The Challenge of Reforming Budgetary Institutions in Developing Countries

Richard Allen of the International Monetary Fund introduced his draft paper on reforming budgetary institutions in Developing Countries.

His presentation and draft paper answers three questions:

1. What are the main factors that determine the development of budgetary institutions over time?
2. What lessons can developing countries learn from the long experience of more advanced countries in reforming their budgetary institutions?
3. How can the international financial institutions (IFIs) and other providers of financial and technical support, facilitate the process of reform in developing countries—what adjustments are required to the approaches and models they currently apply?

Mr. Allen presented the case for changing the current approached and models applied by IFIs.

3661767 - Sequencing Paper, July 2008 Version - 5 - DMSDR1S

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