To help countries better address their development needs and provide efficient and effective public services to their citizens, Chemonics works with governments to build and maintain sound, effective, transparent, and accountable public financial management systems. We increase institutional and human capacity to forecast, manage, and increase domestic resource mobilization, and simultaneously build capacity to plan and execute budgets, as well as to monitor, evaluate, and report on budget expenditures. Chemonics engages in fiscal policy and pension reform, improves debt management and government procurement, and provides technical assistance in auditing, systems design, hardware, and customs operations.
Public Financial Management.
Creating Public Finance Reform
Melissa Scudo, former team lead for the USAID Tunisia Tax and Customs Reform Pilot Activity, discusses methods for creating reform in the public finance space.
Laying the Fiscal Foundation for Tunisia’s Growth
With greater simplicity, equity, and efficiency in its fiscal policies, the Tunisian government can foster sustainable and inclusive growth.
Tax Reform for Economic Growth
In 2014, Tunisia conducted its first free and democratic elections, a process that marked its smooth transition out of four years of political unrest but also highlighted the need for economic reforms.
Piloting and Promoting Best Practices for Economic Growth
Piloting and sharing approaches to job creation, public financial management, trade and customs, access to finance, enterprise and workforce development, and economic inclusion is promoting economic growth in Asia, the Middle East, and North Africa.
Establishing Partnerships in Kosovo
Kosovo is investing in its business environment to enhance the private sector and create employment opportunities across the country.
Managing the Budget and Increasing Revenue
To reduce dependence on international aid, Afghanistan is working to strengthen its economy and mobilize domestic revenue to continue to make progress.
Sharing Financial Sector Knowledge
In the face of globalization, countries worldwide must strengthen and deepen their financial systems to achieve growth and alleviate poverty.
The Journey to Better Development: Financial Sector Tools Worth Revisiting
If we’re going to make development dollars go further, we need to build on and learn from our experiences as implementors. Recognizing this, we revisited several frequently requested economic growth resources produced by Chemonics, our partners, and USAID through the USAID Financial Sector Knowledge Sharing Project (FS Share), which closed in 2012. While reviewing the…
Sequencing for Success in Blended Finance Solutions
For emerging markets, blended finance is the new cool kid on the block. It’s a tool that facilitates access to finance around the world, and it’s gaining momentum with the international development community. While articles discussing blended finance abound, development practitioners increasingly seek specific information about how to “do” blended finance. Chemonics and LixCap know…
How Critical is PFM in Achieving the Sustainable Development Goals?
Effective public financial management (PFM) is a “cornerstone of good governance.” PFM, or the ability of governments to efficiently collect revenue and spend it in an accountable and transparent manner, is instrumental for nations seeking to expand their economic growth and increase available resources to pursue national objectives, including those relating to the United Nations’…
Transforming Public Finance — A Proven and Scalable Information Systems Solution in Haiti
“Reducing corruption stands at the heart of the recently established Sustainable Development Goals (SDGs).” The World Bank made this statement in its November 2016 brief on anti-corruption, and the concept doesn’t necessarily come as a surprise. Corruption, inefficiency, and lack of transparency often hurt vulnerable groups the most, putting up barriers and distorting access to…
Promoting Secured Transaction Reform in the Middle East and North Africa
Modern secured transaction laws increase the availability of credit and reduce its cost, by ensuring that lenders can collect debt and enforce their rights in movable property collateral through a timely and inexpensive process. From a global perspective, the Middle East and North Africa (MENA) region is significantly behind in pursuing and operationalizing reforms to…
3 Questions with Anne Spahr: From A to Z on Economic Growth in Asia and the Middle East
Anne Spahr is the chief of party of the USAID-funded Asia and Middle East Economic Growth (AMEG) Best Practices Project. She is a micro, small, and medium enterprise (MSME) finance and business development specialist with more than 10 years of experience working with farmers, fishers, and small business owners in Africa, Latin America, Asia, and…
Market Development at the Nexus between Public and Private Sectors
The Sustainable Development Goals established an agenda for transforming the world in which we live. SDG1 sets for the ultimate objective for the global community: to end poverty in all of its forms by 2030. The remaining 16 SDGs identify critically interlinked objectives which are both necessary and sufficient to achieve this objective. They clearly…
How Mobile Money Can Cut Down on Corruption in Afghanistan
Increasingly over the last several years, using mobile money as a tool for spurring economic growth and development has been heralded as a laudable development endeavor, and rightfully so. Those familiar with this narrative will quickly point to the case of Kenya’s M-PESA. From media coverage to academic studies, the rapid growth of mobile money…
3 Questions with Agim Salihu: Municipal Public Finance in Kosovo
You’ve said that you believe public financial management is the foundation of sustainable development in southeastern European countries. How does this belief translate into the work you’re doing on AKT? I am fully confident that in any part of the globe, including southeast Europe, public financial management is the basis for sustainable development. I apply…
3 Questions With Melissa Scudo on Tax Reform for Economic Growth
Melissa Scudo is the team leader for the Tunisia Tax and Customs Reform Activity (TCP)—a two-year initiative to help the government of Tunisia bolster economic growth through tax and customs reform. TCP is part of Chemonics’ Asia and Middle East Economic Growth Best Practices (AMEG) project. Regional turmoil makes this a challenging time to implement…
How Will The World Pay for The Sustainable Development Goals?
The International Consortium on Governmental Financial Management (ICGFM) is convening this week in Miami, Florida, with the shared interest of improving public financial management in their respective countries. To kick off the conference, Lead Financial Management Specialist Svetlana Klimenko from the World Bank highlighted the importance of public financial management within the larger context of…