PUB FIN MGMT II

closed

Building on progress made under the First Public Financial Management Operation, the objectives of this project are to: (a) institutionalize budgeting, accounting, cash management and auditing procedures at various levels of government; (b) enhance the institutional capacity both at the central and regional government levels to implement the new procedures; (c) provide the Government of Bolivia (GOB) with ex post control functions vital to the enforcement of accountability for results in the public sector; and (d) develop skilled manpower to sustain the new procedures. The project consists of: (a) a financial management and control component to create and/or modernize budgeting, accounting, cash management and government auditing norms and procedures at the central administration level and disseminate them at other public sector levels; (b) the development of standards and regulations, to review and/or draft regulations called for by the Law on Financial Administration and Control Systems (SAFCOlaw) in operations programming, personnel management, procurement and administration of goods and services, and the rationalization of the non-financial public sector; and (c) training of existing and future management specialists and their managers.