Presentation on theme: "Global Cooperation to Strengthen Supreme Audit Institutions INTOSAI-Donor MOU Global Partnerships Aid Effectiveness OPCS Financial Management."— Presentation transcript:
Global Cooperation to Strengthen Supreme Audit Institutions INTOSAI-Donor MOU Global Partnerships Aid Effectiveness OPCS Financial Management
Why Supreme Audit Institutions are important for Aid Effectiveness? Independent oversight is a critical element of transparency and accountability for results and efficiency in the use of public funds. Supreme Audit Institutions (SAIs) perform a vital role in the functioning of government as they inform parliament and other users through their financial, compliance and performance audits. The work of SAIs in reducing waste and abuse of public resources can make more money available for programs to fight poverty. They bear a special position among government institutions, as their independence is paramount to discharging their responsibilities. Transparency & Accountability Transparency & Accountability Results & Efficiency in the use of public funds
Bank’s support to SAIs - Projects Commitments over US$90m are allocated directly to SAIs in the active portfolio: Global and regional operations: Global DGF Grant funding: To support development and implementation of International Standards of Supreme Audit Institutions (ISSAIs) Anglophone Africa: AFROSAI-E Institutional Strengthening of SAIs Pacific: PASAI Pacific Regional Audit Initiative Caribbean: CAROSAI Strengthening Fiduciary Oversight Andean Countries (OLACEFS) Institutional Strengthening of SAIs Central American Countries (OLACEFS) Strengthening of SAIs and Accountability Mechanisms
New Global Partnerships- Historic INTOSAI-Donor MOU signed in 2009 The Bank has played a leading role in the development of a historic MOU between the International Organization of Supreme Audit Institutions (INTOSAI) and 16 bilateral and multilateral development partners, launched in 2009. The MOU: Brings together the development partner and SAI communities with the overarching goal of accelerating the strengthening of audit capacity in partner countries and improving domestic accountability. Provides an innovative framework for global coordination and collaboration among development partners in support of SAI capacity building programs.
Signatories of MOU The signatories to the INTOSAI-Donor MoU : INTOSAI, the African Development Bank, Austria, Belgium, Canada, the European Commission, the Inter American Development Bank, the International Monetary Fund, Ireland, the Islamic Development Bank, Netherlands, Norway, Sweden, Switzerland, the United Kingdom, the United States of America, and the World Bank. E Established in 1953, INTOSAI is an autonomous nongovernmental organization of 189 member SAIs
Voice of SAIs The 2010 Johannesburg Accords summarize key emerging themes of INTOSAI focus: The Value and Benefits of SAIs, Environmental Auditing and Sustainable Development, and The International Standards of Supreme Audit Institutions (ISSAIs). ‘The Johannesburg Accords affirm that independence of a SAI is critical to its audit mandate of ensuring accountability, transparency, good governance, the sound spending of public funds and an efficient effort against corruption' Terence Nombembe Auditor General of South Africa
Islamic Development Bank joined INTOSAI-Donor MOU September 2011 “Many developing countries presently lack capacity in financial management of public funds, primarily due to weak oversight and weak national auditing and accountability systems. It is to assist member countries address this issue that the IDB Group decided to become a signatory of the MoU between INTOSAI and the Donor Community” Dr. Ali, President Islamic Development Bank
Moving forward….. Under the auspices of the INTOSAI-Donor Steering Committee, various actions have been completed or are underway: 1.The first global stocktaking of the SAI community, completed in 2010, gave unprecedented insight into the capacity development needs of SAIs around the world. 2.A global databank on SAI capacity development support is being developed. 3.A global call for proposals for projects in need of additional financial, in- kind or other type of support was recently issued. 4.Planning for a multi-donor fund for SAI capacity building is underway. 5.Work on a SAI performance measurement framework has started.