Sudan - Public Financial and Macroeconomic Management Capacity Building Project


Project Summary

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
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 2,778,115.98
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
Fragile States Facility
Implementing
Ministère des Finances et de l’Économie nationale (MoFNE)

Information

IATI identifier 46002-P-SD-KA0-006
Last Update 27 Sep 2020

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Contact Details

Name KARAMAGA Camille
Email c.karamaga@afdb.org

Geographic Location

Country Sudan