By World Bank, International Monetary Fund
In September 2001, employees from the area financial institution and the overseas financial Fund met with the target of strengthening collaboration among the 2 organisations in initiatives of civil provider reform. This reinforced collaboration could have key merits in making sure consistency among the conflicting objectives of the 2 corporations, constructing real looking targets in the reform procedure, and protecting a middle set of salary and employment facts. The relevant end arrived at was once that international financial institution and IMF employees may be conducting collaboration previous within the reform method. to steer the collaboration, six foundations have been pointed out. those comprise: increase a medium-term monetary framework; foster nationwide possession through making reforms politically possible; concentration and streamline conditionality; agree on sequencing and timing of reforms; and enhance information assortment. those principals should be established for effectiveness in numerous concentration nations.
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Extra info for Civil service reform: strengthening World Bank and IMF collaboration
The current Minister of Civil Service, Employment, and Administrative Reform is himself a former union leader. 4. Key Macrofiscal Concerns Measures to contain the wage bill in Benin have included (a) a voluntary departure scheme, which led to more than 6,000 departures during 1990–96; (b) a wage freeze from 1986 to 1992; and (c) an attrition policy that allows only two replacements for every three departures. 6 percent over the same period, and from 107 percent of tax revenue to 34 percent. 2).
LCU is local currency unit. Source: Updated WB database on PS employment—1996–99. ANNEX 2 47 the need to confront an entrenched central bureaucracy unwilling to give up its control over both internal (national budget) and external resources (externally funded investment programs). Another difficulty comes from the need to ensure that a sustainable local government system is put in place, because so far the transfer of mandates and authority to local governments has not been matched with financial resources and fiscal authority.
Three key public sector reforms—financial sector, privatization, and decentralization—have been initiated in recent years, but with very limited impact so far. Discussion of decentralization has also underscored the trade-offs between “frontal” civil service reform—with all the political risks it entails—and the potential gains from a more pragmatic, incremental approach to reform—working at the heart of intergovernmental relations (administrative, financial, and fiscal relations). 6 a. LCU is local currency unit.