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Jul 22, 2024 · Whenever FMIS and other PFM information systems (for example, e-procurement, payroll, debt management) are linked with a central data warehouse (DW) to record and report all daily financial transactions, offering reliable consolidated platforms can be referred to as integrated FMIS (or IFMIS).
Feb 21, 2019 · WASHINGTON, February 21, 2019 – The World Bank Board of Executive Directors today approved financing for the following project: India: Chhattisgarh Public Financial Management and Accountability Program. IBRD Loan: US$25.20 million. Terms: Maturity = 10.5 years ; Grace period = 5 years. Project ID: P166578. Project Description: The ...
May 12, 2014 · WASHINGTON, May 12, 2014 – The World Bank’s Board of Executive Directors has approved a grant totaling US$10.2 million to continue helping the Republic of Chad strengthen its public financial management (PFM) capacity. The grant provides additional financing to scale up project activities in a previous project aimed at building up the core ...
Jun 13, 2024 · The World Bank approved today financing for the Governance Reform and Accountability Transformation (GREAT) Project. This flagship project, funded by an International Development Association (IDA) credit of US$30 million, will enhance access to selected digitally provided public services, raise tax revenues, and improve the openness and accountability of institutions. It will also strengthen the use of country systems and sustainably build the capacity of civil servants to implement reform ...
Feb 4, 2016 · PEFA provides a framework for assessment of transparency and accountability in terms of access to information, reporting and audit, and dialogue on PFM policies and actions. PEFA considers the institutions, laws, regulations, and standards used by governments in the PFM process. It also examines the results arising from the operation of PFM in ...
Jan 27, 2021 · Finding Fraud Event Replay. According to the United Nations every year an estimated US$1 trillion is paid in bribes and US$2.6 trillion stolen through corruption. Together, this sum represents five (5) percent of annual global GDP. Further, in developing countries, funds lost to corruption are estimated to be 10 times the amount of overall ...
Mar 14, 2023 · SPEAKERS. On May 3-4, 2023, the World Bank's Governance Global Practice hosted the inaugural GovTech Global Forum focused on "Governance in the Digital Era." This Forum convened the world's top thinkers, innovators, and practitioners on GovTech to exchange ideas and shape public sector digital transformation for a sustainable, equitable future.
Jan 14, 2021 · Specifically, the project has contributed to the ongoing stabilization of Somalia as a state in four ways. The first phase of the project, approved in August 2014, built public financial management capacities and provided $11 million to test and utilize payroll systems for civil servants at federal ministries, which deemed core to facilitating ...
Dec 24, 2015 · The project builds on earlier work supported by the WBG that helped to resuscitate Zimbabwe’s financial management information system (IFMIS) and accounting functions. Under that program, training and other support was provided to the supreme audit institution and the Parliament to help clear a long backlog of audit report reviews.
Mar 4, 2022 · The World Bank approved $34 million in International Development Association (IDA)* grant financing to support a new five-year Public Financial Management (PFM) and Institutional Strengthening Project (PFMISP) in South Sudan. The project aims to advance public financial management reforms, strengthen key oversight institutions, and improve budget transparency and PFM outcomes in the country.
