Dominica : Country Financial Accountability Assessment
Over the past five years, Dominica has experienced rising fiscal deficits and increasing debt levels, associated mainly with slow adjustment to declining growth rates, and an increase in commercial borrowing to finance public investments. In an effort to stabilize the economy, the government entered into a Standby Arrangement with the IMF in late August 2002. The implementation of the stabilization program under this agreement was intended to achieve a reduction in the government's deficit and to eliminate all domestic arrears by the end of FY2003, however performance to date has been questionable. With the IMF Standby Arrangement in place, the rules governing financial management are key to ensure that government spending remains within the fiscal constraints currently facing the economy. In tandem with this program, Dominica has requested technical and financial assistance from the World Bank in the form of an Economic Recovery Support Operation (ERSO). This operation, currently under preparation, would support the government's effort to regain economic sustainability and promote growth while mitigating the impacts of adjustment and protecting past social gains.
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dig-okr-10986145062024-08-08T17:29:22Z Dominica : Country Financial Accountability Assessment World Bank ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY Over the past five years, Dominica has experienced rising fiscal deficits and increasing debt levels, associated mainly with slow adjustment to declining growth rates, and an increase in commercial borrowing to finance public investments. In an effort to stabilize the economy, the government entered into a Standby Arrangement with the IMF in late August 2002. The implementation of the stabilization program under this agreement was intended to achieve a reduction in the government's deficit and to eliminate all domestic arrears by the end of FY2003, however performance to date has been questionable. With the IMF Standby Arrangement in place, the rules governing financial management are key to ensure that government spending remains within the fiscal constraints currently facing the economy. In tandem with this program, Dominica has requested technical and financial assistance from the World Bank in the form of an Economic Recovery Support Operation (ERSO). This operation, currently under preparation, would support the government's effort to regain economic sustainability and promote growth while mitigating the impacts of adjustment and protecting past social gains. 2013-07-23T21:47:32Z 2013-07-23T21:47:32Z 2004-07-12 http://documents.worldbank.org/curated/en/2004/07/5348795/dominica-country-financial-accountability-assessment https://hdl.handle.net/10986/14506 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY |
| spellingShingle |
ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY World Bank Dominica : Country Financial Accountability Assessment |
| description |
Over the past five years, Dominica has
experienced rising fiscal deficits and increasing debt
levels, associated mainly with slow adjustment to declining
growth rates, and an increase in commercial borrowing to
finance public investments. In an effort to stabilize the
economy, the government entered into a Standby Arrangement
with the IMF in late August 2002. The implementation of the
stabilization program under this agreement was intended to
achieve a reduction in the government's deficit and to
eliminate all domestic arrears by the end of FY2003, however
performance to date has been questionable. With the IMF
Standby Arrangement in place, the rules governing financial
management are key to ensure that government spending
remains within the fiscal constraints currently facing the
economy. In tandem with this program, Dominica has requested
technical and financial assistance from the World Bank in
the form of an Economic Recovery Support Operation (ERSO).
This operation, currently under preparation, would support
the government's effort to regain economic
sustainability and promote growth while mitigating the
impacts of adjustment and protecting past social gains. |
| topic_facet |
ACCOUNTANTS ACCOUNTING ACCOUNTING STANDARDS APPROPRIATIONS AUDITS BANK ACCOUNTS BORROWING BUDGET BUDGET EXECUTION BUDGET PROCESS BUDGET REFORM BUDGETING CASH MANAGEMENT CONSULTING SERVICES CURRENCY DATABASE MANAGEMENT DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DISCHARGE ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL LEGISLATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT SPENDING INCOME INDEBTEDNESS INTEGRITY INTEREST COSTS INTERNAL CONTROLS LEADERSHIP LOCAL GOVERNMENTS MANAGEMENT MANAGEMENT CAPACITY MANAGEMENT POLICIES MANAGEMENT PROBLEMS MANAGERS MISMANAGEMENT OPERATIONS ORGANIZATIONAL CAPACITY PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FUNDS PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE REFORM PUBLIC SPENDING PURCHASES REFORM PROCESS REFORMS RESOURCE ALLOCATION SERVICE DELIVERY SUPERVISION TAX TEAMS TRANSPARENCY |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Dominica : Country Financial Accountability Assessment |
| title_short |
Dominica : Country Financial Accountability Assessment |
| title_full |
Dominica : Country Financial Accountability Assessment |
| title_fullStr |
Dominica : Country Financial Accountability Assessment |
| title_full_unstemmed |
Dominica : Country Financial Accountability Assessment |
| title_sort |
dominica : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2004-07-12 |
| url |
http://documents.worldbank.org/curated/en/2004/07/5348795/dominica-country-financial-accountability-assessment https://hdl.handle.net/10986/14506 |
| work_keys_str_mv |
AT worldbank dominicacountryfinancialaccountabilityassessment |
| _version_ |
1807159570502516736 |