Municipal Financial Management Technical Assistance Project

closed

The Municipal Financial Management Technical Assistance (TA) Project, will support selected municipalities in implementing the new budgeting, and financial management system, and, assist the Government to complete selected analytical work on policy reforms. Therefore, project components will: 1) provide TA in implementing reforms of the Municipal Financial Management Bill/Act, which prescribes budgeting, accounting, and financial reporting systems, with reforms implemented through a three-phase process. Implementation of additional reforms, such as regulatory reforms to encourage the development of municipal finance markets, and for reforms in intergovernmental fiscal transfer programs will be addressed; 2) design, and implement a municipal sector monitoring, and early warning system, through an active transformation of corporate structures; and, 3) assist with additional policy reforms in the municipal sector, for accessing resources, ensuring provision of basic services, particularly for the poor. Moreover, policy formulation will focus on strategies, and institutional design, linking these reforms to appropriate management and regulation, to finally address financing of the overall strategy. As well, municipal finance market development will be emphasized, with significant TA input, as will linkages between budgeting and planning.