- PEFA Program
- PEFA Framework
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- Assessment Portal
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Under the Public Expenditure and Accountability (PEFA) Program, the public financial management (PFM) Performance Measurement Framework (PMF) (or PEFA Framework) has been developed as a contribution to the collective efforts of many stakeholders to assess whether a country has the tools to deliver three main budgetary outcomes:
The objectives of the Framework are to:
By providing a common pool of information for measurement and monitoring of PFM performance progress, and a common platform for dialogue about PFM reform, it aims to contribute to the development of effective country-owned PFM systems.
The PEFA Framework was created as a high level analytical instrument which consists of a set of 31 indicators and a supporting PFM Performance Report, providing an overview of the performance of a country’s PFM system. Drawing on the established international standards and codes, and other commonly recognized good practices in PFM, it forms part of the strengthened Approach to supporting PFM reform, which emphasizes country-led reform, donor harmonization and alignment around the country strategy, and a focus on monitoring results. This approach seeks to mainstream the PFM best practices that are already being applied in some countries.
Through repeat assessments in a country, it is capable of demonstrating performance changes over time. The Framework was launched in June 2005 and updated in January 2011, covers the entire financial management cycle focuses on the central government. However, the application of the Framework at sub-national government level has become widespread and guidelines were developed in 2008.
The assessments conducted have produced the following benefits to country partners:
Most finalized reports are publicly available and can be accessed via the assessment portal top right menu.
Data on assessments undertaken or planned are updated every six-months. The data is available from the Assessment Portal. Reports monitoring and analyzing characteristics and trends of PEFA assessments are produced as part of PEFA Secretariat Studies.