Title Public finance and economic growth in developing countries : lessons from Ethiopia's reforms / Stephen B. Peterson

Published New York, NY : Routledge, 2015

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Description 1 online resource Series Routledge Studies in Development Economics Routledge studies in development economics. Contents Cover; Title Page; Copyright Page; Dedication; Table of Contents; List of illustrations; List of tables; Foreword; Preface; List of acronyms; Part I Understanding public financial management reform; 1 The Ethiopian public finance reform-a case study for Yichalal!; A case study; Achievements of Ethiopia's reform; Not one reform but many; Against the odds; Why the reform succeeded; The origins of the reform; The purpose of this book; Three frameworks of reform; The structure of the book; The tar pit of public financial reform; 2 The drivers of public sector reform; Context of the reform The discretionary drivers: ownership, purpose, strategyConclusion; 3 The necessary conditions for a successful financial reform; The first condition: trust; The second condition: need; The third condition: help; The fourth condition: urgency; Plus, luck; Conclusion; Appendix 3.1: CSR task force recommendations (and codes) for the expenditure management and control program; Part II The Ethiopian reform; 4 The budget reform: toning up tradition; PHASE 1: TRANSLATION; The flawed CSRP recommendations for budget reform; Alignment of roles in the translation phase of the reform PHASE 2: DEVELOPMENT-cooks, kitchens, and the coherence of reformsDoing the right thing: the design of the budget reform; The process of designing the budget reform: working with the budget reform team; The alignment of roles in the development phase; PHASE 3: PILOT; A two-track pilot design; Delivering the Track 2 pilot; Lessons learned from the pilot phase; PHASE 4: ROLLOUT; Location and scope of the rollout; Analysis of the PFA reform rollout across the big four in terms of the COPS drivers; PFA reform outside the big four Lessons learned from the budget reform: doing the right thing right5 The accounts reform: against all odds; Phase 1 of accounts reform: translation (design); Phase 2 of accounts reform: development; Phase 3 of the accounts reform: pilot; Phase 4 of the accounts reform: rollout; Overview of the accounts reforms in the regions; An eleventh-hour assignment; Lessons from the accounts reform; 6 Financial information systems: supporting, not driving, reform; Ethiopia's FIS in 1996; The DSA project's FIS strategy; Assessing the performance of IBEX; Lessons from the FIS reform A word to project managers of PFA/M reformAppendix 6.1: Technical features of the Integrated Budget Expenditure (IBEX) system, Ethiopia's IFMIS; Appendix 6.2: The automated financial functions provided by the IBEX system; 7 The planning reform: from financial administration to financial management; What is a planning reform?; Background on Ethiopia's planning reform; Developing the federal and the regional planning reforms; The eight planning reforms at the federal and regional tiers; Challenges to the planning reform; Vindication; Conclusion Summary Public finance is crucial to a country's economic growth, yet successful reform of public finances has been rare. Ethiopia is an example of a country that undertook comprehensive reform of its core financial systems, independent of the IMF and the World Bank, and successfully transformed itself into one of the fastest-growing economies in Africa. With Ethiopia's twelve-year reform as its guiding case study, this book presents new analytical frameworks to help governments develop better financial reforms. It shows in detail how four core financial systems-budgeting, accounting, planning, and fin Bibliography Includes bibliographical references and index Notes Online resource; title from PDF title page (EBSCO, viewed April 29, 2015) Subject Finance, Public -- Ethiopia -- Management Fiscal policy -- Ethiopia Economic development -- Ethiopia -- 21st century BUSINESS & ECONOMICS -- Public Finance. Economic development Economic policy Finance, Public -- Management Fiscal policy SUBJECT Ethiopia -- Economic policy -- 21st century Subject Ethiopia Form Electronic book ISBN 9781317532743 1317532740

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