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Russian Federation - Regional Fiscal Technical Assistance Project (Inglês)

Ratings for the Regional Fiscal Technical Assistance Project for Russian Federation were as follows: outcomes were satisfactory, the risk to development outcome was low or negligible, the Bank performance was satisfactory, and the Borrower performance was also satisfactory. Some lessons learned included: the Bank and Finance Ministry have become strong partners in the area of fiscal federalism and broader Public Financial Management (PFM) reform over the 11 years of the operation. There appears to be a level of confidence and goodwill on both sides which facilitates open dialogue. The various extensions of the project, whatever the valid questions regarding the role and length of investment projects, or costs to the Bank's administrative budget, reflected a level of commitment by the Bank to a well performing project and a serious client which should not be discounted. The multi-year project helped the client to conduct deep and thorough reforms of PFM and intergovernmental fiscal relations, to transform those systems into the modern ones. The Bank's ability to contribute to this economic and social development of this partner can only have been enhanced by the Bank's record in staying the course and showing flexibility by adhering to its highest goals in bringing the best it could offer to this client. Commitment and shared vision are salient for all Bank projects. But operations which seek to change policies, procedures, incentives across a country's public sector, and sometimes touch the core of a nation's political economy, require a higher threshold of counterpart understanding, dedication, and leadership. The steadfast support of key officials within the Finance Ministry across a 14 year period from project preparation to loan closure is impressive. The rarity of such sustained commitment or stability in counterpart champions attests to its value in this case. Bank operations in public sector reform too often rest on the narrow shoulders of reform champions whose admirable willingness to undertake worthy efforts can also suggest vulnerability and short tenure. The Bank team also sought to assure in preparation that the project enjoyed high level support and designed a governance structure to involve and inform key stakeholders.

Detalhes

  • Data do documento

    2011/12/29

  • TIpo de documento

    Conclusão da Implementação e Relatórios sobre Resultados

  • No. do relatório

    ICR2145

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Federação Russa,

  • Região

    Europa e Ásia Central,

  • Data de divulgação

    2012/01/24

  • Disclosure Status

    Disclosed

  • Nome do documento

    Russian Federation - Regional Fiscal Technical Assistance Project

  • Palavras-chave

    Integrated Financial Management Information System;Poverty Reduction & Economic Management;public financial management reform;Foundation for Enterprise Restructuring;information and communication technology;economic and financial analysis;Integrated Financial Management System;public sector reform programs;pace of loan disbursement;ip disbursements archived;Tax Policy and Administration;Fiscal Federalism;legal framework;intergovernmental fiscal relation;public sector restructuring;formula based transfer;education and health;local public finance;assignment of revenue;institutional capacity building;improvements in efficiency;public sector institution;policy and institution;inadequate legal framework;international financial institution;stock of debt;allocation of transfer;quality of bank;assignment of expenditure;law and regulation;medium-term financial plan;exchange of information;performance based budgeting;delivery of service;quality of outputs;quality at entry;cash management system;medium term program;national economic growth;rates of return;performance indicator targets;net present value;financial control system;local tax base;degree of decentralization;public sector performance;public finance system;financial management capacity;regional policy-makers;local decision makers;process of decentralization;Country Assistance Strategies;country assistance strategy;sound financial management;Law and Justice;fiscal reform program;outputs by components;expenditure assignment;reform effort;federal law;federal government;counterpart funding;fiscal performance;budget reform;fiscal management;federal budget;equalization transfer;responsible behavior;unfunded mandate;regional budget;result indicator;fiscal monitoring;financial planning;stakeholder workshop;federal regulation;expenditure responsibility;debt service;model law;improved public;Budget Management;monitoring indicator;public expenditure;budget audit;competitive grant;federal level;project approval;information network;beneficiary survey;Public Transportation;adjustment operation;fund allocations;management structure;lagging region;federal legislation;federal grant;quality review;regional governors;budget execution;federal authority;financial reporting;government staff;software program;national population;information flow;annual budget;fiscal economist;loan extension;reform plan;expenditure reform;adjustment loan;financial reform;gender aspect;institutional change;revenue assignment;fiscal policy;computer equipment;social impact;municipal public;procurement system;bureaucratic procedure;budgetary accounting;regional borrowing;transition arrangement;administrative budget;fiscal administration;budget deficit;budgetary rule;organizational capacity;investment finance;debt stock;social progress;performance auditing;procurement performance;internal revenue;government ownership;Procurement Policy;budget transfer;effective governance;formal procedures;computer support;transfer system;analytical skill;business process;external partner;sovereign guarantee;federal system;overdue accounts;firm commitment;executive board;government process;procurement process;improved service;macroeconomic performance;absolute amount;international consultant;research effort;Law Reform;legal institution;market economy;primary author;expenditure law;fiscal statistic;geographic size;cultural background;legal commitment;fiscal power;productive efficiency;fiscal change;Exchange Rates;methodological recommendation;regional competition;federal district;regional debt;urban transport;government funding;performance agreement;subnational budget;economic study;Economic Studies;budgetary reform;improving performance;grant funding;transparent indicators;causal linkage;procedural framework;funding source;program budget;federal transfer;operational framework;respective responsibility;tax collection;financial crisis;processing time;satisfactory progress;fiscal balance;Macroeconomic Stability;transparent system

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