Yemen Public Finance Modernization Project

closed

Closed

The objective of the Public Finance Modernization Project for Yemen is to improve the efficiency and transparency of the management of public finances by strengthening decision-support systems and building capacity of the government's central finance institutions. There are five components to the project. The first component of the project is enhancing decision-making mechanisms of budget management. This component would support the Ministry of Finance in improving its budget management practices. This will be achieved by improving the quality of budget preparation and providing effective control mechanisms in the budget execution systems. For improving the quality of budget preparation, this component will support capacity building in macro-fiscal forecasting and analysis, linking the national development plan with annual budgets, and bringing extra-budgetary funds into the main budget. The second component of the project is improving financial management information systems. This component would support the Ministry of Finance in extending the scope and coverage of the Accounting and Financial Management Information System (AFMIS) and the Loans and Grants Management Information System (LGMIS). The third component of the project is enhancing the capacity of public procurement institutions. This component would support the strengthening of public procurement control systems by providing support for capacity building for Government staff and for the High Authority on Tender Control (HATC). The fourth component of the project is strengthening the institutional capacity. This component would contribute to strengthening the capacity of the COCA, which is the country's supreme audit institution, by: (1) improving Central Organization for Controls and Audit's (COCA's) skills and knowledge of AFMIS; (2) strengthening COCA's audit manual and methodology, to take account of the introduction of AFMIS and other reforms of Public Finance Management (PFM); and, (3) developing and monitoring the implementation of COCA's medium- and long-term strategic plan. The fifth and the final component of the project is project management. This component will provide for goods, training, consultant's services, and incremental operating costs of the project management unit (PMU) to support project coordination, implementation, monitoring and evaluation, and management.

FY17 - Financial Sector,FY17 - Public Administration

World Bank

Project

Commercial, Government, Education