The World Bank, one of the seven partners of the PEFA program, launched a new publication on ‘Political Economy of Public Financial Management Reforms: Experiences and Implications for Dialogue and Operational Engagement’ that maps out what public financial management (PFM) progress looks like across countries, regions, and income groups. 

The new publication by Verena Fritz, Marijn Verhoeven, and Ambra Avenia uses the PEFA dataset to explore the underlying nontechnical drivers and constraints PFM reformers faced, and how these influenced the feasibility and robustness of efforts to strengthen PFM. 

The authors aim to provide some concrete guidance on how reform stakeholders and external supporters can take non-technical drivers into account and better calibrate their approaches to PFM reforms.

“PEFA is a great basis of systematic assessments without which such an analysis would not have been possible,” said Verena Fritz, Senior Public Sector Specialist in the Governance Global Practice of the World Bank and lead author of the new publication.

“The PEFA dataset is very good. It is unrivalled with its combination of country coverage, the span of PFM dimensions covered and quality. Without the PEFA dataset we could not even have started our work. I think many other researchers and practitioners could use the data. I am looking forward to the planned enhancement of the database on the PEFA website,” added Marijn Verhoeven, Lead Economist in the Governance Global Practice of the World Bank.

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The book launch presentation

Browse through the book launch presentation below or download it by clicking the download button.