Introduction Corruption has a highly damaging effect on many developing countries. In this presentation, we define corruption, provide examples of public sector corruption and examine its effects (and the costs). We look at the relationship between public financial management (PFM)…
By David Fellows, John Leonardo and Cornelia Körtl[1] Revelations in the Panama Papers released earlier this month have focused international attention on the hidden financial structures that facilitate the transfer of assets obtained through both legal and criminal means to…
SlideShare presentation We have prepared a SlideShare presentation that discusses the desperate state of Papua New Guinea’s public financial management (PFM). The presentation highlights a deteriorating trend in the country’s PFM over recent years and its very poor recent performance…
By David Fellows and John Leonardo[1] Background on Papua New Guinea (PNG) Papua New Guinea (PNG) is a lower-middle-income economy heavily dependent upon commodity exports. It has an extremely diverse social structure with fierce clan loyalties, characteristics that provide severe…