World Bank Support for Public Financial Management: Conceptual Roots and Evidence of Impact

73 Pages Posted: 23 Jul 2008

See all articles by Clay G. Wescott

Clay G. Wescott

International Public Management Network; World Bank Independent Evaluation Group

Date Written: July 22, 2008

Abstract

The advice provided by the Bank on improving public financial management (PFM) is influenced by debates on theory and practice in developed and developing countries. This paper touches on some of the highlights of these debates, drawing from indicative literature mainly since 1990 from scholars and practitioners. The second part of the paper discusses examples of Bank support for reform of budget planning and execution, in particular financial management information systems (FMIS), medium-term expenditure frameworks (MTEF), procurement, auditing, monitoring and evaluation, and the strengthening of key budgetary accountability institutions, like public accounts committees of the legislature and supreme audit institutions.

Keywords: financial management, procurement, world bank, budget, corruption

Suggested Citation

Wescott, Clay G., World Bank Support for Public Financial Management: Conceptual Roots and Evidence of Impact (July 22, 2008). Available at SSRN: https://ssrn.com/abstract=1169783 or http://dx.doi.org/10.2139/ssrn.1169783

Clay G. Wescott (Contact Author)

International Public Management Network ( email )

7798 Mulberry Ln
naples, FL 34114
United States

HOME PAGE: http://ipmn.net

World Bank Independent Evaluation Group ( email )

1818 H Street, NW
Washington, DC 20433
United States

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