Showing posts with label Mauritius. Show all posts
Showing posts with label Mauritius. Show all posts

Tuesday, September 21, 2010

How to Praise a Finance Minister

"The observed resilience of the Mauritian economy is a testimony to the positive impact of the reforms carried out since 2006, which favoured economic diversification and adaptation at the same time that it created fiscal space for expansionary macroeconomic policies and other innovative, timely, temporary and targeted responses to cushion the crisis impact".
-World Bank, Mr Fabiano Bastos, quoted in the Budget Speech

Putting Foreign Aid in Macro-Fiscal Frameworks

I found the following from the Mauritius budget call circular to be useful- putting aid into overall sectoral ceiling is really a feature of mature MTEF. Mauritius budget process is certainly very advanced.

Financial resources expected from development partners (grant or loan funding) have already been factored in the macro-fiscal framework used for working out spending limits and do not therefore constitute an additional source of funds available for spending.

For Discussion: How's foreign aid incorporated in MTEF's in other countries like Albania, which have mature MTEF's?

Related:
Albania- Albania Public Expenditure and Institutional Review 2001


REPIM