The Ministry of Finance & Economic Management (MFEM) commissioned an assessment of the performance of governments’ Public Financial Management (PFM) systems. The Public Expenditure and Financial Accountability (PEFA) assessment methodology was utilised and the assessment was undertaken in May 2011.
To date, a total of five internal reviews have been conducted with one self-assessment undertaken by the International Monetary Fund Organisation. This review covers the period November 2013 through to April 2014. This is an update on the progress from the time of the self- assessment review which was carried out in November 2013.