The study seeks to identify institutional, and procedural factors which may facilitate, or hamper the effectiveness of social services, and inter-governmental fiscal arrangements. Based on existing research on decentralization, the success of decentralized service delivery depends on factors,...

The study seeks to identify institutional, and procedural factors which may facilitate, or hamper the effectiveness of social services, and inter-governmental fiscal arrangements. Based on existing research on decentralization, the success of decentralized service delivery depends on factors,...

This Public Expenditure and Institutions Review (PEIR) was undertaken at a critical juncture of public expenditure management in Romania. Following three years of economic decline, the economy began growing in 2000, reaching a real GDP growth rate of 5.3 percent in 2001. The Government thus...

This poverty assessment for Romania covers the period from 1995 to 2002, since the last World Bank poverty analysis reviewed the evolution of poverty from 1989 to 1994, the early years of transition from a socialist to a market economy. This assessment's objective is to understand how poverty...

This poverty assessment for Romania covers the period from 1995 to 2002, since the last World Bank poverty analysis reviewed the evolution of poverty from 1989 to 1994, the early years of transition from a socialist to a market economy. This assessment's objective is to understand how poverty...

As of 2002 , with the adoption of the law on public finance (LPF), the Romanian Government appears to have established a comprehensive legal base for appropriate institutions of public financial accountability. The Country Financial Accountability Assessment (CFAA) recommends that the Ministry...

This Country Economic Memorandum (CEM) looks at the broad reform program, including institutional, governance, and economic restructuring reforms Romania is pursuing, which are anchored in its process for accession to the European Union (EU). The challenge is to expand integration with the EU...

This Country Economic Memorandum (CEM) looks at the broad reform program, including institutional, governance, and economic restructuring reforms Romania is pursuing, which are anchored in its process for accession to the European Union (EU). The challenge is to expand integration with the EU...

Financial reporting and auditing requirements in Romania are currently in transition, from compliance with national standards, to compliance with International Accounting Standards (IAS), International Standards on Auditing (ISA), and the European Union (EU) Directives. Romania's legal framework...

This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in Romania, and updates the assessment completed in 2002. Strengths and weaknesses are highlighted and policy recommendations formulated. The major issues are driven by...