Enhanced Public Sector Efficiency Technical Assistance Loan

closed

The objective of the Enhanced Public Sector Efficiency Technical Assistance Project for Panama is to assist public agencies of the borrower in producing, using and disseminating timely and quality performance information, thereby allowing a more efficient, transparent and account use of the Borrower's public budget funds. There are four components to the project, the first component being strengthening performance-based budget management and evaluation. The provision of support to the Ministry of Finance (MEF), including, goods, Information and Technology (IT) equipment, operating costs, training and technical assistance for the carrying out of activities aimed at improving the institutional and technical capacities of MEF for performance-based strategic planning and budgeting in order to create conditions for enhancing the quality of public spending. The second component is the new financial management model: strengthening budget execution, treasury, accounting and control. The third component is the strengthening public procurement and contracting. The provision of support to the General Directorate of Public Procurement (DGCP), including goods and IT equipment, training and technical assistance, for the reform of the Borrower's public procurement process, through the carrying out of activities aimed at supporting the institutional strengthening of DGCP, as well as building the capacity of public procurement officials. Finally, the fourth component is the creation and support of project management capacities.