The Islamic Republic of Afghanistan has achieved remarkable results in Public Financial Management (PFM) reform. This post-conflict country once ruled by the Taliban has stabilized political conditions, improved governance, and made critical steps toward achieving international PFM standards under tumultuous conditions. These achievements have been overshadowed by perceptions of endemic corruption. Sequencing PFM reform is considered a good government practice, although it is impossible to prescribe a sequence of reforms which is appropriate in all circumstances. There are numerous lessons in the Afghanistan experience linking reform to good governance that can be emulated by governments around the world.