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  • Medium-Term Focus for Short-Term Problem Solving

    The modern medium-term and policy-based budgeting system was invented in the 1970s in Australia. It started with the use of internal medium-term fiscal forecasts of revenues and costs of existing policies. Political events then allowed these internal forecasts to transform into baselines and be published as estimates for annual appropriations

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  • The Arab World Must Invest In Its Greatest Asset – Young People

    As 2016 ends, the Arab world find itself witnessing battles in the ancient cities of Mosul and Aleppo, with uncertain futures for Iraq, Syria, Yemen, Libya – and those are just the countries with active armed conflicts. Other parts of the region face the challenges of economic stagnation or internal unrest. And still, we must.. Read more

  • Who Cares About Development Risk?

    A general view appears to be that development and fiduciary risks are “two sides of the same coin and cannot be usefully be separated”. This Development Practice Note argues that they are different, and that focusing on development risk and recognizing the trade-offs between development and fiduciary risk can result in far more cost-effective aid.

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  • The Consequences of Donor-Induced Fragmentation

    Donor-induced fragmentation of public financial management systems reduces reputation risk, but it unambiguously increases development risk – the longer-term risk of not achieving development objectives. This Development Practice Note proposes a four-part solution for dealing with this risk.

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  • What Determines the Quality of Public Finance Systems?

    Why do some ministries of finance around the world consistently deliver good results, while others cannot make much progress? This Development Practice Note looks at the three most common answers to that question, and explains why only one is correct.

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  • What is Team-Based Performance Management and How Does it Work?

    When a government adopts a team-based performance management approach, it sends the powerful message that the state values institutional culture as the primary determinant of performance. This Development Practice Note explains how a team-based approach can improve performance and efficiency across government, with a focus on its use in Ministries of Finance.

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  • Singapore: Evolution of an Entrepot

    Singapore has undergone a remarkable transition since gaining statehood. ISE examines the sequence of priorities and drivers fueling its economic growth from a post-colonial city into a center of industry and trade.

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