A major element of the persistent fiscal imbalances in Guinea-Bissau is the relatively low level of revenue compared with other sub-Saharan African (SSA) countries. Fiscal revenues, including grants, trended downward significantly in Guinea-Bissau from 1991 through 2005, especially during the...

This study reviews selected issues on investor protection and corporate governance in Australia, and concludes that the corporate governance framework for Australian-listed companies is largely healthy and dynamic. Shareholder activism is an important element of corporate governance because it...

This paper reviews the joint advice of the staffs of the World Bank and the International Monetary Fund on the Interim Poverty Reduction Strategy Paper (I-PRSP). This I-PRSP outlines the main areas envisaged to reduce poverty and the measures for the implementation of the full Poverty Reduction...

The Growth and Social Protection Strategy (GSPS) attaches great importance to the promotion of economic growth and job creation, given the nature of poverty in Dominica. The GSPS also stresses that existing health and education programs are essential to foster growth in the medium and long...

This Joint Staff Advisory Note discusses the Poverty Reduction Strategy Progress (PRSP) Reports for Serbia and Montenegro. Although the strong economic growth in recent years in Serbia has improved average living standards, the reports note that its impact on poverty reduction remains...

The Joint Staff Advisory Note on Honduras’s Poverty Reduction Strategy Paper Second Annual Progress Report is presented. The framework, which is consistent with the government’s economic program being supported by the Poverty Reduction and Growth Facility arrangement, aims at...

This Joint Staff Advisory (JSA) Note examines the Poverty Reduction Strategy Paper (PRSP) Progress Report for Armenia. Overall, the Progress Report provides evidence of stronger-than-anticipated poverty reduction and economic performance, improvement in the labor market, and a number of other...

In the past decade, developing countries (DCs) have been encouraged to reform their public expenditure management systems and have increasingly embarked on major projects to computerize their government operations. Most popular among these have been projects to computerize government accounting...