From Macroeconomic Correction to Public Sector Reform

Download or read book From Macroeconomic Correction to Public Sector Reform written by Eduardo Wiesner Durán and published by World Bank Publications. This book was released on 1993-01-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains why tough public sector reform and a sound macroeconomy are essential to sustained growth. It provides a strategy to help countries evaluate how well their governments' policies work. Decisionmakers will learn ways to build an evaluations program that can make governments more accountable and improve their performance. Some options could include making central banks independent, eliminating earmarked funds, and balancing the national budget. The author suggests which government offices should oversee and develop evaluation policies to get the best results, and explains why evaluation results must be linked with all budget decisions. He describes the political and economic environment that allows the evaluation process to develop freely. Also discussed is the role that the World Bank and other insti- tutions should play in supporting evaluation programs. The study examines how sound evaluation can lead to more consistent international policies and better international governance.