differences among assessment instruments, 40-41, 51-52

dissemination of assessments. See information sharing among agencies

duplication and similarities of instruments, xiii, 20-21, 35-39, 41, 44-45, 103 See also integration and coordination costs of, 50, 103

East Asian financial crisis of 19971999, 5

Eastern Europe. See EC and

OECD Support for Improvement in Governance and Management in Central and Eastern Europe (SIGMA)

EC and OECD Support for

Improvement in Governance and Management in Central and Eastern Europe

(SIGMA)

baseline assessments, 24, 25n2, 96-97

description of, 95-99

peer reviews

of public internal financial control systems, 98-99

of supreme audit institutions,

97-98

EC audits, 1, 15, 104Ш.2 building on UNDP CONTACT Guidelines, 22 counterpart funds and, 91 criticism of, 26n7

description of, 22-23, 90-94

follow-up problems, 93

institutional considerations and,

recommendations concerning,

55-56

relationship to CFAAs, 55-56 revised guidelines, xiii, 22-23,

36, 38, 40, 44

scope and range of, 35, 91-93,

115tA3.1 significance of, 36 statutory requirements behind,

Estonia

baseline assessments for, 96 peer reviews of audit institutions, 97 Ethiopia

government-led PER, 18, 80 European Community

See also headings starting with EC

CFAAs, collaboration on, 82 Public Financial Management Assessment, 93-94 expenditure programming

as component of public expenditure management, 27, 28b2, 32/1

coverage by assessment instruments, 116tA3.1

as PER focus, 58

external audits. See accounting, reporting, and external audit

Fiduciary Review (World Bank),

73n1

fiduciary risk, 9-14

See also DFID assessments of fiduciary risk

accountability, 12-13 common definition, need to

establish, 55 corruption and, 33 definition of fiduciary, 10 distinguished from development

risk, 10

evaluation and development of

goals, as recommendations, xvi operational implications, 13-14 recommendations concerning,

risk, 10-12

financial integrity, 33

Financial Sector Assessment Program (FSAP), 73я4

Fiscal ROSCs. See IMF Reports on the Observance of Standards and Codes of Fiscal Transparency

follow-up and performance monitoring, 65-66

to EC audits, 93

EC Public Financial Management Assessment to address,

to Fiscal ROSCs, 87

good practices requiring, 103,

108-9

France

receiving first loan made from World Bank, 6я4 FSAP (IMF-World Bank Financial Sector Assessment Program), 73я4

fungibility of resources, 4 gaps in assessment instruments,

46-47

EC Public Financial Management Assessment to address,

Gold, Joseph, 13

good practices for public expenditure management, 57, 65,

103-12

diagnostic work, 105-6,

107-9

follow-up activity, 108-9 IMFs Code of Good Practices on Fiscal Transparency, 20,

information sharing, 103, 108 performance measurement, 106-7, 110-12, 1ША2.5 quality assurance, 108 Governance Operations Progress Indicators (GOPIs), use of,

governance principles, 33-34,

41-44

definition of governance, 63 recommendations concerning,

63-65

Harmonization Group, 82 Harrod-Domar thinking, 5 Heavily Indebted Poor Country initiative. See World Bank-IMF Public Expenditure Tracking Assessments and Action Plans for Heavily Indebted Poor Countries

(HIPC AAPs)

Herzegovina, 84

HIPC AAPs. See World Bank-IMF

Public Expenditure Tracking Assessments and Action Plans

for Heavily Indebted Poor Countries Hungary, 96

IGRs. See Institutional and Governance Reviews (IGRs), use of

See also headings below starting with IMF ; World Bank-IMF Public Expenditure Tracking Assessments and Action Plans for Heavily Indebted Poor Countries

(HIPC AAPs)

coordination with other large

development agencies, need

to improve, 56 coordination with World Bank,

need to improve, 52, 54-55,

information already available

from, 52 online access to information of,

transparency analysis of, reliance of other agencies on, 53

working group (with World Bank) on collaborative public expenditure work, 68-69 IMF Fiscal Management Assessment, 73n1 IMF Reports on the Observance of Standards and Codes of Fiscal Transparency (Fiscal ROSCs), 1, 15, 104bA2.2

accounting issues, coverage of,

background of, 5

for Burkina Faso, 39b3

coordination with other World

Bank products, 87 description of, 20-21, 85-87 dissemination by governments,

follow-up to Fiscal ROSCs, 87 government participation in

process, 37 institutional considerations and,

43-44

modular approach of, 68 overlap with other instruments,

xiii, 20-21, 41, 44, 51 as primary instruments, 40 questionnaires, use of, 25t1, 37 scope and range of, 35, 45, 86,

115tA3.1

significance of, 36

skills of teams conducting,

66-67

uniformity and structure of, 40 IMF-World Bank Financial Sector Assessment Program (FSAP),

73n4

IMFs Code of Good Practices on Fiscal Transparency, 20, 111

information sharing among agencies, 37, 52-53, 55, 103, 108

Institutional and Governance

Reviews (IGRs), use of, 42,

64-65

coordinated with CFAAs, 82 institutional considerations, xvi,

41-44, 63-65

draft PER guidelines on, 42 problems created by lack of understanding of, 50 integration and coordination

benefits of, 60b4, 103