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10 years of the PEFA Framework: What has PEFA achieved and the way forward
PEFA Partners
The World Bank, European Commission and International Monetary Fund The UK Department for International Development, French Ministry of Foreign and European Affairs, Norwegian Ministry of Foreign Affairs and Swiss State Secretariat for Economic Affairs.
Promote results-orientation in PFM development work Harmonize the support to PFM systems provided to governments by international development agencies Build on the principles of the Strengthened Approach to Supporting PFM Reform, as an approach to aid effectiveness in the area of PFM (Paris Declaration, Accra Agenda for Action, Busan Declaration) Work closely with OECD Development Assistance Committee Task Force on PFM for collaboration with a wider group of stakeholders
D. Donor Practices
(D-1-3)
B.
Comprehensiveness and Transparency (PI-5-10)
C(2)
Predictability and control in budget Execution (PI-13-21) Budget Credibility (PI-1-4)
C(3)
Accounting, Recording and Reporting (PI-22-25)
PEFA Assessment
Identify main PFM weaknesses Investigate underlying causes
Measures progress through a Recommend PFM reform set of standardized indicators measures 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
Credibility in coverage: 285 assessments prepared in 135 countries including 28 government-led and 103 Sub National assessments: PEFA Framework used by governments in most countries to take control of their PFM reform agendas Effectiveness: adopted globally by 83% of LICs and 89% of MICs at the baseline level and more than 96 repeat assessments at a completed or planned stage.
PEFA experience by country group
83% 88% 89% 18%
Not Covered
Planned Commenced
Substantially Completed
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
% of Group
Relevance to all development stakeholders: Supports the reform agenda by providing common platform for PFM stakeholder dialogue at country level Contributes to internal processes among international development agencies: adopted by most development agencies as tool for fiduciary risk assessments processes Determining use of country systems in aid operations (Budget support, investment lending) IDA country allocation (WB) or borrowing limits (IMF) Credibility and Effectiveness: High country coverage rates and steady flow of repeat assessments provides a standard and evidence-based and comparable over time diagnostic that manages to be comprehensive in its coverage yet easy for non PFM user to understand
Institutional development impact: Adopted as a tool for design of country-owned PFM reforms Building Monitoring and Evaluation mechanism for the progress of PFM reforms over time: Repeat assessments demonstrate changes in performance results of reform efforts
Global Public Good: a unique and valuable Common Pool of Information on PFM performance: New source of information for research purposes Evaluation of technical and financial capacity-building programs Basis for regional peer-learning : sharing experience about PEFA process and results
Dissemination and use of PEFA assessment reports following completion: a basis for reform dialogue and planning
Thank You