Public Finance and Economic Growth in Developing Countries

Stephen B. Peterson is a specialist in public financial management advising governments, international agencies, and donors in the development field. He initiated the Executive Program in Public Financial Management at Harvard University in 1986 and led it until 2010. He has directed two long-term financial reforms (Kenya 1986--94; Ethiopia 1996--2008), managing the collaboration of national and regional governments and international agencies. Dr. Peterson is Professor of Public Finance at the University of Melbourne, Australia.

• Part 1. Understanding Public Financial Management Reform 1. The Ethiopian Public Finance Reform---A Case Study for Yitchalal! 2. The Drivers of Public Sector Reform 3. The Necessary Conditions for a Successful Financial Reform Part 2. The Ethiopian Reform 4. The Budget Reform: Toning Up Tradition 5. The Accounts Reform: A Long Shot 6. Financial Information Systems: Supporting, Not Driving, Reform 7. The Planning Reform: From Financial Administration to Financial Management Part 3. Lessons for the Developing and the Already Developed 8. The Tests of Time: Two Roads 9. How to Reform a Public Financial System: Public Financial Administration or Public Financial Management? 10. Recreating the Field of PFM for the Twenty-first Century