In a well-functioning parliamentary system, the state budget is overseen by a group of elected authorities in a relatively transparent manner. No one person has the power to shape the process in self-serving ways. Embedding checks and balances into governance – particularly to limit the executive’s discretionary budgetary authority – is integral to accomplish the kind of structural transformation developing countries need if they are to create more stable, prosperous futures well beyond 2030. By Tania Masi, Roberto Ricciuti, Antonio Savoia, and Kunal Sen.
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Results for developing countries
Tuesday 23 July 2019
Manchester, United Kingdom
Monday 19 October 2015
The first draft of the Paris Climate Change Agreement has left the Indian government and its negotiators upset because it ignored many submissions from developing countries. Countries will gather at Bonn from October 19-23 to negotiate further on this draft before the final Paris round of talks on 30 November for two-weeks.
Wednesday 22 May 2013
The Commonwealth is encouraging the G20 group of the world’s major economies to ensure that it protects and supports the development of smaller economies.
Friday 18 January 2013
Four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the Euro Area and fiscal policy in the United States, says the World Bank.
Tuesday 17 April 2012
Dr. Jim Yong Kim, in response to his selection by the World Bank's Executive Directors as 12th President of the World Bank, spoke of a global consensus around the importance of inclusive growth in a rapidly changing world. He believed there was a need to foster an institution that responds effectively to the needs of its diverse clients and donors, and among other things, "amplifies the voices of developing countries".