Eritrea - Economic and Financial Management programme (EFMP)


Project Summary

Approval Date 17 Jun 1998
Signature Date 06 Apr 1999
Planned Completion Date 31 Dec 2002
Last Disbursement Planned Date 30 Jun 2003
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Environmental Category 3
Commitment U.A 944,750.11
Status Completion

Project General Description

The present intervention concerns the Economic and Financial Management program (EFMP). This programme is designed to provide Eritrea with the need institutions, systems, short-term experts, information management technology, analytical capacity and processes for policy formulation and implementation and the creation of a conducive environment for private sector development. The project is expect to produce five outputs: (1) effective project appraisal format and flow charts for various processes; (2) improved accounting, internal auditing and control system and appropriate manuals; (3) improved staff skills for project analysis and development credit delivery operations; (4) well-functioning information system and computerized credit operations; and (5) properly equipped offices and improved communications and transport facilities. The project consist of the following components: (a) training; (b) technical assistance; (c) equipment and vehicles; and (d) operating expenses for supplies.

Project Objectives

The objective of the project is to assist the Government of Eritrea in building capacity for development credit delivery through the strengthening of the institutional capacity of the newly created Eritrean Development and Investment (EDIB).

Beneficiaries

The programme is expected to benefit the Eritrean Development and Investment (EDIB) and the State.

Participating Organization

Funding
African Development Fund
Extending
Government Of Eritrea
Implementing
Eritrean Development and Investment Bank

Information

IATI identifier 46002-P-ER-KF0-001
Last Update 01 Dec 2022

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Contact Details

Name MATILA Mothobi P.S.
Email m.matila@afdb.org

Geographic Location

Country Eritrea