The pefa partners, including the world bank, announced the release of the new version of pefa, a framework for assessing public financial management pfm performance. Indonesia has experienced strong economic growth and steady poverty reduction over the past decade,but the end of the commodity boom, accompanied by slowing poverty reduction and rising inequality, has put pressure on the countrys overall economic development. The public financial management pfm performance measurement framework is an integrated monitoring framework that allows measurement of country pfm performance over time. Poverty reduction and economic management prem network of the bank under the guidance of cheryl gray. The research quantified pefa scores and aggregated them into overall scores which required developing assumptions on weighting scores, measures, and assessments. The second part contains an imf staff commentary on fiscal transparency in peru. The new procurement framework reflects the views, knowledge, and expertise of a wide range of stakeholders from across the globe.
Pefa, public financial management, and good governance the research is based on the pefa framework and methodology for assessing public financial management performance and the data set that is generated from the pefa assessments. Visit world bankrosc and imfrosc to obtain more rosc reports. Comments on the handbook should be addressed to malcolm holmes at the world bank, 1818 h street, washington, d. Download the framework document to learn more about pefa 2016. Pefa 2016 framework public expenditure and financial. A pefa assessment measures the extent to which pfm systems, processes and institutions contribute to the. This paper presents a modernized procurement framework framework, with a recommendation for board approval, following endorsement by the committee on development effectiveness code and the audit committee ac. The overall evaluation of the performance of the pefa programme is a resoundingly positive one is the first sentence in the main findings section of executive summary of the recently published independent evaluation report of the pefa programme. Where there are pfm weaknesses, the report provides information on areas that reform activity should address more strongly. Bankifcmiga access to information policy designation public.
Pefa, public financial management, and good governance by. Indonesia public expenditure and financial accountability pefa. Data on statistical capacity the world banks statistical capacity indicator is a composite score assessing the capacity of a countrys statistical system. The pefa framework provides the foundation for evidencebased measurement of countries pfm systems. Georgia public expenditure and financial accountability pefa. Its performance measurement framework is the gold standard for assessing pfm performance director, governance global practice, the world bank. Procurement policy world bank new procurement framework. Visit world bank rosc and imfrosc to obtain more rosc reports.
Pefa 2016 is the most significant upgrade to the pefa framework since its inception in 2001. The paper assesses the budget credibility at central government level since 200607 following the pefa framework. Visit world bank kenya to read more reports on reports on kenya. Pefa, public financial management, and good governance. Medium term expenditure framework mtef the medium term budget strategy paper 2010112012 the report is organized as follows.
Stocktaking study of pfm diagnostic instruments volume i oecd. Hart schafer, world bank vice president for operations policy and country services. Although the program tf is administered by the wbg, but not funded by the wbg, it is important that the pefa program framework is seen as autonomous so all. Pefa is a multiagency partnership program sponsored by. Pefa, public financial management, and good governance english abstract. The team highlighted reform areas under each indicator. Public expenditure financial accountability pefa assessment frans ronsholt, head, pefa secretariat and franck bessette, pfm expert pefa secretariat the first session presents the background, objectives and activities of the pefa program as well as the content and methodology of the pfm performance measurement framework. The bank has developed an online tutorial and frequently answered questions faq page which deals with the basics of using their web sites. The public expenditure and financial accountability pefa program is a multidonor partnership that was founded in december 2001 between the world bank, imf, ec, dfid, the french ministry of foreign affairs, norad, and seco. Pefa 2016 has been developed to reflect the changing landscape of pfm reforms and the evolution of good practices.
Mongolia public financial management performance report. Supplementary framework for assessing gender responsive public financial management. Pefa provides the tool for us to be able to see whether we have made progress in the planning and budget processes, financial reporting and accounting, in. The world bank group is preparing a country partnership framework 20172021 to guide its support to ethiopias development efforts. Public expenditur e and financial accountability pef a. The research is based on the pefa framework and methodology for assessing public financial management performance and the data set that is generated from the pefa assessments. Proposed format for revised indicator set world bank.
Hypothetical facts to work with child mortality rate is very high. Most of the deaths come from diarrhea, which is easily preventable. Pefa, public financial management, and good governance english. The environmental and social framework esf enables the world bank and borrowers to better manage environmental and social risks of projects and to improve development outcomes. Public expenditure and financial accountability pefa framework and related. All queries on rights and licenses should be addressed to world bank publications, the world bank group, 1818 h street nw, washington, dc 20433, usa. The report was updated and refined following advice from a world bank team.
The record of budget credibility is examined using the performance indicators that are acknowledged as international standards. Country financial accountability assessment world bank documents. The pefa secretariat 26 mission of the pefa secretariat. Pefa 2016 has been developed to reflect the changing landscape. The esf offers broad and systematic coverage of environmental and social risks. Public expenditure and financial accountability pefa pefa.
Public expenditure and financial accountability pefa framework. Catalog public expenditure and financial accountability. Ethiopia country partnership framework world bank consultations. Apr 22, 2020 pefa partnership is the global leader in pfm. Procurement in world bank investment project financing phase ii. Georgia open knowledge repository world bank group. The world bank group has launched the preparation process for its new partnership strategy with kosovo for the period fy20172021. The seven pillars thereby define the key elements of a pfm. Download statistics measured since january 1st, 2014. We are in the process of hearing your views regarding ethiopias priorities and the role the world bank group can play in helping the country achieve its development goals. Abstract this project, based on the public expenditure and financial accountability pefa data set, researched how pefa can be used to shape policy development in public financial management pfm and other major relevant policy areas such as anticorruption, revenue mobilization, political economy analysis, and fragile states.
A specialist in the use of pefa methodology assisted in the later drafts and visited nepal in august 1720, 2014. World banks unified framework on public investment management pim, aligned generally with the public expenditure and financial ac countability pefa initiative, is a useful overarching framework for guiding governments through the processes of infrastructure investmentand delivery, aimed at increasing the. Jul 01, 2014 world bank group guidance country partnership framework products. The world bank the international monetary fund the european commission the united kingdoms department for international development the french ministry of foreign affairs. The pefa program is a multidonor partnership between the world bank, the. The overall evaluation of the performance of the pefa. Pefa identifies seven pillars of performance in an open and orderly pfm system that are essential to achieving these objectives.
The bank can now offer a more modern and nimble procurement system to help promote sustainable development. Ppt the pefa program powerpoint presentation free to. The fiscal system in bosnia and herzegovina bih is highly decentralized, reflecting the provisions of the country s constitution. Comparison of the technical coverage of pefa framework and the fiscal rosc. Bosnia and herzegovina public expenditure and financial accountability assessment pefa. As a function of good governance, financial management fm forms an integral part of the development process in all bankfinanced operations and country institutional strengthening efforts, and is crucial to achieving the world bank groups wbg goals of ending extreme poverty and boosting shared prosperity in a sustainable way.
Content guidance for the world bank groups approach to country engagement. Jun 20, 2016 keeping pace with global trends, on july 1 the world bank will roll out the new procurement framework for countries that procure goods and services under bank finance projects. To disseminate information on the strengthened approach to supporting pfm reform and the pefa performance measurement framework. Kosovo country partnership framework consultations world.
A pefa assessment measures the extent to which pfm systems, processes and institutions contribute to the achievement of. The recent assessment uses an upgraded 2016 pefa framework that includes four new indicators on management of assets and liabilities, refines some of the previous indicators, and introduces a stronger focus on internal. A diagnostic framework to assess a governments financial management system as a budget management tool. Imfworld bank seminar on new fiscal transparency code and. The revision of the pefa framework in 2016 offers an opportune moment to critically revisit this important tool and examine how it has contributed to its stated goals. Morocco public financial management performance report pefa. Pefa 2011 framework for assessing countries public financial management performance. Pefa pfm performance measurement framework, june 2005.
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