Malawi : Country Financial Accountability Assessment

In recent times, the Government of Malawi has undertaken various initiatives to strengthen the country's financial accountability framework. These include the following: A Medium-Term Expenditure Framework (MTEF) introduced progressively since...

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Bibliographic Details
Main Author: World Bank
Format: Country Financial Accountability Assessment
Language:English
en_US
Published: Washington, DC 2013
Subjects:
DLG
Online Access:http://documents.worldbank.org/curated/en/2003/09/2621561/malawi-country-financial-accountability-assessment
http://hdl.handle.net/10986/14342
id okr-10986-14342
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTABILITY
ACCOUNTANCY
ACCOUNTANTS
ACCOUNTING
ACCOUNTING PRACTICES
ACCOUNTING RECORDS
ACCOUNTING SYSTEMS
ADMINISTRATIVE PROCEDURES
AUDIT COMMITTEES
AUDIT DEPARTMENTS
AUDIT REPORTS
AUDIT STRATEGY
AUDITING
AUDITING STANDARDS
AUDITORS
AUDITS
AUTHORITY
AUTHORIZATION
BANK ACCOUNTS
BOARDS OF DIRECTORS
BUDGET EXECUTION
BUDGET IMPLEMENTATION
BUDGET MANAGEMENT
BUDGET PROCESS
BUDGET SYSTEM
BUDGETING
CAPITAL MARKETS
CENTRAL GOVERNMENT
COMMERCIAL BANKS
CONSOLIDATION
CONSTITUTION
CORPORATE GOVERNANCE
COST RECOVERY
DEBT
DECENTRALIZATION
DEVOLUTION
DISCLOSURE
DLG
ENTERPRISE REFORM
EXECUTION
FINANCIAL ACCOUNTABILITY
FINANCIAL CONTROL
FINANCIAL INFORMATION
FINANCIAL MANAGEMENT
FINANCIAL PERFORMANCE
FINANCIAL REPORTING
FINANCIAL RISK
FINANCIAL SECTOR
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FINANCIAL SYSTEMS
FISCAL
FISCAL DISCIPLINE
FISCAL MANAGEMENT
GOVERNMENT ACCOUNTABILITY
GOVERNMENT ACCOUNTING
GOVERNMENT AUDITING
GOVERNMENT FINANCE
GOVERNMENT LEVELS
GOVERNMENT SPENDING
GOVERNMENTAL ORGANISATIONS
INSTITUTIONAL FRAMEWORK
INSURANCE
INTERNAL AUDIT
INTERNAL AUDIT FUNCTION
INTERNAL AUDITORS
INTERNAL CONTROLS
LEGAL FRAMEWORK
LEGISLATION
LEGISLATIVE FRAMEWORK
LOCAL GOVERNMENT
LOCAL GOVERNMENT ACCOUNTABILITY
LOCAL GOVERNMENT FINANCE
LOCAL GOVERNMENTS
MANDATES
MEMBERS OF PARLIAMENT
MINISTERS
MINISTRY OF FINANCE
PARASTATALS
PAYROLL
PEER REVIEW
PENALTIES
PRIVATE SECTOR
PRIVATE SECTOR PARTICIPATION
PRIVATISATION
PROCUREMENT
PROVISIONS
PUBLIC ACCOUNTANTS
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE MANAGEMENT
PUBLIC EXPENDITURE REVIEW
PUBLIC EXPENDITURES
PUBLIC FINANCE
PUBLIC FINANCE MANAGEMENT
PUBLIC FUNDS
PUBLIC SECTOR
PUBLIC SECTOR ACCOUNTING
PUBLIC SERVICE
REGULATORY BODY
REGULATORY FRAMEWORK
RESOURCE ALLOCATIONS
TRANSPARENCY
TREASURY
UNFUNDED MANDATES
VOTING FINANCIAL ACCOUNTABILITY
PUBLIC SECTOR
PRIVATE SECTOR
DONORS
FIDUCIARY RESPONSIBILITIES
INSTITUTIONAL FRAMEWORK
LEGAL FRAMEWORK
BUDGET EXECUTION
EXPENDITURE ANALYSIS
RESOURCE ALLOCATION PROCESSES
POVERTY REDUCTION OBJECTIVES
FINANCIAL MANAGEMENT SYSTEMS
DECENTRALIZATION OBJECTIVES
DEVELOPMENT ACTION PLANS
INTERNAL AUDIT
PROCUREMENT
NONGOVERNMENTAL ORGANIZATION
spellingShingle ACCOUNTABILITY
ACCOUNTANCY
ACCOUNTANTS
ACCOUNTING
ACCOUNTING PRACTICES
ACCOUNTING RECORDS
ACCOUNTING SYSTEMS
ADMINISTRATIVE PROCEDURES
AUDIT COMMITTEES
AUDIT DEPARTMENTS
AUDIT REPORTS
AUDIT STRATEGY
AUDITING
AUDITING STANDARDS
AUDITORS
AUDITS
AUTHORITY
AUTHORIZATION
BANK ACCOUNTS
BOARDS OF DIRECTORS
BUDGET EXECUTION
BUDGET IMPLEMENTATION
BUDGET MANAGEMENT
BUDGET PROCESS
BUDGET SYSTEM
BUDGETING
CAPITAL MARKETS
CENTRAL GOVERNMENT
COMMERCIAL BANKS
CONSOLIDATION
CONSTITUTION
CORPORATE GOVERNANCE
COST RECOVERY
DEBT
DECENTRALIZATION
DEVOLUTION
DISCLOSURE
DLG
ENTERPRISE REFORM
EXECUTION
FINANCIAL ACCOUNTABILITY
FINANCIAL CONTROL
FINANCIAL INFORMATION
FINANCIAL MANAGEMENT
FINANCIAL PERFORMANCE
FINANCIAL REPORTING
FINANCIAL RISK
FINANCIAL SECTOR
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FINANCIAL SYSTEMS
FISCAL
FISCAL DISCIPLINE
FISCAL MANAGEMENT
GOVERNMENT ACCOUNTABILITY
GOVERNMENT ACCOUNTING
GOVERNMENT AUDITING
GOVERNMENT FINANCE
GOVERNMENT LEVELS
GOVERNMENT SPENDING
GOVERNMENTAL ORGANISATIONS
INSTITUTIONAL FRAMEWORK
INSURANCE
INTERNAL AUDIT
INTERNAL AUDIT FUNCTION
INTERNAL AUDITORS
INTERNAL CONTROLS
LEGAL FRAMEWORK
LEGISLATION
LEGISLATIVE FRAMEWORK
LOCAL GOVERNMENT
LOCAL GOVERNMENT ACCOUNTABILITY
LOCAL GOVERNMENT FINANCE
LOCAL GOVERNMENTS
MANDATES
MEMBERS OF PARLIAMENT
MINISTERS
MINISTRY OF FINANCE
PARASTATALS
PAYROLL
PEER REVIEW
PENALTIES
PRIVATE SECTOR
PRIVATE SECTOR PARTICIPATION
PRIVATISATION
PROCUREMENT
PROVISIONS
PUBLIC ACCOUNTANTS
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE MANAGEMENT
PUBLIC EXPENDITURE REVIEW
PUBLIC EXPENDITURES
PUBLIC FINANCE
PUBLIC FINANCE MANAGEMENT
PUBLIC FUNDS
PUBLIC SECTOR
PUBLIC SECTOR ACCOUNTING
PUBLIC SERVICE
REGULATORY BODY
REGULATORY FRAMEWORK
RESOURCE ALLOCATIONS
TRANSPARENCY
TREASURY
UNFUNDED MANDATES
VOTING FINANCIAL ACCOUNTABILITY
PUBLIC SECTOR
PRIVATE SECTOR
DONORS
FIDUCIARY RESPONSIBILITIES
INSTITUTIONAL FRAMEWORK
LEGAL FRAMEWORK
BUDGET EXECUTION
EXPENDITURE ANALYSIS
RESOURCE ALLOCATION PROCESSES
POVERTY REDUCTION OBJECTIVES
FINANCIAL MANAGEMENT SYSTEMS
DECENTRALIZATION OBJECTIVES
DEVELOPMENT ACTION PLANS
INTERNAL AUDIT
PROCUREMENT
NONGOVERNMENTAL ORGANIZATION
World Bank
Malawi : Country Financial Accountability Assessment
geographic_facet Africa
Malawi
description In recent times, the Government of Malawi has undertaken various initiatives to strengthen the country's financial accountability framework. These include the following: A Medium-Term Expenditure Framework (MTEF) introduced progressively since 1995 to develop a strategic approach to budgeting over the medium-term, to improve resource allocations in accordance with emerging poverty reduction priorities, and to integrate the investment and recurrent sides of the dual budget; A cash budget system introduced in 1996 as a temporary measure to increase fiscal discipline and which remains in place as the central tool for budget implementation. An Integrated Financial Management Information System (IFMIS) project initiated in 1996 with the objectives of providing timely and accurate financial information; providing a standardized integrated financial management reporting system for the Government of Malawi at various operational levels; providing the Accountant General with a Government-wide upgraded computerized accounting system; and improving and strengthening financial control; A review of the Finance and Audit Act, which sought to improve the legal and regulatory framework for financial management in the public sector. The review also sought to provide for the independence of the Auditor General; A development of the system of Local Government guided by a comprehensive Decentralization Implementation Plan, jointly appraised by the Government of Malawi and the donors in August 2000. In spite of the foregoing, a lot more needed to be done and a number of prioritized recommendations are highlighted in the Development Action Plan.
format Economic & Sector Work :: Country Financial Accountability Assessment
author World Bank
author_facet World Bank
author_sort World Bank
title Malawi : Country Financial Accountability Assessment
title_short Malawi : Country Financial Accountability Assessment
title_full Malawi : Country Financial Accountability Assessment
title_fullStr Malawi : Country Financial Accountability Assessment
title_full_unstemmed Malawi : Country Financial Accountability Assessment
title_sort malawi : country financial accountability assessment
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2003/09/2621561/malawi-country-financial-accountability-assessment
http://hdl.handle.net/10986/14342
_version_ 1764428187142455296
spelling okr-10986-143422021-04-23T14:03:17Z Malawi : Country Financial Accountability Assessment World Bank ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING SYSTEMS ADMINISTRATIVE PROCEDURES AUDIT COMMITTEES AUDIT DEPARTMENTS AUDIT REPORTS AUDIT STRATEGY AUDITING AUDITING STANDARDS AUDITORS AUDITS AUTHORITY AUTHORIZATION BANK ACCOUNTS BOARDS OF DIRECTORS BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET PROCESS BUDGET SYSTEM BUDGETING CAPITAL MARKETS CENTRAL GOVERNMENT COMMERCIAL BANKS CONSOLIDATION CONSTITUTION CORPORATE GOVERNANCE COST RECOVERY DEBT DECENTRALIZATION DEVOLUTION DISCLOSURE DLG ENTERPRISE REFORM EXECUTION FINANCIAL ACCOUNTABILITY FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEMS FISCAL FISCAL DISCIPLINE FISCAL MANAGEMENT GOVERNMENT ACCOUNTABILITY GOVERNMENT ACCOUNTING GOVERNMENT AUDITING GOVERNMENT FINANCE GOVERNMENT LEVELS GOVERNMENT SPENDING GOVERNMENTAL ORGANISATIONS INSTITUTIONAL FRAMEWORK INSURANCE INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITORS INTERNAL CONTROLS LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LOCAL GOVERNMENT LOCAL GOVERNMENT ACCOUNTABILITY LOCAL GOVERNMENT FINANCE LOCAL GOVERNMENTS MANDATES MEMBERS OF PARLIAMENT MINISTERS MINISTRY OF FINANCE PARASTATALS PAYROLL PEER REVIEW PENALTIES PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATISATION PROCUREMENT PROVISIONS PUBLIC ACCOUNTANTS PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FUNDS PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SERVICE REGULATORY BODY REGULATORY FRAMEWORK RESOURCE ALLOCATIONS TRANSPARENCY TREASURY UNFUNDED MANDATES VOTING FINANCIAL ACCOUNTABILITY PUBLIC SECTOR PRIVATE SECTOR DONORS FIDUCIARY RESPONSIBILITIES INSTITUTIONAL FRAMEWORK LEGAL FRAMEWORK BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS DECENTRALIZATION OBJECTIVES DEVELOPMENT ACTION PLANS INTERNAL AUDIT PROCUREMENT NONGOVERNMENTAL ORGANIZATION In recent times, the Government of Malawi has undertaken various initiatives to strengthen the country's financial accountability framework. These include the following: A Medium-Term Expenditure Framework (MTEF) introduced progressively since 1995 to develop a strategic approach to budgeting over the medium-term, to improve resource allocations in accordance with emerging poverty reduction priorities, and to integrate the investment and recurrent sides of the dual budget; A cash budget system introduced in 1996 as a temporary measure to increase fiscal discipline and which remains in place as the central tool for budget implementation. An Integrated Financial Management Information System (IFMIS) project initiated in 1996 with the objectives of providing timely and accurate financial information; providing a standardized integrated financial management reporting system for the Government of Malawi at various operational levels; providing the Accountant General with a Government-wide upgraded computerized accounting system; and improving and strengthening financial control; A review of the Finance and Audit Act, which sought to improve the legal and regulatory framework for financial management in the public sector. The review also sought to provide for the independence of the Auditor General; A development of the system of Local Government guided by a comprehensive Decentralization Implementation Plan, jointly appraised by the Government of Malawi and the donors in August 2000. In spite of the foregoing, a lot more needed to be done and a number of prioritized recommendations are highlighted in the Development Action Plan. 2013-07-01T22:14:21Z 2013-07-01T22:14:21Z 2003-09-15 http://documents.worldbank.org/curated/en/2003/09/2621561/malawi-country-financial-accountability-assessment http://hdl.handle.net/10986/14342 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Africa Malawi