A Public Financial Management Framework For Resources Producing Countries

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A Public Financial Management Framework For Resources Producing Countries

A Public Financial Management Framework For Resources Producing Countries
Author: Jean-Luc Hélis
Publisher: International Monetary Fund
ISBN: 1451981996
Size: 41.81 MB
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This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.
A Public Financial Management Framework for Resources-Producing Countries
Language: en
Pages: 37
Authors: Jean-Luc Hélis, Ms. Teresa Dabán Sánchez
Categories: Business & Economics
Type: BOOK - Published: 2010-03-01 - Publisher: International Monetary Fund
This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity
Public Financial Management and Its Emerging Architecture
Language: en
Pages: 468
Authors: Mr. M. Cangiano, Ms. Teresa R Curristine, Mr. Michel Lazare
Categories: Business & Economics
Type: BOOK - Published: 2013-04-05 - Publisher: International Monetary Fund
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
Public Investment in Resource-Abundant Developing Countries
Language: en
Pages: 48
Authors: Mr. Andrew Berg, Rafael Portillo, Ms. Shu-Chun S. Yang, Luis-Felipe Zanna
Categories: Business & Economics
Type: BOOK - Published: 2012-11-15 - Publisher: International Monetary Fund
Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive
Oil Wealth and Development in Uganda and Beyond
Language: en
Pages: 394
Authors: Arnim Langer, Ukoha Ukiwo, Pamela Mbabazi
Categories: Social Science
Type: BOOK - Published: 2020-01-07 - Publisher: Leuven University Press
Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other
Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon
Language: en
Pages: 33
Authors: Mariusz Jarmuzek, Diego Mesa Puyo, Najla Nakhle
Categories: Business & Economics
Type: BOOK - Published: 2014-10-23 - Publisher: International Monetary Fund
Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon’s economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address
IMF Economic Review
Language: en
Pages:
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Categories: Commerce
Type: BOOK - Published: 2013 - Publisher:
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Financial Accountability in Nepal
Language: en
Pages: 148
Authors: World Bank
Categories: Finance, Public
Type: BOOK - Published: 2003 - Publisher: World Bank Publications
"Nepal has suffered from the lack of proper management of public expenditures, stagnant real revenues, large and inefficient parastatals, and a weak financial sector. Fiduciary risk remains high. His Majesty's Government of Nepal has accorded high priority to the assurance of good accountability and transparency in public sector financial management."
EU Framework for Safeguarding Financial Stability
Language: en
Pages: 23
Authors: Ms. María Nieto, Mr. Garry J. Schinasi
Categories: Business & Economics
Type: BOOK - Published: 2007-11-01 - Publisher: International Monetary Fund
European finance is becoming increasingly cross-border, while the European architecture for safeguarding financial stability - including decision-making processes for providing financial-stability public goods - have remained decentralized with some explicit mechanisms for coordination across countries. Policy makers are aware of the limitations of the existing institutional setting, but opinions on
OECD Studies on Water A Framework for Financing Water Resources Management
Language: en
Pages: 96
Authors: OECD
Categories: Business & Economics
Type: BOOK - Published: 2012-08-21 - Publisher: OECD Publishing
This report provides a framework for policy discussions around financing water resources management that are taking place at local, basin, national, or transboundary levels.
Strengthening Russia's Fiscal Framework
Language: en
Pages: 29
Authors: Daria Zakharova, Ms. Charleen Gust
Categories: Business & Economics
Type: BOOK - Published: 2012-03-01 - Publisher: International Monetary Fund
Though many aspects of Russia''s fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall