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Fiscal Decentralization and Fiduciary Risks: A Case Study of Local Governance in Nepal

dc.contributor.authorGambhir Bhatta
dc.description.abstractThis 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.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleFiscal Decentralization and Fiduciary Risks: A Case Study of Local Governance in Nepal
dc.typeWorking Papers
dc.subject.expertProject Evaluation & Review Technique
dc.subject.expertEvaluation Strategies
dc.subject.expertEvaluation Criteria
dc.subject.expertImpact Evaluation
dc.subject.expertRisk Financing
dc.subject.expertInfrastructure Financing
dc.subject.expertFinancial Risk Management
dc.subject.expertFinancial Crisis
dc.subject.adbEnvironmental impact assessment
dc.subject.adbNeeds assessment
dc.subject.adbCost benefit analysis
dc.subject.adbCapital Needs
dc.subject.adbInsurance Companies
dc.subject.adbFinancial Emergency
dc.subject.adbProject Risks
dc.subject.adbDevelopment Banks
dc.subject.naturalEcological risk assessment
dc.subject.naturalEnvironmental impact statements
dc.subject.naturalCumulative effects assessment
dc.subject.naturalEnvironmental impact analysis
dc.subject.naturalRisk assessment
dc.subject.naturalCountry finance
dc.subject.naturalCatastrophe bonds
dc.title.seriesSouth Asia Working Paper Series
dc.title.volumeNo. 5
dc.contributor.imprintAsian Development Bank
oar.adminregionSouth Asia Region
oar.authorBhatta, Gambhir

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  • ADB South Asia Working Paper Series
    The South Asia Working Paper Series of the Asian Development Bank (ADB) is a forum for ongoing and recently completed research and policy studies undertaken in ADB or on its behalf. The series is a knowledge product that replaces the South Asia Economic Report and South Asia Occasional Paper Series. It is meant to enhance greater understanding of current important economic and development issues in South Asia, promote policy dialogue among stakeholders, and facilitate reforms and development management. The ADB south Asia Working Paper Series, maintained by the South Asia Department of ADB, is a quick-disseminating, informal publication whose titles could subsequently be revised for publication as articles in professional journals or chapters in books.

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