The Challenge of Reforming Budgetary Institutions in Developing Countries / Richard Allen.

Format:

Book

Government document

Author/Creator:

Allen, Richard.

Series:

IMF Working Papers; Working Paper ; No. 2009/096

IMF Working Papers

Language:

English

Physical Description:

1 online resource (30 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2009.

Language Note:

English

Summary:

The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time?200 years or more?and is still evolving. It discusses Douglass North's prediction?which is supported by available data?that institutional reform is also likely to be very slow in developing countries since the budget is especially prone to rent-seeking influences. Finally, the paper discusses the currently fashionable emphasis on complex, multiannual PFM reform strategies, which have been strongly promoted by the donor community; and advocates a simpler approach grounded on Schick's important principle of "getting the basics right." The paper identifies several areas where further research would be fruitful.

Contents:

Contents; I. Introduction; II. Historical Development of Budget Reforms; Table; 1. Selected Dates in the Development of Budget Systems: France, the U.K., and the U.S; III. The Challenges Facing Reformers in Developing Countries; Figure; 1. Illustration of the ""Platform Approach""; Box; 1. Cambodia: Weaknesses of the ""Platform Approach""; IV. A Suggested Approach for Developing Countries; V. Conclusion; Selected References

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786613824394

9781462321469

1462321461

9781452762180

145276218X

9781283511940

1283511940

9781451989250

1451989253

OCLC:

650308686