This study is the third in a series of studies of PFM diagnostic tools undertaken by the PEFA Program. The primary aim of the study is to provide governments and their development partners with information to support the selection of an assessment tool – or a combination of tools – that fits with the needs in a particular country at a given time. It makes no specific recommendations as to such selection.
A new Head of the PEFA Secretariat is being recruited. The Head of the PEFA Secretariat will be responsible for the day-to-day management of the PEFA program activities and resources and of the Secretariat, and serve as a primary source of knowledge and advice to the PEFA partners about the oversight and management of the PEFA framework. This is a leadership position.
Mr. Ahmed Kouchouk, Egyptian Vice Minister of Finance for Fiscal Policies and Institutional Reforms officially opened and closed a PEFA training event designed and delivered for government officials from different departments of the Ministry of Finance of Egypt.
Ghana is currently preparing for its fourth PEFA at central government level to help assess progress in the ongoing public financial management (PFM) reform agenda. To help the Government maximize the benefits from the assessment, the PEFA Secretariat recently delivered a training program to more than 50 participants.
The evaluation of phase 4 of the PEFA program concluded that the PEFA Check process should be streamlined and strengthened to cover quality assurance of report content as well as compliance with process. In response to this recommendation, the PEFA Secretariat has strengthened the existing requirements 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.
The World Bank, one of the seven partners of the PEFA program, launched a new publication on ‘Political Economy of Public Financial Management Reforms: Experiences and Implications for Dialogue and Operational Engagement’ that maps out what public financial management (PFM) progress looks like across countries, regions, and income groups.