How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?
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Summary:
Treasury systems in sub-Saharan francophone African countries share many features with the French public expenditure management system of the sixties on which they were modeled. However, in a different economic and institutional environment, key elements of this framework have evolved in unexpected, unwelcome directions. This paper critically examines two main features of the French system in the sub-Saharan francophone African context: the strict separation between the person ordering payment and the one disbursing funds, and the centralization of funds in the treasury. This examination calls attention to—and suggests remedies for—the specific flaws that have evolved from the traditional framework.
Series:
Working Paper No. 2002/058
Subject:
Arrears Budget execution and treasury management Budget planning and preparation Currencies Expenditure External debt Money Public financial management (PFM)
English
Publication Date:
March 1, 2002
ISBN/ISSN:
9781451847871/1018-5941
Stock No:
WPIEA0582002
Pages:
36
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