Introduction This note presents a series of charts which provide an overview of the Cook Islands’ recent public financial management (PFM) performance based on this country’s 2015 Public Expenditure and Financial Accountability (PEFA) assessment. Comparisons are made between the Cook…
Trend in Papua New Guinea’s public financial management
SlideShare presentation We have prepared a SlideShare presentation that discusses the desperate state of Papua New Guinea’s public financial management (PFM). The presentation highlights a deteriorating trend in the country’s PFM over recent years and its very poor recent performance…
Papua New Guinea’s poor and deteriorating financial management: can it be turned around?
By David Fellows and John Leonardo[1] Background on Papua New Guinea (PNG) Papua New Guinea (PNG) is a lower-middle-income economy heavily dependent upon commodity exports. It has an extremely diverse social structure with fierce clan loyalties, characteristics that provide severe…