Economics & Public Finance

The economics, public finance and budget support topic page covers issues such as macroeconomic stability, fiscal policy, economic growth, public debt, public finance management (including procurement), financial accountability as well as their practical implications for development programmes, in particular budget support operations but also technical cooperation projects.

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Domestic accountability & transparency - Economic growth - Finance sector - Fiscal policy - Macroeconomy - Monetary institutions - Public Expenditure and Financial Accountability (PEFA) - Public finance management

The Role of Consultants in Public Finance Management Reform

Capacity4dev Team created a new Article | 14 July 2009

To whom is a private sector consultant accountable, the donor paying their bill or the country to which they are providing technical assistance? Private sector consultants are widely used in managing and implementing Public Finance Management reform, yet questions of accountability, and consultants...

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Tommassi (2009) Strengthening Public Expenditure Management in Developing Countries: Sequencing Issues

Capacity4dev Team uploaded a new Document | 10 July 2009

pubexpenman_summarypaper_tommasi.doc 37 KB

Efforts to strengthen and modernise Public Expenditure Management (PEM) in developing countries have been underway for decades, yet results have often proved disappointing. Many of the innovations currently being experimented with in developing countries risk joining a long-line of failures, warns...

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Group: Public Sector Reform & Decentralisation
FYSON (2009) Sending in the consultants: development agencies, the private sector and the reform of public finance in low-income countries

Capacity4dev Team uploaded a new Document | 10 July 2009

issues_paper-consultants_impact_on_pfm_in_countries-_s_fyson_oecd.pdf 1.02 MB

This paper offers a conceptual framework to understand the relationship between donors, governments and donor-funded consultants who come in to implement Public Finance Management Reforms. The paper explores the lines of accountability that are drown between these different set of actors. Ghana is...

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Group: Public Sector Reform & Decentralisation
Navigating the Public Finance Management Reform Literature

Capacity4dev Team created a new Article | 27 May 2009

There's a host of literature available on Public Finance Management (PFM) Reform. To better navigate what's available, the UK's Department for International Development has commissioned this Review of PFM Reform Literature.

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The Challenge of Reforming Budgetary Institutions in Developing Countries

Capacity4dev Team created a new Article | 26 May 2009

In this recent provocative paper, "The Challenge of Reforming Budgetary Institutions in Developing Countries", author Richard Allen bridges an important gap in the existing literature on Public Expenditure Management, offering a thought provoking yet practical guide to help countries...

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Strengthening Public Expenditure Management in Developing Countries

Capacity4dev Team created a new Article | 26 May 2009

Many efforts to strengthen and modernise Public Expenditure Management in developing countries risk joining a long-line of failures. But, in a new paper, expert Daniel Tommasi explains how proper PEM design and phased implementation can yield positive results. In his paper, "Strengthening...

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