Financial oversight

Home/Themes/Financial oversight

Combatting Corruption Capably in Parliamentary Democracies

2021-02-25T13:59:23+00:00February 24th, 2021|Events, Financial oversight|

This session is being delivered as part of the OECD Global Anti-Corruption & Integrity Forum 2021. The triangle interaction between parliamentary Public Accounts Committees, Supreme Audit Institutions and Anti-Corruption Agencies will be debated in this panel discussion, based on a review of the specific roles of these institutions in a parliamentary democracy in the context [...]

It’s complicated: Parliament’s relationship with anti-corruption agencies in Indonesia, Pakistan, and the Maldives

2021-01-28T17:01:48+00:00January 28th, 2021|Financial oversight, Parliamentary|

Corruption has a negative effect on development, economic growth, and democracy. Independent Anti-Corruption Agencies (ACAs) are often recommended as the tool to curb corruption. However, the creation of such agencies is not a panacea to the scourge of corruption. In some instances, ACAs have been a disappointment and their effectiveness has been questioned. Their efficiency [...]

Following the coronavirus money trail in Albania

2021-01-13T11:59:21+00:00January 12th, 2021|Financial oversight, Western Balkans Democracy Initiative|

In Albania, as in most other countries in the world, the COVID-19 pandemic posed an unusual health emergency that directly or indirectly affected the wellbeing of the citizens, economy, and other social processes. The government had to quickly adjust many decisions, including the state annual budget to address the problems and effects caused by the [...]

Combatting Corruption Capably: An assessment framework for parliament’s interaction with anti-corruption agencies

2021-01-06T09:48:51+00:00November 9th, 2020|Democracy and Governance, Financial oversight|

When the UK government published its Anti-Corruption Strategy 2017 to 2022, global corruption was recognised as having far-reaching effects, including prolonging extreme poverty, reducing economic activity, growth, trade and investment, and threatening international security. The World Bank’s analysis reinforces this, and there is no doubt that corruption is corrosive in many ways. Today, there exist [...]

Financial Accountability Series

2020-11-05T16:55:50+00:00November 5th, 2020|Financial oversight, Parliaments|

How governments spend taxpayers' money is too important to be left unchecked. Elected representatives, especially at a time of great pressure on state budgets, must be empowered to scrutinise and control spending decisions. To help them do this, Westminster Foundation for Democracy is launching a new series of policy briefs on parliaments and managing public [...]

European Commission notes achievements toward more accountable, inclusive democracy in North Macedonia

2020-10-15T16:10:39+00:00October 15th, 2020|Financial oversight, Persons with Disabilities’ Political and Policy Leadership|

The new European Commission Country Report on North Macedonia 2020 highlights the progress made by the Parliament of North Macedonia towards more inclusive and accountable democracy in the past year. The report notes two achievements which were supported by Westminster Foundation for Democracy (WFD) and its partners in the country: improvements made by the introduction [...]

Parliamentary Budget Office in North Macedonia presents their work and their first analysis to new MPs

2021-01-25T09:32:04+00:00September 21st, 2020|Financial oversight, Uncategorized, Western Balkans Democracy Initiative|

The Parliamentary Budget Office in North Macedonia established with the support of the Westminster Foundation for Democracy by the end of 2019 organised its first presentation to the members of parliament. The PBO presented its work and their first analysis оn the latest macroeconomic indicators to the newly established Parliament in the country. The presentation [...]

Policy Brief – The Role of Parliament in Public Debt Management: Weathering the COVID-19 Crisis and Beyond

2020-10-20T11:36:48+00:00July 8th, 2020|Democracy and Governance, Financial oversight, Parliaments, PDF Document|

Risk of debt distress can be analogous to standing too close to the edge of a cliff. Forces beyond out control, such as natural disasters, global economic downturns or falls in commodity prices can push countries right over the edge into debt distress. Indeed, the global economic crisis resulting from COVID-19 has pushed some countries [...]

Advocating for Transparency and Accountability in COVID-19 Funds Management in Nigeria

2020-06-11T08:37:59+00:00May 16th, 2020|Democracy and Governance, Financial oversight, Parliamentary|

In Nigeria, in addition to funds mobilised by government to fight the pandemic and support citizens, the private sector and the international community has contributed money and materials to support the fight against COVID-19.  However, it is important that democracy is promoted, by ensuring accountability and transparency in the use of the funds, inclusion, equality, [...]