Taking Stock: What do PEFA Assessments tell us about PFM systems across countries?
- Paolo de Renzio
- May 2009
- Overseas Developemnt Institute (ODI)
- International
Based on the results of the 57 PEFA assessments completed uptil August 2007, the working paper is a cross-country comparative of PFM performance, overall and across the different budget dimensions defined by the PEFA methodology (out-turns, cross-cutting features, budget cycle). It analyses differences linked to certain country characteristics which might have an influence over PFM system performance, using both bivariate and multivariate analysis. It is based on a numerical conversion of the letter-scores used in the assessments, a methodology which can be considered controversial but which nevertheless yields some interesting results.
