Public Financial Management

DEBT SUSTAINABILITY ANALYSIS (April 18 – 22, 2016)

Low-income countries (LICs) face significant challenges in meeting their development objectives, including efforts to fill the infrastructure gap and undertake needed social spending to address high poverty levels and inequalities, while at the same time ensuring that their external debt remains sustainable.

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Improving Fiscal Reporting In Developing Countries using International Public Sector Accounting Standards (IPSAS) – (Nov 30 – Dec 04, 2015)

In recent years, the global financial crisis has highlighted significant gaps and weaknesses in public sector accounting practices and underscored the need for more comprehensive, reliable, and timely financial and fiscal reporting by governments. These concerns were echoed by the G-20 at their meeting in Moscow in February 2013, when they called on the IMF, World Bank, and OECD to work to improve the transparency and comparability of public sector financial reporting.

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Strengthening Fiscal Frameworks and PFM Systems for Managing Natural Resource Wealth – (September 21-25, 2015)

In recent years, a number of sub-Saharan African countries have made natural resource discoveries or seen already known natural resources gain in importance. This creates both opportunities and challenges to the economic and social development of the AFS region. The potential income streams and enhancements to net worth make it possible for countries to generate additional resources to undertake investment in human and physical capital that will improve economic growth potential and reduce poverty.

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FRAMEWORKS FOR THE MANAGEMENT OF FISCAL RISKS-(April 27 – 30 , 2015)

AFS countries continue to reform their PFM systems to enhance the predictability of fiscal outcomes. However, despite these efforts, sizeable, unexpected fiscal outcomes (i.e., the materialization of fiscal risks) still occur, endangering the stability and sustainability of public finances, and the achievement of intended economic and social results.

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