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IMF's Public Financial Management Blog
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15 сентября, 17:50

How Peer Learning Can Advance Fiscal Transparency

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Posted by Juan Pablo Guerrero[1] When it comes to learning, few methods surpass learning from experience. Practice, trials and errors, help people become experts. Unfortunately, such learning by trial and error can be an expensive way to design public policy,...

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12 сентября, 22:50

Why Medium-Term Budget Frameworks Under-Perform in Africa

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Posted by Taz Chaponda and Richard Allen[1] Medium-term budget frameworks (MTBFs) have established a strong track record in advanced countries, but how do they fare in countries with much weaker budgeting and governance systems? To what extent do they contribute...

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07 сентября, 19:22

Transforming Reports into Modern Social Communication  

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Posted by Esther Palacio[1] Traditional reports are losing their effectiveness and efficiency in the modern IT-dependent world, as more friendly forms of communication appear. We are talking here primarily about reports written by government agencies or think tanks, or by...

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31 августа, 00:07

Challenges of Implementing a TSA in Africa  

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By Jean-Philippe Vion[1] For years, development partners have promoted the implementation of a treasury single account (TSA) in developing countries as the main instrument to optimize cash management. Centralizing all public monies in a single account should strengthen oversight and...

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09 августа, 21:20

Latin American Treasurers Discuss Controlling Expenditure Arrears

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Posted by Mario Pessoa[1] The Costa Rican Ministry of Finance recently organized the eighth Latin American Treasury Forum (FOTEGAL) together with the International Monetary Fund (IMF), the Inter-American Development Bank (IDB), and the World Bank[2]. FOTEGAL aims at providing a...

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08 августа, 18:26

Digital Money is Spearheading the Next Wave of Public Financial Management (PFM) Reforms in EAP

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Post by Khuram Farooq and Leah April[1] The use of digital money is increasingly the dominant PFM reform priority for most governments in the EAP region. This trend is being led by Korea. China, Indonesia, Vietnam, Philippines, and Mongolia are...

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03 августа, 21:32

Thinking About ‘Opportunity Savings’

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Posted by David Gentry[1] A major effort in PFM in the last few decades has been to extend the time horizon of the budget. While there are many variations of a medium-term budget framework (MTBF), and much discussion about the...

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28 июня, 00:13

The Future of Government Fiscal Reporting

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Post by Delphine Moretti[1] In March 2017, the Organisation for Economic Cooperation and Development (OECD) organised the 17th Annual Meeting of the OECD network of Senior Financial Management Officials. The meeting was attended by around 120 delegates from OECD member...

23 июня, 19:17

Public Participation in Fiscal Policies: Where do we Start?

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Posted by Tania Sánchez Andrade[1] Public participation in fiscal policy is based on the belief that those who are affected by government decisions have a right to be involved in the decision-making process. The comments or opinions received from the...

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19 июня, 21:24

Building Fiscal Capacity in the Caribbean

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Posted by Suhas Joshi[1] PFM capacity in the Caribbean was recently given a boost by the delivery of a regional Seminar on Cash and Debt Management and Commitment Control. The event was held in St. Lucia under the aegis of...

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16 июня, 17:59

Challenges of Modernizing FMIS

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Posted by Nicolas Botton[1] Under pressure for fiscal consolidation, supranational directives, or merely the need to better allocate resources and manage cash, many governments around the world are trying to extract more information out of their Financial Management Information Systems...

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14 июня, 21:45

The Stages of PFM Reform in Fragile States

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Posted by Mario Pessoa[1] A recently published policy note by the IMF discusses the challenges of reforming fiscal institutions in fragile states. It identifies several stages through which such reforms typically pass. In broad terms, these stages comprise: (i) an...