Public Expenditure & Financial Accountability Secretariat

About PEFA: Historical Overview PEFA began in 2001 as a means to harmonize country level assessment of public financial management (PFM) across the organizations that established the program. Those organizations were the European Commission, International Monetary Fund, World Bank, and the governments of France, Norway, Switzerland, and the United Kingdom. They remain the custodians of the program and have supported PEFA through four phases of implementation. PEFA was established as a means to reduce the duplication and costs of multiple assessments and to facilitate dialogue between government and others about how to improve the...