We are pleased to inform you that the Public Expenditure and Accountability (PEFA) Program was present at the high level forum on aid effectiveness HLF4 - Busan, Korea (November 29–December 1, 2011). PEFA participation in the high level forum on aid effectiveness HLF4 - Busan provided an important opportunity to review the progress made and lessons learned from use of the PEFA Framework for public finance assessments and reform.
The discussion in Busan shed some light on the key criteria that will help develop a more inclusive vision about what needs to be done in the future to foster effective public financial institutions and policies, and the PEFA Program’s role in that respect.
The PEFA Secretariat has organized the mini-debate/event "PEFA: Creating a public good for enhanced aid effectiveness in management of public finances? " on Thursday December 1, 2011 in the Knowledge and Innovation Space (KIS).
Panelists from different development partner institutions (World Bank, French Ministry of European and Foreign Affairs, Swedish International Cooperation and Development Agency), partner countries (Peru, Senegal and Uganda) and other stakeholders (The International Organisation of Supreme Audit Institutions (Intosai) and International Budget Partnership) have been invited to discuss the lessons learned from the implementation and the achievements of the PEFA Program over the last 10 years, drawn from the experiences and perspectives and debate on how PEFA core principles, embedded in the aid effectiveness agenda for public finances and the commitment to use country systems, could be embraced further in support to the new efforts to build effective institutions that can promote and sustain financial governance reforms.