conducting a comprehensive survey of the implementation problems confronting the sector and dealing decisively with them. (Federal government, state government and the respective ministries of agriculture) • The operations of credit markets be reviewed and measures adopted to make funds readily available and accessible to support the real sector and long-term development imperatives. [CBN, Ministry of Finance, the financial sector and (especially) the banking subsector] • The efficiency of the capital market be improved to: clear and settle transactions; increase the level of awareness by the public about the role of the capital market; protect investments; and ensure the security and transparency of transactions. (Ministry of Finance and the CBN) • A pact with state and local governments be negotiated to ensure that the reforms for sustainable development are implemented in coordinated and coherent ways. (Federal government, and state and local governments) OBJECTIVE 2: i. IMPLEMENT SOUND, TRANSPARENT AND PREDICTABLE ECONOMIC POLICIES Summary of the CSAR Effective and transparent public administration 571. The CSAR identifies several measures that have been introduced to make economic policies predictable. These include: adopting the MTEF; designing an MTSS for each MDA; preparing, since the 2004 budget, a Fiscal Strategy Paper; providing the public with full information on the past, current and projected fiscal activities of the government; and demystifying the budget and making it more accessible to the public by publishing a leaflet called Understanding the ABCs of the budget and a more detailed, but still basic, citizen’s guide to the budget. There are several others, including: publishing (since January 2004) the monthly revenue allocations to the three tiers of government (federal, state and local); publishing the monthly warrants showing allocations to the federal ministries and agencies for recurrent costs; publishing quarterly warrants showing allocations for capital costs and rudimentary quantitative and qualitative performance indicators by major spending ministries and agencies so as to link allocations in the budget to results on the ground; monitoring budget performance quarterly; the midyear review; and making a presentation on performance or implementation to the legislature and the public These measures have enabled CSOs and other stakeholders to get information previously regarded as ‘secret’ and ‘confidential’ by public servants reluctant to disclose public funds assigned to them to carry out their functions. 572. A long list of notable initiatives includes: • 172 Managing the Excess Crude Account at the CBN.