Improving Fiscal Governance in Emerging Economies: Multilateral Support to Budget Oversight and Public Sector Auditing

27 Pages Posted: 1 Feb 2005

See all articles by Carlos Santiso

Carlos Santiso

United Kingdom Department for International Development (DFID); Center for the Implementation of Public Policies for Equity and Growth, CIPPEC; Center for Democratic Governance, CGD, of Burkina Faso; African Development Bank; Inter-American Development Bank

Date Written: 2005

Abstract

There is increasing recognition that improving economic governance and fostering fiscal responsibility in emerging economies requires strengthening transparency and accountability in the management of public finances. This study reviews multilateral support to the strengthening of national parliaments and external audit agencies in Latin America and the Caribbean. It underscore recent developments in development finance, grounded in a broadening of the understanding on what conditions the credibility and performance of governmental financial management systems. It reveals a learning curve in multilateral assistance to budget oversight institutions, as well as some of its limitations linked to the political economy of financial accountability. It argues that there exists unexplored potential to improve the effectiveness of multilateral assistance to fiscal control institutions, including in the choice of lending strategies and the synergies between instruments.

Keywords: Multilateral lending, budget oversight, external audit, emerging economies

JEL Classification: H61, F34, O23, P16

Suggested Citation

Santiso, Carlos, Improving Fiscal Governance in Emerging Economies: Multilateral Support to Budget Oversight and Public Sector Auditing (2005). Available at SSRN: https://ssrn.com/abstract=657741 or http://dx.doi.org/10.2139/ssrn.657741

Carlos Santiso (Contact Author)

United Kingdom Department for International Development (DFID) ( email )

Abercrombie House
Eaglesham Road, East Kilbride
Glasgow, G75 8EA
United Kingdom
+44 0 1355 84 4000 (Phone)
+44 0 1355 84 4099 (Fax)

HOME PAGE: http://www.dfid.gov.uk/

Center for the Implementation of Public Policies for Equity and Growth, CIPPEC ( email )

Argentina

Center for Democratic Governance, CGD, of Burkina Faso ( email )

Burkina Faso

African Development Bank ( email )

15 Avenue du Ghana
P.O.Box 323-1002
Tunis-Belvedère
Tunisia

HOME PAGE: http://www.afdb.org

Inter-American Development Bank ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

HOME PAGE: http://www.iadb.org

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