Reinforcing governance and PFM systems: EU approach and main results achieved (2015-2020)

This evaluation provides an independent assessment of the performance of EU support to Public Finance Management (PFM) system implemented through the CMSB approach during the period 2015-2020.  In 2015, in the content of the 2030 Agenda for Sustainable Development, the EU launched the EU’s Collect More Spend Better framework (CMSB), acknowledging the essential role of domestic public finance systems in achieving the overall objectives of sustainable development. This framework adopted an holistic perspective recognising the need to simultaneously intensifying domestic resource mobilisation, strengthening public spending and debt management, while promoting more transparency and accountability. The evaluation includes forward-looking elements, drawing lessons on ‘what has worked and what has not’ in past and ongoing EU support, and provides recommendations on how to strengthen the EU’s continued support to the transformation of public finance management systems in developing and emerging countries.