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May 2018

May 22, 2018

Invitation to join PEFA Training in Vienna on June 19-21, 2018

Posted by PEFA Secretariat

Fleming’s Conference Hotel, Wien
Neubaugürtel 26-28, 1070 Wien, Austria

The PEFA Secretariat is pleased to announce that it will be conducting a regional PEFA training event in Vienna, Austria from June 19-21, 2018.  The training is intended for government officials and staff of development partners involved in planning, managing or undertaking a PEFA assessment and/or public financial management (PFM) reform strategies or initiatives, as well as researchers and other PEFA users. 

The training program will provide participants with an overview of the upgraded PEFA 2016 framework for assessing countries’ PFM performance; set out the phases, steps, tasks and responsibilities in planning and managing a typical PEFA assessment process; and provide guidance on how to use the results of a PEFA assessment to inform and support PFM reform efforts.

The program will include practical ‘hands-on’ exercises using interactive case studies to build and/or strengthen knowledge on the planning, implementation, and use of PEFA 2016.

At the end of the training, participants will have:

  • Improved their understanding of the PEFA 2016 framework;
  • Strengthened their capacities to engage in, and support, the PEFA assessment process;
  • Increased their skills in applying PEFA performance indicators and preparing high quality PEFA reports;
  • Improved their confidence in discussing assessment findings and possible reform implications;
  • Increased their understanding in use PEFA assessment results to support PFM reform design, implementation, and monitoring; and
  • Learned about PEFA products and how best to use them.

This training will be conducted in English only.  Please note that there are a limited number of spaces available so it is recommended that you register your interest as soon as possible. In the event the training is oversubscribed, priority for attendance will be decided by the PEFA Secretariat.

To view the full Agenda click here

To register your interest please send an email to pefaevents@gmail.com

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.


May 21, 2018

Spending Reviews in the Catalan Government

Posted by Jordi Baños-Rovira, Esther Pallarols-Llinàs, and Anna Tarrach-Colls[1]

Although it successfully met its target for the 2017 fiscal deficit (0.6 percent of GDP) and for stabilizing debt (around 35 percent of GDP), the Catalan government still faces high risks of fiscal unsustainability. Looking forward, the government needs to rebalance the public finances and continue to meet its fiscal targets, while at the same time developing new policies to restrict public spending growth. Such restrictions will be challenging to achieve given the recent introduction of expensive social programs (a basic income for citizens) and the effect of an ageing population on health and social care services. To help meet these challenges and generate fiscal space, the government announced in the Budget Act 2017 a program of public spending reviews for the period 2017-2020.

Continue reading " Spending Reviews in the Catalan Government " »

May 14, 2018

Stocktake of PFM Diagnostic Tools

Posted by the PEFA Secretariat

The PEFA Secretariat has just published a report that takes stock of the PFM Diagnostic Tools in use as of 2016. The report incorporates feedback following the publication of a consultation draft in 2017. The main objective of the report is to provide governments and their development partners with information to support selection of assessment tools that fits their needs.  A companion guide has been prepared to provide an easy overview of the range of the PFM diagnostic tools.

Continue reading " Stocktake of PFM Diagnostic Tools " »

May 10, 2018

Improving Public Investment Management in Mali

PIMa Mali
Posted by Benoit Taiclet, Gwénaëlle Suc, Nicolas Botton, Fabienne Mroczka, Onintsoa Raoilisoa, Pierre Roumegas, and Yemdaogo Tougma

Public investment is instrumental to achieve development objectives, particularly so in fragile and post-conflict countries which very often have rudimentary, or damaged infrastructure.
Although a key driver for economic growth in Mali, public investment spending has decreased overtime, undermining access to, and the quality of key infrastructure. As a long-standing policy under successive National Development and Poverty Reduction Plans, the Mali government has sought to increase its fiscal space to boost capital spending, as a means of fostering growth and development across the country.

Continue reading " Improving Public Investment Management in Mali" »

May 08, 2018

The Budget Transparency Toolkit

TS_658097678 (002)
 Posted by Ronnie Downes[1]

A new resource, prepared by the OECD in collaboration with other global partners, provides a gateway to international standards and makes it easier for countries to put budget transparency into practice

The budget is a government’s central policy document, which aims to turn plans and aspirations into reality. So says the OECD Recommendation on Budgetary Governance, one of the international standards for public financial management. How the budget and its various trade-offs are managed sends powerful signals, domestically and internationally, about fiscal discipline, efficiency and commitment to achieving results. Poor fiscal management can leave countries vulnerable to shocks, with harmful consequences for citizens and adding to the longer-term costs of public borrowing.

Continue reading " The Budget Transparency Toolkit " »

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