Guidelines for Public Financial Management Reform
- The World Bank
- International
'The Guidelines for Public Financial Management Reform' is the outcome of a study followed by a workshop in 2005, which presents a comprehensive set of guidelines to assist developing countries to improve public financial management. The guidelines set out universally accepted principles, best practices and processes that can be adopted in the process of reform. The Guidelines are presented in two categories: the first section 'Process Framework' sets out activities required to achieve an “enabling environment” for successful Public Financial Management (PFM) reform. And second, a 'Fiscal Framework' provides practical guides and key principles for effective PFM. Care was taken to create a document that can be easily used by researchers and development practitioners in developing countries. These guidelines are not a one-size-fits-all solution and must be applied based on suitability and the national environment.
