PFM Reform Sequencing

The final version of the Good Practice Note on Sequencing Public Finance Management (PFM) Reforms together with the accompanying background papers is now available.

The Good Practice Note (GPN) reviews lessons learnt of sequencing PFM reforms and offers guidelines to assist reforms in countries with different PFM backgrounds. It does not define a universal path of PFM reforms to be followed and it should not be regarded as a manual for PFM reforms.

http://www.pefa.org/en/content/pefa-partners-seeking-comments-exposure-draft-%E2%80%9Cguidance-note-sequencing-pfm-reforms%E2%80%9D-0

http://blog-pfm.imf.org/pfmblog/2013/01/pefa-newsflash-good-practice-note-on-sequencing-reform.html

The Good Practice Note should be read in conjunction with the two accompanying background papers. The Background Paper 1, "Sequencing PFM Reforms", developed by Jack Diamond provides in-depth information regarding PFM sequencing, PFM reforms and definitions used. The Background Paper 2, "Core PFM Functions and PEFA Performance Indicators", prepared by Daniel Tommasi identifies the core PFM functions mainly aimed at ensuring financial compliance and maps them against the relevant PEFA indicators.

The final version of the documents can be found under the following links: