Latin America and the Caribbean are among the most decentralized global regions in the world. The nature and extent of (fiscal) decentralization in the region was recently established in the Outlook of Fiscal Relations among […]
Global development does not take place within the walls of international development organizations. Nor does development take place within the walls of the central government ministries that are typically the main counterparts of international development […]
Public Financial Management (PFM) plays a critical role in policy-making and public service delivery. Participatory Budgeting (PB) is a PFM tool that offers an opportunity for citizens and the civil society to engage in the […]
Around the world, there are major failings in the provision of core public services. PFM is expected to play a crucial role in the implementation of national and sectoral policies and ensuring more effective and […]
The Public Expenditure and Financial Accountability (PEFA) program was initiated in 2001 by seven international development partners to harmonize the assessment of public financial management (PFM) systems across the partner organizations. Since 2001, the PEFA […]
The PEFA Steering Committee decided on June 2019 to revise the guidance for subnational government (SNG) PEFA assessments to better reflect SNG typologies and intergovernmental fiscal relations systems in each country. The revised guidance proposes […]
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