a column by Tito Cordella and Andrew Powell for VOX: CEPR’s Policy Portal
Countries almost always repay loans from the IMF and the World Bank before others, even though this preferred treatment rarely appears in legal contracts.
This column presents a framework to investigate this puzzle. It argues that the ability to restrict lending allows international financial institutions to lend at the risk-free rate and creates incentives for repayment. IMF and World Bank loans are thus complementary to commercial lending.
Continue reading
Hazel’s comment:
I think I understand the issues involved a lot better now than I did before reading this.
Showing posts with label World_Bank. Show all posts
Showing posts with label World_Bank. Show all posts
Tuesday, 10 September 2019
Friday, 16 February 2018
What We Can Learn from Tolstoy about FMIS
a post by Moritz Piatti-Fünfkirchen (Senior Economist at the World Bank) and Ali Hashim (a former Lead Treasury Systems Specialist, World Bank) published in The International Monetary Fund’s Public Financial Management Blog
When Leo Tolstoy wrote Anna Karenina about 150 years ago, he inspired generations. His novel begins
“All happy families are alike; each unhappy family is unhappy in its own way.”
Now, what does this have to do with Financial Management Information Systems (FMIS)? What Tolstoy perhaps meant was that a deficiency in any one of a host of factors dooms an endeavor to failure. Consequently, to make an endeavor successful it is necessary to mitigate against deficiencies and risks in multiple areas.
In a recent World Bank Policy Research Working Paper (click here to access the paper) the authors developed a framework that lays out three critical dimensions for an FMIS to contribute to improved budget management:
The system lifecycle lays out what it takes to make an FMIS operational.
Lastly, the coverage and utilization of an FMIS will determine its scope and effectiveness.
Continue reading
When Leo Tolstoy wrote Anna Karenina about 150 years ago, he inspired generations. His novel begins
“All happy families are alike; each unhappy family is unhappy in its own way.”
Now, what does this have to do with Financial Management Information Systems (FMIS)? What Tolstoy perhaps meant was that a deficiency in any one of a host of factors dooms an endeavor to failure. Consequently, to make an endeavor successful it is necessary to mitigate against deficiencies and risks in multiple areas.
In a recent World Bank Policy Research Working Paper (click here to access the paper) the authors developed a framework that lays out three critical dimensions for an FMIS to contribute to improved budget management:
- the diagnostic phase,
- the system’s lifecycle, and
- the system’s coverage and utilization.
The system lifecycle lays out what it takes to make an FMIS operational.
Lastly, the coverage and utilization of an FMIS will determine its scope and effectiveness.
Continue reading
Sunday, 12 June 2011
World Report on Disability
via UN Pulse by UN reference
The World Report on Disability, developed by the World Health Organization (WHO) and the World Bank, with contributions from over 380 experts, calls for the elimination of barriers that often force the people with disabilities to “the margins of society”. The report suggests that more than one billion people in the world today experience disability.
People with disabilities have generally poorer health, lower education achievements, fewer economic opportunities and higher rates of poverty than people without disabilities. This is largely due to the lack of services available to them and the many obstacles they face in their everyday lives. The report provides the best available evidence about what works to overcome barriers to health care, rehabilitation, education, employment, and support services, and to create the environments which will enable people with disabilities to flourish. The report ends with a concrete set of recommended actions for governments and their partners.
Full report (PDF 349pp)
No, I haven't read it all!!
The World Report on Disability, developed by the World Health Organization (WHO) and the World Bank, with contributions from over 380 experts, calls for the elimination of barriers that often force the people with disabilities to “the margins of society”. The report suggests that more than one billion people in the world today experience disability.
People with disabilities have generally poorer health, lower education achievements, fewer economic opportunities and higher rates of poverty than people without disabilities. This is largely due to the lack of services available to them and the many obstacles they face in their everyday lives. The report provides the best available evidence about what works to overcome barriers to health care, rehabilitation, education, employment, and support services, and to create the environments which will enable people with disabilities to flourish. The report ends with a concrete set of recommended actions for governments and their partners.
Full report (PDF 349pp)
No, I haven't read it all!!
Also available in an “easy read” version and hard copy (ISBN: 9 789 241 564 182 Price: CHF 40 / US$ 48 paperback)
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