How do Treasury Systems Operate in Sub-Saharan Francophone Africa?
Jul 24, 2011
This IMF paper seeks to clarify the treasury system in Francophone Africa by describing its evolution and identifying resulting weaknesses. Although intended to promote transparency and prevent corruption, both the separation of ordering and disbursing payment and the centralization of funds are featured as lacking accountability. The detailed tracking of transactions reveals the public expenditure management in place, and cites the need for capacity-building, monitoring mechanisms, and better incentives.