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GOVERNMENT GUARANTEE

Statistics Directorate    
Definition:
The most common type is a government-guaranteed loan, which requires the government to repay any amount outstanding amount on a loan in the event of default.

Context:
In some contracts with a public or private sector entity, the government may provide a revenue or demand guarantee that requires the government to make up the difference if revenue or quantity demanded is below the guaranteed level. Similarly, contracts may also have exchange rate or price guarantees.

Source Publication:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary.

Statistical Theme: Financial statistics

Created on Monday, July 23, 2007