John Short,
what you posted goes well beyond PFM (hence the reason of moving the post under the Accra Agenda).
What the ODI director wrote is a well-thought checklist of issues all development practitoners should consider in implementing the Accra Agenda for Action.
Let me recap the issues made in the letter:
1. With only five years left to realise the promise of the Millennium Development Goals, the international community must refocus its efforts.
2. Think aid, think smart aid, but also think beyond aid.
3. Global economic governance and the G-20.
4. European development policy
5. Climate financing.
6. Trade.
7. Migration.
8. The private sector.
9. Rebuilding in fragile states.
10. Accountability.
Download the letter and see the concise but to-the-point recommendations for each point.