Fiscal Decentralization and Fiduciary Risks: A Case Study of Local Governance in Nepal
Bhatta, Gambhir | June 2011
Abstract
This study analyzes the risks inherent in the existing fiscal transfer system to local bodies in Nepal, particularly those related to block grants. It argues that the nature and severity of these risks with respect to the government’s flagship Local Governance and Community Development Program are such that they need to be understood in the broader context of the general public financial management (PFM) system as well as the constraints inherent in local governance. The study concludes that mitigating risks in intergovernmental fiscal transfers should focus on, among others, continual and real-time review of performance benchmarks, upgrading the risk monitoring protocols, enhancing accountability mechanisms at local body level, and enhancing local body capability to manage PFM-related processes.
Citation
Bhatta, Gambhir. 2011. Fiscal Decentralization and Fiduciary Risks: A Case Study of Local Governance in Nepal. © Asian Development Bank. http://hdl.handle.net/11540/1412. License: CC BY 3.0 IGO.Keywords
Project Evaluation & Review Technique
Evaluation Strategies
Evaluation Criteria
Impact Evaluation
Risk Financing
Infrastructure Financing
Financial Risk Management
Financial Crisis
Environmental impact assessment
Needs assessment
Cost benefit analysis
Capital Needs
Insurance Companies
Financial Emergency
Project Risks
Development Banks
Ecological risk assessment
Environmental impact statements
Cumulative effects assessment
Environmental impact analysis
Risk assessment
Country finance
Catastrophe bonds
Insurers
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Citable URI
http://hdl.handle.net/11540/1412Metadata
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