Setting Up Treasuries in the Baltics, Russia, and other Countries of the Former Soviet Union

October 3, 2000

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Format: Chicago

Jack Diamond, and Barry H Potter. Setting Up Treasuries in the Baltics, Russia, and other Countries of the Former Soviet Union, (USA: International Monetary Fund, 2000) accessed December 22, 2024

Summary

This paper reviews lessons learned for future technical assistance work in the hope that they will highlight the problems faced when introducing institutional changes in transitional economies. The findings from the assessment are intended principally for those interested in the development of these transition economies, but should also be of wider relevance to those involved in delivering technical assistance on public sector institutional reform. The assessment follows the standard approach to such evaluation work. It first considers whether the basic goal of setting up treasuries has been achieved and whether the resultant reforms are relevant and sustainable. A more marked improvement in public expenditure and fiscal management was, however, also seriously hindered by the hostile macroeconomic environment of perennial crisis. The IMF is now preparing an illustrative standard for budget preparation, based on the Code of Good Practices on Fiscal Transparency, for the countries discussed in this paper.

Subject: Budget execution and treasury management, Budget planning and preparation, Fiscal accounting and reporting, PFM information systems, Public financial management (PFM)

Keywords: Baltics, Budget execution and treasury management, Budget planning and preparation, Center, Country, Fiscal accounting and reporting, Government, IMF advisor, IMF mission report, IMF's Fiscal Affairs Department, OP, PFM information systems, Treasury, Treasury system

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2000/014
Stock No:

S198EA0000000
ISBN:

9781557759474
ISSN:

0251-6365

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