Download or read book Public Financial Management in Resource-Rich Countries: Essentials for Economists and Public Finance Professionals written by World Bank Publications and published by . This book was released on 2015-06-20 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume addresses the need for improved public financial management in resource-rich countries, and discusses how this can be achieved. The volume takes as a point of departure the political economy constraints that can frequently be expected in resource-rich countries. The topics discussed include financial compliance, and the special problems that it faces in developing countries; strengthening of key compliance agencies, and reform strategies for compliance. The application of medium term budget and fiscal planning in resource-rich countries is discussed, with a focus on resource-specific aspects and reform strategy. Improvement of public investment management, a fundamental challenge in many resource-rich countries, is discussed, as are transparency aspects of PFM and PIM. The three volumes of the report are mutually supportive, but can also be read independently.