Our mission is to manage the nation's finances in an open, transparent, accountable and efficient manner that delivers on the country's development priorities.
PFPR is a continental initiative that helps African governments deliver more from every public dollar. PFPR is designed as a structural reform partner, with a focuses on the public finance systems that determine how money is allocated and whether it delivers key public services like health or education.
Conceived by Vanguard Economics and delivered with the Africa School of Governance, PFPR builds capacity through ASG's training programmes and places a cadre of PFM practitioners in countries across the continent. PFPR aims to create sustained engagement for lasting institutional change.
PFPR is built around five qualities that define a well-run PFM system, each one reinforcing the others.
African governments are managing more with less. PFPR builds systems that get the most out of every public resource, so that what is budgeted is what actually gets delivered.
The world moves faster than any budget cycle can anticipate. PFPR builds systems that can keep up and move money quickly when circumstances change.
Systems built to last. PFPR strengthens the institutions that keep public finances working when conditions get difficult.
Moving fast can create pressure to cut corners. This is where accountability can help prevent speed from costing integrity. PFPR supports the financial controls and performance systems that keep governments answerable for how money is spent and what it buys.
As aid falls away, African governments have to rely on their own resources and deliver through their own systems. PFPR builds the foundations that make that work, so reform is owned and driven from within.
The fiscal squeeze facing African governments, and the structural PFM crisis hiding behind the financing crisis.
Read moreWhy strengthening public financial management is the best response African governments have, and the five pillars and path to self-sustainability that turn it into lasting reform.
Read moreHealth, Nutrition, Education and Social Services. The frontline sectors where PFM weakness costs most and reform pays back fastest.
Read moreRecent thinking on public financial management and development finance from leading global sources. Updated automatically.
Vanguard Economics created and launched PFPR in 2024–2025, and delivers it in partnership with the Africa School of Governance. The two provide the institutional base for PFPR's first phase.
