Dominica : Country Financial Accountability Assessment

Over the past five years, Dominica has experienced rising fiscal deficits and increasing debt levels, associated mainly with slow adjustment to declining growth rates, and an increase in commercial borrowing to finance public investments. In an eff...

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Main Author:	World Bank
Format:	Country Financial Accountability Assessment
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY
Online Access:	http://documents.worldbank.org/curated/en/2004/07/5348795/dominica-country-financial-accountability-assessment http://hdl.handle.net/10986/14506

id	okr-10986-14506
recordtype	oai_dc
spelling	okr-10986-145062021-04-23T14:03:18Z Dominica : Country Financial Accountability Assessment World Bank ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY Over the past five years, Dominica has experienced rising fiscal deficits and increasing debt levels, associated mainly with slow adjustment to declining growth rates, and an increase in commercial borrowing to finance public investments. In an effort to stabilize the economy, the government entered into a Standby Arrangement with the IMF in late August 2002. The implementation of the stabilization program under this agreement was intended to achieve a reduction in the government's deficit and to eliminate all domestic arrears by the end of FY2003, however performance to date has been questionable. With the IMF Standby Arrangement in place, the rules governing financial management are key to ensure that government spending remains within the fiscal constraints currently facing the economy. In tandem with this program, Dominica has requested technical and financial assistance from the World Bank in the form of an Economic Recovery Support Operation (ERSO). This operation, currently under preparation, would support the government's effort to regain economic sustainability and promote growth while mitigating the impacts of adjustment and protecting past social gains. 2013-07-23T21:47:32Z 2013-07-23T21:47:32Z 2004-07-12 http://documents.worldbank.org/curated/en/2004/07/5348795/dominica-country-financial-accountability-assessment http://hdl.handle.net/10986/14506 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 Latin America & Caribbean Dominica
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	ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY
spellingShingle	ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY World Bank Dominica : Country Financial Accountability Assessment
geographic_facet	Latin America & Caribbean Dominica
description	Over the past five years, Dominica has experienced rising fiscal deficits and increasing debt levels, associated mainly with slow adjustment to declining growth rates, and an increase in commercial borrowing to finance public investments. In an effort to stabilize the economy, the government entered into a Standby Arrangement with the IMF in late August 2002. The implementation of the stabilization program under this agreement was intended to achieve a reduction in the government's deficit and to eliminate all domestic arrears by the end of FY2003, however performance to date has been questionable. With the IMF Standby Arrangement in place, the rules governing financial management are key to ensure that government spending remains within the fiscal constraints currently facing the economy. In tandem with this program, Dominica has requested technical and financial assistance from the World Bank in the form of an Economic Recovery Support Operation (ERSO). This operation, currently under preparation, would support the government's effort to regain economic sustainability and promote growth while mitigating the impacts of adjustment and protecting past social gains.
format	Economic & Sector Work :: Country Financial Accountability Assessment
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Dominica : Country Financial Accountability Assessment
title_short	Dominica : Country Financial Accountability Assessment
title_full	Dominica : Country Financial Accountability Assessment
title_fullStr	Dominica : Country Financial Accountability Assessment
title_full_unstemmed	Dominica : Country Financial Accountability Assessment
title_sort	dominica : country financial accountability assessment
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/07/5348795/dominica-country-financial-accountability-assessment http://hdl.handle.net/10986/14506
_version_	1764428689210081280

Dominica : Country Financial Accountability Assessment

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