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Financial Administration: DRC still in the red zone, according to World Bank

Discussion in 'International Forum' started by Invisible, Mar 30, 2012.

  1. Invisible

    Invisible Admin Staff Member

    Mar 30, 2012
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    The DRC is always found in the red zone in the management of public finances . This was said Sissoko Fili, a specialist at the World Bank financial management, at a workshop held in Kinshasa Thursday, March 29th by the steering committee of finance reform (COREF).

    The workshop organized in collaboration with the World Bank and the UK Department for development focused on the presentation of fiscal Pefa [performance measurement framework in public financial management].

    According Sissoko Fili, DRC affects fewer resources to priority sectors such as health and education. The country is also characterized by poor governance. "This explains a serious budget overruns."

    Efforts in reforming these sectors have not yet produced significant progress, says Sissoko Fili.

    The Pefa has been established since 2001 by the international community and experienced in 200 countries worldwide.

    It takes into account 31 performance criteria including the credibility of the budget since its development in its execution, controls and internal and external audits.

    The first evaluation of Pefa DRC took place in 2008. Here, only 8 indicators were rated C [good enough]. All other indicators were rated D [the lowest rating].

    The second evaluation is scheduled for April and May, but should not make significant changes, in the opinion of Sissoko Fili.

    Several countries are in the red zone with the DRC including the Congo, Central African Republic, Sudan, Chad and Somalia.

    Source: Radio Okapi | March 30, 2012