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April 2019

April 30, 2019

Why PEFA Does Not Need a Gender Budgeting Framework

Genbud
Posted by Bryn Welham[1]

The Public Expenditure and Financial Accountability (PEFA) framework is the most frequently used diagnostic tool for assessing the effectiveness of public expenditure processes in developing countries.  The PEFA Secretariat is holding public consultations on a gender module that would add up to 22 new indicators to assess whether public financial management (PFM) systems take sufficient account of gender issues.

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April 25, 2019

How to Improve Financial Accountability in Pakistan

Pakmon
Posted by Muhammad Akram Khan[1]

Public financial management (PFM) arrangements in Pakistan perpetuate a system that the colonial rulers designed for effective control of taxes collected from the local populace. Globally, PFM concepts and practices have changed significantly since then, but very little in Pakistan. They fail to recognize that public managers should be accountable for the resources they manage, or that the PFM systems should generate reliable financial and performance information besides exercising robust internal controls.

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April 22, 2019

IMF’s PFM Online Course to Open Year-Round

 

Posted by Fabien Gonguet

The Fiscal Affairs Department and the Institute for Capacity Development of the IMF are pleased to announce that the online course on Public Financial Management (PFM) will relaunch on May 1, 2019 and remain open year-round. In its two previous offerings, this free online course has been taken by more than 2,200 participants in 194 countries, with very high satisfaction rates. Taught by more than 15 experts of the Fiscal Affairs Department, the course is open for government officials, staff of bilateral and multilateral development agencies, civil society organizations, parliamentarians, academics and the general public. The course has been updated in 2019 to reflect the revisions brought to IMF’s PFM standards and tools and adopted in the last twelve months – namely the Public Investment Management Assessment (PIMA) framework and the Natural Resource Management pillar of the Fiscal Transparency Code (FTC).

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April 18, 2019

Political Interference and Infrastructure Governance

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Posted by Taz Chaponda and Richard Allen[1]

Building large infrastructure is a very difficult undertaking, particularly in the public sector. A lot of things can go wrong during the life of a large project, leading to cost and time overruns and poor outcomes. One of the most intractable problems is political interference in infrastructure development. But how does one separate the purely political issues (that may be legitimate) from economic and technical aspects? And is corruption the core driver of poor outcomes or are there other governance issues at play?

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April 15, 2019

Putting the ‘Public’ Back into Public Finance

Plant
Posted by Paolo de Renzio[1]

Few people ever stop to think about it, but government budgets affect our everyday lives in many different ways. Budget decisions – how a government taxes, borrows and spends – can have a deep impact on economic performance, income distribution and service delivery.

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April 11, 2019

IMF’s PFM Course used for Joint Training in Mauritius

Maurblog
Posted by Robert Clifton and Naimabee Aubdoollah-Suhootoorah[1]

Public financial management (PFM) is a broad, multifaceted and complex terrain that can be quite daunting for a new analyst in a ministry of finance to fully comprehend. In addition to the technical underpinnings of PFM it is also necessary to develop a good understanding of both the theory and practice of public economics and political economy.

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April 09, 2019

Fiscal Transparency: The Case of Tax Expenditures in Developing Countries

Ftm
Posted by Mario Mansour [1]

In recent years, more developing countries have started reporting on their tax expenditures, however the quality of reporting needs to improve if it is to usefully contribute to fiscal transparency and the debate on domestic revenue mobilization.

Unlike in most advanced economies, where reporting on tax expenditures has been part of general fiscal reporting for decades, reporting on tax expenditures in developing countries started in the early part of the 2000s decade, primarily in Latin America. More recently, the practice has gained ground in other developing countries, including in Africa, where eight countries now report regularly on their tax expenditures (Kassim and Mansour, 2018).[2]

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April 04, 2019

Tackling Corruption in Government

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Posted by Vitor GasparPaolo Mauro and Paulo Medas

Note that this article originally posted on the IMF blog

No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and siphons taxpayers’ money away from schools, roads, and hospitals.

While the wasted money is important, the cost is about much more. Corruption corrodes the government’s ability to help grow the economy in a way that benefits all citizens.

But the political will to build strong and transparent institutions can turn the tide against corruption. In our new Fiscal Monitor, we shine a light on fiscal institutions and policies, like tax administration or procurement practices, and show how they can fight corruption.

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April 01, 2019

IMF Holds Seminar on Implementing Gender Responsive Budgeting In Central Africa

Gwnpg
Posted by Gwénaëlle Suc and Abdoulaye Touré[1]

Gender inequalities and inequities remain pervasive in Central Africa. For example, in recent years, about 35 percent of girls graduated from high school in the region, against 45 percent of boys. And women earn on average 30 percent less than men. These inequities have a significant impact on growth and development. Studies show that an increase of one percent in the gender inequality index reduces the human development index by 0.75 percent.

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Un séminaire du FMI pour mettre en œuvre la budgétisation sensible au genre en Afrique Centrale

Gwnpg
Par Gwénaëlle Suc and Abdoulaye Touré[1]

Les inégalités et inéquités liées au genre demeurent très fortes en Afrique Centrale. Par exemple, sur la période récente, environ 35 % des filles achèvent un cursus d’enseignement secondaire dans la région contre 45 % des garçons. De plus, les femmes gagnent en moyenne 30 % de moins que les hommes. Ces inéquités ont des conséquences importantes sur la croissance et sur le développement. Les études montrent qu’une augmentation de 1 % de l’indice d’inégalité de genre se traduit par une réduction de l’indice de développement humain de 0,75 %.

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