inform the Fund “promptly and in detail of any restrictions which it imposes on exchange transactions with non-members or with persons in their territories.” This Rule is drafted on the assumption that a member can impose restrictions on exchange transactions with non-members without the necessity for that prior approval which is required where the restrictions are on payments and transfers for current international transactions with members or their residents. Under Rule M-4, a complaintprocedure is established:
Any member may notify the Fund of restrictions
Isabel Rial, David Gentry, Ms. Katja Funke, Mary Betley, John Zohrab, Tanvir Hossain, and Sandro Nosadze
.g. by those outside of government), is reduced because of lack of live, retrievable data. While the e-Procurement system is quite good, planning for some enhancements should go forward. For example, greater control over the value of contracts could be enhanced through a direct link between the e-Procurement and the e-Budget systems.
65. The number of failed tenders and the procurement complaintsprocedures raise some concerns . The number of tenders that have not resulted in a signed contract has reached 29 percent, on average between 2013–16. This number is high
contemplated import restrictions (Art. XII, par. 4(c)).
(e) Consultation may be suggested as a step in the course of a complaintprocedure against another contracting party (Art. XII, par. 4(d)).
Any consultation has at least the following three objectives:
(a) To assist in the clarification of the interests of the contracting party in respect to the import restrictions applied (or to be applied), i.e., to help the contracting party assess the effect of its import restrictions upon its own external financial position from the aspect of world financial
and executive regulations can be subject to judgment by the constitutional court. Individual administrative decisions of tax and customs organs can be subject to complaintprocedures within each of the services, and to judgment by the Administrative Court. The operations of the tax and customs services are subject to control by the Court of Audits (the Supreme Audit Institution).
13. Public servants are subject to a code of behavior. The Government has recently adopted a Codex (Official Gazette 8/2000) of behavior for public employees, based on a Council of
This report evaluates the Observance of Standards and Codes on Fiscal Transparency Module for the Republic of Slovenia. Slovenia meets the requirements of the fiscal transparency code in many important respects. The basic legislation and practices are in line with many Organization for Economic Cooperation and Development (OECD) and European Union countries, and there is generally a clear specification of the roles and responsibilities of different institutions. The basic policies for provision of information are consistent with international practices and procedures for budget preparation.
The Government’s decision to strengthen the infrastructure governance through
improving the public investment management (PIM) and the public-private partnerships
(PPPs) frameworks, is both timely and important. The government has an ambitious public
investment agenda, to be implemented both through traditional public investment and with the
help of private investors in the form of PPPs. Given the need to preserve fiscal sustainability in a
context of limited fiscal space, avoiding inefficiencies and managing fiscal costs and risks arising
from infrastructure projects will be crucial for advancing the government’s public investment
agenda. The authorities are working on a broad range of public financial management reforms,
including improving the PIM framework and the legal and regulatory framework for PPPs and
Over the last decade, public investment in Georgia has been similar to the average of
emerging market economies (EMEs). Since the mid-2000s, public investment accounted, on
average, for one third of total investment. Public investment remained volatile, reaching a peak
of 8.6 percent of GDP in 2007, declining in the aftermath of large global and regional shocks, and
stabilizing at about 5.5 percent of GDP in recent years.