Tunisia: Public Financial Management & Financial Sector Strengthening
This program, which is executed by the World Bank, aims at supporting the Tunisian authorities in their efforts to improve public financial management (PFM) and to strengthen the financial sector. It is a flexible instrument that allows to respond to the authorities' most pressing needs and to pave the way for substantial programs in the future.
Economic and financial policy
- World Bank - International Bank for Reconstruction and Development
|Background||The idea is to engage with the government at this crucial moment of Tunisia's development in order to make use of the political window of opportunity which presents itself with the promulgation of a new constitution and the appointment of an independent, technocratic government that enjoys broad support among political and civil society stakeholders. The program is set up as a facility from which SECO expects to fund 7 to 10 specific projects each of which will have to be approved by a steering committee.|
|Objectives||The program aims at providing technical assistance and capacity building to the Tunisian government to contribute to an efficient public financial management and a stable financial sector.|
|Medium-term outcomes||Budget Formulation includes a solid multi-year perspective. Public Sector Accounting is strengthened.Controls, audits and oversight of public finance are rationalized. Capacities with regard to financial management aspects of the decentralization process are strengthened.The implementation of a financial sector strategy has contributed to a more consistent regulatory framework. The capacity of supervisors is strengthened.Restructuring has made banks more resilient.|
Expected results: Technical assistance is delivered to improve procedures and roles for macro-economic and macro-fiscal forecast input to budget formulation.The implementation of the National Strategy for Government Accounting is supported. The Contrôle Général des Finances (internal auditor of the Ministry of Economy and Finance) is provided with technical assistance to develop its institutional strategy.The capacity of the Ministry of Economics anf Finances to design, monitor and evaluate financial management aspects of the decentralization process is strengthened. An input to the drafting of a financial sector development strategy is provided.The establishment of a financial stability committee is supported.Intensive training and coaching for on and off-site supervisors is provided.The MEF receives support to draft restructuring plans for state-owned banks.
|Directorate/federal office responsible||
|Budget||Current phase Swiss budget CHF 3'000'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 3'000'000|
Phase 1 01.03.2014 - 31.12.2016 (Completed)