Related items
Showing items related by title, author, creator and subject.
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Review of Governance of Collective Investment Funds in the New Member States of the European UnionThis review examines corporate
 governance practices in the investment fund sector of the
 ten new member states in the European Union, composed of the
 European countries that transitioned to market economies in
 the 1990s: the eight countries that joined the European
 Union (EU) in 2004 .Czech Republic, Estonia, Hungary,
 Latvia, Lithuania, Poland, Slovakia and Slovenia. plus
 Bulgaria and Romania which joined in 2007. Croatia, for
 which accession negotiations started in 2005, is also
 included in this Review. (For simplification, these
 countries will be referred to as the EU11.) The review draws
 on two sources for data. Over the last two years, in-depth
 diagnostic reviews of investment governance were conducted
 by the World Bank in two of the countries, the Czech
 Republic and Slovenia. The objectives of the reviews were to
 develop a set of good practices. for investment fund
 governance and provide specific recommendations for the
 supervisory authorities in each country. The second source
 was the public websites of each of the supervisory
 authorities. The analysis in the review also draws on a
 number of recent studies done by international organizations
 such as IOSCO and the EU on governance in the investment
 fund sector. This review does not attempt to replicate these
 studies, but instead aims to identify selected areas where
 fund governance could be strengthened either by laws and
 regulations or by government policies.
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Managing Resource-Induced Volatility in Papua New GuineaThis report reviews developments in
 Papua New Guinea (PNG) since independence, and looks at the
 issues relevant for saving and managing natural resources
 and resource induced volatility. These issues could serve as
 a useful basis for discussion of options the government of
 PNG could pursue as it emerges from the economic and
 financial crisis and looks forward to the start of operation
 of the PNG liquified natural gas (LNG) project. Although the
 wealth of international experience suggests several key
 areas for the attention of the authorities, many issues can
 be addressed only on the basis of detailed projections about
 future resource flows and investment outlays. Whether the
 rules will prove effective will also depend on other steps
 to enhance the fiscal framework. The World Bank can provide
 more detailed analysis, expertise and recommendations
 should such data become available.
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Republic of Liberia : Accounting and AuditingThis report provides an assessment of the corporate sector accounting, financial reporting, and auditing practices in Liberia. The assessment undertaken is positioned within the broader context of the country s institutional framework and capacity needed to enhance the quality of corporate financial reporting that is a key contributor to improving investor confidence and ultimately economic growth. Efforts are necessary for strengthening the capacity of the regulators and developing accounting and auditing standards in Liberia.