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Mef Peru Pefa Eng

Mef Peru Pefa Eng

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PEFA assessment results in Peru
PEFA assessment results in Peru

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12/12/2012

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Ministerio de Economía y Finanzas Vice Ministerio de Hacienda

PEFA Experience in Peru
Carlos Oliva Neyra Vice Ministro de Hacienda

Open PEFA Forum Miami, May 2012

Basic Information
 The PEFA evaluation of Peru’s PFM was undertaken between September and December 2008 and its results were officially published in April 2009.  The scope of the evaluation is central government PFM and the reference period 2005 to 2007.  The PEFA evaluation was closely coordinated with the donor community through a “steering committee” led by the European Union, the World Bank and the Interamerican Development Bank.  The evaluation results show that Peru´s PFM system is broadly in line with international best practices, even though there are a number of challenges yet to be addressed.

Salient characteristics of the process
 The PEFA evaluation was an initiative of the Peruvian Government interested in understanding the strengths and weaknesses of its PFM system.

 Donor cooperation was important to ensure that the results were arrived to independently and objectively.
 The evaluation was undertaken under a strict quality control process and preliminary results were reviewed by government officials, the PEFA Secretariat and PFM experts from the EU, World Bank and IADB.  The PEFA results, particularly those relating to PFM weaknesses, have been the basis for the preparation of a medium term PFM reform plan of action (2011-2015).

3.5 B+

1.5 D+ 2.5 C+

A 4.0

3.0 B

1.0 D

2.0 C

ID1 ID2 ID3 ID4 ID5 ID6 ID7 ID8 ID9

Main results
Perú

Promedio LA

ID10
ID11 ID12 ID13 ID14 ID15 ID16 ID17 ID18 ID19 ID20 ID21 ID22

ID23
ID24 ID25 ID26 ID27 ID28

PFM Reform Action Plan (2011-2015)
 The PFM Reform Action Plan (2011-2015) prioritizes seven areas for reform:
1. Multiannual PFM perspective. 2. Results based budgeting. 3. Modernization of the Integrated Financial Management Information System (IFMIS). 4. Performance evaluation and accountability. 5. Integrated assets and liabilities management. 6. Strengthening of tax policy and administration. 7. Public employment.

 It includes all the institutions relevant to the PFM system, including the Legislative and the Supreme Audit Institution.

Important characteristics

 The PFM Reform Action Plan (2011-2015) has an important first characteristic in that it is closely monitored together with the donor community through a “coordination working group” responsible for supporting the process and aiding alignment and harmonization of interventions with the priorities of the Peruvian Government.  A second characteristic, but not least important, is the existence of PFM Study Group, which protected from the day to day administrative responsibilities, provides the Ministry of Economy and Finance (MEF) with support to implement and manage the PFM Reform Action Plan.

Current situation
 During the first full year of implementation, the PFM Reform Action Plan already boasts significant improvements to some of the weaknesses identified during the PEFA exercise in 2009.

 These improvements are likely to be reflected in the forthcoming PEFA evaluation, repeat assessment, of the PFM system in Peru.
 Also, currently in Peru and through the initiative of a number of regional and local governments, sub-national PEFA evaluations are being undertaken, which will complete de diagnostic for PFM reform.  The first three regional PEFA evaluations in Peru – in Cusco, Apurimac and San Martin – confirm the importance of including subnational issues to PFM reform.

A time-line for PEFA in Peru

Level of Government

2008

2009

2010

2011

2012

2013

Central Government

Central Government PEFA

PFM Reform Action Plan (2011-2015)

PEFA Repeat Assessment

Regional Government

Regional PEFA

Regional level Plan of Action

Local Government

Local PEFA

Local level Plan of Action

Ministerio de Economía y Finanzas Vice Ministerio de Hacienda

Thank you

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