CIPFA International - Glossary of International Terms

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Glossary of International Terms

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The Paris Club
(Club de Paris - Club de Paris)
The Paris Club is an informal group of official creditors who tries to find sustainable solutions to the payment difficulties experienced by debtor nations. Paris Club creditors agree to rescheduling debts due to them. Rescheduling provides a country with debt relief through a postponement and, in the case of concessional rescheduling, a reduction in debt service obligations.

Members (permanent): Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland, the United Kingdom, and the United States

http://www.clubdeparis.org/en/

The Paris Declaration
(Déclaration de Paris - Declaración de Paris)
The Paris Declaration, endorsed on 2 March 2005, is an international agreement to which over one hundred Ministers, Heads of Agencies and other Senior Officials adhered and committed their countries and organisations to continue to increase efforts in harmonisation, alignment and managing aid for results with a set of monitorable actions and indicators.

See also: High Level Forum on Aid Effectiveness and Joint Venture on Public Financial Management
http://www.oecd.org/document/18/0,3343,en_2649_3236398_35401554_1_1_1_1,00.html

PEFA
See: Public Expenditure and Financial Accountability program

PEFA Performance Measurement Framework
See: Public Expenditure and Financial Accountability Performance Measurement Framework

PEMPAL
See: Public Expenditure Management Peer Assisted Learning network

PER
See: Public Expenditure Reviews

PFiQ
See: Public Finance iQ

PFM-PR
See: Public Financial Management - Performance Report

PIUs
See: Project Implementation Units

PMPA
See: Public Management Policy Association

Poverty Reduction Budget Support
(Soutien Budgétaire pour la Réduction de la Pauvreté
PRBS is a form of financial aid in which funds are provided: -in support of a government programme typically focussing on growth, fiscal adjustment, and strengthening institutions, especially budgetary processes; and -directly to a partner government’s central exchequer, to spend using its own financial management, procurement and accountability systems.

http://www.dfid.gov.uk/Pubs/files/prbspaper.pdf

Poverty Reduction Strategy Reports
Poverty Reduction Strategy Papers (PRSP) are prepared by the member countries through a participatory process involving domestic stakeholders as well as external development partners, including the World Bank and International Monetary Fund

See also: IMF
http://www.imf.org/external/np/prsp/prsp.asp?view=ipr&sort=cty#cp

PRBS
See: Poverty Reduction Budget Support

Project implementation units (or Parallel Project Implementation Units)
In the contect of the donor community, Project Implementation Units (PIUs) refer to any form of special staffing and “ringfencing” arrangements made by the donor-agencies to manage and implement projects in partner countries. The debate on PIUs revolves around their efficiency and role in capacity development, their propensity to develop into parallel organizations.

http://www.oecd.org/dataoecd/62/9/35249987.pdf

PRSP
See: Poverty Reduction Strategy Reports

Public Expenditure and Financial Accountability program
(Dépenses Publiques et Responsabilités Financières - Gasto público y rendición de cuentas)
The Public Expenditure and Financial Accountability program, PEFA, is an international partnership which aims to support integrated and harmonized approaches to assessment and reform in the field of public expenditure, procurement and financial accountability. Objectives of PEFA are formulated in a manner that: -Encourages country ownership; -reduces the transaction costs to countries; -enhances donor harmonization; -allows monitoring of progress of country PFM performance over time; -better addresses developmental and fiduciary concerns; -leads to improved impact of reforms.

Members: the World Bank, the European Commission, the UK's Department for International Development, the Swiss State Secretariat for Economic Affairs, the French Ministry of Foreign Affairs, the Royal Norwegian Ministry of Foreign Affairs, the International Monetary Fund and the Strategic Partnership with Africa.

See also: Public Expenditure and Financial Accountability Performance Measurement Framework
http://www.pefa.org/

Public Expenditure and Financial Accountability Performance Measurement Framework
(PEFA Cadre de Mesure de Performance - PEFA Marco de Referencia para la Medición del Desempeño
The PEFA Framework, officially known as the Public Financial Management (PFM) Performance Measurement Framework, is intended to provide an integrated and harmonized approach for measuring and monitoring PFM performance progress, while also helping focus support on country-led PFM reform programs. The Framework covers the entire budget cycle.

See also: Public Expenditure and Financial Accountability program
http://www.pefa.org/pfm_performance_frameworkmn.php

Public Expenditure Management Peer Assisted Learning network
The Public Expenditure Management Peer Assisted Learning network creates a network of public expenditure management professionals in various governments in the Europe and Central Asia (ECA) region. These professionals can benchmark their PEM systems against one another and pursue opportunities for ‘peer’ learning, increasingly understood to enhance knowledge transfer

http://www.pempal.org/

Public Expenditure Reviews
Revues de Dépenses Publiques (RDP) - Exámenes del gasto público (EGP )
Public expenditure reviews (PERs) analyse the allocation and management of public expenditure.They may cover all government expenditure or focus on a few priority sectors (e.g. health, basic education, agriculture, water, roads). Increasingly, PERs also review expenditure management systems and institutions.

http://web.worldbank.org

Public Finance iQ
PFiQ is a commercial orientated business, dedicated to generating the funds required to finance IPFA's net expenditure requirement. Underpinning PFiQ is the relationship between IPFA and its UK partner, CIPFA. CIPFA will supply its copyright material and expertise in establishing services already developed by CIPFA and will provide the impetus for PFiQ to be sustainable.

http://www.pfiq.co.za/index.html

Public Financial Management - Performance Report
(- Informe de desempeño de la gestión de las finanzas pública)
PFM–PR aims to provide a comprehensive and integrated assessment of PFM performance of a country, based in particular on an indicator-led analysis of the key elements of a PFM system, and to assess the extent to which institutional arrangements within government support timely planning and implementation of PFM reforms.

See also: IPFA

Public Management Policy Association
The Public Management and Policy Association (PMPA) is a national membership organisation which exists to promote the value of public management and public policy. PMPA arranges events, lectures, publications and other opportunities for this community to meet, discuss and comment on the public policy and management issues of the day. Managed by CIPFA.

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