Premium
Banking on Accountability? Strengthening Budget Oversight and Public Sector Auditing in Emerging Economies
Author(s) -
SANTISO CARLOS
Publication year - 2006
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/j.1540-5850.2006.00847.x
Subject(s) - accountability , credibility , audit , accounting , business , latin americans , emerging markets , politics , economics , finance , financial system , economic policy , political science , law
This study reviews a decade of support by the World Bank and the Inter‐American Development Bank to parliaments and external audit agencies in Latin America. It underscores recent developments in development finance reflecting a broader understanding of the determinants of fiscal credibility and financial integrity. It reveals a learning curve in multilateral assistance to budget oversight institutions. It argues that there exists unexplored potential to improve the effectiveness of multilateral assistance to budget oversight institutions, including in the choice of strategies and instruments. More fundamentally, it underscores the need to tackle the underlying political economy of public finance accountability.