Carlos Santiso is a governance adviser to the United Kingdom Department for International Development in Glasgow, UK, and a political economist at the Johns Hopkins School of Advanced International Studies in Washington, DC, USA. He specializes in the political economy of governance reform and public finance accountability in emerging markets, in particular, public budgeting and external auditing. An earlier version of this study appeared in the Review of the United Nations Economic Commission for Latin America and the Caribbean in 2004, the CEPAL Review no. 83 (2004). The research for this study was completed while the author was a Visiting Fellow at the Chilean Comptroller General's Office in August 2004. An expanded version of this study was presented at the 2005 Annual Conference of the Latin America and Caribbean Economic Association (LACEA) in Paris, France, in October 2005. It was awarded the Second Prize of the XVIII Competition of the Latin American Centre for Development Administration (CLAD) on the Reform of the State and the Modernization of Public Administration in Santiago de Chile on October 20, 2005. The usual caveats apply. The findings, interpretations, and conclusions expressed in this paper are entirely those of its author. They do not necessarily represent the view of the aforementioned institutions. He can be reached at firstname.lastname@example.org.
Banking on Accountability? Strengthening Budget Oversight and Public Sector Auditing in Emerging Economies
Article first published online: 1 JUN 2006
Public Budgeting & Finance
Volume 26, Issue 2, pages 66–100, June 2006
How to Cite
SANTISO, C. (2006), Banking on Accountability? Strengthening Budget Oversight and Public Sector Auditing in Emerging Economies. Public Budgeting & Finance, 26: 66–100. doi: 10.1111/j.1540-5850.2006.00847.x
- Issue published online: 1 JUN 2006
- Article first published online: 1 JUN 2006
This study reviews a decade of support by the World Bank and the Inter-American Development Bank to parliaments and external audit agencies in Latin America. It underscores recent developments in development finance reflecting a broader understanding of the determinants of fiscal credibility and financial integrity. It reveals a learning curve in multilateral assistance to budget oversight institutions. It argues that there exists unexplored potential to improve the effectiveness of multilateral assistance to budget oversight institutions, including in the choice of strategies and instruments. More fundamentally, it underscores the need to tackle the underlying political economy of public finance accountability.