The Centre provides knowledge services and capacity development assistance. Services include analytical and advisory services, learning and skill development, know-how and knowledge transfer, and technical assistance and institutional strengthening. All CFRR publications are available on this site.

STAREP Progress Reports

Report | 2023

The CFRR produces regular reports for its main programs to inform donors, participants and other stakeholders of how the programs are developing. These progress reports summarize the activities carried out under the program and outline how the experience gained will be used to improve the design of the next stages of the program.

Focus Areas

Benefits of Accrual Accounting in the Public Sector

Report | 2022

This paper focuses on the application of accrual accounting in public sector entities. The objective of the study is to illustrate benefits – but also costs – related to the implementation of this accounting system.

Focus Areas

Kyrgyz Republic: Integrated State-Owned Enterprises Framework Assessment

Report | 2021

Notwithstanding its significant downsizing due to the country´s transition from a planned to a market economy, the public sector in Kyrgyz Republic still owns one hundred thirty-six SOEs, with the largest ones operating in strategic and economically important sectors. The main objective of this integrated state-owned enterprises framework assessment (iSOEF) is to analyze the economic and fiscal impact of the Kyrgyz state-owned enterprise (SOE) portfolio, and identify ways to strengthen its performance and corporate governance.

Focus Areas

Strengthening fixed asset management through public sector accounting

Report | 2020

This PULSAR knowledge product elaborates mechanisms through which asset accounting may contribute to optimize fixed asset portfolios of governments by providing scientifically sound and practical answers to the following main questions:

Focus Areas

Tertiary accounting education reform in the Kyrgyz Republic

Report | 2020

The report was prepared as part of the implementation of KAREP’s Component 3 “Improving accountancy education, financial literacy, and use of financial information”. The report aims to assist universities improve their accounting education curricula. It analyzes existing university programs in accounting and auditing and makes recommendations to achieve closer alignment to the International Education Standards (IESs) and best practices, in particular by leveraging the World Bank Centre for Financial Reporting Reform’s accounting education activities.

Focus Areas

PULSAR Progress Reports

Report | 2019

PULSAR program produces regular reports to inform donors, participants and other stakeholders of how the programs are developing. These progress reports summarize the activities carried out under the program and outline how the experience gained will be used to improve the design of the next stages of the program.

Focus Areas

EU-REPARIS Progress Reports

Report | 2018

The CFRR produces regular reports for its main programs to inform donors, participants and other stakeholders of how the programs are developing. These progress reports summarize the activities carried out under the program and outline how the experience gained will be used to improve the design of the next stages of the program.

Focus Areas

Serbia - Public sector accounting review: report on the enhancement of public sector financial reporting

Report | 2017

The government’s public financial management (PFM) Reform Program 2016-2020 foresees the gradual transition of public sector financial reporting from a cash basis to an accrual basis of accounting and the application of International Public Sector Accounting Standards (IPSAS). This will significantly improve the quality of financial information and should enable better informed decision-making, more efficient use of public funds and resources and improved fiscal performance.

Focus Areas

Small and Medium Enterprises: Financial Information As A Catalyst For Lending - Results of a Survey on Bank Lending Practices in Serbia

Report | 2017

The study of bank lending practices to SMEs in Serbia, based on a survey of six of the largest banks, finds that financial statements are a significant input to banks’ lending decisions to SMEs. The report was disseminated on 17 October 2017 in Belgrade at the Banking Association; in attendance were representatives from ten commercial banks (some of which had participated in the study), the Ministry of Economy, and other stakeholders. The meeting acknowledged the findings and conclusions of the study and found them in line with their own practices.

Focus Areas

The Republic of Moldova: Support to State Owned Enterprises (SOEs) - Preliminary Diagnostics and Reform Assessment Report

Report | 2017

This report is the result of research and analysis undertaken as technical assistance to the Ministry of Finance of the Republic of Moldova, delivered by the World Bank Governance team in collaboration with the UK’s Good Governance Fund. It focuses on the issues identified by OECD Guidelines on Corporate Governance as important in ensuring that state owned enterprises (SOEs) operate in an efficient, transparent and accountable way.

Focus Areas