Effective development co-operation

Public Financial Management: An overview


The OECD's work on public financial management builds on the development community's efforts to strengthen developing countries' capacity to better manage their public finances.

The Effective Institutions Platform (EIP) was created in 2012 in response to international commitments (such as the New Consensus on Effective Institutions) on the need to strengthen the effectiveness of our public sector institutions for the delivery of better public services. Commitments in the New Consensus are based on consultations undertaken with a broad set of stakeholders in 2011 around how to support and strengthen public sector institutions (see Manila Consensus). These agreements helped to shape related international commitments such as those in the Global Partnership on Effective Development Cooperation endorsed in 2011.


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