Sunday, December 4, 2011

Kiribati.Strengthened Public Financial Management

The Government of Kiribati expressed a need for technical assistance (TA) on public financial management (PFM) in 2010 to address priority areas of weaknesses identified in the Public Expenditure and Financial Accountability (PEFA) assessment. Based on the assessment, the Government with assistance from the European Union (EU), put together a draft Public Financial Management Plan (PFM Plan) to provide guidance on reform activities in a coherent and coordinated manner. The PFM plan indicated three priority areas: (i) improving accounting practices; (ii) strengthening revenue management and policy and; (iii) building capacity within the Ministry of Finance and Economic Development (MFED). Discussion between the Asian Development Bank (ADB), government and development partners determined a focus by ADB on improving accounting practices through an integrated capacity building program would complement the ongoing ADB TA efforts in assisting the Government of Kiribati.

A TA fact finding mission visited Kiribati from 24 May-2 June 2011. It reached an understanding in discussions with the Government and other stakeholders on the impact, outcome, outputs, implementation arrangements, cost, financing arrangements, and terms of reference for consulting services. The TA design and monitoring framework is in Appendix 1.

Asian Development Bank.Project Number.43418-01

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