What is it?The international community is committed to achieving the Millennium Development Goals and eradicating absolute poverty. However, developing and transition countries rarely have sufficient funds to provide the level of public services necessary to achieve these goals. In recognition of this problem, development partners are committed to increasing Overseas Development Assistance - allowing developing, transitional and post-conflict countries to increase pro-poor expenditure. What we do In the past, inadequate Public Financial Management (PFM) systems in some recipient countries have subjected expenditure to fiduciary risk and reduced its effectiveness. To mitigate this problem, donor and recipient countries have designed ambitious programmes to reform PFM systems. PKF has assisted in the implementation of these programmes - increasing public sector accountability and transparency, reducing fiduciary risk, building Government capacity and increasing public expenditure’s impact on poverty reduction. We have implemented this approach on behalf of development partners such as the World Bank, UK Department for International Development, European Union, European Bank for Reconstruction and Development, and the Inter-American Development Bank. The technical scope of these projects has been broad ranging, encompassing all areas of PFM reform, including: - budget formulation, particularly Medium-term Expenditure Frameworks and the link between budget and policy
- macroeconomic and fiscal forecasting
- public expenditure reviews and PFM assessments
- treasury management and budget execution
- inter-governmental fiscal relations and sub-national finance issues
- donor coordination and PFM reform strategy.
Why PKF? Our professionals have wide experience in carrying out public finance, administration reform and capacity building projects in difficult and developing public sector environments including post-conflict countries such as Sierra Leone, The Balkans and Afghanistan. Click here to see a selection of our recent international experience in public finance and management reform. Our team Our in-house expertise includes:
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