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IDB lending to budget oversight institutions

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  • Santiso, Carlos

Abstract

International financial institutions are showing a renewed interest in measures to enhance national budget management and strengthen the integrity of public finance in emerging economies. The role of national parliaments and supreme audit institutions in the governance of the budget and the accountability of public finances is being rediscovered. To strengthen the contribution these institutions make to the budget process, the Inter-American Development Bank (IDB); is providing them with multilateral loans whose potential remains unexplored and whose effectiveness could be improved. Besides increasing technical capacity and enhancing operational efficiency, second-stage reforms should enhance the governance of public finance and fiscal control by ensuring greater financial autonomy and political independence for supreme audit institutions and promoting more efficacious links between supreme audit institutions and parliamentary public accounts committees.

Suggested Citation

  • Santiso, Carlos, 2004. "IDB lending to budget oversight institutions," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
  • Handle: RePEc:ecr:col070:11029
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/11029
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    References listed on IDEAS

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    1. Kenneth A. Shepsle, 1999. "The polítical economy of state reform - political to the core," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(3).
    2. repec:idb:brikps:publication-detail,7101.html?id=4524 is not listed on IDEAS
    3. Kenneth A. Shepsle, 1999. "The polítical economy of state reform - political to the core," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(3), pages 39-56.
    4. W. Krafchik & J. Wehner, 1998. "The Role of Parliament in the Budgetary Process," South African Journal of Economics, Economic Society of South Africa, vol. 66(4), pages 242-255, December.
    5. Richard E. Messick, 2002. "Strengthening Legislatures : Implications from Industrial Countries," World Bank Publications - Reports 11354, The World Bank Group.
    6. Oecd, 2002. "Relations Between Supreme Audit Institutions and Parliamentary Committees," SIGMA Papers 33, OECD Publishing.
    7. Kuczynski, Pedro-Pablo & John Williamson (ed.), 2003. "After the Washington Consensus: Restarting Growth and Reform in Latin America," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 350, April.
    8. Nick Manning & Rick Stapenhurst, 2002. "Strengthening Oversight by Legislatures," World Bank Publications - Reports 11336, The World Bank Group.
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    1. Aurelia Ştefănescu & Eugeniu Ţurlea, 2013. "Dissemination Of Financial Information Into The Public Sector - An Approach From The View Of The Central Public Administration Entities From Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(15), pages 1-11.

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