Public Finance Reviews (PFRs) are a core World Bank tool for analyzing the efficiency and effectiveness of a country’s public expenditure and for strengthening budget institutions. They also help countries build capacity to mobilize more domestic revenues in a way that enhances growth and equity. PFRs underpin World Bank engagements with governments and stakeholders and inform our lending.
Strategy
The World Bank has extensive experience delivering PFRs for Clients around the world. In the last decade, more than 215 PERs/PFRs were prepared for countries across all regions and income groups.
PFRs help ensure:
- Fiscal sustainability and efficiency, by identifying inefficiencies in public spending and revenue collection to promote better allocation and improve fiscal sustainability.
- Economic growth and development, by helping identify and prioritize investments in critical sectors, such as infrastructure, education, and healthcare.
- Transparency and accountability, by promoting transparency and accountability in the management of public funds.