01867cas a2200241 a 4500 AALejournalIMF001862 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974973 1934-7456 BD-DhAAL BD-DhAAL Riechel, Klaus-Walter. Public Financial Management : Principal Issues in Small Pacific Island Countries / Klaus-Walter Riechel. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (21 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper discusses reform in public financial management in small, resource-constrained economies such as the Pacific island countries (PICs). It describes the efforts undertaken by PICs in the past and assesses their results. A principal conclusion is that reform in public financial management needs to be defined against the capacity of countries to sustain it at the national level. This requires a careful definition of priorities for action and the determination of appropriate pacing and sequencing of reform. In this decision, achievement of the imperatives of expenditure control and sustainability of deficits is typically more important than exploitation of the scope for efficiency gains promised by "cutting edge" public financial management systems. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2002/001 Full text available on IMF http://elibrary.imf.org/view/journals/003/2002/001/003.2002.issue-001-en.xml IMF e-Library