Measuring the Performance of Country PFM Systems

The Paris Declaration and the Accra Agenda for Action committed partner countries and donors to jointly assess the quality of country systems using mutually agreed diagnostic tools. This chapter describes the Public Expenditure and Financial Accountability programme (PEFA) developed to provide a shared pool of information on PFM that can facilitate dialogue on reform priorities among domestic and external stakeholders. The chapter describes its global adoption and the role of PFM assessments in the use of country PFM systems before outlining the challenges ahead for the enhanced use of the PEFA tool.