The PEFA framework will be a significant element of the IDA (International Development Association) 18 monitoring agenda. IDA is the World Bank's initiative for the poorest countries. Every three years, donors meet to replenish IDA resources and review its policy framework. This is the 18th replenishment of IDA resources that was agreed in December 2016.
Financing during the IDA 18 replenishment period, which runs from July 2017 to June 2020, seeks to scale up development interventions to tackle conflict, fragility and violence, forced displacement, climate change, and gender inequality; and promote governance and institution building, as well as jobs and economic transformation.
PEFA features as a key component in the recent report on the IDA 18 monitoring framework, presented to the IDA's Executive Directors.
One of the goals of IDA 18 is to assist at least 10 IDA countries in performing second or subsequent PEFA assessments. This will help the World Bank to identify the strategies and priorities for country-level projects.
The World Bank will monitor the success of IDA 18 through a set of indicators and targets, including whether selected PEFA scores improve in IDA countries.
The IDA Board of Governors is expected to adopt the IDA 18 report by April 2017.
For more information on the Draft IDA 18 Deputies' Report, please see the World Bank’s IDA website: http://ida.worldbank.org/financing/replenishments/draft-ida-18-deputies-report