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November 2014

November 17, 2014

How Far Can the IMF’s New Fiscal Transparency Code Take Us?

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Posted by Carlos Scartascini [1]

The Fiscal Affairs Department at the IMF has been a (if not the) leader on fiscal research, policy analysis, and data generation in the world for the last 50 years. It has influenced the work of scholars, contributed to the development of professionals and policymakers, and more importantly, had a direct impact on the lives of millions of people in the developed and developing world.

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Job Opportunity: Qatar Ministry of Finance

The Qatar Ministry of Finance is advertising for an experienced Macro-Fiscal Advisor to help make the recently-established Macro Fiscal Unit operational, providing key fiscal reports and forecasts.  The position will be working directly for the Qatari government, and be based in Doha for an initial period of 2 years. A working knowledge of Arabic would be useful, but not required. An announcement is available here:  Download Qatar MOF Senior Economic Advisor.

Interested applicants should contact Ahmed Helal at the Qatar Ministry of Finance (ahelal@mof.gov.qa).

Note: The posts on the IMF PFM Blog should not be reported as representing the views of the IMF. The views expressed are those of the authors and do not necessarily represent those of the IMF or IMF policy.

November 13, 2014

Value for Money in African Public Spending

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Posted by Philipp Krause1

The Collaborative Africa Budget Reform Initiative (CABRI) recently brought together 75 delegates from 24 countries for its annual conference in Johannesburg. The topic this year was “value for money in public spending”. CABRI is the peer-led network of African senior budget officials, which aims to improve African public finance management through peer exchange and support. It is being led by its member countries and supported by a small secretariat based in Pretoria.

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November 10, 2014

A New FMIS Handbook

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Posted by Cem Dener[1]

Implementing Financial Management Information System (FMIS) solutions is not an easy task, and entails the allocation of significant resources and substantial capacity building efforts. FMIS can be a powerful tool, if designed to meet specific user requirements, and well aligned to a country’s PFM reform strategy and a realistic action plan. Moreover, the development of a countrywide FMIS solution and information and communication technology (ICT) infrastructure will be more useful when it is an integral part of a coherent national e-Government strategy. The risks of supply-driven or market-driven choices of FMIS solutions are high. They should be counter-balanced by giving due attention to the design of a tool that is both flexible and responsive to the needs of its ultimate users. FMIS systems are no replacement for good management and robust internal controls, and will not be very useful if budget coverage itself is limited, or budget planning/execution practices are not well established or integrated.

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November 04, 2014

Taking Stock of PFM Reforms in the WAEMU

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Posted by Bruno Imbert1

In 2009, the Council of Ministers of the Western Africa Economic and Monetary Union (WAEMU) adopted six regional directives2 on public finance. These directives aim at reforming the public finance system in the WAEMU’s eight member countries3. All countries are required to bring their domestic legislation into line with the directives by January 2012 and to implement the changes by January 2017. The first deadline, however, has already been missed, as indicated in the table below. By October 2014, only four countries have successfully enacted all of the six directives. Three countries have enacted one or two directives and are currently working on the others, while one country has so far failed to enact any of the directives.

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