Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance

This Public Financial Management Performance Report (PFMPR) analyzes the performance of Colombia's public financial management (PFM) institutions, systems and processes. It documents areas where performance is close to or follows international...

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Bibliographic Details
Main Authors: World Bank, Inter-American Development Bank
Format: Other Financial Sector Study
Language:English
Published: World Bank 2012
Subjects:
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100805001645
http://hdl.handle.net/10986/3191
id okr-10986-3191
recordtype oai_dc
spelling okr-10986-31912021-04-23T14:02:07Z Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance World Bank Inter-American Development Bank ECONOMIC CRISIS FISCAL DISCIPLINE OPERATIONAL EFFICIENCY PUBLIC EXPENDITURES PUBLIC FINANCIAL MANAGEMENT RESOURCE ALLOCATION This Public Financial Management Performance Report (PFMPR) analyzes the performance of Colombia's public financial management (PFM) institutions, systems and processes. It documents areas where performance is close to or follows international good practice, as well as opportunities to further enhance PFM contribution to the goals of strengthening fiscal discipline, enabling more efficient allocation of resources, increasing operational efficiency, and fostering transparency. It is expected that the identified opportunities will strengthen further the Government of Colombia's programs of continuous PFM improvement, as provided for under the National Development Plan pillar regarding a state at the service of its citizens: efficient and effective Government. The main challenges cited in the report could also be an important reference to future development plans and PFM reforms. Ensuring the sustainability and trajectory of PFM programs becomes even more critical in the context of public expenditure policies to deal with the current international economic crisis. The study is based on the 28 high-level indicators and 69 individual dimensions that compose the PFM performance measurement framework. Each indicator seeks to measure performance of a key PFM element against a scale from A to D. The highest score is warranted for an individual indicator if the core PFM element meets the relevant objective in a complete, orderly, accurate, timely and coordinated way, based on existing good international practices. 2012-03-19T17:26:32Z 2012-03-19T17:26:32Z 2009-06-30 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100805001645 http://hdl.handle.net/10986/3191 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Other Financial Sector Study Latin America & Caribbean South America America Colombia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC CRISIS
FISCAL DISCIPLINE
OPERATIONAL EFFICIENCY
PUBLIC EXPENDITURES
PUBLIC FINANCIAL MANAGEMENT
RESOURCE ALLOCATION
spellingShingle ECONOMIC CRISIS
FISCAL DISCIPLINE
OPERATIONAL EFFICIENCY
PUBLIC EXPENDITURES
PUBLIC FINANCIAL MANAGEMENT
RESOURCE ALLOCATION
World Bank
Inter-American Development Bank
Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance
geographic_facet Latin America & Caribbean
South America
America
Colombia
description This Public Financial Management Performance Report (PFMPR) analyzes the performance of Colombia's public financial management (PFM) institutions, systems and processes. It documents areas where performance is close to or follows international good practice, as well as opportunities to further enhance PFM contribution to the goals of strengthening fiscal discipline, enabling more efficient allocation of resources, increasing operational efficiency, and fostering transparency. It is expected that the identified opportunities will strengthen further the Government of Colombia's programs of continuous PFM improvement, as provided for under the National Development Plan pillar regarding a state at the service of its citizens: efficient and effective Government. The main challenges cited in the report could also be an important reference to future development plans and PFM reforms. Ensuring the sustainability and trajectory of PFM programs becomes even more critical in the context of public expenditure policies to deal with the current international economic crisis. The study is based on the 28 high-level indicators and 69 individual dimensions that compose the PFM performance measurement framework. Each indicator seeks to measure performance of a key PFM element against a scale from A to D. The highest score is warranted for an individual indicator if the core PFM element meets the relevant objective in a complete, orderly, accurate, timely and coordinated way, based on existing good international practices.
format Economic & Sector Work :: Other Financial Sector Study
author World Bank
Inter-American Development Bank
author_facet World Bank
Inter-American Development Bank
author_sort World Bank
title Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance
title_short Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance
title_full Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance
title_fullStr Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance
title_full_unstemmed Colombia - National Level Public Financial Management and Procurement Report : Public Financial Management Performance
title_sort colombia - national level public financial management and procurement report : public financial management performance
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100805001645
http://hdl.handle.net/10986/3191
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