Making Development Finance Management Information Systems Work for the Evolving Development Cooperation Landscape
Based on increasing country demand, this Guidance Note offers concrete recommendations for governments looking to establish or strengthen robust systems for tracking comprehensive financial information across diverse resource flows, in support of enhanced development effectiveness and realisation of their own national priorities.
The purpose of this Guidance Note is to provide information on the key issues to be considered when assessing, strengthening or building a Development Finance Information System (DFMIS) to respond to the evolving financing landscape at the country level. A DFMIS can broadly be defined as a computerised system to record and process information about development activities and results across flows, as well as related financial information.
Specifically, the Guidance Note aims to answer the following questions:
- Given the evolving development cooperation landscape, what development finance data (e.g. information on which resource flows) should be collected?
- What types of systems are currently used to collect information on diverse financial data, including on how data is connected to development results?
- What are some of the challenges related to the policy and institutional frameworks surrounding DFMIS?
- What are the some of the cost considerations related to assessing, strengthening or building new DFMIS?