The socio-economic rights and accountability project (serap) was created in 2004 and registered as a non-governmental, non-profit organization under nigerian laws. Apply oversight and control mechanisms to support accountability throughout the public procurement cycle, including appropriate complaint and sanction processes. Various economic factors need to be taken into account when determining the current and expected future value of a business or investment portfolio for a business, key economic factors include labor costs, interest rates, government policy , taxes and management. Governance & accountability a government accountable to its citizens is one of the cornerstones of an open society—helping to ensure fairness, economic equality, and civic participation the open society foundations work with governments and businesses to advance transparency, rule of law, and good governance around the world.
Accountability is essential in the financial industry without checks, balances and accountability doled out in the form of consequences, the integrity of the capital markets would not be able to. 91 economic globalization as experienced by the poor in india chandran paul martin contents 6 lwf documentation no 50 communion, responsibility, accountability 97 debt and trade from a latin american church perspective juan abelardo schvindt communion, responsibility, accountability. The accountability lab supports change-makers to develop and implement positive ideas for integrity in their communities, unleashing positive social and economic change. The urgency of bolstering corporate accountability for socio-economic rights is therefore apparent in light of this, this book asks whether corporations are required to observe socio-economic rights and if they are accountable for any violations.
Reconciling fiscal federalism and accountability: is there a low equilibrium trap 04 chapter introduction 41 taxation is not just a vehicle for raising state revenue it can also be critically important for economic and political development as besley and persson (2013) note, there is a. The survey also revealed that accountability seems to diminish the further down the leadership hierarchy you go of the respondents, 52% said they were satisfied with the accountability demonstrated by senior executives, but only 31% were satisfied with the performance of mid-level managers and only 30% were with frontline managers. Socio-economic rights and accountability project (serap) significance of the case: this case is significant both for its decision on the justiciability of the right to education protected under the achpr in the ecowas court as well as the ability of ngos bring public interest litigation cases within this. Definition of accountability: the obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a. Accountability the ecb is an independent institution which has discretion to use its instruments as necessary to carry out its tasks and fulfil its mandate accountability is the necessary counterpart to that independence the economic bulletin (formerly monthly bulletin) presents the economic and monetary information which forms the basis.
Presidential approval and economic evaluations according to both legislative powers and decree usage capped vertical bars indicate 95% con fi dence intervals. Economic accountability audit in china has combined characteristics of both financial audit and performance audit and also stood out with its unique features, thus making itself a new type of auditing in the following perspectives z auditees. The cost of accountability caroline m hoxby nber working paper no 8855 issued in march 2002 a non-technical summary of this paper is available in the september 2002 nber digest james poterba is president of the national bureau of economic research he is also the mitsui professor of economics at mit. As per the ndp ii, the accountability sector is composed of two sub sectors of (i) audit and (ii) economic and financial management services the objectives of the audit subsector are to: enhance the prevention, detection, and elimination of corruption.
Economic policies kenya’s macro-economic indicators indicated as high a [end pg 156] level of economic accountability as any country in the region during the study first, inflation was low, at. Created in 1945, the imf is governed by and accountable to the 189 countries that make up its near-global membership the imf has a system of checks and balances to ensure accountability—ranging from internal and external audits, risk management, and evaluations of its policies and operations. 2013, c 33 accountability in economic development assistance 3 october 30, 2014 (b) excluding a type or class of investment or financial assistance paid. Recently, economic accountability theory as a means by which to hold political leaders accountable in the industrialized world has been generalized in transitional democracies the theory advances how mass publics in young democracies evaluate and assess the performance of.
1 accountability in governance the offending party or remedy the accountability ensures actions and decisions taken by public officials are subject to oversight so as to. Economic accountability and strategic calibration in japan’s liberal democratic party barry c burden harvard university department of government. Economic accountability path mistakes in monetary policy can also stifle economic growth, but good monetary policy by itself may not be sufficient to create strong economic growth. Economic accountability in central america 35 ture, responsibility for economic outcomes is less clear and citizens may not know who to hold accountable since the president and the opposition.