IDG builds capacity for Public Financial Management (PFM) in partner countries so that countries are able: to raise sufficient revenues to pay for public expenditures while not placing too onerous a burden on the private sector; to spend public money effectively and efficiently on highest-priority programs; and to manage fiscal burdens to ensure a sound macro environment.
We work with countries at the national and subnational levels. At the subnational level, institutional capacity tends to be weaker, and there are more limitations on raising revenues. Our assistance at the subnational level helps to raise taxes, fees and licenses, and to establish sound revenue sharing approaches between national and subnational levels.
IDG develops PFM tools and best practices for the Asia Bureau. The websites and e-tools we are creating ensures PFM, DRM, and trade/regulatory practitioners can utilize these tools to improve PFM practices. We also develop gender responsive budgets, macroeconomic policy, and trade activities that strategically incorporate gender issues into PFM.
The Kyrgyz Republic Strengthening Public Debt Management Activity is supporting the Ministry of Finance and its Public Debt Management Department (PDMD) to enhance their debt management capacities by providing targeted technical assistance, training, and on-the-job advice and capacity building. The team is helping Kyrgyz counterparts to identify impediments to the development of the government bond market and recommending measures to strengthen debt-related areas, such as budgeting and expenditure management, to better manage public debt.
IDG proposed technical assistance to the IG in agreed-upon areas related to public financial management and setting up the institutions needed to run the Government, first in exile, and then in-country. Discussions on the PFM technical assistance are ongoing during this period, pending clarification of IG needs and of assistance to be provided in this area from other agencies. IDG has led discussions on the PFM technical assistance with the IG and USAID to ensure a clear understanding of strategic needs. IDG is implementing technical advisory services and advancing core requirements of a strong public financial management institution, to establish a PFM system with processes, procedures, and systems that can receive funds on behalf of the Government of Venezuela, manage them, spend them, and account for expenditures. The key focus areas include:
Additional PFM support has been provided to support the creation of a Comptroller’s office, designed to provide financial oversight for the IG budget. This new office, in Miami, FL, is a distinct priority of the IG and IDG has focused efforts to facilitate its implementation through salary support, procurements, and rent support.
IDG conducts a cost-benefit analysis of MCC’s investment in the RMA Activity allowing MCC to compare the return on road investments consistently across countries and over time within them. The evaluation is designed to better inform future road investment decisions for MCC.
IDG conducts a cost-benefit analysis of MCC’s investment in the SNRDP allowing MCC to compare the return on road investments consistently across countries and over time within them. The evaluation is designed to better inform future road investment decisions for MCC.
IDG conducts a cost-benefit analysis of MCC’s investments in the Namialo-Rio Lurio and Nampula-Rio Ligonha roads, to ascertain the return on road investments funded by MCC in a number of countries with the aim of guiding MCC in designing road investment projects in the future.
IDG conducted a cost-benefit analysis of MCC’s investment in the N-S Road Project allowing MCC to compare the return on road investments consistently across countries and over time within. The evaluation is designed to better inform future road investment decisions for MCC.
IDG is conducting a cost-benefit analysis of MCC’s investment in the M2/M7 Roads from Sarateni to Soroca allowing MCC to compare the return on road investments consistently across countries over time and to help MCC in designing road investment projects in the future.
IDG worked directly with the Ministry of Finance and Parliament to develop and adopt International Accounting Standards as well as International Standards for Auditing as a major component of market and economic reform.
IDG assisted USAID in providing the Kenyan government and its people to develop financial tools to support the development of basic service infrastructure by identifying opportunities to leverage sovereign debt and create investments for private investors. They did this through advising on the structure, design, and implementation of county investment planning, including quick wins and viable long-term options for county governments to leverage financing and supporting Nairobi County in configuring a debt management strategy to include county bond issues.
A significant hurdle the business community faces is the excruciatingly long time it takes for commercial courts to hear and adjudicate commercial disputes. IDG conducted an analysis of the commercial dispute processes in commercial courts to identify the most significant factors in this problem and is working with an inter-agency working committee to agree and then implement an action plan of procedural changes to address the problems. The inter-agency committee includes the Ministry of Justice (MOJ), MODSIT, the Judicial Service Commission, and private practitioners among others. SAIL recognizes that advocacy for this reform needs to come from associations of private businesses who have an interest in seeing a more effective, streamlined dispute resolution process, in order to overcome the inertia of the courts and the lack of enthusiasm for reforms that comes from commercial lawyers who benefit financially from the current lengthy processes.
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