Public Expenditure and Financial Accountability Assessment

Abstract

The objective of this assessment is to
 update the public expenditure and financial accountability
 (PEFA) assessment published in early 2008. The assessment is
 expected to assist the Government of Nepal to: (a) establish
 indicator led assessment of the country’s public financial
 management (PFM) system, (b) update the fiduciary
 environment of the PFM systems and processes of the country,
 and (c) assist in identifying those parts of the PFM system
 that may need further reform and development. The
 institutional and organizational approach taken by the
 Government of Nepal ensured coordination among various
 government institutions. The assessment included collection
 of additional documentation, including meeting minutes, and
 interviews with government counterpart teams and main
 stakeholders. The report was updated and refined following
 advice from a World Bank team. A specialist in the use of
 PEFA methodology assisted in the later drafts and visited
 Nepal in August 17-20, 2014. Meetings were held with the
 PEFA Secretariat at the Financial Comptroller General Office
 (FCGO) and with the Ministry of Finance (MoF) Budget
 Division. This final draft of the report addresses all the
 comments received up to November 31, 2014. The findings of
 the assessment were shared with the donors in September 2014
 and their comments assisted the finalization of the draft
 report. The World Bank also provided continuous quality
 control support.