|Approval Date||17 Dec 2013|
|Signature Date||16 Jan 2014|
|Planned Completion Date||30 Jun 2018|
|Last Disbursement Planned Date||30 Jun 2018|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The Strengthening of Public Financial Management and Macroeconomic Management Capacities is a technical and institutional support project funded by a grant under Pillar 1 of the Fragile States Facility (FSF). It focuses on training, skills transfer, provision of basic office equipment, including computer equipment. This project focuses on three areas, namely: (a) strengthening of debt management capacity; (b) strengthening public financial management capacity; and (c) strengthening macroeconomic management and monetary policy capabilities. The expected effects of the project are more effective and efficient debt management and increased accountability in the use of public resources, combined with greater financial depth and more effective and efficient macroeconomic planning. It is scheduled to run from January 2014 to June 2018 for an estimated total amount of UA 22.97 million. The project has three mutually reinforcing components: (i) strengthening public financial management capacity; (ii) strengthening of macroeconomic management capacity; and (iii) strengthening of debt management capacity.
The overarching goal of the project is to strengthen and improve transparency, accountability and efficiency in the use of public resources, macroeconomic policy and debt management through institutional support and capacity building. The project aims specifically at: (i) strengthening the governance and institutional capacity of public institutions; (ii) strengthening of debt management capacity for the Ministry of Finance and National Economy (MoFNE) and the Central Bank of Sudan (CBoS); (iii) the strengthening of CBoS monetary policy capabilities; (iv) the development of a robust system for monitoring and reporting public revenue streams and related expenditures; and (v) the development of robust national and integrated payment and settlement systems.
The direct beneficiaries of the project will be the Ministry of Finance and National Economy (MoFNE) and other line ministries, the Central Bank of Sudan (CBoS), the Khartoum Stock Exchange (KSE), the Central Bureau of statistics and the Customs Department. The project will also benefit key federal government agencies, through their interface with the Integrated Financial Management System (SIGEFI). The private sector and the commercial banking network are also expected to benefit indirectly from the introduction and modernization of KSE's payment system technology platform and electronic trading platform. In addition to the benefits outlined above, women in targeted beneficiary organizations will receive priority in training programs.
Fragile States Facility
Ministère des Finances et de l’Économie nationale (MoFNE)
|Last Update||27 Sep 2020|