Public Finance for Prosperity and Resilience Initiative

Advancing Fiscal Systems for National Resilience and Growth

Challenges

We live in a rapidly changing world where many developing countries find it increasingly difficult to deliver essential services. Three interconnected megatrends contribute to this: 

Mounting Fiscal Pressures

Governments face rising costs just to maintain current service levels. Factors like conflict, climate change, and economic uncertainty place increasing demands on public expenditure, making it harder to meet citizens’ needs.

Declining External Aid

External aid is undergoing a period of rapid decline. Countries that were previously reliant on aid now face critical financing gaps, requiring urgent alternatives to sustain essential public services and development programs

Uncertain Access to Capital

Developing countries face mounting expenditure pressures just to maintain

current service levels dur to conflict, climate emergencies ,and increased economic uncertainty ,creating substantial fiscal challenges

Our Mission

The mission of the Public Finance for Prosperity and Resilience Initiative is to help countries build local capacities in public sector institutions and financial management systems that are equipped to mobilize resources and effectively deliver services in an increasingly complex world.

Pillars of Action

This initiative is a collective of experts that work with countries to address these public finance challenges directly, leverage aid in the process, and help build domestic capabilities. This is done through the following pillars:

1

Lowering the Cost of Capital in an Uncertain World

This pillar supports countries in reducing borrowing costs by enhancing macroeconomic, fiscal, and monetary stability. It also promotes the development of domestic capital markets and a more predictable investment climate.

Key Actions:

  • Strengthen fiscal and monetary frameworks

  • Develop long-term financing through domestic capital markets

  • Reduce perceived risk to attract investment

2

Identifying Service Delivery Bottlenecks and Building Reform Momentum

A strategic approach to pinpoint and resolve public finance bottlenecks in service delivery. It engages stakeholders across sectors to co-create reforms and drive public finance action.

Key Actions:

  • Map institutions, fund flows, and bottlenecks

  • Facilitate dialogue among local, sector, and finance institutions

  • Co-create actionable solutions for better outcomes

3

Developing NextGen PFM Capabilities

Invests in human and technological capabilities for modern public finance management. It promotes scalable training, practitioner networks, and smart tech solutions.

Key Actions:

  • Deliver scalable training & partnerships

  • Leverage technologies like AI, blockchain, and mobile verification

  • Guide countries in choosing the right tech for their finance challenges

Expectation

Empowering countries with tools for the modern world through our three-pillar approach

Capacity Building

Equipping public institutions with the skills and knowledge to navigate complex global challenges and implement effective solutions.

Financial Innovation

Creating access to affordable capital and innovative funding mechanisms to support sustainable public sector development and transformation.

Technology Integration

Deploying maturing technologies to their full potential, enhancing service delivery and creating opportunities for more effective public sector operations.

Key Initiative Outcomes

Ownership

Empowering countries to lead their own development agendas

Sustainability

Creating long-term solutions that endure beyond initial implementation

Efficiency

Optimizing resource allocation and service delivery processes

Accountability

Empowering countries to lead their own development agendas