world_organizations medium MCQ

Which World Bank initiative supports countries in strengthening public financial management systems to enhance transparency, accountability, and efficiency in the use of public resources for development?

  1. Public Expenditure and Financial Accountability (PEFA)
  2. Open Budget Partnership
  3. Fiscal Transparency Evaluation
  4. All of the above

Answer: All of the above

These tools complement each other: PEFA assesses PFM performance; Open Budget promotes citizen engagement; FTE evaluates fiscal reporting. Together, they help governments improve budget credibility, service delivery, and anti-corruption efforts, building trust and enabling more effective development financing.

Topic World Bank
Exam Relevance Banking, UPSC, SSC
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