01812cas a2200241 a 4500 AALejournalIMF005768 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451872439 1018-5941 BD-DhAAL BD-DhAAL Allen, Richard. The Challenge of Reforming Budgetary Institutions in Developing Countries / Richard Allen. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (28 pages) IMF Working 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 notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time?200 years or more?and is still evolving. It discusses Douglass North's prediction?which is supported by available data?that institutional reform is also likely to be very slow in developing countries since the budget is especially prone to rent-seeking influences. Finally, the paper discusses the currently fashionable emphasis on complex, multiannual PFM reform strategies, which have been strongly promoted by the donor community; and advocates a simpler approach grounded on Schick's important principle of "getting the basics right." The paper identifies several areas where further research would be fruitful. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/096 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/096/001.2009.issue-096-en.xml IMF e-Library