2. Country background information
The objective of this section is to provide information on the country being assessed, to allow sufficient understanding of the wider context to PFM reforms as well as the core characteristics of the PFM system in the country.
The indicative length of this section is six to ten pages.
The section is structured as follows:
2.1. Country economic situation
- Country context, including population, income level, percentage of population living below the poverty line, growth rate, inflation, economic structure and main challenges for growth and development. This should include information on any significant dependence of the economy and government revenue on specific sources, including extraction of natural resources or financial support from external finance agencies and development partners.
- The government’s main economic challenges and government-wide reforms, with a focus on the issues that represent major fiscal risks and are likely to influence the objectives of fiscal and PFM reform.
- Key economic indicators for the past three years may be presented in a table such as table 2.1 below.
TABLE 2.1: Selected economic indicators
| FY T-2 | FY T-1 | FY T | |
|---|---|---|---|
| GDP | |||
| GDP per capita (currency units) | |||
| Real GDP growth (%) | |||
| CPI (annual average change) (%) | |||
| Gross government debt (% of GDP) | |||
| External terms of trade (annual percentage change) | |||
| Current account balance (% of GDP) | |||
| Total external debt (% of GDP) | |||
| Gross official reserves (months of import value) |
Key indicators are illustrative only—others may be relevant to the country situation
