BLOGS
Six reasons why fiscal councils can help create sustainable public finance in the post-pandemic world
Submitted by : Kandarp Patel, Srinivas Gurazada, World Bank
Fiscal discipline is critical for a resilient recovery in a post-COVID world , especially in developing countries. Public Expenditure and Financial Accountability (PEFA), the global framework for assessing Public Financial Management (PFM) performance, emphasizes the importance of macroeconomic forecasts and fiscal policies as the foundation for...
Five tools for reducing corruption during COVID-19
Submitted by : Warren Krafchik, Leslie Lang Tsai, World Bank
Just as the global pandemic has illuminated the vulnerabilities in our health, economic, and education systems, it is shining a spotlight on the gaps, gaffes, and weaknesses in the management of public...
Government accounting at crossroads: Emerging opportunities during COVID-19
Submitted by : Ed Olowo-Okere, World Bank
Government accounting and financial reporting are at a crossroads today. Providing information on how much cash is received into treasuries and paid out for goods, services and transfers is not...
Can PPP help cash-starved governments in boosting infrastructure?
Submitted by : Dr. Gurbandini Kaur, All India Management Association
Global Procurement Summit 2021 organized by All India Management Association with support of Ministry of Finance, Government of India, the World Bank and the Asian Development Bank gave platform for discussion and exchange of ideas between senior officials engaged in public procurement at central and state public entities and the key bidding...
How can we measure productivity in the public sector?
Submitted by : Ravi Somani, World Bank
In most economies, the public sector is a major purchaser of goods, services and labor. According to the Worldwide Bureaucracy Indicators, globally the public sector accounts for around 25% of GDP and 38% of formal...
Four GovTech solutions to improve quality of government budget execution in a post-COVID-19 world
Submitted by : Srinivas Gurazada, Khuram Farooq, World Bank
The recently released 2020 Global Report on Public Financial Management (PFM) by the Public Expenditure and Financial Accountability (PEFA) initiative finds that countries do better in preparing their budgets than implementing...
Disruptive technologies can provide developing countries with a pathway to revamp their public procurement processes
Submitted by : Blandine Wu Chebili, Hunt La Cascia, World Bank
Efficient and appropriate public procurement facilitates trade and promotes economic growth. However, the integrity, transparency, and efficiency of public spending has increasingly become a focus of wider public attention and...
Procurement Adjusting to New Realities: Automation, AI/ ML
Submitted by : Dr. Gurbandini Kaur, All India Management Association
Global Procurement Summit 2021 organized by All India Management Association with support of Ministry of Finance, Government of India, the World Bank and the Asian Development Bank gave platform for discussion and exchange of...