Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia

In Serbia, while current legislation covers some fiscal risks and some aspects of how to manage them, important gaps remain in the country’s fiscal risk management framework. In light of these gaps—and based on discussions at a workshop on fiscal risk management held in Serbia in March 2016—stakeholders from across the government have agreed on the need to establish a Fiscal Risk Management Department (FRMD) within the Ministry of Finance.