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dc.contributor.authorQuak, Evert-jan
dc.identifier.citationQuak, E. (2020). Lessons from Public Financial Management (PFM) reforms after a financial crisis. K4D Helpdesk Report No. 810. Brighton, UK: Institute of Development Studies.en
dc.description.abstractThis Helpdesk report reviews the literature from academic, policy, and knowledge institution sources on the different forms of Public Finance Management (PFM) reforms introduced in developing countries after a financial crisis. It focuses on financial crises which mostly affected resource-endowed developing countries such as the Asian Financial Crisis (1997-1998), the Global Financial Crisis (2007-2008) and the commodity price crisis in 2014-2015. It describes the kinds of PFM reforms instituted in developing countries and the lessons learned from them as mentioned in Wendling et al. (2020), separating reforms in the design, implementation, and oversight phases of the PFM cycle. The report also provides an overview of the general lessons learned from instituting PFM reforms as can be found in the literature on PFM reforms. Altogether, this report concludes that PFM reforms have indeed played a notable role in establishing effective, efficient, and transparent fiscal stimulus packages (e.g. cash transfers, public work programmes) measures in the course of and after a financial crisis.en
dc.relation.ispartofseriesK4D Helpdesk Report;810
dc.subjectEconomic Developmenten
dc.titleLessons from Public Financial Management (PFM) Reforms After a Financial Crisisen
dc.rights.holder© DFID - Crown copyright 2020en
rioxxterms.funderDepartment for International Development, UK Governmenten

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    K4D supports learning and the use of evidence to improve the impact of development policy and programmes. The programme is designed to assist the Foreign, Commonwealth and Development Office (FCDO) and other partners to be innovative and responsive to rapidly changing and complex development challenges.

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