Assessing and Reforming Public Financial Management

Assessing and Reforming Public Financial Management

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This study compares the various instruments and approaches used by the World Bank, the European Commission, the International Monetary Fund, the Strategic Partnership for Africa and several bilateral donor agencies to assess and reform public expenditure management systems in developing and transitional countries. It identifies weaknesses in the current system and recommends a new medium-term, country-led, multidonor approach which is focused on better budgetary management supplemented by donor aid funds, as a key mechanism to reduce poverty and attain other policy goals.The first is an IMF Fiscal Management Assessment that would focus on emerging economies and that has already been piloted in Turkey. ... In addition, the World Bank is piloting a Fiduciary Review that focuses on corruption in Bank-financed projects but also overlaps ... The integration of fiduciary assessments is also enunciated in the aquot;Country Financial Accountability Assessment: Guidelines to Staff.

Title:Assessing and Reforming Public Financial Management
Author:Richard Allen, Salvatore Schiavo-Campo, Thomas Columkill Garrity
Publisher:World Bank Publications - 2004


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