Searle, Bob; Ma, Jun; Piperno, Stefano; Ahmad, Ehtisham - International Monetary Fund (IMF) - 2002
Intergovernmental equalization grants have been described as “the glue that holds a nation together.” Getting the grants system right is critical to countries as they decentralize. This paper illustrates general principles with an example based on Indonesia in 2000. A general grant should be...