Reforming Public Financial Management in Developing Countries

From Harvard Kennedy School Insight

Interview with Stephen Peterson

Lecturer in Public Policy
Faculty Chair of the Executive Program in Public Financial Management

Reforming Public Financial Management in Developing Countries:

“In public financial management reform in developing countries, I think what’s important to remember is that modest improvements can have significant effects. … A modest strategy of evolutionary improvement ensures that the systems work while the reform is in place and they can evolve, eventually, to fairly sophisticated reforms. But you don’t move to sophisticated reforms overnight.”

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