MTBF in Pakistan: Reform against the odds

OPM authors/contact
David Hoole
OPM Briefing Note
July 2014

It is now recognised that institutional incentives are critical to the successful reform of public financial management (PFM) systems. However, there is relatively little guidance on how to identify and manage these issues. The Medium Term Budgetary Framework (MTBF) reform programme in Pakistan provides a good example of how political and organisational factors play a critical role in shaping the pace and success of PFM reforms. This note uses current thinking on PFM reform to understand the factors that led to a successful outcome for the Pakistan MTBF, against the odds.

Pakistan: Moving to a Medium Term Budgetary Framework (MTBF)