Establishing national monitoring and evaluation systems for foreign economic policy implementation

Abstract

Introduction. The increasing demand in government regulation transparency creates a special focus on introduction of the monitoring and evaluation (M&E) system. The article analyzes the current practices of the national governments in development and implementation of the M&E systems for assisting international development. With the help of the M&E component, the governments, on the one hand, improve accountability to taxpayers, and, on the other hand, M&E increases program's overall efficiency. Methods of research . The game theory is used as a key method of the study. It allows identifying the logic of choosing a specific M&E system in different countries, as well as analyzing the key factors affecting its implementation. Research results . The main principles for the formation of national M&E systems were identified as a result of the analysis, and three levels (general, strategic and coalition) of actions were identified that determine the decision-making process on assessment systems. Conclusion. In conclusion several policy recommendations are proposed on how to use the M&E system to increase the effectiveness of state foreign economic programs.