Public Finance Management Reform

Closed

The Project impact will be more efficient allocation and utilization of fiscal resources and improved macroeconomic management. The Project outcome will include (i) an efficient and sustainable Treasury mechanism fulfilling its mandated responsibilities as defined in the Treasury law; and (ii) improved transparency, accountability and efficiency of public finance management processes. The project impact outcome will be monitored by progresses in the following areas: (i) cash and debt management, (ii) expenditure control and management in line with budget policies and priorities, (iii) minimized delays in payment cycle, (iv) creation of a modern accounting system to conform to international standards, and (v) generation of timely and accurate management reports to meet diverse user needs.