Area of Within 3 months after Within 12 months after Action Within 18 months after Action Expected Results 3 years after intervention Action Plan validation Plan validation Plan validation Action Plan validation INSTITUTIONAL FRAMEWORK FOR FINANCIAL OVERSIGHT Institution Decree establishing a Strategic Plan of DGTF DGTF staffed as per Strategic DGTF operational and ensuring building of the DGTF for Oversight of approved and defining: (i) Plan recommendations. financial oversight of SOEs and financial SOEs and Public Agencies detailed mandate and functions; Public Agencies. Staff training program oversight body within the Ministry of (ii) detailed organogram and job initiated. Annual Reports on Finance. descriptions; (iii) staffing, implementation of National Website providing information equipment, and budget needs; (iv) Appointment of the Strategy for SOEs and Public on SOEs and Public Agencies at training needs; and (v) expected Head of the DGTF. Agencies. General Directorate of MEF. milestones and achievements for Appointment of a task A concept paper on revised the following 3 years. force complementing model of ownership policy DGTF manual of procedure current staff resources. developed. adopted. Public Finance reform National Strategy for SOEs Additional recruitment plan adjusted to include and Public Agencies developed initiated. current proposed options. and adopted. Preparation of a National Strategy for SOEs and Public Agencies initiated. FINANCIAL INFORMATION AND FISCAL RISK MONITORING Financial Notice Letter from Minister Comprehensive financial and On-going financial analysis of DGTF connected to financial Information of Finance to all SOEs and fiscal database prepared by the SOEs/Agencies financial management system of Public Public Agencies requiring DGTF for (i) each individual statements carried out by the Agencies. transmittal to the DGTF of SOE and Public Agency; and (ii) DGTF. all 2010 to 2012 audits and consolidated portfolio. Conducting a comprehensive financial statements within analysis of taxation of SOEs. a month.
Area of intervention Within 3 months after Action Plan validation Within 12 months after Action Plan validation Within 18 months after Action Plan validation Expected Results 3 years after Action Plan validation INSTITUTIONAL FRAMEWORK FOR FINANCIAL OVERSIGHT Institution building of the financial oversight body Decree establishing a DGTF for Oversight of SOEs and Public Agencies within the Ministry of Finance. Appointment of the Head of the DGTF. Appointment of a task force complementing current staff resources. Public Finance reform plan adjusted to include current proposed options. Strategic Plan of DGTF approved and defining: (i) detailed mandate and functions; (ii) detailed organogram and job descriptions; (iii) staffing, equipment, and budget needs; (iv) training needs; and (v) expected milestones and achievements for the following 3 years. DGTF manual of procedure adopted. Additional recruitment initiated. Preparation of a National Strategy for SOEs and Public Agencies initiated. DGTF staffed as per Strategic Plan recommendations. Staff training program initiated. Website providing information on SOEs and Public Agencies at General Directorate of MEF. A concept paper on revised model of ownership policy developed. National Strategy for SOEs and Public Agencies developed and adopted. DGTF operational and ensuring financial oversight of SOEs and Public Agencies. Annual Reports on implementation of National Strategy for SOEs and Public Agencies. FINANCIAL INFORMATION AND FISCAL RISK MONITORING Financial Information Notice Letter from Minister of Finance to all SOEs and Public Agencies requiring transmittal to the DGTF of all 2010 to 2012 audits and financial statements within a month. Comprehensive financial and fiscal database prepared by the DGTF for (i) each individual SOE and Public Agency; and (ii) consolidated portfolio. On-going financial analysis of SOEs/Agencies financial statements carried out by the DGTF. Conducting a comprehensive analysis of taxation of SOEs. DGTF connected to financial management system of Public Agencies.
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