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Direct Budgetary Support through National Entities: In line with the New Deal TRUST principles, development assistance channeled directly to government entities uses all country systems, and is thus ‘on plan, on budget, on treasury and on report’. Mitigation of fiduciary risk will be provided through the establishment of a Cash Management Committee (CMC) with the support of the World Bank and African Development Bank. The CMC intends to provide all stakeholders with the needed reasonable assurance for the uses of funds, including ensuring traceability through the establishment of key controls within the revenue and expenditure cycles. If for any reason the CMC is not established, a financial management unit will need to be established to provide capacity support and fiduciary oversight.  The Ministry of Economy, Plan and International Cooperation of Economy, Plan and International Cooperation, as the Government Coordinating Entity, concludes a Memorandum of Agreement (MOA) with the Administrative Agent of the Fund. The Ministry of Economy, Plan and International Cooperation of Finance assumes full financial accountability for the funds transferred to National Implementing Entities, which will be managed in accordance with the national budgetary framework. Activities must be included in the approved national budget and in line with national laws and regulations.

An assessment of government and the banking sector’s capacity and the formulation of a capacity development strategy, with jointly determined capacity milestones, will guide implementing by national entities.  The UN system has developed a number of assessment tools to facilitate preparing a capacity development plan, including United Nations Development Group’s guidance and a harmonized approach for cash transfers (HACT) to government and non-government implementing partners.[1]  The Fund could also share assessments conducted by other development partners, including the World Bank and African Development Bank. Such a process will increase the broader use of full national systems over time.

 


[1] The harmonized approach for cash transfers has been adopted by the United Nations Development Group Executive Committee agencies (United Nations Development Programme, United Nations Children’s Fund, United Nations Population Fund and World Food Programme), pursuant to the UN General Assembly resolution 56/201 on the triennial policy review of operational activities for development of the UN system. For more information see:

http://www.undg.org/content/programming_reference_guide_%28undaf%29/common_country_programming_processes_-_undaf/harmonised_approach_to_cash_transfers

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Key Figures
Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year; Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Total as of
Values in US$
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Funds with Administrative Agent
Contributions from Donors 0  
Contributions from MDTFs 4,500,000  
      - Sub-total Contributions 4,500,000  
Interest and Investment Income (from Fund) 109  
Total source of funds   4,500,109
Transferred to Participating Organizations 4,500,000  
Refunds from Participating Organizations 0  
Administrative Agent Fee 0  
Direct Cost 0  
Bank Charges 90  
Total use of funds   4,500,090
Balance with Administrative Agent   19
As a percentage of deposits   0.0%
Funds with National Organizations
Transferred to National Organizations 4,500,000
Total resources     4,500,000
National Organizations' Expenditure 4,500,000
Refunds from National Organizations 0
Total expenses     4,500,000
Balance with National Organizations 0
As a percentage of transfers 0%
Total Balance of Funds   19
As a percentage of deposits   0.0%
Delivery Analysis
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