A Public Financial Management Framework for Resources-Producing Countries

March 1, 2010

Preview Citation

Format: Chicago

Jean-Luc Hélis, and Teresa Daban Sanchez. A Public Financial Management Framework for Resources-Producing Countries, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.

Subject: Budget planning and preparation, Expenditure, Fiscal law, Fiscal policy, Public financial management (PFM), Resource management in revenue administration, Revenue administration

Keywords: Accountability, Budget planning and preparation, Country experience, Eastern Europe, Fiscal law, Investment strategy, Management law, PFM framework, PFM system, Public financial management, Resource curse, Resource management in revenue administration, Resource revenue, Resource revenue management, Resource-producing countries, Resource-producing country, Transparency, WP

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2010/072
Stock No:

WPIEA2010072
ISBN:

9781451982152
ISSN:

1018-5941

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