The Public Expenditure and Financial Accountability Program
The Public Expenditure and Financial Accountability (PEFA) Program was founded in 2001 as a multi-donor partnership between seven donor agencies and international financial institutions to assess the condition of country public expenditure, procurement and financial accountability systems and develop a practical sequence for reform and capacity-building actions. A Steering Committee comprising these agencies manages the Program, while the Secretariat implements the PEFA activities.
The Strengthened Approach to Supporting Public Financial Management Reform
The PEFA Program builds on the principles of the Strengthened Approach to Supporting Public Financial Management Reform which is embodied in three components and closely aligned with the Paris Declaration on Aid Effectiveness.
a country-led agenda, "i.e.," a government-led reform program for which analytical work, reform design, implementation and monitoring reflect country priorities and are integrated into governments