Public Financial Management is the Core of the Core for Governance

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Jim Brumby of the World Bank says that PEFA has been mainstreamed at the World Bank. PEFA (Public Expenditure and Financial Expenditure) also provides an opportunity for dialog among countries and with donors. Mr. Brumby also asserted that public financial management is the "core of the core" for governance at the World Bank.

Countries like to compare with other countries and see the rate of progress over time. This leverages the objective comparitive information available through PEFA. PEFA also provides discipline in the World Bank to improve internal processes.

Mr. Brumby (standing)said that the country needs to be "in the driver's seat" for PEFA to be effective.

Follow up actions by donors and countries, the case of pefa

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Case studies from Mali, Malawi and Columbia were presented by husitha D. Pilapitiya of Casals & Associates (left). Dr. Miguel Angel Moralesrussi Russi, the Controller of Bogota Colombia, (near right) andJohn Sitton of Emerging Markets Group, (far right). Reference was made to the presentation from the previous day.
(Located at http://icgfm.blogspot.com/2008/05/introduction-to-pefa-framework-to.html)

Mr. Brumby says that the HR indicators from the PEFA model are being piloted at the World Bank.

Mca mali fosters good governance and transparency

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What governments are doing to improve governance, the case of malawi

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Policy Performance Indicators at the Millennium Challenge Corporation

Results of an attendee poll at the 22nd ICGFM Conference show limited knowledge of the existence and processes of the Millennium Challenge Corporation (MCC).

Tom Kelly of the MCC admits that the mandate and processes are complex and that no one has been able to create a simple "elevator pitch".

Dr.Kelly points out that MCC cannot give enough money away to make an impact by itself. For example, the Philippines received more direct private aid in a year than the entire MCC budget. The MCC focuses on policy improvement to achieve economic growth.

MCC uses 17 different indicators in 3 categories to evaluate policy. The indicators are generated from outside the MCC from organizations that are not funded by the MCC creating an objective model. Although inprecise, Dr. Kelly suggested that the expression in a scorecard method has received significant currency in countries. For example, scorecard results are often used by business to determine whether to invest in countries.

MCC selection process monitoring government performance

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