A Public Financial Management Framework for Resources-Producing Countries

Author/Editor:

Jean-Luc Hélis ; Teresa Daban Sanchez

Publication Date:

March 1, 2010

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.

Series:

Working Paper No. 2010/072

Subject:

Budget planning and preparation Expenditure Fiscal law Fiscal policy Public financial management (PFM) Resource management in revenue administration Revenue administration

Frequency:

Quarterly

English

Publication Date:

March 1, 2010

ISBN/ISSN:

9781451982152/1018-5941

Stock No:

WPIEA2010072

Pages:

37

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