Country Financial Accountability Assessments and Country Procurement Assessment Reports : How Effective Are World Bank Fiduciary Diagnostics?

Country Financial Accountability Assessments and Country Procurement Assessment Reports : How Effective Are World Bank Fiduciary Diagnostics?

World Bank analysis of a country's public financial management system is typically undertaken both to help the client country strengthen its system and to safeguard funds that the Bank provides against misuse, and is an important component of...

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Bibliographic Details
Main Author:	World Bank
Format:	Integrated Fiduciary Assessment
Language:	English
Published:	Washington, DC 2012
Subjects:	ABUSE ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTABILITY ARRANGEMENTS ACCOUNTING ACCOUNTING SYSTEMS ACCRUAL ACCOUNTING ACCRUAL ACCOUNTING SYSTEMS ACTION PLAN ACTION PLANS ADB ADMINISTRATIVE BURDEN ADMINISTRATIVE SUPPORT ALLOCATION ALLOCATION OF RESOURCES ANNUAL REPORTS ANTICORRUPTION ANTICORRUPTION STRATEGY APPLICATIONS AUDIT COMMITTEE AUDIT OFFICE AUDITORS AUDITS BANK LENDING BANK LOAN BANK PORTFOLIO BIDDING BORROWER BORROWING BUDGET ACCOUNTS BUDGET CYCLE BUDGET DECISIONS BUDGET PREPARATION BUDGET SUPPORT BUDGET SUPPORT OPERATIONS BUSINESS PLANNING CAPACITY BUILDING CAPACITY CONSTRAINTS CAPACITY ENHANCEMENT CAPACITY-BUILDING CAS CASH RATIONING CIVIL LIBERTIES CIVIL SERVANTS CIVIL SERVICE CIVIL SERVICE REFORM CLIENT SYSTEMS COMPETITIVE BIDDING COMPETITIVENESS CONTRIBUTION CONTRIBUTIONS CORRUPT CORRUPT PRACTICES CORRUPTION COUNTERPART FUNDS COUNTRY ASSISTANCE STRATEGIES COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT COUNTRY RISKS COVERAGE CUSTOMS DECISION-MAKING DECISION-MAKING AUTHORITY DELIVERY OF SERVICES DESIGN OF RISK MITIGATION PLANS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DIAGNOSTIC INSTRUMENTS DIAGNOSTIC PRODUCTS DIAGNOSTIC WORK DONOR AGENCIES DONOR ASSISTANCE DONOR COLLABORATION E-PROCUREMENT ECONOMIC COOPERATION ECONOMIC MANAGEMENT EFFECTIVENESS OF PUBLIC SPENDING ETHICS EVALUATION METHODOLOGY EXPENDITURE MANAGEMENT EXPENDITURE POLICIES EXTERNAL AUDIT EXTERNAL AUDITS FIDUCIARY FIDUCIARY ASSESSMENT FIDUCIARY OBLIGATIONS FIDUCIARY RESPONSIBILITY FIDUCIARY RISK FIDUCIARY WORK FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTABILITY SYSTEMS FINANCIAL ADMINISTRATION FINANCIAL ARRANGEMENTS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DISCIPLINE FISCAL POLICY FISCAL POSITION FLEXIBILITY FOREIGN AFFAIRS GOOD GOVERNANCE GOVERNANCE ISSUES GOVERNMENT EXPENDITURES HARMONIZATION HIPC IMPLEMENTATION COMPLETION REPORT INCOMES INSTRUMENT INTEGRITY INTERMEDIATE OUTCOMES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNAL CONTROLS INTERNATIONAL DEVELOPMENT INVESTIGATORS INVESTMENT PROGRAMS INVESTMENT PROJECTS ISSUANCE KNOWLEDGE BASE LAWS LEADERSHIP LEARNING LEGAL FRAMEWORK LEGISLATION LENDING INSTRUMENTS LOAN LOAN PROCEEDS MACROECONOMIC POLICIES MANDATES MEDIA MONETARY FUND MONITOR PERFORMANCE MULTILATERAL AGENCIES MULTILATERAL DEVELOPMENT BANKS NATIONAL AUDIT NETWORKS NGO NONGOVERNMENTAL ORGANIZATIONS OPERATIONAL RISKS OUTCOME INDICATORS PEER REVIEW PERFORMANCE AGREEMENTS PERFORMANCE FRAMEWORK PERFORMANCE INDICATORS PERFORMANCE MEASUREMENT PORTFOLIO POVERTY REDUCTION PRIVATE SECTOR PROCUREMENT PROCUREMENT ASSESSMENTS PROCUREMENT OF GOODS PROCUREMENT POLICIES PROCUREMENT SYSTEMS PROGRAMS PUBLIC ADMINISTRATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE ANALYSIS PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURE SYSTEMS PUBLIC EXPENDITURE TRACKING PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR BUDGETING PUBLIC SERVICES QUALITY ASSURANCE REFORM STRATEGY REMEDIES RESOURCE CONSTRAINTS RESPONSIBILITIES RESULT RESULTS REVENUE POLICY RISK ANALYSIS RISK ASSESSMENT RISK ASSESSMENTS RISK MITIGATION SANCTIONS SAP SAVINGS SENIOR SOCIAL EXPENDITURE STAKEHOLDER STAKEHOLDERS STANDARD FORMAT STATED OBJECTIVE STATED OBJECTIVES SUPERVISION SUPPORT PROGRAMS TECHNICAL ASSISTANCE TRAINING PROGRAM TRAINING PROGRAMS TRANSACTIONS COSTS TRANSPARENCY USES VOLUME OF EXPENDITURE WEB WEB PAGE
Online Access:	http://documents.worldbank.org/curated/en/2008/04/9543294/country-financial-accountability-assessments-country-procurement-assessment-reports-effective-world-bank-fiduciary-diagnostics http://hdl.handle.net/10986/8120

Description
Summary:	World Bank analysis of a country's public financial management system is typically undertaken both to help the client country strengthen its system and to safeguard funds that the Bank provides against misuse, and is an important component of fiduciary diagnostics. The Bank's instruments for such analysis have generally been relevant; the resulting diagnostics have been of satisfactory quality and have fostered reform agendas in client countries. Country Financial Accountability Assessments (CFAAs) have contributed substantially, and Country Procurement Assessments Reports (CPARs) modestly, to development outcomes in a sample of 10 countries examined. Client consultation and donor collaboration in the preparation of CFAAs and CPARs have been increasing, but internal Bank coordination among the three sets of units dealing with public financial management has lagged, resulting in fragmented action plans for clients. Both instruments have had a more limited effect on managing risks to Bank assistance, owing to the lack of a sound analytical framework for assessing fiduciary risks and of associated guidance on how identified risks should be reflected in the design of country assistance strategies. The evaluation recommends: (i) ensuring that fiduciary instruments use an integrated risk analytical framework that includes a common approach to defining fiduciary risk; (ii) issuing revised guidelines along with implementing an integrated training program for relevant staff; and (iii) supporting the client in preparing a single integrated, prioritized, costed, and monitorable set of actions within an agreed framework for Public Financial Management (PFM) reform.