Managing development resources: the use of country systems in public financial management

Successful development depends in large part on the efficiency, integrity and effectiveness with which the state raises, manages and expends public resources. Improving the rules and institutions governing these activities should be a major component, therefore, of any development approach. Given that strengthening Public Financial Management (PFM) is at the heart of the Millennium Development Goals, and good governance more generally, the Paris Declaration (2005) seeks to promote joint efforts in this area between donors and partner countries. In particular, partner authorities committed to strengthening their PFM systems and donors committed to using those systems to the maximum extent possible. The Joint Venture on Public Financial Management, bringing together donors and partner authorities, was created to facilitate the implementation of the Paris Declaration as it relates to PFM.