Search Results

You are looking at 1 - 10 of 56 items for :

  • "procurement standard" x
Clear All
International Monetary Fund
This report assesses the Observance of Standards and Codes on Fiscal Transparency Module for Honduras. Honduras has made good progress in recent years in improving fiscal transparency and the quality and internal consistency of fiscal data. The budget documentation has recently been improved and gives more complete information on the government’s fiscal activity in the framework of appropriate institutional, economic, and programmatic classifications. Recent quarterly and monthly reports make it possible to monitor financial execution of the budget and physical execution of investment projects.
International Monetary Fund. European Dept.

) capacity building. Procurement (Standard deviations from the mean, higher=better) Sources: World Bank BPP and Benchmarking PPPs (2017) and IMF staff calculations. Range: 190+ countries. Note: There is so me uncertainty around Moldova’s point estimates. Public Investment Management (further from center=better) 24. There is room for improving fiscal transparency . Moldova performs above average in a cross-country comparison of fiscal transparency indicators covering several aspects of fiscal reporting (Public Expenditure and Financial

International Monetary Fund. Asia and Pacific Dept

assets and any weakness in its governance structure will have an important impact on the overall economy. SOEs should comply with government procurement standards. There should be a level playing field with the private sector in terms of tendering, competition policies, and disclosure. The privatization process should move ahead as a way of encouraging competition and best standards in corporate governance. Allowing foreign participation would help in this regard. 13. The government’s special funds’ need greater attention as these have raised substantial

Mr. Dieter Bös

, D. , “ Privatization in East Germany ,” in : V. Tanzi , ed . Transition to Market ( 1993 a), International Monetary Fund , ( Washington ). Bös , D. , , “ Privatization in Europe: A Comparison of Approaches ,” Oxford Review of Economic Policy , Vol. 9 , No. 1 ( 1993 b), pp. 95 – 111 . Bös , D. , , and C. Lülfesmann , “ Incomplete Contracts in Public Procurement: Standard Versus Innovative Goods ,” University of Bonn , Discussion Paper A – 481 , ( 1995 ). Bös , D. , , “ The Hold-up Problem in Government Contracting

International Monetary Fund. African Dept.

commitment to strengthen debt management and moderate the amount of new borrowing . The Inter-Ministerial Debt Committee should play an active role in strengthening institutional coordination and streamlining debt approval processes. In addition, the committee should continue to be actively involved in the evaluation of PPP contracts to ensure they are in line with procurement standards, the government borrowing plan, and debt sustainability. Staff advises the government to refrain from signing new PPP contracts until a new legal framework for PPP is established

Yongzheng Yang and Miss Nkunde Mwase

, traditional donors are now paying more attention to budget controls and internal audit and procurement standards ( Easterly et al. , 2004 ; Roodman, 2006; and Schiere, 2010 ). 19 The traditional donors have emphasized the importance of harmonization and coordination to improve aid effectiveness and efficiency. Through the Paris Declaration and Accra Agenda for Action, the traditional donors have committed to a framework for development assistance involving country-owned systems (for recipients), the untying of aid and reducing the number of project implementation units

International Monetary Fund. European Dept.
This Selected Issues paper provides a systematic assessment of Moldova’s governance and institutional frameworks. It follows guidelines approved by the IMF executive board, which were developed to deliver systematic and even-handed analysis on macroeconomically critical governance and institutional vulnerabilities. This paper also focuses on seven key areas for IMF engagement: corruption, rule of law, regulatory framework, fiscal governance, financial sector oversight, anti-money laundering/combating the financing of terrorism, and central bank governance. The analysis is based on internationally comparable data, diagnosis from IMF technical assistance reports, as well as other expert assessments. Strengthening the judiciary and rule of law and accelerating state-owned enterprises (SOE) reform are clear priorities. The widespread nature of governance vulnerabilities and institutional weaknesses in Moldova, combined with capacity constraints, creates challenges for policy formulation and prioritization. Policy efforts should therefore focus on strengthening rule of law and reforming Moldova’s judiciary system, as well as building capacity and increasing the autonomy of key institutions. Steadfast SOE reform would foster competition, investment, and productivity, while reducing fiscal risks.