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The Evolving Functions and Organization of Finance Ministries

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  • Mr. Richard I Allen
  • Yasemin Hurcan
  • Peter Murphy
  • Mr. Maximilien Queyranne
  • Mr. Sami Yläoutinen

Abstract

There is relatively little literature that analyses the role, functions, and organization of finance ministries. The purpose of this working paper is to review international experiences in this area, in an effort to formulate guiding principles of organizational design and the allocation of functions, while recognizing the crucial importance of each country’s history and institutional context. Over the past 30 years many finance ministries have moved from a “traditional” to an “emerging” model of organizational design in which there is greater openness and transparency, more flexible management practices, and a broader focus on strategic policy issues. In addition, many operational functions have been devolved to arm’s–length agencies or line ministries. The paper describes the challenges facing developing countries in strengthening their finance ministries, and the principles, approaches, and strategies that can be applied.

Suggested Citation

  • Mr. Richard I Allen & Yasemin Hurcan & Peter Murphy & Mr. Maximilien Queyranne & Mr. Sami Yläoutinen, 2015. "The Evolving Functions and Organization of Finance Ministries," IMF Working Papers 2015/232, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/232
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    References listed on IDEAS

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    3. Allen, Richard & Grigoli, Francesco, 2012. "Enhancing the Capability of Central Finance Agencies," World Bank - Economic Premise, The World Bank, issue 73, pages 1-7, January.
    4. Mike Williams, 2013. "Debt and Cash Management," Palgrave Macmillan Books, in: Richard Allen & Richard Hemming & Barry H. Potter (ed.), The International Handbook of Public Financial Management, chapter 31, pages 661-684, Palgrave Macmillan.
    5. World Bank, 2013. "Transforming Central Finance Agencies in Poor Countries : A Political Economy Approach," World Bank Publications - Books, The World Bank Group, number 15806, December.
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    8. International Monetary Fund, 1996. "Budget Processes and Commitment to Fiscal Discipline," IMF Working Papers 1996/078, International Monetary Fund.
    9. Richard Allen & Philipp Krause, 2013. "The Role, Responsibilities, Structure and Evolution of Central Finance Agencies," Palgrave Macmillan Books, in: Richard Allen & Richard Hemming & Barry H. Potter (ed.), The International Handbook of Public Financial Management, chapter 5, pages 98-115, Palgrave Macmillan.
    10. Mr. Luc Eyraud & Ms. Anita Tuladhar & Mr. Julio Escolano & Ms. Marialuz Moreno Badia & Ms. Juliane Sarnes, 2012. "Fiscal Performance, Institutional Design and Decentralization in European Union Countries," IMF Working Papers 2012/045, International Monetary Fund.
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    Cited by:

    1. Halis KIRAL & İlhan HATİPOĞLU, 2019. "Centralization of the Public Internal Audit System in England and Establishment of the Government Internal Audit Agency," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(39).

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