Download or read book A Public Financial Management Framework for Resources-Producing Countries written by Jean-Luc Hélis and published by International Monetary Fund. This book was released on 2010-03-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.