Public Sector Governance and Accountability Series

Local Public Financial Management edited by Anwar Shah

 

 

Description /  Contents / Reviews / Full Text (PDF 1.30 mb) 

 

The practice of public financial management is now considered critical in combating corruption, alleviating poverty, and ensuring the effective use of internal and external resources. This volume aims to bring guidance on better practices in public financial management to the attention of policy makers and practitioners in developing countries with a view to reforming existing systems.

 

The volume provides an overview of local government financial accounting and reporting. Better practices incase management are documented. The use of transparent procurement processes to mitigate corruption is elaborated. Practical guidance is imparted on how and when to use debt, how to assess debt affordability, what debt to use, how to issue debt, and how to manage debt. The use of internal controls and audits to ensure efficiency and integrity is highlighted. The role of external audit in combating corruption is also discussed, and audit methods to detect corruption are presented.

 

The volume represents a collaborative effort of the Swedish International Development Cooperation Agency and the World Bank Institute to support reform of the public expenditure management and financial accountability systems in developing countries, especially in Africa. We hope policy makers and practitioners will find this volume to be a useful tool in guiding their reform efforts.