What is public financial management and how is it used in decentralised and decentralising systems? Public financial management (PFM)—the science and art of budgeting, spending, and accounting for public funds—is among the most fundamental elements of public sector reform. PFM not only helps to ensure that there are clearly defined and well applied rules and…» more
Public sector management
Public financial management in fragile states
Effective Public Financial Management (PFM) in fragile states is a critical foundation for basic economic governance and in establishing the performance, legitimacy and accountability of functional states. Extreme poverty is increasingly located in these countries, which face multiple challenges of ongoing conflict, instability and resource constraints, both financial and human. A June 2015 summary ICAI…» more
Political Economy and Governance in the Democratic Republic of Congo (DRC)
This report is an update of a 2010 report, ‘Political Economy and Governance in the Democratic Republic of Congo (DRC)’, and is based on some of the recent literature on governance and political economy in the Democratic Republic of Congo (DRC). The report outlines the following key governance and political economy issues discussed in the literature: Political ...» more
Implementing integrated financial management information systems
What do we know about what has worked, what has failed, and why? What lessons does the literature identify? Expensive integrated financial management information systems (IFMIS) have frequently failed to realise the promised benefits of reforming public financial management (PFM). There is a dearth of conclusive evidence to explain why this is the case. IFMIS are complex, ...» more
Transparency and participation in public financial management
The idea that citizens should have access to detailed information about how governments use public resources is not a new one. In fact, it has a long and distinguished history. As far back as 350 BC, Aristotle’s Politics suggested that ‘… to protect the Treasury from being defrauded, let all money be issued openly in front…» more