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Public Expenditure Reform Under Adjustment Lending

Author : Jeff Huther

Publisher : World Bank Publications

Page : 66 pages

File Size : 44,14 MB

Release : 1997

Category : Political Science

ISBN : 9780821341605

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Book Description

This paper argues that the World Bank should follow a systemic approach to developing guidance on public expenditure reform. Suggested approaches are to: determine an appropriate role for government and its various agents and specify their partnership with the civil society and the private sector; clarify the goals of reform and specify performance monitoring and evaluation indicators; target unproductive and inequitable expenditures from elimination; emphasize poverty alleviation; and promote equity and adopt general guidelines on policy environment goals for external assistance.



Assessing and Reforming Public Financial Management

Author : Richard Allen

Publisher : World Bank Publications

Page : 166 pages

File Size : 49,96 MB

Release : 2004

Category : Business & Economics

ISBN : 9780821355992

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Book Description

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.



Guidelines for Public Expenditure Management

Author : Mr.Jack Diamond

Publisher : International Monetary Fund

Page : 84 pages

File Size : 48,10 MB

Release : 1999-07-01

Category : Business & Economics

ISBN : 9781557757876

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Book Description

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.



Unproductive Public Expenditures

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 56 pages

File Size : 33,30 MB

Release : 2005-04-04

Category : Business & Economics

ISBN : 1557755418

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Book Description

Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.



Fiscal Adjustment for Stability and Growth

Author : Mr.James Daniel

Publisher : International Monetary Fund

Page : 80 pages

File Size : 15,54 MB

Release : 2006-08-17

Category : Business & Economics

ISBN : 9781589065130

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Book Description

The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.



Adjustment in Africa

Author :

Publisher :

Page : 44 pages

File Size : 10,50 MB

Release : 1994

Category : Political Science

ISBN :

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Public Financial Management and Its Emerging Architecture

Author : Mr. M. Cangiano

Publisher : International Monetary Fund

Page : 468 pages

File Size : 36,25 MB

Release : 2013-04-05

Category : Business & Economics

ISBN : 1475512198

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Book Description

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch



Fiscal Management in Adjustment Lending

Author : Jayati Datta Mitra

Publisher : World Bank Publications

Page : 202 pages

File Size : 25,63 MB

Release : 1997-01-01

Category : Business & Economics

ISBN : 9780821339657

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Book Description

This study analyzes the World Bank's experience with fiscal management in 250 adjustment operations in 86 countries. It examines the fiscal records in a sample of 26 countries grouped by region, portfolio characteristics, and economic traits. The study confirms that fiscal deficit reduction is associated with improved external balances and economic growth and that it takes sustained, long-term effort, and continual vigilance against reversals. Fiscal mismanagement, not exogenous shocks, was the principal cause of persistent budget deficits. The study offers the following recommendations for the Bank and its borrowers:1) Estimate the level of the sustainable deficit and provide guidelines for achieving it in Bank economic and sector work and adjustment lending. 2) Improve sequencing of tax reform. 3) Consider explicitly the role of the state and the appropriate mix of public/private provision of services in recommending public expenditure reform. 4) Include poverty alleviation and equity objectives in public expenditure reform. 5) Build adequate monitoring and performance indicators for both tax and expenditure reforms. 6) Enhance Bank-Fund coordination, in support of the Fund's lead role in giving fiscal advice, by strengthening the Bank's ability to analyze taxes and expenditures.



Assessing Aid

Author :

Publisher : World Bank Publications

Page : 164 pages

File Size : 39,44 MB

Release : 1998

Category : Political Science

ISBN : 9780195211238

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Book Description

Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.



Growth-oriented Adjustment Programs

Author : Vittorio Corbo

Publisher :

Page : 560 pages

File Size : 25,65 MB

Release : 1987

Category : Business & Economics

ISBN :

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Book Description

This report presents the proceeding of a symposium on growth-oriented adjustment programs that was organized jointly by the International Monetary Fund and the World Bank and held in Washington on February 25-27, 1987. The purpose of this symposium was to review the design of, and scrutinize the economic rationale behind adjustment programs supported by the Bank and the Fund, and to examine how best to help developing countries achieve balance of payments stability with sustainable economic growth. The report includes opening remarks from then Bank President, Barber Conable and Fund Managing Director, Michel Camdessus, as well as written proceedings from all sessions presented. Session topics included: World Bank programs for Adjustment and Growth; Adjustment and Economic Growth - their fundamental complementarity; Economic Stabilization and Structural Adjustment - the case of Turkey; Economic Growth and Economic Policy; Adjustment in Latin America, 1981-86; Outward Orientation - trade issues; Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs; Agricultural Structural Policies; Growth-Oriented Adjustment Programs - fiscal policy issues; The Role of External Private Capital Flows; Official Financing and Growth-Oriented Structural Adjustment; and a Round Table Discussion.