Public Financial Management Enhancement Project

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The development objective of Public Financial Management Enhancement Project (PFMEP) for Zimbabwe is to improve control, transparency and accountability, and oversight in the use of public resources in the Recipient’s territory. It has five components as follows: 1) The first component, Financial Management and Accounting, aims to improve financial reporting, strengthen fiscal controls, and enhance financial transparency. 2) The second component, Enhance Effectiveness of Internal Controls and Internal Audit, aims to strengthen internal oversight and controls by enhancing effectiveness of internal audit to ensure compliance with rules and regulations and contribute to effective service delivery outcomes. 3) The third component, Enhance Accountability through Strengthening of External Audit, aims to strengthen the Office of the Auditor General (OAG) to deliver highquality audit products, on its enhanced mandate (as provided for by the Constitution), which covers all Ministries, Departments, and Agencies (MDAs) of Government, public entities, and rural and urban local authorities. 4) The fourth component, Strengthening the Demand Side of Transparency and Accountability, aims to strengthen the demand side of transparency and accountability by enhancing the parliament’s role in Public Financial Management (PFM), including increased collaboration with other demand-side actors. 5) The fifth component, PFMEP Management, aims to provide the administrative and operational structure for the seamless management and coordination of implementation of project activities by the various component managers.