IPF STRATEGIC PLAN 2024-2028 -The Institute of Public Finance (IPF) is a non-profit think tank that generates research-driven evidence for advocacy and provides technical assistance to state and non-state actors to promote equitable, efficient, and effective Public Finance underpinned by Transparency, Accountability, and Participation (TAP).

IPF launched its Strategic Plan for the year 2024-2028 on 1st December 2023 at Sarova Panafric Hotel.  This was an opportunity to share our strategic direction with the theme “Navigating the Dynamic PFM Landscape”.

The Institute of Public Finance was established in 2013 to promote transparency and accountability in public finance management (PFM) in Kenya, as detailed in its founding memorandum.  This was a moment of transition: Kenya’s new constitution mandated major changes in public finance, including the creation of county governments that would manage their budgets at the local level.  With new, more open, and more participatory budget processes at both national and county levels, it was clear that there was a need for independent budget analysts to generate credible evidence to inform budget stakeholders. IPF therefore began a program of research, capacity strengthening, training, and advocacy for both state and non-state actors at the national and county levels.

Over the last ten years, the Institute of Public Finance has become Kenya’s leading public finance management think tank.  The organization works to advance six key principles of public finance, which we will discuss in greater detail throughout this document:

  • Transparency
  • Public Participation
  • Accountability
  • Equity
  • Efficiency
  • Effectiveness

We work at both levels of government and have begun work beyond Kenya’s borders as well.  We have strong partnerships with local organizations and have built a reputation with the government as a reliable interlocutor on public finance matters through our research products and events.  We are proud of our work, but also very conscious of the long road ahead to realize our core values in Kenya’s public finances.

As we take up the challenge of supporting PFM reforms, we do so as an organization committed to a set of 21st-century organization values that govern our day-to-day work.  These values include:

Diversity, Equity, and Inclusion: IPF operates on merit and equal opportunity principles. We endeavor to maintain a gender-balanced workforce.  We encourage the full participation of our internal and external stakeholders in our programming.

Integrity and Accountability: We adhere to rigorous ethical standards in compliance with the laws in Kenya and other countries where we operate. IPF staff from the CEO to the administrators, and everyone in between, are answerable for their actions, behaviors, and performance.

Courage: Courage is the driving force behind meaningful change and the catalyst for transformed systems. IPF embodies courage in content development, policy discourse, and public participation.

Relevance: We remain responsive to the ever-changing needs and dynamics within the public finance management space

Innovation: We push for creative ideas and solutions to better serve our employees, clients, and the organization.