Public Expenditure and Investment Management Reform Project

closed

The development objective of the Public Expenditure and Investment Management Reform Project for Central African Republic is to improve management and transparency of public expenditures and public investments. The project comprises of three components. The first component, management and transparency of public expenditures aims to consolidate core functions across the expenditure chain, from budgeting to oversight. It consists of following sub-components: (i) strengthened budget preparation, management, and execution; (ii) strengthened procurement management; (iii) financial management information system; and (iv) strengthened treasury management, accounting, and external oversight. The second component, management and transparency of public investments will complement on-going activities funded by the World Bank and on-going and new activities from other development partners. It consists of following sub-components: (i) establishing and operationalizing a National Recovery and Peace Building Plan (RCPCA) Secretariat; and (ii) strengthened management of public investments. The third component, project management aims to support the project management functions of the government, particularly the Ministry of Finance and Budget (MFB), in implementing the project. It consists of following sub-components: (i) management support for the project management unit (PMU); and (ii) contingency fund.