Public Expenditure and Financial Accountability: Assessing Public Financial Management Performance and Influencing Reform Processes
- Lewis Hawke
- Jan 2017
- Asian Development Bank (ADB)
- International
Public Expenditure and Financial Accountability (PEFA) is a tool for assessing the status of a country’s public financial management system. As the PEFA program moves into its fifth phase, there is an opportunity to build on PEFA’s assessment framework as a foundation for strengthened knowledge of PFM performance. Other than giving a description of what PEFA is, why the PEFA program was established, the evolution of the PEFA framework, and the key characteristics of the upgraded PEFA 2016 framework, it gives an overview of key lessons learned in using PEFA in Asia and the Pacific. This work is a starting point for deeper analysis in PFM and is expected to support policy dialogue in international development policies and practices.
