HACT Focal Point for Non-shared Partners. Section 7.15 4.2 Micro Assessments Coordination for Figure 3 to 7.37 shared Partners by HACT Inter-Agency focal point Cash transfers, disbursements and HACT Focal 4.3 Section 8 reporting Point/Office staff Assurance planning and implementation, spot checks, Figures 4, 5, 6, 7 4.4 HACT Focal Point Section 9 programmatic output verification, & 8 scheduled audits and special audits Macro Assessment: Purpose: The purpose of the macro assessment is to ensure adequate awareness of the public financial management (PFM) environment within which agencies provide cash transfers to Partners, a desk review of assessments of the PFM system is conducted. In the HACT framework PFM is broadly defined to include a range of considerations for operating in the country. It is not limited solely to the financial environment but also includes national procurement capacity, exchange rate volatility, presence of informal/black markets, etc. Process overview (Macro Assessment): The macro assessment process comprises procedures related to (1) solicit third party service provider (2) conduct of the desk review research (3) review of assessment results (4) determine impact and implications of assessment on programme design (5) document decisions and risks identified. See Figure 2 in Section 7 of the document which is reproduced below. The key procedural steps are as described in the responsibility matrix described: Key output: There are two primary outputs of the macro assessment process: An outline of risks related to the use of the PFM for cash transfers to government Partners (in general) within the country, as well as other country-specific knowledge for Partners, such as environmental conditions, exchange rate volatility,
4.2 Micro Assessments HACT Focal Point for Non-shared Partners. Coordination for shared Partners by HACT Inter-Agency focal point Section 7.15 to 7.37 Figure 3 4.3 Cash transfers, disbursements and reporting HACT Focal Point/Office staff Section 8 4.4 Assurance planning and implementation, spot checks, programmatic output verification, scheduled audits and special audits HACT Focal Point Section 9 Figures 4, 5, 6, 7 & 8 Macro Assessment: Purpose: The purpose of the macro assessment is to ensure adequate awareness of the public financial management (PFM) environment within which agencies provide cash transfers to Partners, a desk review of assessments of the PFM system is conducted. In the HACT framework PFM is broadly defined to include a range of considerations for operating in the country. It is not limited solely to the financial environment but also includes national procurement capacity, exchange rate volatility, presence of informal/black markets, etc. Process overview (Macro Assessment): The macro assessment process comprises procedures related to (1) solicit third party service provider (2) conduct of the desk review research (3) review of assessment results (4) determine impact and implications of assessment on programme design (5) document decisions and risks identified. See Figure 2 in Section 7 of the document which is reproduced below. The key procedural steps are as described in the responsibility matrix described: Key output: There are two primary outputs of the macro assessment process: An outline of risks related to the use of the PFM for cash transfers to government Partners (in general) within the country, as well as other country-specific knowledge for Partners, such as environmental conditions, exchange rate volatility,
FRM_Financial%20Management%20and%20Implementation%20Modalities%20_Harmonized%20Approach%20to%20Cash%20Transfers%20(HACT).docx