Integrated Financial Management II

closed

The Second Integrated Financial Management Technical Assistance Project's objectives are to: a) increase the efficiency and transparency of public sector financial management and control; b) improve the delivery of public services through the deconcentration to line agencies of the primary responsibility for management of their financial resources; c) improve the execution of public investment; and d) establish and/or strengthen mechanisms to reduce corruption in public sector spending. The project has five components. 1) Extending integrated financial management reforms will support reforms in budgeting, accounting, cash management, procurement, decentralization, information technology, legal framework, and training. 2) Strengthening the Comptroller General's Office (CGO) will cover external audit system, CGO restructuring, change management, human resource management, audit information technology system, audit out-sourcing, and internal audit units. 3) Strengthening public investment function will create a national system of public investment, strengthen public investment plans, decentralize investment design and execution, and reform contracting process. 4) Strengthening public debt management will be conducted through restructuring debt, fees system, capital markets specialized unit, training, and information technology system. 5) Project coordination will oversee project development, procurement and disbursement.