PEFA PFM Newsflash June 2024

RECENTLY PUBLISHED PEFA REPORTS

Publication of the PEFA++ 2024 Nepal National Assessment with PEFA Gender and PEFA Climate (English)

The fourth PEFA 2024 Nepal National Assessment along with PEFA Gender and PEFA Climate were undertaken by the Government of Nepal as self-assessments with technical support from the World Bank.  The PEFA Gender and PEFA Climate Assessments were co-financed by the Nepal PFM Multi-Donor Trust Fund. 

Read the Reports and Summary Scores in English:
National Report and Summary
Gender (GRPFM) Report and Summary
Climate (CRPFM) Report 

Publication of the PEFA+ 2023 Gambia National Assessment with PEFA Gender (English)

The third Gambia PEFA 2024 Assessment along with PEFA Gender (GRPFM) was led by the government with the financial support of the African Development Bank Group, and technical support from the International Monetary Fund, the World Bank, and the European Union.

Read the Reports and Summary Scores in English:

National Report and Summary

Gender (GRPFM) Report and Summary

OUR VIDEOS FROM PEFA 

In this short video,  Holy-Tiana Rame, Senior Governance Specialist of the PEFA Secretariat, highlights the importance of the collaboration taking place at the February 26-29^th regional Climate-smart Public Financial Management MENA Conference organized by the World Bank in Cairo.  She presented PEFA Climate, now launched and accessible here. Over 200 participants gathered in Cairo, including representatives from 16 MENA countries, specifically from Ministries of Finance, Ministries of Planning, Ministries of Environment, and Supreme Audit Institutions, among others.

In this video the Head of PEFA Secretariat, Srinivas Gurazada, welcomes participants to PEFA and the new e-learning course now available in English, French and Spanish.

Here is the trailer for the PEFA E-Learning course highlighted above that is now available in English, French, and Spanish.  PEFA welcomes all users interested in discovering more about PFM and effective reforms to register today!  The approximately 4 hours course is self-paced and available on the OLC platform.

PFM GLOBALLY 

Publications 

Gender Budgeting: Step-by-Step Toolkit 

This Toolkit aims to assist European Union managing authorities apply gender budgeting tools specifically in the processes of the EU Funds under shared management. For each step of the process, users can access a variety of tools and promising practices from Member States. The newly added Tool 8 introduces a tracking system that allows for a targeted monitoring of spending at different stages of the programming cycle. Tool 8 comes with a downloadable excel file to support Member States calculate their expenditures for gender equality and thus track resource allocation for gender equality in EU policy funds.

Of interest to those working on:

PEFA Gender

Pillar 2: Transparency of Public Finances

Digital Solutions Guidelines for Public Financial Management

These Guidelines published by the IMF are intended to serve as a comprehensive reference material for the assessment, design, and improvement of digital initiatives in the public financial management (PFM) area. To support the digital transformation of PFM functions, the Guidelines are structured around three Pillars – Functional, IT Architectural, and Governance and Management. Each pillar is comprised of six principles, which are further broken down into one to four attributes to promote more efficient and transparent PFM operations while fostering innovation and managing digital risks. These Guidelines also allow a graduated approach to digital transformation of PFM through three levels of maturity for each Attribute – foundational, intermediate, and advanced – to help take into account country-specific contexts and capacities in digital transformation strategies.

Of interest to those working on:

Pillar 6: Accounting & Reporting

Pillar 2: Transparency of Public Finances

How Accountants Can Help Save Public Finances 

This IMF article argues that a government’s financial health is central to the lives of its citizens, but many governments do not produce full financial statements. Those that do often publish them far too late to be of practical use or without important information about the value of the assets governments use. And very few countries—perhaps only New Zealand—put the balance sheet at the heart of government financial decision-making. Governments thus deprive themselves of crucial information that could greatly improve the management of public services and the safety of public finances. Governments would benefit from complementing their current fiscal rules with a primary rule based on net worth that more comprehensively reflects their financial position.

Of interest to those working on:

Pillar 6: Accounting & Reporting

Addressing Inequality in Budgeting: Lessons from Recent Country Experience

In many countries, public expenditure, including transfers, plays a major role in reducing income inequality. This OECD report reviews the various ways that budgeting can be used to this end. It first includes taking a broad approach to results-based budgeting, taking social and distributional goals into consideration. Second, it relies on integrating distributional impact analysis directly into the budget process. The report discusses the concrete experience of eight OECD countries in this area, analyzing how they are integrating distributional impact assessment in spending and budgeting decisions. Finally, it discusses the tools, frameworks and data that are needed to take distributional considerations into account as part of evidence-informed policy making.

Of interest to those working on:

Pillar 4: Policy-Based Fiscal Strategy & Budgeting