4 Flexible funds are Activities funded by Moderate Likely High - Set of criteria to select partners, activities will be Moderate PCU, fragmented and less flexible funds do developed taking into account how funded Program strategic focused not fully contribute activities or partners will contribute to the program Director, to the program's overall outcomes DFAT's First expected outcomes - No objection from DFAT as donor will be needed Secretary before allocating flexible funds and SPM 5 Fraud, misuse of Poor program's Moderate Unlikely Low - Different funding agreement signed between Moderate PCU, funding, overlap of value for money DFAT and implementing partners will define Program funding and and corruption clearly funding contribution from different Director, resources between stakeholders to the program DFAT's First DFAT, counterpart - DFAT's Senior Program Manager, PCU's Secretary funding and other manager will have regular information exchange and SPM donors' funding with other donors to avoid overlap of funding but also to explore potential areas for joined funding - Audit reports for funding (both GOA and GoV contributions) will be disclosed to relevant stakeholders II Specific risks Component 1: Enhanced Business Competitiveness and Transparency 1 Party and GoV National Assembly Unlikely -Concrete policy recommendations on alleviating Moderate Program leaders don't act on does not approve constraints to private sector development will be Director, recommendations to revised Enterprise conveyed by PD to Party and GoV high-level DFAT First alleviate constraints and Investment leadership in all relevant forums. Secretary to private sector Legislations or the -Program communication strategy will be and SPM development, and revisions to the developed and implemented to convey the improving the legislation fails to program's policy recommendations in a timely enforcement of address the most manner. corporate important -The program is designed so that researchers will governance of State constraints to work with the private sector, mass media, Enterprises private sector development partners, SAG, think tanks and development researchers for harmonised and collective policy recommendations on private sector development
4 Flexible funds are fragmented and less strategic focused Activities funded by flexible funds do not fully contribute to the program's expected outcomes Moderate Likely High - Set of criteria to select partners, activities will be developed taking into account how funded activities or partners will contribute to the program overall outcomes - No objection from DFAT as donor will be needed before allocating flexible funds Moderate PCU, Program Director, DFAT's First Secretary and SPM 5 Fraud, misuse of funding, overlap of funding and resources between DFAT, counterpart funding and other donors' funding Poor program's value for money and corruption Moderate Unlikely Low - Different funding agreement signed between DFAT and implementing partners will define clearly funding contribution from different stakeholders to the program - DFAT's Senior Program Manager, PCU's manager will have regular information exchange with other donors to avoid overlap of funding but also to explore potential areas for joined funding - Audit reports for funding (both GOA and GoV contributions) will be disclosed to relevant stakeholders Moderate PCU, Program Director, DFAT's First Secretary and SPM II Specific risks Component 1: Enhanced Business Competitiveness and Transparency 1 Party and GoV leaders don't act on recommendations to alleviate constraints to private sector development, and improving the enforcement of corporate governance of State Enterprises National Assembly does not approve revised Enterprise and Investment Legislations or the revisions to the legislation fails to address the most important constraints to private sector development Unlikely -Concrete policy recommendations on alleviating constraints to private sector development will be conveyed by PD to Party and GoV high-level leadership in all relevant forums. -Program communication strategy will be developed and implemented to convey the program's policy recommendations in a timely manner. -The program is designed so that researchers will work with the private sector, mass media, development partners, SAG, think tanks and researchers for harmonised and collective policy recommendations on private sector development Moderate Program Director, DFAT First Secretary and SPM