Joint CEF-IMF High-Level Event during the Annual IMF-WBG Meetings in Washington
Cooperation with the IMF
The Center of Excellence in Finance (CEF) and the International Monetary Fund’s (IMF) Fiscal Affairs Department (FAD) agreed to organize a joint event during the Annual Meetings of the International Monetary Fund and the World Bank Group (WBG) in Washington DC. The “High-Level Policy Dialogue: Strengthening the Role of Good Governance through Increased Fiscal Transparency and Revenue Administration Reform in South East Europe” will be held on October 10th and will also address the CEF and IMF plans to continue supporting public financial management (PFM) and revenue administration reforms through training and technical assistance in South East Europe (SEE).
In recent years, there has been growing pressure on countries in SEE to further reform their PFM and revenue administration systems. The impact of the global financial crisis has additionally focused attention on the need to intensify efforts to complete ongoing reform priorities to ensure that countries are better prepared to deal with future economic shocks. Specifically, countries in SEE are being strongly encouraged to develop stable macroeconomic frameworks; transparent and credible tax systems; sustainable revenue mobilization improvements, comprehensive multi-annual budget frameworks; performance oriented budgets; predictable budget execution processes with strong controls at each stage of the expenditure process; reliable accounting systems; strengthened public internal financial controls; and enhance external scrutiny and audit arrangements.
The high-level event aims to bring together ministers of finance and governors of central banks in SEE to share views and experience on how to strengthen good governance in the region through increased fiscal transparency, and confirm the support for the joint regional endeavors of both the CEF and the IMF to strengthen good governance in public financial management and revenue administrations through training and technical assistance. The event will be organized back-to-back with the 14th CEF Supervisory Board meeting.
For more information on the synergies between the CEF and the IMF in supporting public financial management and revenue administration reforms in South East Europe, please see: http://www.cef-see.org/multilateral-partners.
