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?
- Public Expenditure and Financial Accountability (PEFA)
- Open Budget Partnership
- Fiscal Transparency Evaluation
- 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.