We help governments and public institutions design and implement budget reforms that actually take root — practical, sustainable, and built to last, drawing on years of hands-on experience advising public institutions worldwide.
PICA PFM is a specialised advisory practice focused on public financial management and budget reform. We combine technical excellence with practical experience to support reform design and implementation in complex institutional environments.
We work where policy meets administration — helping ministries of finance and public institutions turn reform ambitions into processes that survive changes of government, budget cycles, and staff turnover.
Our experts have designed, led, and advised on complex reform programmes on behalf of European governments and international organisations, including the IMF, World Bank, WHO, OECD, and the European Union.
We have delivered technical assistance, training, and policy advisory services across Central and Eastern Europe, Central Asia, East Asia, the Middle East and North Africa, Sub-Saharan Africa, and the Caribbean. This international experience lets us combine global good practice with a working understanding of the institutional, political, and fiscal realities that shape whether a reform actually lands.
Through close collaboration with leading academic institutions, we pair practical implementation experience with current evidence and research on what drives effective PFM reform — so we can tell the difference between what works in theory and what delivers sustainable results in a specific country context.
We support governments in designing, adapting, and implementing PFM reforms tailored to their institutional context, policy priorities, and implementation capacity. Rather than promoting one-size-fits-all solutions or replicating international "best practices" without adaptation, we work alongside national counterparts to develop practical, sustainable reforms that strengthen public institutions and improve fiscal governance.
Sustainable reform depends on capable institutions and empowered public officials. Our capacity development programmes go beyond knowledge transfer, strengthening the practical skills, analytical capabilities, and leadership needed to address real-world budgetary, fiscal, and governance challenges. Through coaching, mentoring, and hands-on learning, we help build institutional capacity that lasts long after external support has ended.
We provide independent, evidence-based advice on strategic PFM and fiscal policy issues. Our recommendations are guided by international experience while staying grounded in each country's objectives, fiscal context, and institutional realities. We work as trusted partners to governments and development partners alike, helping identify feasible reform pathways, manage implementation risks, and achieve measurable improvements in public sector performance.
Our practice brings together senior PFM specialists, budget and audit experts, and institutional reform advisors — with careers spent inside governments as well as advising them.
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