CHAPTER 3: Putting Public Finances on a Durably Sound Footing
- Roger Nord, Yuri Sobolev, David G. Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, and Stéphane Roudet
- Published Date:
- February 2009
The emergence of a strong Ministry of Finance (MoF), supported by technical assistance from the IMF and other development partners, was instrumental in accelerating fiscal reforms and fostering a turnaround in fiscal performance. This chapter reviews the evolution of public finances and the reforms implemented in the area of public financial management and revenue mobilization. It also touches upon the new challenges facing fiscal policy.