An understanding of the updated PEFA 2016 Framework helps strengthen public financial management and contribute to its reform.

The Public Expenditure and Financial Accountability (PEFA) program was established in 2001 by the World Bank, the European Commission, the IMF, and the Governments of France, Norway, Switzerland, and the UK, with the goals of strengthening recipient and donor ability to assess the condition of the public financial management system in a country, and of developing a practical sequence of reform and capacity development action.

Launched in 2005, the flagship of the program is the PEFA’s Performance Measurement Framework (PFM), an evidence-based tool that uses a set of indicators to provide a high-level assessment of the strengths and weaknesses of a country’s PFM system.

Organized in cooperation with the Asian Development Bank Governance Thematic Group, this learning program, following the successful launch of the updated PEFA 2016 Framework at the global event in Budapest, Hungary from 26-29 April 2016, presented the upgraded PEFA 2016 Framework to PEFA users in the region, engaged them in hands-on discussions on PEFA 2016 and how, in practice, PEFA assessments can be of most value to them, as well as highlighted regional country successes in using PEFA to reform PFM. The event also explored opportunities to strengthen coordination among development partners when preparing, managing, and using PEFA assessments.