Greening Public Financial Management — Learning Event

The Public Financial Management for Climate Action (PFM4CA) for ECA is an integrated framework that supports country-level results by building country ownership and institutional capabilities for mitigation and adaptation results. The framework seeks to build on systematic and evidence-based diagnostics to prioritise better and sequence operational support in green PFM. Its primary focus is on the 'how', optimising promised results across different time horizons, and mitigating risks or pitfalls.

The PFM4CA engagement framework takes a whole-of-government approach to achieving country-level results. National, sub-national, and SOE institutional sectors are all critical to delivering on climate actions across the ECA region. The PFM4CA is built on the premise that a combination of taxation, expenditure, and regulatory measures can help deliver climate action objectives.

Given the long-term implications of inertia and green transition trajectories associated with public infrastructure investments and non-financial asset governance, this area of PFM receives particular attention. Climate action results will depend on the effectiveness of PFM-related policies and practices.

The PFM4CA initiative also works to promote awareness, application, and adoption of online decision-support tools for better climate actions. Through an integrated people, process, and technology engagement framework, it aims to stimulate public sector modernisation for more inclusive and climate-smart development across the ECA region. Functional resources such as the Geospatial Planning and Budgeting Platform (GPBP) — which can be found on pim-pam.net — can help realise this opportunity.