The role and challenges of intergovernmental transfers in Asia / Yun-Hwan Kim and Paul Smoke -- Intergovernmental fiscal transfers / Larry Schroeder and Paul Smoke -- Cambodia / Leonardo G. Romeo -- India / D.K. Srivastava -- Indonesia / Blane D. Lewis -- Pakistan / Nuzhat Ahmad and Syed Ashraf...

"While decentralization of education in DMCs has largely been driven by fiscal constraints, it has also been motivated by concerns about the effectiveness of a centralized system in delivering education services. The statistics are revealing: while virtually all DMCs have made impressive gains...

Introduction -- Key players -- Budgeting -- Onlending arrangements -- Foreign exchange and interest rate risks -- Funds flow arrangements -- Accounting and reporting --Auditing arrangements -- Summary of risks and issues, and proposed mitigating actions and improvements