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IMF's Public Financial Management Blog
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12 октября, 16:47

The IMF Publishes its Fiscal Transparency Evaluation for Mexico

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Posted by Sailendra Pattanayak1 The IMF has just published a report that assesses Mexico’s fiscal transparency practices against the standards set by the IMF’s Fiscal Transparency Code. The report covers all four pillars: (I) Fiscal Reporting; (II) Fiscal Forecasting and...

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10 октября, 17:15

The Wealth of Nations: Governments Can Better Manage What They Own and Owe

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Posted by Vitor Gaspar, Jason Harris, and Alexander Tieman[1] What is the state of your personal finances? You probably think first about your debts: your mortgage, your credit card balance, and your student loans. But you probably also think about...

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01 октября, 15:58

Dealing with Corruption in State-Owned Enterprises

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Posted by Benoit Wiest and Concha Verdugo Yepes[1] State-Owned Enterprises (SOEs) account for 22 percent of the world’s largest companies and are often located in sectors of strategic importance, such as oil and gas, telecommunications, ports, and public utilities. SOEs...

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20 сентября, 00:47

Innovative Approaches to Improving Fiscal Risks Management

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Posted by Esther Palacio[1] The main objective of the IMF’s capacity building programs is to help countries overcome new challenges in economic and fiscal policy. However, standard two-week technical assistance (TA) missions composed of international experts are not always an...

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17 сентября, 15:20

How did Fiscal Rules Hold Up in the Commodity Price Crash?

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Posted by David Mihalyi1 In NRGI’s new study, we reviewed the characteristics of fiscal rules in countries assessed in the Resource Governance Index (RGI). Out of the 79 countries covered by the index, 34 have at least one fiscal rule...

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10 сентября, 16:19

IPSASB Widens its Strategic Consultation

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Posted by Ross Smith, John Stanford, and Sagé de Clerckٞ[1] During 2014, the International Public Sector Accounting Standards Board (IPSASB) launched their first-ever Strategy and Work Plan consultation. That, together with the completion of the Conceptual Framework for public sector...

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07 сентября, 16:15

Book Review: Governing PFM reforms

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Posted by Jean Pierre Nguenang There is an ongoing debate in public financial management (PFM) circles about how to design and implement PFM reforms in low-income countries (LICs). Critics argue that two decades of reforms have failed to produce the...

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04 сентября, 15:33

Poor Countries Face a Climate Change Double Whammy

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Posted by Delaine McCullough1 Climate change is arguably the world’s greatest development challenge—and it will also be one of the most significant public finance challenges countries will face for decades to come. The estimated cost of moving to a low-carbon,...

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30 августа, 16:34

Gender Responsive Budgeting in East Africa

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Posted by Kubai Khasiani and Amitabh Tripathi[1] Gender budgeting efforts in the East Africa region started in the 1990s, motivated by several key international and regional agreements and with the objective of addressing gender equality issues through planning and budgeting...

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28 августа, 16:57

Are European Auditors Moving Against Accrual Accounting?

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Posted by Andy Wynne[1] Public sector auditors across Europe are taking a dim view of the introduction of accrual accounting in EU member states. In recent years, audit reports from Britain, France, and especially Germany have become increasingly critical, arguing...

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21 августа, 21:51

The IMF’s Public Financial Management (PFM) Course

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Posted by Nour Chamseddine1 and Qing Zhao2 The IMF’s first public offering of its online Public Financial Management (PFM) course had 1,375 participants from 194 countries. This eight-week course (PFMx) was offered as a massive open online course (MOOC) hosted...

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15 августа, 18:14

Managing Fiscal Risks in the UK

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Posted by Richard Hughes[1] On 17 July 2018, HM Treasury published its first ever report on Managing Fiscal Risks, the Government’s response to the Office for Budget Responsibility’s (OBR’s) Fiscal Risks Report published in July 2016. The OBR’s Fiscal Risks...