Managing Resources for Development

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In all Commonwealth countries, the public are demanding higher quality, more reliable and more costeffective delivery of basic public services such as health and education. These demands call on finance ministries to increase the resources channelled into priority sectors, as defined by national frameworks and poverty reduction strategies. This in turn requires effective budgetary systems, improved public financial management and good management of donor resources. Managing Resources for Development incorporates the sharing of best practice in the vital area of improving the delivery and monitoring of resources in the public sector. It is based on a paper presented by Sir John Vereker for the Technical theme for the Senior Finance Officials’ Meeting at the Commonwealth Finance Ministers’ Meeting held in London in September 2002. This book is of great interest to public policy practitioners in the allocation and management of resources.



Non-Concessionary Financial Resources

For most developing countries, aid flows are a low proportion of the financial resources available to governments, and managing financial resources is a much bigger issue than management of aid flows. Aggregate annual aid flows of $55 billion are only some 3.5 per cent of total annual investment in developing countries of nearly $1.5 trillion, of which all but $0.2 trillion is generated from domestic savings. Total aid as a percentage of Gross National Income fell sharply in the period 1990–2000 and is now only about 1 per cent of the GNI of poor countries, less than 5 per cent even in relatively aiddependent Africa, and well under 5 per cent in more than half of the developing member countries of the Commonwealth.


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