Economic Governance and Management

• Background thinking: That the problems of governance in the economic arena were characterised by:
• Ineffective mobilisation of funds
• Dependency on aid
• Poorly performing financial sectors
• Weak central banks
• Budget processes not transparent and wasteful government spending
• Ineffective auditing bodies
• Environment not conducive to investment and hostile to the market
• Widespread and crippling corruption
• Poor infrastructure for economic growth
• Unpredictable public administration.

Thus, the review would assess:

• The promotion of macro-economic policies that support sustainable development
  - Soundness of macro-economic policy framework assessed
  - Trends of GDP and its derivates
  - Rates of job creation and unemployment
  - etc
• Transparent, predictable and credible economic policies and sound public finance management
  - Effective public administration, the Central Bank and regulatory authorities
  - Reliable and transparent budget process
  - Regular reporting of revenues and expenditure by Government
  - Autonomy of the Central Bank and the national auditing body
• The fight against corruption and money laundering
  - What concrete measures for fighting corruption exist – programmes and actions for prevention, prosecutions, convictions
  - Measures to strengthen and provide autonomy of action to anti-corruption institutions (such as the PCB, the judiciary, the TRA, offices of the directors of public prosecutions
• Acceleration of regional integration
  - Policies and actions that encourage and promote integration