Publication:
Public Private Partnerships on Public Financial Management Reforms in Asia: Opportunities and Lessons

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2017-05-18T17:07:55Z
dc.date.available2017-05-18T17:07:55Z
dc.date.issued2017-05
dc.description.abstractThe growing investment needs in the South Asia Region (SAR) and East Asia and Pacific Region(EAP) necessitate high quality public financial management in order to sustain the growth momentumand achieve the desired development objectives. As these regions operate within limited fiscalspace for development, efficient public financial management is essential to achieve the best results for every dollar spent. However, challenges persist in implementing timely reforms in Public Financial Management (PFM), building ownership to drive reforms and strengthening capacity to implement, embed and sustain such reforms.This PFM retrospective study uses a two-pronged approach. It illustrates examples of good practices of partnerships in financial management reforms between the public and the private sector and draws lessons learned from effective financial management reforms in the private sector in SAR and EAP. The study cites country specific examples through case studies from the following countries (listed in alphabeticalorder) India, Indonesia, Malaysia, Pakistan and Sri Lanka, where collaboration between the public sector and private sector have contributed to successful public financial management reforms. While exploring these various forms of public-private collaboration, it also looks at additional types of partnerships such as with peer institutions in other countries, development partners and regional groups. The study identifies the enabling environment conducive to collaboration. Three significant factors pertinent to the cases are covered in detail, namely: (1) windows of opportunity; (2) leadership and change agents; and (3) the institutional environment. The development strategies of the governments covered in the cases, such as the New Economic Model of Malaysia, are considered as windows of opportunity for private sector involvement as they led to scaling up of PFM reforms and created the need to collaborate with the private sector to implement reforms. In particular, the following organizations and individuals stand out in the case studies as leaders and change agents that connect the public and private sectors to move the PFM reform agenda forward: Director, Department of Municipal Administration—state of Karnataka; a combination of high and working level champions of reforms from the Indonesian Ministry of Finance (MoF);the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing staff and council members; the Secretary General of the Treasury and the Accountant General in Malaysia; and the past and current Auditors General in Pakistan and Sri Lanka.en
dc.identifierhttp://documents.worldbank.org/curated/en/190271494602597931/Public-Private-Partnerships-on-public-financial-management-reforms-in-Asia-opportunities-and-lessons
dc.identifier.doi10.1596/26657
dc.identifier.urihttps://hdl.handle.net/10986/26657
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC SECTOR REFORM
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectACCOUNTABILITY
dc.subjectFINANCIAL REPORTING
dc.subjectACCOUNTING STANDARDS
dc.titlePublic Private Partnerships on Public Financial Management Reforms in Asiaen
dc.title.subtitleOpportunities and Lessonsen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titlePublic Private Partnerships on Public Financial Management Reforms in Asia
okr.date.disclosure2017-05-15
okr.doctypeEconomic & Sector Work::Other Financial Accountability Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/190271494602597931/Public-Private-Partnerships-on-public-financial-management-reforms-in-Asia-opportunities-and-lessons
okr.guid190271494602597931
okr.identifier.doi10.1596/26657
okr.identifier.externaldocumentum090224b084b80059_2_0
okr.identifier.internaldocumentum27458946
okr.identifier.report114999
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/190271494602597931/pdf/114999-REVISED-PUBLIC-PFM-Retrospective-Study-Web-final.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.region.countryIndonesia
okr.region.countryMalaysia
okr.region.countryPakistan
okr.region.countrySri Lanka
okr.sectorPublic Administration, Law, and Justice
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.unitGOV FAR - SAR (GGO24)
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