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This book focuses on the need to "put the management in charge" of
the implementation of public investment and public policies, in
order to render as flexible as possible the project response to the
unforeseen changes in the environment, in a world where uncertainty
and irreversibility dominate. In particular, the book reviews the
attempts from several countries to: (i)Empower managers to move
away from ex-ante controls, while increasing accountability through
continuous monitoring and evaluation of performance; (ii)Make
project design more flexible through modularity and sequencing;
(iii)Assess projects not as a product but as a process of value
creation, and as a part of an overall national policy strategy;(iv)
Introduce a medium term expenditure framework to lengthen the
public financial commitments and ensure financial predictability in
the budget process.
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