By Our Reporter
A new report was launched amidst a special function held in the capital on Monday that intended to inform the dialogue about the implementation of public financial management (PFM) improvements in Nepal, including their prioritization and sequencing in the prevailing political context.
In the programme Philipp Krause, the lead author presented the key findings and recommendations of the report with the title ‘Operational Risk Assessment of Public Financial Management Reform in Nepal: A Review of Challenges and Opportunities’.
In the session Chief Guest Auditor General Bhanu Prasad Acharya noted that deeper reforms will require strong political and bureaucratic will.
The chairman of the session Finance Secretary Shanta Raj Subedi described the report as a landmark analysis that will help in better understanding risks associated with PFM in Nepal.
Tahseen Sayed, World Bank Country Manager said called for steps to improve governance, transparency and accountability and building public confidence.
The report was produced by a team from the Center for Aid and Public Expenditure of the Overseas Development Institute (ODI), the UK’s leading independent think tank on international development and humanitarian issues, with inputs from the government’s Public Expenditure and Financial Accountability (PEFA) Steering Committee, the PEFA Secretariat as well as member development partners in the Public Financial Management (PFM) Multi-Donor Trust Fund including AusAid, Denmark, DFID, EU, Norway and the World Bank.
The programme was attended by senior government officials, civil society leaders, academics, development professionals and representatives from Nepal’s international development partners.
Report on Public Financial Management
By Our Reporter