Output indicator 4.3: Evidence that lessons learnt are being used to adapt programme implementation Performance against this indicator milestone will be reported in June 2015. 3. Status of fonerwa risks and mitigation actions The key risks here below captured are primarily focused on institutional structures and arrangements of FONERWA. There has been elaborate consultations carried out to adequately inform the next steps. On the basis of the outputs of the consultations, a cabinet paper will be drafted in the next quarter to trigger policy level guidance and generate a final position to be presented to Cabinet for adoption which is projected to happen in June 2015. The elaborate risk management matrix for FONERWA is attached in Annex 3. This table below (Table 5) highlights key changes to risk rating within the quarter and describes any additional mitigation measures proposed. 5: Key changes to the risk rating Risk # Risk Risk rating Rationale for Additional change change Mitigation measure/action 4 in adoption of low to Extended delays in Extra effort and EIA fees collection medium execution of activity commitment from procedures impacting impact rating different levels is the domestic needed capitalisation. 7 MINECOFIN Medium to It is the GoR this is GoR unwilling to Low mandate to ensure commitment, it contribute additional likelihood sustainability of the is anticipated domestic resources to Fund. The that future FONERWA instalment of match transfers will be funding was made as usual in disbursed and the the budget second disbursement cycles. of 500m is planned next quarter 10 The available private Classified as Consultations with Elaborate on private NEW sector financial medium the private sector and sector financing in instruments and importance/ related the resources resources may not be medium stakeholders mobilisation strategy sufficient and probability and engage DPs for attractive to the funds purposely for private sector. private sector
Output indicator 4.3: Evidence that lessons learnt are being used to adapt programme implementation Performance against this indicator milestone will be reported in June 2015. 3. Status of fonerwa risks and mitigation actions The key risks here below captured are primarily focused on institutional structures and arrangements of FONERWA. There has been elaborate consultations carried out to adequately inform the next steps. On the basis of the outputs of the consultations, a cabinet paper will be drafted in the next quarter to trigger policy level guidance and generate a final position to be presented to Cabinet for adoption which is projected to happen in June 2015. The elaborate risk management matrix for FONERWA is attached in Annex 3. This table below (Table 5) highlights key changes to risk rating within the quarter and describes any additional mitigation measures proposed. 5: Key changes to the risk rating Risk # Risk Risk rating change Rationale for change Additional Mitigation measure/action 4 in adoption of EIA fees collection procedures impacting the domestic capitalisation. low to medium impact rating Extended delays in execution of activity Extra effort and commitment from different levels is needed 7 MINECOFIN unwilling to contribute additional domestic resources to FONERWA Medium to Low likelihood It is the GoR mandate to ensure sustainability of the Fund. The instalment of match funding was disbursed and the second disbursement of 500m is planned next quarter this is GoR commitment, it is anticipated that future transfers will be made as usual in the budget cycles. 10 NEW The available private sector financial instruments and resources may not be sufficient and attractive to the private sector. Classified as medium importance/ medium probability Consultations with the private sector and related stakeholders Elaborate on private sector financing in the resources mobilisation strategy and engage DPs for funds purposely for private sector
Quarter-Narrative-Report_12-05-2015.docx