PEFA is a partnership program, managed by eight international development partners: the European Commission, International Monetary Fund, the World Bank, French Ministry of Foreign Affairs and Development Agency (AFD), Norwegian Ministry of Foreign Affairs, Swiss State Secretariat for Economic Affairs, The Ministry of Finance of The Slovak Republic and The Ministry of Finance of the Grand-Duchy of Luxembourg.
The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate.
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The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
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The World Bank (French: Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).
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France is represented by two institutions: the Ministry of Foreign Affairs, which is the ministry in the government of France that handles France’s foreign relations (WEBSITE) and the Agence Française de Développement (AFD) which implements France’s policy in the areas of development and international solidarity.
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The Royal Norwegian Ministry of Foreign Affairs (Norwegian (Bokmål): Det kongelige Utenriksdepartement; Norwegian (Nynorsk): Det kongelege Utanriksdepartement) is the foreign ministry of the Kingdom of Norway.
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SECO is the federal government’s centre of excellence for all core issues relating to economic and labour market policy. It is our aim to contribute to sustained economic growth, high employment and fair working conditions, by creating the necessary regulatory, economic and foreign policy framework.
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The main effort of the Ministry management is to ensure harmony of public administration receipts and expenditures with macroeconomic and strategic objectives of Government policies, monitoring their efficient use, the fiscal consolidation and long-term sustainability of public finance within the eurozone, compliance with the rules of public funds spending, efficient implementation of EU financial instruments and other forms of foreign assistance while complying with the principles of good financial governance, reducing the tax burden for low- and medium-income groups, reducing tax and customs evasion, and suppressing grey economy.
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The Ministry of Finance of the Grand Duchy of Luxembourg prepares and implements the budgetary, financial and fiscal policy of the State. In this capacity, the Ministry is also responsible for the public finances and the preparation of the budget. In addition, it defines the policy with regard to the financial sector, and is responsible for external relations with the various international financial institutions.