Pursuing Financial Reforms Across Countries: Perils, Stresses and Rewards: An Exposé by an International Financial Specialist

Subra Ramamurthy

Feb 2019 · Notion Press

About this ebook

Government fiscal management systems have, in the last few decades, been evolving towards achieving greater transparency in government operations and accountability to international investors and the public, while delivering sustainable medium-term economic policies. Many countries slow to change were under pressure from international financial organizations to quickly adopt new standards. Implementation of reforms involved re-engineering of underlying processes and use of advanced information technology and communication tools, often requiring external expertise and financing.

Subra Ramamurthy, an international specialist in this field, has worked in approximately 25 countries.  These range from Tanzania to Papua New Guinea to countries transitioning to market economies like Kazakhstan and Russia as well as the tumultuous Middle East, including Iraq and Palestine.

Setting aside fuzzy diplomatic-speak of international organizations, this finance management specialist provides a frank disclosure of challenges faced whilst bringing about reform in countries of diverse cultures, historical legacies, and civil service mindset.

He and his family faced stress and dangerous situations as his efforts discovered large-scale misappropriation of government funds and unauthorized diversions.  However, he believes, these were balanced by the personal satisfaction of preparing reform roadmaps and witnessing their full implementation using the latest technology.

Analytical and informative, this book is a frank expert account on the minefield of troubled economies. Peppered with personal anecdotes, it provides an insight into the successful achievement of fiscal system reforms.

About the author

Subra Ramamurthy FCCA, FCIS (UK), Ph.D (USA) is an economist with public finance specialization. He has worked with the International Monetary Fund since 1991 as its fiscal resident/peripatetic advisor in many countries, helping them restructuring their economies, and on IMF diagnostic and technical assistance missions to various countries in Africa, central Asia and Europe. He has also done training assignments in the Vienna IMF-WB Institute and worked periodically with other international organizations such as the Commonwealth Fund for Technical Cooperation, United Nations, World Bank, Asian Development Bank and Arab Monetary Fund.

He has successfully presented papers at many international conferences organized by the UN and the IMF on Papua New Guinea and Kazakhstan models. The IMF also published his working papers on progress made by countries where he helped modernize their systems.