The objective of risk management is to avoid unexpected losses and safeguard the continuation of operations.
The aim of central government is to manage all risks in a systematic manner. The risk management process consists of identification of risks, quantification and evaluation of risks, risk monitoring and reporting, and active management of risk positions.
The main risks are financing risk (short-term liquidity risk and long-term refinancing risk), credit risk, market risks (interest and exchange rate risk), operational risk, and legal risk.
Debt management framework
Risk management overview
Financing risk
Credit risk
Market risks
Operational risk
Legal risk
Internal control