Description

There is relatively little literature that analyses the role, functions, and organization of
 finance ministries. The purpose of this working paper is to review international
 experiences in this area, in an effort to formulate guiding principles of organizational
 design and the allocation of functions, while recognizing the crucial importance of each
 country’s history and institutional context. Over the past 30 years many finance ministries
 have moved from a “traditional” to an “emerging” model of organizational design in
 which there is greater openness and transparency, more flexible management practices,
 and a broader focus on strategic policy issues. In addition, many operational functions
 have been devolved to arm’s–length agencies or line ministries. The paper describes the
 challenges facing developing countries in strengthening their finance ministries, and the
 principles, approaches, and strategies that can be applied.

More publications in this series: Working Papers

More publications by: Richard Allen ; Yasemin Hurcan ; Peter Murphy ; Maximilien Queyranne ; Sami Yläoutinen