Dominican Republic : Country Fiduciary Assessment, Volume 1, Fiduciary Assessment Report

The Dominican Republic has made significant strides in deepening democracy during the past decade including the implementation of an important electoral reform. This fiduciary assessment was prepared by the Bank and the Inter-American Development Bank (IDB) as a tool for their coordinated policy dialogue on governance with the country, and as a key input for their respective assistance strategies. Consequently, the report also provides important contributions to both institutions' analytical work on public sector management, and State modernization which will be the basis for developing these strategies jointly with the government. The report was prepared as a composite document summarizing the main procurement, and financial management issues identified by the two banks in the Dominican Republic, within the broader public sector management context. Several short-term actions recommended in Volume II Country Financial Accountability Assessment (CFAA) and Volume III Country Procurement Assessment Report (CPAR Update) address the problems linked to the Government's weak capacity to manage the fiduciary function. Volume I presents key public sector issues relevant for the financial management system, including systemic strengths and weaknesses, the political economy surrounding the State modernization effort, and the obstacles to, and incentives for public financial management reform. It provides a wider context which is useful to assess fiduciary reforms that can be realistically implemented and expected to achieve sustainable results. Volume I also fosters the integration of the main recommendations for broad systemic improvements relevant to the public financial management system. These include reducing discretion within the executive power, improving access to, and quality of information, working more effectively with civil society by tapping into the leading Civil Society Organizations' technical ability and capacity to form strong coalitions, and building upon ongoing reform efforts including, in particular, the Integrated Financial Management Project (SIGEF) supported by the IDB. These broad aspects are recommended as priority areas for reform because their successful implementation would contribute to lowering the systemic risks, and establishing an enabling environment for regulatory, and enforcement bodies to function effectively. Unless such conditions exist, the specific legal, and institutional reforms required to strengthen the procurement and financial management systems, even if implemented, are not likely to have significant impact on the overall quality of public sector management.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2005-04
Subjects:	ACCOUNTABILITY, ACCOUNTING, ADMINISTRATIVE PROCESSES, ANTI-CORRUPTION, ANTICORRUPTION, ANTICORRUPTION STRATEGY, AUTHORITY, BUDGET EXECUTION, BUDGET FORMULATION, BUDGET PROCESS, BUDGET SYSTEM, BUSINESS ASSOCIATIONS, CAMPAIGN FINANCING, CAPITAL BUDGETING, CENTRAL GOVERNMENT, CITIZENS, CIVIL SOCIETY, CIVIL SOCIETY ORGANIZATIONS, COALITIONS, CONGRESSIONAL APPROVAL, CONSENSUS, CONSTITUTION, CORPORATE GOVERNANCE, CORRUPT PRACTICES, CORRUPTION, CORRUPTION ISSUES, CRIMES, CRIMINAL LAW, CRIMINAL PROCEDURE, CRISES, DEBT, DECENTRALIZATION, DECREE, DEMOCRACY, DEMOCRATIC GOVERNANCE, DEMOCRATIC INSTITUTIONS, DEMOCRATIC SYSTEMS, DISCLOSURE, DISCRETION, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ELECTRICITY, ENFORCEMENT MECHANISM, ETHICS, EXECUTION, EXECUTIVE POWER, FINANCIAL ACCOUNTABILITY, FINANCIAL CRISIS, FINANCIAL MANAGEMENT, FINANCIAL MANAGEMENT SYSTEMS, FINANCIAL RESOURCES, FISCAL, FOREIGN INVESTMENT, FRAUD, FRAUDULENT PRACTICES, FREEDOM OF INFORMATION, GOVERNMENT AGENCIES, GOVERNMENT AUTHORITIES, GOVERNMENT EFFECTIVENESS, GOVERNMENT INFORMATION, GOVERNMENT INSTITUTIONS, GOVERNMENT OFFICIALS, GOVERNMENT POLICIES, GOVERNMENT POLICY, HUMAN RESOURCES, HUMAN RIGHTS, INCOME, INFLATION, INSTITUTIONAL ARRANGEMENTS, INSTITUTIONAL CAPACITY, INSTITUTIONAL REFORMS, INTEREST RATES, INTERNATIONAL PRESSURE, INVESTIGATIONS, JUDICIARY, LABOR MARKET, LAWS, LEGAL INSTITUTIONS, LEGAL SYSTEM, LEGISLATION, LEGISLATIVE CAPACITY, LEGISLATIVE COMMITTEES, LEGISLATORS, LEGISLATURE, LEGITIMACY, MACROECONOMIC MANAGEMENT, MARKET ECONOMY, MEDIA, MINISTRY OF FINANCE, MONEY LAUNDERING, NATIONAL BUDGET, NATIONAL DEVELOPMENT, NATIONAL PLANNING, POLITICAL ECONOMY, POLITICAL INFLUENCE, POLITICAL INSTITUTIONS, POLITICAL INTERFERENCE, POLITICAL PARTIES, POLITICAL PARTY, POLITICAL SYSTEM, POLITICAL UNCERTAINTY, POOR MANAGEMENT, PREFERENTIAL, PRESIDENCY, PRESIDENTIAL POWERS, PRESIDENTS, PRIORITIES, PRIVATE SECTOR, PROCUREMENT, PROSECUTION, PROVISIONS, PUBLIC ADMINISTRATION, PUBLIC CONTRACTS, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURES, PUBLIC FUNDS, PUBLIC INFORMATION, PUBLIC INSTITUTIONS, PUBLIC OFFICIALS, PUBLIC POLICY, PUBLIC SECTOR, PUBLIC SECTOR MANAGEMENT, PUBLIC SECTOR REFORM, PUBLIC SERVANTS, PUBLIC SPENDING, PUBLIC WORKS, REGULATORY BODY, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REGULATORY MEASURES, REGULATORY POLICIES, REGULATORY QUALITY, RELIGIOUS ORGANIZATIONS, REPRESENTATIVES, SENATE, SLANDER, SOCIAL DEVELOPMENT, SOCIAL STABILITY, STATE MODERNIZATION, TELECOMMUNICATIONS, TRANSPARENCY,
Online Access:	http://documents.worldbank.org/curated/en/2005/04/5851560/dominican-republic-country-fiduciary-assessment-vol-1-5-fiduciary-assessment-report https://hdl.handle.net/10986/8577
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