Dressel, BjoernBrumby, Jim2013-03-142013-03-142012https://hdl.handle.net/10986/12752Central Finance Agencies (CFA) of countries are pivotal to the Public Finance Management (PFM) reform process. Thus, the capabilities - not just capacities - of CFAs are critical to bringing about transformation. Strengthening CFA capabilities, and thereby driving government performance, is not a mere technical issue but requires a broader political economy perspective that captures the complex interactions which directly and indirectly relate to a CFA. As the World Bank continues to support PFM reform processes in various client countries across the world, a deeper understanding of the role and capabilities of CFAs as the central element in these transformations is essential. This paper proposes one such framework one that approaches the challenge of enhancing the capabilities of CFAs through a political economy perspective.en-USCC BY 3.0 IGOCENTRAL FINANCE AGENCYCFAGOVERNMENT PERFORMANCEPOLITICAL ECONOMYPUBLIC FINANCE MANAGEMENTWorld Bank10.1596/12752