PFM Blog

IMF Updates the Portal on Fiscal Transparency

Blogmaster — Fri, 06 Nov 2009 06:57:28 PST

Posted by Mario Pessoa Fiscal transparency is one of the most relevant elements of a modern public financial management system. Because of that, starting in the late 1990s, the IMF developed a code of good practices in fiscal transparency and...

CIPFA Consultation on International Architecture for Public Financial Management

Blogmaster — Thu, 05 Nov 2009 16:43:14 PST

Posted by Michel Lazare The Chartered Institute of Public Finance and Accountancy (CIPFA) is a UK-based global professional accountancy body that specialises in the public services. We have an active international strategy including PEFA and PFM training, professionalisation and consultancy....

Maintain Fiscal Support, but Devise Credible Exit Strategies, Says the IMF's Fiscal Monitor

Blogmaster — Wed, 04 Nov 2009 17:39:03 PST

Posted by Michel Lazare. On November 3, 2009, the IMF published the second issue of its Cross-Country Fiscal Monitor. This Fiscal Monitor stresses that while, fiscal policy will continue to provide substantial support to aggregate demand in most countries this...

Legislative Oversight and Budgeting – A World Perspective

Blogmaster — Mon, 02 Nov 2009 13:58:15 PST

Posted by Ian Lienert The legislature has three core functions—representation, lawmaking, and oversight. The oversight function is perhaps the least studied and practiced. This is perhaps because oversight is bolstered somewhat less by external institutions. Oversight involves assessing implementation processes....

Performance-Based Budgeting in France: An Evaluation by Parliament

Blogmaster — Fri, 30 Oct 2009 15:47:30 PDT

Posted by Franck Bessette. In France, the parliament was the initiator and driver of performance-based budgeting, introduced by the organic by-law of August 1, 2001 (the so-called Loi Organique sur les Finances Publiques -- LOLF) [for more details, see in...

The United States Government Accountability Office: Role and Functions -- Comparison with France and the UK's Cases

Blogmaster — Wed, 28 Oct 2009 15:45:36 PDT

Posted by Tej Prakash. The Acting Comptroller General of the USA (Gene L. Dodaro) in a recent meeting with parliamentarians from Georgia, Kosovo, Macedonia and Mongolia, talked about the role of the United States Government Accountability Office (GAO) -- click...

The Challenge of Reforming Budgetary Institutions in Developing Countries

Blogmaster — Mon, 26 Oct 2009 07:15:56 PDT

Attached is a presentation by Richard Allen on "The Challenge of Reforming Budgetary Institutions in Developing Countries". The presentation was made to the African Department of the IMF on October 22. It is based on Mr. Allen's Working Paper (WP/09/96)...

Evaluating Transparency in Public Debt Management and Good Relations with Investors

Blogmaster — Thu, 22 Oct 2009 23:00:00 PDT

Posted by Mario Pessoa The Institute of International Finance (IIF), an association of financial institutions, published for the third time the report Investor Relations: An Approach to Effective Communication and Enhanced Transparency. This report provides detailed analysis of investor relations...

Commitment Appropriations: An Underestimated Tool?

Blogmaster — Tue, 20 Oct 2009 23:00:00 PDT

Posted by Guilhem Blondy Commitment appropriations can de defined as ceilings embedded in the budget law over the resources that a public entity may pledge to specifically defined third parties in a legal instrument (a contract or a unilateral instrument...

Leverage ICT and eGovernment Infrastructure to Better Support National Goals/Objectives through the Budget Process

Blogmaster — Mon, 19 Oct 2009 10:25:23 PDT

Posted by Mark Silins, CARTAC PFM Advisor Thirty-five participants from seventeen Caribbean countries came together for three days in Belize City (Belize) in September 2009 to discuss strategic ICT issues to better enable PFM reform and PFM systems. The theme...