Understanding the role of consultants in public finance management
Public finance consulting is very important. It, therefore, needs a good approach. First, it is important to understand who the private sector consultant is accountable to, the country to which they are helping or the donor paying their bill? Private sector consultants are used in managing and implementing public finance tasks, yet questions of accountability are under-examined. It is therefore important for donors to pay more attention to role consultants are playing in the reform of public finance management. The World Bank alone generates approximately 40000 consultant contracts every year. There is an increase in the use of public finance consultants in the management of public finance and public sector reform generally. It is yet surprising that there is very little attention on the impact and role of consultants at the country level. What should we concentrate on then? While public consulting firms are in business to offer services and get paid for specialized a