|Approval Date||04 Oct 2022|
|Signature Date||25 Nov 2022|
|Planned Completion Date||31 Dec 2023|
|Last Disbursement Planned Date||31 Dec 2026|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The Project to Build the Capacity of Public Finance Audit Institutions and Governance of Public Enterprises and Establishments (PAIC-GEP) aligns with the third aspiration of the African Union's Agenda 2063 and the 16thSustainable Development Goal (SDG). Regarding Agenda 2063, PAIC-GEP will support Djibouti in achieving the third aspiration -an Africa of good governance, democracy, respect for human rights, justice and the rule of law. The project will specifically target the second goal of this aspiration, which is to promote capable institutions and transformative leadership at all levels. The project will be structured around three components, two of which are technical and the third project management: (i) Support the improvement of public finance audit and control functions; (ii) Support effective governance and supervision of public enterprises. The overall project cost is 4.7 million Units of Account, excluding taxes and customs duties, financed by an ADF grant from the ADF-15 performance-based allocation.
The project development objective is to improve performance and accountability in public financial management through strengthening audit functions and enhancing the performance of public enterprises. This development objective supports capacity building and macroeconomic stability, which are identified as weak points contributing to the fragility prism in Djibouti. 20.The first specific objective will aim to improve the capacities of the audit institutions in their regulatory mission by mainly targeting the Court of Audit and Budgetary Discipline, the IGF, the Directorate of Public Accounts and the National Commission in charge of the Fight Against Corruption.
This project specifically targets public institutions charged with auditing public finances and public enterprise governance. Five main beneficiary structures are covered, namely: (i) the Court of Auditors, (ii) the Anti-Corruption Commission, (iii) the General Inspectorate of Finance, (iv) the Directorate of Public Accounting and (v) the Executive Secretariat in charge of the State Portfolio. The project will also implement some activities that will impact the following structures, considered as indirect beneficiaries: the State General Inspectorate, the Finance Commission of Parliament, the Directorate of Public Debt, the Directorate of Legal Affairs of the Ministry of Economy and Finance and civil society through the National Union of Djiboutian Women (UNFD). These structures will be involved in activities scheduled and their respective staff will participate in training offered under the project. The overall Djiboutian population will benefit from the outcomes of this operation through healthier public finances.
African Development Fund
GOUVERMENT DE DJIBOUTI MINISTERE DE L'ECON. DES FIN. ET DE LA PLANIFICATION
|Last Update||22 Mar 2023|
|Name||Sandrine Ida EBAKISSE TSANGA|