Training
PEFA: A Framework for Public Financial Management
Effective systems and processes of public financial management (PFM) are essential to the implementation of sustainable development policies. This seminar presents the methodology for assessing public finance management developed by the Public Expenditure and Financial Accountability Program, the PEFA Framework. Governments use PEFA to get an idea of the strengths and weaknesses of the PFM system, as well as the implications of the overall performance results for the key goals of fiscal discipline, strategic resource allocation, and efficient service delivery. PEFA is also a useful tool for PFM reform planning, dialogue on strategy and priorities and progress monitoring.
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Practical Objectives
Consolidate its knowledge in effective management of public finances.
Acquire the PEFA methodology and assess its strengths and weaknesses.
Understand the PEFA analysis report and extract highlights.
Participate in the dialogue on strategies and priorities for the choice of reforms to focus to improve PFM.
Training Seminar Topics
Introduction
Review of the objectives of modern public financial management. The Public Expenditure and Financial Accountability Program.
PEFA
Goals. Scope and coverage of the framework. General structure: pillars and indicators.
Assessment Methodology
Process Steps. Stakeholders. Assessment team. Scoring indicators. Common problems.
Assessment Report
Components of PEFA report. Validation steps. Interpretation of the PEFA report.
Using the PEFA report
Context. Reform formulation and sequencing. Performance monitoring.