More development per dollar requires stronger financial instruments

Strengthening public financial management can increase the efficiency, effectiveness, equality achieved and not least the accountability practiced in the use of development finance. Progress towards the Sustainable Development Goals will be much greater if instruments such as government-owned performance based grant systems and formula fund allocations are institutionalized. This should be combined with strengthened capacity to work to international standards in budgeting, procurement, accounting and auditing.

Underlying this approach is the aim of increasing the engagement of citizens and their communities in two ways; one being a strengthening of the role and resources for local government, based on the principle of subsidiarity and, the second, a strengthening of citizens’ opportunities to monitor and engage with local government in an inclusive manner.