Publication: PFM Design under Capacity Constraints : Planning Public Financial Management Reforms in Pacific Island Countries
Date
2013-07
ISSN
Published
2013-07
Author(s)
World Bank
International Monetary Fund
Abstract
This note is intended to inform Public
Financial Management (PFM) reform in small Pacific Island
Countries (PICs). PFM systems in PIC contexts are often very
different from the sophisticated and comprehensive systems
operating in larger, wealthier countries. The authors give
two key messages. Firstly, PFM capacity should be
prioritized to areas that matter most in achieving
development outcomes, and reforms should be intended to
address specific, identified, problems, rather than to
achieve blueprint good practice standards. Secondly, with
small numbers of staff and high staff turnover limiting
potential for sustainable gains from standard capacity
building solutions (such as training programs and
workshops), broader options for meeting capacity gaps should
be considered, including accessing ongoing support for
specialized tasks or even the wholesale outsourcing of
certain functions. The three main sections of this note are
as follows: (i) how to plan PFM reforms, including through
the development of PFM roadmaps; (ii) how to prioritize
limited PFM reform capacity to address the most pressing
constraints to development; and (iii) how to access
additional capacity to implement and sustain required PFM reforms.
Citation
“World Bank; International Monetary Fund. 2013. PFM Design under Capacity Constraints : Planning Public Financial Management Reforms in Pacific Island Countries. © World Bank, Washington, DC. http://hdl.handle.net/10986/16260 License: CC BY 3.0 IGO.”