1、PFMPERFORMANCEIN AFRICAForewordPublic financial management in Africa has significantly evolved over the last two decades,strengthened by national development priorities,technological advancement and international standards and sustainability goals.Even so,the pace of reformation continues to be chal

2、lenged by systemic issues and deficiencies that undermine major investments from governments and development partners.ACCAs approach to supporting sustainable development in the region hinges on our mandate for public good.We believe that the accountancy profession plays a pivotal role in building s

3、trong public financial management(PFM)systems and achieving sustainable reform objectives.By building capacity and fostering collaboration between the public sector and relevant key stakeholders,we look to enable strong institutions and systems to optimise public service delivery.With the increasing

4、 need for sustainability and transparency in financial management and reporting,governments in Africa face a unique combination of challenges,ranging from declining fiscal sustainability and severe gaps in achieving sustainable development goals,to constantly rising debt burdens.More than ever,gover

5、nments in the region are keen to seek collaborators in addressing these multifaceted issues,with eforts to de-risk public investment opportunities.Through this research,ACCA highlights the major systemic and operational factors currently impeding PFM systems and overall performance of reform eforts.

6、Being mindful of the complexity of such factors across a region as diverse as Africa,we worked with PFM stakeholders,including Accountants General,treasury commissioners,senior PFM professionals,independent consultants and development partner experts,to uncover common themes in priority issues and i