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Enhancing Public Financial Management: The PEFA Framework and Reform Cooperation

The PEFA Framework, initiated in 2005 by organizations such as the World Bank and IMF, provides a comprehensive approach to improving public financial management (PFM) through a country-led agenda. This framework assesses fiscal discipline, resource allocation, and service delivery efficiency, facilitating coordinated donor support and enhanced government ownership of reforms. With 245 assessments in 134 countries, PEFA promotes transparency and accountability in budgeting, and fosters stakeholder collaboration to address PFM weaknesses, ultimately supporting local governance and decision-making processes.

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Enhancing Public Financial Management: The PEFA Framework and Reform Cooperation

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  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

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