• Budget reliability
  • Transparency of public finances
  • Management of assets and liabilities
  • Policy-based fiscal strategy and budgeting
  • Predictability and control in budget execution
  • Accounting and reporting
  • External scrutiny and audit

Public Expenditure and Financial Accountability (PEFA) is a tool for assessing the status of public financial management. A PEFA assessment provides a thorough, consistent and evidence-based analysis of PFM performance at a specific point in time. The PEFA methodology can be reapplied in successive assessments to track changes over time.


  • 609 PEFA Assessments Worldwide
  • 23 Planned Assessments
  • 382 Publicly Accessible Assessments

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The PEFA Secretariat has strengthened the existing requirements for quality assurance and introduced quality index thresholds on both (i) the extent to which report coverage complies with the recommended structure and format set out in PEFA 2016; and (ii) the extent to which indicator and dimension scores and supporting narrative comply with PEFA 2016 measurement guidance and evidence requirement. 

User Guidance

Are you considering a PEFA assessment? Do you have questions about the process?

The PEFA Handbook is the primary source for user guidance materials for managers, assessors and other stakeholders on PEFA 2016.


The PEFA 2016 Framework for assessing public financial management is now available in Russian language.

Система оценки управления государственными финансами теперь доступна на русском языке.


June 11, 2019 to June 12, 2019

Registration open  for the upcoming Regional ECA Conference on Building Effective, Accountable and Inclusive Institutions Europe and Central Asia (ECA) Governance Conference, Organized by the Governance Global practice. The Conference will take placed in Ankara, Turkey, June 11-12, 2019.

To attend the conference, please register online (www.formpl.us/form/287546001) before May 15th. Should you have any questions, please contact Natalie Manuilova (NManuilova@worldbank.org) and Marielle Wessin Severino (MWessin@worldbank.org). 

The conference will convene around 450 delegates, including senior government officials, international development partners, academics, private sector representative and civil society groups from all Europe and Central Asia countries, including EU-member countries. The Conference will focus on foundations and innovations in governance reforms and raising Governments’ capability and accountability, featuring reform leaders in governance, cutting-edge solutions and emerging demands of society and businesses. A draft agenda is attached .

Participation at the Conference is free of charge, however, participants are expected to cover their travel and accommodation expenses. If necessary, kindly apply for a visa with the Turkish Embassy/Common Application Centre in your country as soon as possible. An invitation letter is attched and will serve as your formal invitation should such a letter be required.

Research & Impact

This book examines the interplay between public financial management (PFM) and other key aspects of governance in low- and middle-income countries, using the Public Expenditure and Financial Accountability (PEFA) framework and related data sets to measure the quality of PFM systems. The PEFA framework was developed on the premise that effective PFM institutions and systems play a crucial role in the implementation of national policies for development and poverty reduction. It is part of a broader set of initiatives aimed at strengthening public sector governance frameworks.