1MEDIUM-TERMEXPENDITUREFRAMEWORKSREVISITEDOctober2023PublicDisclosureAuthorizedPublicDisclosureAuthorizedPublicDisclosureAuthorizedPublicDisclosureAuthorized23Medium-TermExpenditureFrameworksRevisited1ExecutiveSummaryThisstudyprovidesanupdatedlookatMedium-TermExpenditureFrameworks(MTEFs).AstheworldisemergingfromtheCOVID-19pandemic,thisstudysuggeststhatMTEFsrespondedtothedislocationsofthepandemicandemergedintact.ItreinforcestheviewofanearlierWorldBankstudy(2013)thatMTEFs,whenwell-designedandimplementedmeaningfully,cancontributetoimprovedpublicpolicyandfinancialmanagement.Theanalysisinthisreportdrawsontwodiversesourcesofinformation—asurveyandcasestudies.Thesurveyresponses,drawnfromfiscalauthoritiesincountriesthathaveaMTEF,coveredabroadrangeofissuesrelatedtoimplementationofMTEFsandperformance.Theresultsareespeciallynotablehavingbeendrawntogetherduringthepandemic,withthememoryoftheglobalfinancialcrisisstillvividformany.FeedbackfromcounterpartsincludedacknowledgementthatthesurveyitselfactedasaprompttoreinvestinthinkingthroughtheoptimalizationofMTEFdesignanddelivery.Thecasestudyanalysis,drawingontheexperiencesin11countries,focusedontheevolutionoftheMTEFinthesecountriesovertime,accompaniedbycollectionofbasicdataonthetransitionofkeyfiscalaggregatesduringtheperiodoftheMTEF.Thesurveyresponseswereinstructiveinarangeofa...
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