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PEFA in Latin America, Seven Years of Implementation The Inter-American Development Banks Experience PEFA in Latin America, Seven Years of Implementation.

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Presentation on theme: "PEFA in Latin America, Seven Years of Implementation The Inter-American Development Banks Experience PEFA in Latin America, Seven Years of Implementation."— Presentation transcript:

1 PEFA in Latin America, Seven Years of Implementation The Inter-American Development Banks Experience PEFA in Latin America, Seven Years of Implementation The Inter-American Development Banks Experience Katharina Falkner-Olmedo Division Chief of the Operations Financial Management and Procurement Services Office Vice Presidency for Countries (VPC)

2 AR BL BA BO BH CH DR EC ME NI GY HA BR VE JA SU TT PE PR PN UR CO ES HO CR GU 20 Countries – Completed* Source: as of November 19, 2012www.PEFA.org PEFA IN THE REGION Completed and Planned PEFAs in the LAC Region – National Level 26 IDB Borrowing Member Countries +2 Countries – In Process 85% of IDB countries have completed a PEFA assessment * 10 countries have had repeat PEFA assessments 5 Countries - National PEFAs planned for 2013 and 2014

3 AR BL BA BO BH CH DR EC ME NI GY HA BR VE JA SU TT PE PR PN UR CO ES HO CR GU 5 Countries – PEFAs completed at the Sub-national and Local levels Source: as of November 19, 2012www.PEFA.org PEFA IN THE REGION Completed and Planned PEFAs in the LAC Region – Sub-national Level 26 IDB Borrowing Member Countries 1 Country – 2 Sub-national PEFAs planned for 2013

4 PEFA IN THE REGION PEFAs in the LAC Region – IDB Use of PEFA Results As a Donor, PEFAs help the IDB in… Establishing a basis for dialogue with the country (one of several inputs to country strategies). Providing a quick overview of a countrys Public Financial Management Systems. Measuring the progress of Bank-financed reforms through the monitoring of selected indicators. Promoting better coordination/harmonization with other donors. The PEFA has gained importance to the IDB and the Region as a starting point for discussions related to the use of (and reliance on) country PFM systems for IDB-financed projects and PFM reform.

5 PEFA IN THE REGION PEFAs in the LAC Region - IDB Use of PEFA Results Project completion Project design Programming Country strategy Project execution Country Dialogue Monitoring progress and advances Measuring results IDB use in country strategy, programming and project cycles Strengthening and use of Country Systems

6 PEFA IN THE REGION PEFAs in the LAC Region – the IDBs Experience – Points to Consider Expectations management and current PEFA framework Uneducated readers sometimes misinterpret PEFA scope and results thinking that it is a diagnostic reflecting country performance rather than a measurement against indicators and international standards and best practices Donors often require additional, more in-depth information (from a fiduciary perspective) than what the PEFA provides, to determine the use of country systems, resulting in additional work and diagnostic fatigue Efforts to make the PEFA consistent, straightforward and quantitative, have resulted in: qualitative aspects not always being considered or the methodology not as adaptable to non-traditional situations (also relates to point below regarding consultants) Inclusion of ID-19 related to Procurement continues to present challenges for the technical team in coordination, receiving timely data, overlap with MAPS, etc. Translation of implementing guidance into Spanish could be more timely and complete Expectations management and current PEFA framework Uneducated readers sometimes misinterpret PEFA scope and results thinking that it is a diagnostic reflecting country performance rather than a measurement against indicators and international standards and best practices Donors often require additional, more in-depth information (from a fiduciary perspective) than what the PEFA provides, to determine the use of country systems, resulting in additional work and diagnostic fatigue Efforts to make the PEFA consistent, straightforward and quantitative, have resulted in: qualitative aspects not always being considered or the methodology not as adaptable to non-traditional situations (also relates to point below regarding consultants) Inclusion of ID-19 related to Procurement continues to present challenges for the technical team in coordination, receiving timely data, overlap with MAPS, etc. Translation of implementing guidance into Spanish could be more timely and complete

7 PEFA IN THE REGION PEFAs in the LAC Region – the IDBs Experience – Points to Consider (cont.) Consultants and quality of the process Selection of consultants is critical, in terms of applicable technical expertise and the ability to produce a timely and quality report. Consultants and quality of the process Selection of consultants is critical, in terms of applicable technical expertise and the ability to produce a timely and quality report. Length of the process and sharing preliminary results Process can be too long, resulting in greater costs to the government and donors and a report that becomes quickly outdated. If donor not part of PEFA exercise and report not published, donor may never see the results and need to perform additional work. Length of the process and sharing preliminary results Process can be too long, resulting in greater costs to the government and donors and a report that becomes quickly outdated. If donor not part of PEFA exercise and report not published, donor may never see the results and need to perform additional work.

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