The financial year (FY) 2013 (May 1, 2012–April 30, 2013) was another successful year for AFS. Technical assistance (TA) and training activities more than doubled in FY 2013, indicating strong demand for the center’s activities and good traction. AFS helped member countries achieve tangible results in improving their compliance with international good practices and standards. In the area of public financial management (PFM), the modernization of PFM legislation, a strengthening of medium-term budget and fiscal frameworks, and improvements in accounting and reporting are particularly noteworthy. In the area of revenue administration, many member countries can now benefit from enhancements to organizational structures and better compliance management. In the
area of financial sector supervision, the center helped a number of countries to advance important regulatory reforms. In the area of real sector statistics, there was encouraging progress in improving national accounts and price statistics.