How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?

By Luc E. Leruth, Dominique Bouley, Jerome Fournel

March 1, 2002

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Luc E. Leruth, Dominique Bouley, and Jerome Fournel. How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Treasury systems in sub-Saharan francophone African countries share many features with the French public expenditure management system of the sixties on which they were modeled. However, in a different economic and institutional environment, key elements of this framework have evolved in unexpected, unwelcome directions. This paper critically examines two main features of the French system in the sub-Saharan francophone African context: the strict separation between the person ordering payment and the one disbursing funds, and the centralization of funds in the treasury. This examination calls attention to—and suggests remedies for—the specific flaws that have evolved from the traditional framework.

Subject: Arrears, Budget execution and treasury management, Budget planning and preparation, Currencies, Expenditure, External debt, Money, Public financial management (PFM)

Keywords: Africa, Arrears, Budget execution and treasury management, Budget planning and preparation, Control mechanism, Currencies, Expenditure process, Financing expenditure, Government, Minister of finance, Monitoring, Payment, Payment order, Public treasury, State audit Office, Treasury, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/058
Stock No:

WPIEA0582002
ISBN:

9781451847871
ISSN:

1018-5941

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