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How Timor-Leste in ASEAN Can Drive Investment and Export Growth
Timor-Leste aims to shift from oil-funded public spending to a private sector-driven economy by boosting investment and trade as part of the Association of Southeast Asian Nations.
Larger Capital Markets Are Powering Job Creation and Investment
The expansion of domestic capital markets is driving significant gains in firm productivity, investment, and employment in low- and middle-income countries. Recent research shows that easing financial constraints through capital markets supports sustainable economic development and a more efficient allocation of resources.
Internal Audit’s Unsung Role in Development
Strengthening internal audit through independence, adherence to international standards, and a risk-based approach can drive better governance, service delivery, and accountability.
Preparing the Nation for Integration: Timor-Leste’s Path to ASEAN
Timor-Leste has taken major steps toward joining the Association of Southeast Asian Nations, but challenges remain. Strengthening governance, promoting investments, expanding trade, and enhancing human capital are still needed
How Performance Audits Can Drive Efficiency and Development Impact
Performance audits play a crucial role in improving the management and use of public funds, resulting in more effective and efficient government operations. Enhancing the capacity of supreme audit institutions to perform these audits is critical for improving public accountability and achieving development goals.
Three Ways to Boost Government Transparency and Fight Corruption
Adopting international standards, leveraging digital platforms, and strengthening oversight are key to transparency in government financial reporting. Improved transparency enhances accountability, reduces corruption, and supports Sustainable Development Goals.
Why Nations Succeed: Three Ways to Enhance Capacity for Resilient Development
Building intellectual capacity and fostering learning partnerships enhance long-term capabilities in organizations and communities. Localized solutions rooted in indigenous knowledge and governance reforms empower societies to achieve resilient, sustainable development.
Five Ways to Strengthen Public Financial Management Systems and Drive Reform
Public financial management systems in Asia and the Pacific face significant challenges, with many indicators falling short of international standards. Fixing these issues requires a strategic, transparent, and carefully timed approach to reform.
We Must Keep up the Momentum on Developing Local Currency Bond Markets
Local currency bond markets play a crucial role in fostering economic stability in Asia and the Pacific, reducing foreign exchange risks, and supporting sustainable development in emerging economies.
Three Actions for More Equitable School Funding
In Nepal, there is a misalignment of equalization grants with actual service delivery costs. Reforms are needed to ensure fair distribution based on need. Integrating different grant types to address fiscal disparities and enhancing local governance in education are key steps moving forward.