Weak Institutions and Governance is the most important constraint on Developing Country PFM Systems

A survey of public financial management experts at the ICGFM Winter Conference found that weak institutions and governance was the most important constraint on a developing country in improving the quality of its PFM systems. The survey results were:

1. Weak institutions and governance: 41%
2. Poor IT Systems: 5%
3. Lack of skills and human resources: 25%
4. Lack of political leadership: 29%