constraints on, 51-52 coordination between agencies,

37, 52, 56-57 coordination within World

Bank, 57-63 efforts to strengthen, viii, 20-21 exchange of information and

programming intentions,

52-53, 55, 103, 108 good practices recommended by

PEFA, 59-61 multidonor missions, problems

of, 50

problems of differences among instruments, 40-41, 51-52

recommendation to increase, xiv-xvi, 45-46, 49-63 Inter-American Development

Bank, 53, 82

International Public Sector

Accounting Standards

(IPSAS), 1ША2.5 International Records Management

Trust, 46 international standards, 111£A2.5 See also good practices for public

expenditure management IPSAS (International Public Sector

Accounting Standards),

111Ш.5

Kenya, 80 Latvia

baseline assessments for, 96 peer reviews of supreme audit institutions, 97 legal and organizational framework as components of public expen-

diture management, 27, 28Й, 32/1

coverage by assessment instruments, 115rA3.1

legislative approval as focus of assessment instrument, 17

Lithuania, 96

Macedonia, 96

Malawi and participatory CFAA, 51

DIFD participation in, 95 Managing Fiduciary Risk When Providing Direct Budget Support (DIFD paper), 94 methodology of study, 27-34 modular approach. See programmatic and modular approach Mozambique

as example of coordinated assessments, 57, 65, 82 participatory CFAA, 51

New Partnership for Africas Development (NEPAD), 73я1

Norwegian Agency for International Development, 82

OECD

See also EC and OECD Support for Improvement in Governance and Management in Central and Eastern Europe

(SIGMA)

Development Assistance Committee, viii, 50, 57, 65, 82,

101-12

public expenditure database, creation by, 53

operational implications of risk, 13-14

participation, 33-34

consent of government to

assessment, 38 CPARs and, 84 insufficient, effect of, 50-51 PERs and, 79

recommendations concerning,

55, 56-57, 63 significance of, 41 peer reviews

of public internal financial control systems (SIGMA), 98-99 of supreme audit institutions

(SIGMA), 97-98

PEFA. See Public Expenditure and Financial Accountability

performance monitoring. See follow-up and performance monitoring

PERs. See World Bank Public Expenditure Reviews

Peru, 82

PETS (Public Expenditure Tracking Surveys), 24 Philippines, 82, 84

Poland, 96

Poverty Reduction Strategy Papers

(PRSPs), 21, 57, 60, 65, 69,

73n4, 93 procurement. See Country Procurement Assessment Reports

(CPARs)

programmatic and modular approach alternative approaches, 70t2 new framework for, 69/2, 73n6

recommendations for, xvii-xviii,

67-73

replacement of present instruments with streams of work,

PRSPs. See Poverty Reduction

Strategy Papers Public Expenditure and Financial Accountability (PEFA), viii mandate of, ix, 6n1, 53 on need to integrate World Bank assessment instruments,

study sponsored by, ix, 1 public expenditure management defined, 2

distinguished from public financial management, 2

fiduciary objectives related to, 11

good practices for (defined by Task Force on the Harmonization of Donor Practices), 57, 65, 103-12

link to effective development outcomes, 5

major components and subcomponents of, 27, 28b2

performance monitoring of,

65-66

Public Expenditure Management

Handbook (World Bank), 78 Public Expenditure Management

(PEM) Core Diagnostic, 24, 25t1

Public Expenditure Tracking Surveys (PETS), 24

public financial management distinguished from public expenditure management, 2

scope of, 112я1 public investment programs shortcomings of, 6я2 World Bank Public Investment Reviews, 4 public records management, lack of

coverage of, 46 purpose of study, 1, 2-3

quality control of assessments, 38,

52, 67, 73 good practices for, 108 Quality Assurance Group

review of CFAAs and

CPARs, 38, 43, 47я4, 48и6,

67, 81, 85 Quality Enhancement Reviews

(QERs), 67, 73 questionnaires and checklists, use

of, 23-24, 25*1, 37, 43, 68 good practices and, 112*A2.1 for public records management,

for SIGMA assessment of audit institutions, 98

recommendations, xiv-xviii,

49-74

assessing of assessors, xvi-xvii,

66-67

follow-up and performance monitoring, 65-66

institutional and governance considerations, xvi, 63-65

integration, coordination, and cooperation to be improved, xiv-xvi, 49-63

See also integration and coordination

programmatic and modular approach to be developed, xvii-xviii, 67-73 records management

See also accounting, reporting,

and external audit lack of coverage of, 46 reporting. See accounting, reporting, and external audit risk, 10-12 Romania, 96

Rome Declaration on Harmonization (2003), viii

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

(Fiscal ROSCs)

rule of law, application of, 33-34

SIGMA. See EC and OECD Support for Improvement in Governance and Management in Central and Eastern Europe

similarities. See duplication and

similarities of instruments Slovak Republic, 96 Slovenia

baseline assessments for, 96 peer reviews of supreme audit

institutions, 97 state and local fiscal issues, lack of

coverage of, 46 Strategic Partnership with Africa

(SPA), 50-51, 82

study

coverage of, 34-35 methodology of, 27-34 purpose of, 1, 2-3