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June 2018

June 28, 2018

PEFA Summer School, 17-19 July, Washington DC

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Posted by PEFA Secretariat

The PEFA Secretariat is pleased to announce that it will be conducting a PEFA ‘summer school’ workshop from July 17-19, 2018 at the World Bank offices (Room C8-100) in Washington DC.

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June 27, 2018

Who Should Compensate the Economic Damage of Natural Disasters?

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Posted by Yugo Koshima[1]

Natural disasters can cause significant damage to the economy. In Japan, the total damage caused by all types of natural disasters to public infrastructures between 1989 and 2016 amounted to 7 percent of GDP. The government provided the equivalent of 8 percent of GDP in reconstruction spending (Figure 1). In case of the 2011 Great East Japan Earthquake and Tsunami, more than 22,000 people were killed or missing and the damage to the public and private capital stock amounted to 3.4 percent of GDP. This estimate does not include the damage caused by the Fukushima nuclear accident, the cost of which, originally estimated at 2 percent of GDP, soon doubled.

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June 15, 2018

Budgeting for Gender and Children’s Rights in Burkina Faso

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Posted by Vieux Soulama and Ksenija Maver[1]

In Burkina Faso, since 2014, gender equality and children’s rights has become an important element in the country’s policies of economic and social development, and in the budget process. This initiative is linked closely to Burkina’s recent development of program budgeting, since a focus on results offers a good opportunity for mainstreaming gender and children's rights in development programs.

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June 12, 2018

PFM Reform in the Caribbean

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Posted by Suhas Joshi, Richard Allen, and Bruno Imbert[1]

A regional workshop on “Financial Processes—Transparency in Budget Practices and Execution in the Caribbean”, under the auspices of the Fiscal Management in the Caribbean Program (FMCP), took place in Belize City from May 28 to June 1, 2018. The workshop, which was the second of its kind in the region, gathered together senior staff from eight countries in the region—Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, St. Vincent and the Grenadines, St. Kitts and Nevis, and St. Lucia. One participant from Budget Department and one from the Accountant General’s Office of each country participated in the workshop. This mix of roles promoted a lively interaction among the participants, and facilitated understanding of the linkages between these two critical areas of PFM.

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June 05, 2018

Strengthening Infrastructure Governance: IMF Updates PIMA Framework

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Posted by Staff of the IMF’s Fiscal Affairs Department

Large infrastructure bottlenecks  in many countries, as well as gaps in the quality of and access to areas of infrastructure (e.g., education, health, energy, water and transportation) are critical to countries’ economic and social development, and to spur economic growth. Low-income countries need infrastructure to achieve the sustainable development goals (SDGs), emerging markets need to address infrastructure bottlenecks, and advanced economies need more infrastructure to maintain economic growth.

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June 04, 2018

Government at a Glance 2017

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Posted by Santiago González[1]

Since 2009, the OECD has produced a biennial Government at a Glance (G@G) publication which contains a set of public governance indicators covering OECD members and partner countries. The fifth edition of G@G, released in July 2017, provides the latest available evidence on governments’ performance from an international comparative perspective. It includes two new chapters dedicated to public sector innovation and governance risk and features several new composite indicators in recurrent areas such as regulatory governance, human resources management, open government data and performance budgeting.

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