USAID’s Public Financial Management (PFM) II Indefinite Delivery/Indefinite Quantity (IDIQ) will provide support for the public sector in developing countries that USAID serves. When governments have sound, effective, transparent, gender-aware and accountable systems in place to manage public funds, there is a decrease in opportunities for corruption, inefficiencies and mismanagement. Sound public financial management systems can facilitate good governance practices; access to useful, accurate public information for better decision-making; and systems that complement each other across governmental entities.
Governments with such sound public financial management systems, that include transparency, accountability, and internationally-recognized standards, tend to be more stable, more credible, and better able to achieve broad-based economic growth.
PFM II will address four factors which are keys to USAID’s goal of achieving broad-based equitable economic growth:
- Increasing and expanding human capacity
- Improving the policy environment to promote efficiency and economic opportunity for all members of society
- Sound management of institutions
- Good governance
QED Group is part of Nathan’s IDIQ consortium. Nathan is a private international economic and analytics consulting firm that works with government and commercial clients around the globe to deliver practical solutions and achieve lasting results.