1 / 4

PEFA Framework A joint approach to improving Public Financial Management

HLF4 KNOWLEDGE AND INNOVATION SPACE. PEFA Framework A joint approach to improving Public Financial Management. Partners Initiated in 2005 by The World Bank / European Commission / International Monetary Fund

lorne
Download Presentation

PEFA Framework A joint approach to improving Public Financial Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. HLF4KNOWLEDGE AND INNOVATION SPACE PEFA FrameworkA joint approach to improving Public Financial Management Partners Initiated in 2005 by The World Bank / European Commission / International Monetary Fund The UK Department for International Development, French Ministry of Foreign Affairs, Norwegian Ministry of Foreign Affairs / Swiss State Secretariat for Economic Affairs

  2. HLF4KNOWLEDGE AND INNOVATION SPACE Background The Strengthened Approach in Reform of Public Financial Management Ownership : a country-led agenda reflecting country priorities and implemented through government structures A coordinated program of support from donors and international finance institutions A shared information pool on public financial management based on a common assessment framework The PEFA Performance Measurement Framework D. Donor Practices (D-1-3) C(1) Policy-based budgeting (PI-11-12) C. Budget Cycle A. PFM Outturns B. Comprehensiveness and Transparency (PI-5-10) Budget Credibility (PI-1-4) C(4) External scrutiny and audit (PI-26-28) C(2) Predictability and control in budget Execution (PI-13-21) C(3) Accounting, Recording and Reporting (PI-22-25)

  3. HLF4KNOWLEDGE AND INNOVATION SPACE The PEFA FrameworkObjectives PEFA in PFM Reform Cycle Implement PFM reforms • To determine if a country has the tools to deliver three main budgetary outcomes: • aggregate fiscal discipline • strategic resource allocation • efficient use of resources for service delivery High level performance overview Formulate PFM reform program PEFA Assessment Identify main PFM weaknesses Recommend PFM reform measures • Innovation • Measures progress through a set of standardized indicators • Builds capacity for PFM reform through diagnostic and periodic progress monitoring • Facilitates donors’ decision on use of country systems • Promotes joint country analytical work • Fosters stakeholder coordination around one common assessment tool Investigate underlying causes

  4. HLF4KNOWLEDGE AND INNOVATION SPACE Results/ApplicabilityGlobal adoption by partner countries and donors • 245 assessments undertaken in 134 countries; 116 publicized reports • PEFA Framework used by governments in most countries to take control of their PFM reform agendas • Government ownership critical for: • Assessment credibility • Integration into reform dialogue • “Repeat assessments” demonstrate changes in performance – monitoring results of reform efforts Geographical PEFA experience ; • Country focus and decision • Application entirely decentralized to the country level (if, when, how to use Framework) • The Framework does not ‘belong’ to any single organization • Applicable for central government level as well as sub-national level • PEFA data provides opportunity for peer learning and research

More Related