Briefing paper

Enhancing the capabilities of central finance agencies: a political economy perspective

30 Jan 2012

Central Finance Agencies are uniquely positioned, strategically and operationally, to influence economic outcomes.

As the agency in control of public resources, a Central Finance Agencies (CFA) marshals and deploys resources to achieve desired objectives and outcomes while at the same time also exercising guardianship over the public purse through its institutional roles, provision of incentives, and administrative culture. Combined with numerous other functions (core and noncore), CFAs are thus assigned predominant responsibility for the shaping of resource decisions and supervision of public finances. Moreover, as the the “nerve center” of government, CFAs are central to reform itself; often their power and leadership critically determines the scope and content of the reform process.

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