This paper outlines theoretical and empirical links between public financial management (PFM) functions and development objectives in the context of very low capacity environments. It outlines a list of possible capacity substitution and supplementation options that could support PFM reform in such contexts.
Latest publications: Discussion papers
This paper investigates the origins and drivers of fiscal institutions by studying the history of finance ministries. It argues that finance ministries have their origins in early modern Europe, where they served as agents of spending control to support inter-state warfare. This legacy still shapes the fiscal institutions of today.
This Working Paper focuses the debate on the European Union’s new proposed policy approach to middle-income countries – ‘differentiation’ – at the case study level, through analysis of South Africa.
Building on the term 'isomorphic mimicry’, this Background Note explores different types of institutional imitation, in relation to public financial management reform and institutional change in international development.
This Discussion Note sets out a case for greater use of ‘arm’s length’ forms of aid building on some of the implications of recent research.
This paper explores options for financing some of the potential post-2015 goals within the changing development cooperation landscape. It focusses on five sectors: education, health, water and sanitation, sustainable energy and food and agriculture. It asks whether – and how much – additional finance is needed to meet the likely goals; and looks at what this implies for the design of the post-2015 framework.
This Bulletin examines to what extent the international macro crises over the past few years have affected private capital flows and investment positions in sub-Saharan African (SSA) countries.
This study provides a quantitative assessment on the role of Development Finance Institutions (DFIs) in generating jobs, increasing labour productivity and promoting structural transformation.
This paper explores the potential new trade opportunities and challenges that climate change mitigation policies adopted primarily in developed countries may create for exporters in Low Income Countries.
The paper provides a brief review of trends in key energy markets and the impact these will have on low income countries.