GIFT HighLevel Principles Draft Expanded Version Murray Petrie

GIFT High-Level Principles: Draft Expanded Version Murray Petrie GIFT Stewards meeting MITRE Corporation, Washington DC, 10 October, 2017

Objectives of the Expanded Version • Explain the role of HLPs in promoting fiscal transparency globally • Provide quick overview of multiplicity of instruments/entry points • Set out relationships between Principles, norms, and practices • To particularly publicise material on HLP 10 on participation • To prompt consideration of where norms and assessments of practice may need strengthening to better realise the aspirations in the High. Level Principles.

Table of contents I. Introduction a. The purpose of the Expanded Version b. The structure of the document II. The formation of GIFT and the role of the High-Level Principles III. Mapping of current international fiscal transparency standards and norms IV. Guide to the GIFT High-Level Principles [1 -10]

Structure of each expanded Principle For each of the ten Principles the document sets out: • Why the Principle is important. • As necessary, definitions of key terms. • How the Principle is reflected in existing international norms and standards. • Selected country practices. • Sources of further information and guidance.

Please provide feedback on the draft • We are looking for feedback on any aspect • Any views on where norms, and/or assessments of practice may need strengthening or refining? Please send your comments, by 15 December, to the GIFT Coordination Team at: info@fiscaltransparency. net