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Mongolia Public Financial Management Performance ReportThis public financial management
 performance report (PFM-PR) is the first assessment of
 Mongolia’s PFM system using the public expenditure and
 financial accountability (PEFA) framework. The report aims
 principally to establish an objective baseline measure of
 current PFM performance, highlighting areas of absolute and
 relative strength and weakness, thereby enabling a
 stock-taking of over a decade of PFM reforms in Mongolia and
 guiding the government in its reform priorities. The
 assessment covers PFM at the budgetary central government
 level. The PEFA is an evidence-based methodology that
 measures the performance of a country’s PFM system at a
 particular point in time using a set of standardized
 indicators. The assessment is done on six dimensions of an
 open and orderly PFM system identified by the framework,
 which are: credibility of the budget; comprehensiveness and
 transparency; policy-based budgeting; predictability and
 control in budget execution; accounting, recording, and
 reporting; and external scrutiny and audit. This PEFA
 assessment will complement the considerable work that has
 already taken place on public expenditure management, which
 includes regular economic updates, public investment
 reviews, procurement reviews, analytic work conducted and
 supported by the World Bank funded technical assistance
 projects, as well as technical assistance mission reports of
 the International Monetary Fund (IMF).
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Iraq Public Expenditure and Institutional Assessment, Volume 1The public expenditure and institutional
 assessment (PEIA) were motivated by a number of factors.
 First, both the Government of Iraq (GoI) and its
 international development partners have recognized the
 critical importance of sound management of Iraq's
 substantial public financial resources. Both parties support
 the reform and modernization of public financial management
 (PFM), as articulated in the International Compact for Iraq
 (ICI). Secondly, international experience demonstrates the
 importance of establishing a baseline against which progress
 in PFM over time can be measured. This implies the need for
 an assessment which provides the information necessary to
 measure the performance of a country's PFM system.
 Thirdly, the devastating circumstances in Iraq during the
 past 5 years have made the institutional arrangements for
 PFM the subject of considerable uncertainty. The PEIA can
 help to shape and prioritize the necessary development
 program. The report is organized in two main parts. Volume
 one contains a summary of the main issues to emerge from the
 public expenditure and financial accountability (PEFA)
 assessment and a discussion of a number of specific PFM
 issues of current importance to Iraq, including: capital
 investment budgeting (CIB), oil revenue management, the Iraq
 financial management information system (IFMIS), public
 accounting and accountability, and payroll management.
 Volume two contains a detailed technical analysis behind the
 PEFA assessment.
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Public Expenditure and Financial Accountability AssessmentThe 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.