macroeconomic environment. The APRM questionnaire on Economic Governance
and Management lists about sixteen standards and codes on the basis of which a
country should be evaluated.
I.
Summary of the CSAR
271
In recognition of the importance of complying with international standards and
codes, as stated above, Ethiopia has adopted several standards and codes at
the international and regional level, and internally, especially in the fiscal and
financial sector.
272
Below are standards/codes which Ethiopia has ratified and, in some cases,
domesticated or streamlined into national legislation:
• Abuja Treaty Establishing the African Economic Community;
• Treaty Establishing the Common Market for Eastern and Southern
Africa/COMESA;
• Constitutive Act of the African Union (2000);
• The NEPAD Framework Document Memorandum of Understanding On
the APRM (2001);
• African Union Conventions on Preventing and Combating Corruption;
• Inter-Governmental Authority on Development (IGAD); and,
• The Pan-African Parliament.
273
In addition to the above, at the country level, Ethiopia has adopted several
proclamations for effective public financial management that include codes of
good practice on fiscal transparency, auditing and accounting standards.
274
The main laws, proclamations and regulations for public financial management include:
• Constitution of the Federal Democratic Republic of Ethiopia (1994);
• Proclamation on the definition of powers and duties of the executive
organs (04/1995);
• Federal Government of Ethiopia Financial Administration Proclamation
No. 57/1996;
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