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Actions to Strengthen the Tracking of Poverty-Reducing Public Spending in Heavily Indebted Poor Countries (HIPC)

Prepared by the Staffs of the IMF and the World Bank
March 22, 2002

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Contents

          Acronyms

          Executive Summary

  1. Introduction


  2. Objectives and Underlying Principles


  3. Follow-Up Bank/Fund Missions to Finalize Assessments and Action Plans


  4. Assessments of Public Expenditure Management Systems
    1. Benchmark Assessments
    2. Availability of Data on Actual Spending


  5. Actions Envisaged by Countries
    1. Short-Term Measures to Strenghten Public-Expenditure Management
    2. Medium- to Longer-Term Strategies


  6. Assistance Providers
    1. Internationally Supported Programs
    2. Bank-Supported Programs
    3. Fund-Supported Programs
    4. Assistance Gaps
    5. Implications for Bank or Fund Assistance


  7. Next Steps


  8. Risks


Table
Table 1. Actions envisaged in the Short Term

Figures
Figure 1. Relative Need for Upgrading PEM System
Figure 2. Substantial Upgrading Needed to Meet Benchmarks

Boxes
Box 1. Salient Features of the Assessment Approach
Box 2. World Bank/IMF Ongoing PEM Work