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The Central Bank plays a critical role in the economic life of smaller nations. The primary objectives of the bank are to promote price stability and to ensure that the economy remains healthy.
The United Nations decision-making deliberations are unique. Administrative matters are complex and each country representative needs to understand the substance of the issues that are being voted on.
For many developing countries, a lack of resources and professional knowledge and high risk of corruption, inhibit many governments from setting up risk-based assurance mechanisms – especially effective internal auditing functions.