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July 2014

July 21, 2014

Philippines: A Competency Model for PFM Professionals


Posted by Gordon Ferrier1

Human resource aspects of public financial management (PFM) reform strategies are given less than their due in the literature. Yet they are fundamental to the success of such strategies, as a recent initiative by the Government of the Philippines (GOP) to develop a Competency Framework for some 60,000 government employees exemplifies.

In March 2013, the GOP embarked on an ambitious new strategy for reforming PFM systems. Its PFM Reform Roadmap aimed to “clarify, simplify, improve and harmonize the financial management processes and information systems of the entire government machinery for improved public service delivery”.

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July 18, 2014

Fiscal Transparency and Accountability – Why Did so Many Countries Meet in Moscow Recently to Discuss it?


POSTED BY: Elena Nikulina, PEMPAL Team Leader and Deanna Aubrey, PEMPAL Strategic Adviser (World Bank).   

On 27-29 May 2014, 179 people met in Moscow, Russia to discuss fiscal transparency and accountability. The meeting was held by the PEMPAL network[1] and was hosted by the Ministry of Finance of the Russian Federation and other key donors to PEMPAL including the World Bank, and the Swiss Government’s State Secretariat for Economic Affairs, SECO. 

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Fiscal Transparency and Accountability – Why Did so Many Countries Meet in Moscow Recently to Discuss it?" »

July 15, 2014

Strengthening Financial Reporting in Central Asia, Kazakhstan and Transcaucasia

Image-05-06-14-11-35 (2) Image-05-06-14-11-43 (2)

Posted by Peter Murphy and John Zohrab1

A seminar on strengthening financial reporting for governments of Central Asia, the Caucuses and Kazakhstan took place in Astana, Kazakhstan in May 2014. The seminar was held as part of the International Economic Forum in Astana; received financial support from the government of Japan; and was jointly hosted by the Fiscal Affairs Department (FAD) of the IMF and the Ministry of Finance of the Republic of Kazakhstan.

Presentations were made by leading international experts from the IMF, followed by interactive discussion between the experts and participants. This allowed seminar participants to become familiar, not only with advanced international experience, but also with the practical results of reforming accounting and financial reporting systems in Azerbaijan, Armenia, Georgia, Turkmenistan, Tajikistan, the Kyrgyz Republic, Uzbekistan and Kazakhstan. Significant progress has been made in these countries, as well as commitments to continue the reform effort.

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July 11, 2014

Prevention and Management of Government Expenditure Arrears


Posted by Mario Pessoa and Suzanne Flynn

The accumulation of government expenditure arrears is one of the most common problems in public financial management (PFM).A survey of 121 Public Expenditure and Financial Accountability (PEFA) country assessment reports revealed that, in a third of the countries assessed, arrears amounted to more than 2 percent of total central government expenditure. In a further 28 percent of countries, information on payments in arrears was not available, presenting a risk that the real size of the governments’ deficit is concealed and the level of its liabilities is understated. It is not surprising that measures to control arrears feature prominently as benchmarks in many IMF-supported programs.

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July 09, 2014

Australia to Enhance its Performance Management Framework

Posted by Kris Kauffmann

Australia is widely recognized as a pioneer of the medium-term programmatic approach to budgeting but recent self-examination of these reforms indicates a need to strengthen the government’s approach. A strong performance management framework remains critical to the success of the Australian reforms. A range of recommendations to strengthen the framework have now been adopted that should be of interest to other jurisdictions intent on strengthening performance management in the public sector.

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July 01, 2014

Job Offer: Head of PEFA Secretariat – Washington, DC


 The World Bank is hiring on behalf of the PEFA partners (the World Bank, the European Commission, the UK Department for International Development, the Swiss State Secretariat for Economic Affairs, the French Ministry of Foreign Affairs, the Norwegian Ministry of Foreign Affairs, and the International Monetary Fund) a new head for the PEFA Secretariat. PEFA is the most successful globally-used country diagnostic tool in the public financial management space. The PEFA secretariat supports the development and use of the PEFA instrument through training, quality assurance, functioning as the global reference point for interpretation of the PEFA Assessment Framework and implementation of the PEFA Work Program. The Head of the PEFA Secretariat is responsible for the day-to-day management of the PEFA program activities and resources and of the Secretariat, and for being a primary source of knowledge and advice to the PEFA partners about the oversight and management of the PEFA framework. As readers of the PFM blog may know, the PEFA framework is presently being updated. The job advertisement for the position can be found by clicking the link below. 

Apply Here!

Note: The posts on the IMF PFM Blog should not be reported as representing the views of the IMF. The views expressed are those of the authors and do not necessarily represent those of the IMF or IMF policy.

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