In project finance, risks are allocated to the parties best able to manage them. However, the risk mitigation instruments incorporated in the project's contractual and financial arrangements need not be all-encompassing to provide the security investors require. Commitments may be limited in...

The report presented a detailed assessment of the infrastructure Public Private Partnership (PPP) financing market in Pakistan, including key financing gaps as existent in 2007. This note builds on the report by presenting an update of the state of the Pakistan infrastructure financing market as...

This summary assessment uses indicator-led analysis to provide an integrated assessment of the Public Financial Management (PFM) system which draws on international standards developed by various development partners. The purpose is to measure PFM performance across a wide range of development...

The objective of this indicator-led analysis is to provide an integrated assessment of the Public Financial Management (PFM) system of the Government of Himachal Pradesh (GoHP). The analysis draws on the International Monetary Fund fiscal transparency code and other international standards. The...

This report presents the public financial management and accountability assessment (PFMAA) for Pakistan's Sindh province. The assessment uses the public expenditure and financial accountability (PEFA) 2005 framework, which comprises 31 performance indicators to evaluate: (i) the six core public...

This report is based on a review of the strengths and weaknesses of corporate accounting and auditing practices in Afghanistan. It forms part of a joint initiative between the World Bank and the International Monetary Fund (IMF) on Reports on the Observance of Standards and Codes (ROSC), which...