Publications

In some approaches to discussion and practice of Public Financial Management (PFM) reform in developing countries, reforms are inspired by a comparison of current systems, as compared to an ideal state, often only found in wealthy countries. Reform programmes are therefore guided by an assessment of the gap between best practice and actual behaviour. However, for governments facing severe and prolonged capacity constraints, it may be unrealistic to expect achievement of ‘best practice’ – or anything close to it – in the foreseeable future.