IMF Official highlights need for strong civil service and dangerous risks associated with PPPs - latest PSI " privatisation watch bulletin exposes
IMF Official highlights need for strong civil service and dangerous risks associated with PPPs - it seems that some officials are finally starting to admit that PPPs don’t live up to the hype - and that a strong civil service is key in mitigating risks created by the private sector.
Strengthening the notion of civil service as a vocation in developing countries is critical to building the institutions needed for sound economic governance, an International Monetary Fund official has told Public Finance International.
Many of the world’s poorest countries suffer from a dearth of skilled civil servants in areas like public accountancy, administration or financial management, with those that are trained in such roles quickly poached by the private sector.
Gerd Schwartz, deputy director at the IMF’s Institute for Capacity Development, added that underpayment and a lack of professionalization meant that in some countries work in the public sector was viewed with disdain.
