European launch: Public financial management and its emerging architecture

4 September 2013 12:30 - 14:00 GMT+01 (BST)
Public event
Streamed live online



Marco Cangiano - Assistant Director, Fiscal Affairs Department, IMF; and visiting scholar, NYU Wagner Graduate School of Public Service


Joachim Wehner - Senior Lecturer in Public Policy, London School of Economics

James Richardson - Director, Fiscal and Deputy Chief Economic Advisor, HM Treasury

Philipp Krause - Head of Research for the Budget Strengthening Initiative, ODI


Edward Hedger - Head of the Centre for Aid and Public Expenditure, ODI



The last two decades have seen a wave of global innovations and reforms that have fundamentally altered the way public finances are managed.


A new book from the International Monetary Fund (IMF) – Public Financial Management and Its Emerging Architecture – critically examines the most important of these reforms and innovations, including:

  • fiscal responsibility legislation;

  • fiscal rules;

  • medium-term budget frameworks;

  • fiscal councils;

  • fiscal risk management techniques; 

  • performance budgeting; and 

  • accrual reporting and accounting.

This event will present the findings of this new work, providing the opportunity to examine them in light of challenges posed by the global economic crisis and their relevancy for policymakers and analysts.