ICGFM Promotes Knowledge Transfer Among Public Financial Management Experts

Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management by providing opportunities for professional development and information exchange.

Monday, December 1, 2008

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%

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