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Financial and fiduciary dimensions of the Enhanced Integrated Framework Asia Regional Workshop, Kathmandu, Nepal, June 2010.

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Presentation on theme: "Financial and fiduciary dimensions of the Enhanced Integrated Framework Asia Regional Workshop, Kathmandu, Nepal, June 2010."— Presentation transcript:

1 Financial and fiduciary dimensions of the Enhanced Integrated Framework Asia Regional Workshop, Kathmandu, Nepal, June 2010

2 Table of Contents I.EIF NORMATIVE AND STRATEGIC FRAMEWORK 1. Objectives 2. Strategies 3. Principles 4. Target countries II. TFM WITHIN THE EIF PROCESS 1. Mandate and Functions 2. Operational Principles 3. Functional Structure 4. Regional Settings III. TFM OPERATIONAL PROCESSES AND TOOLS 1. Overview of Tier 1 and Tier 2 Projects 2. Project Appraisal and Capacity Assessment Exercises 3. Project process IV. TFM MAIN RESULTS 1. Legal arrangements 2. Financial outlook 3. Donor Contributions 4. Status of Tier 1 projects 5. Pipeline

3 I EIF NORMATIVE AND STRATEGIC FRAMEWORK

4 Strategic Objectives To mainstream trade into LDC’s National Development Plans such as Poverty Reduction Strategy Papers (PRSP) To assist in the coordinated delivery of Trade-Related Technical Assistance (TRTA) in response to the needs identified by the LDCs To develop the capacities of the LDCs to trade, including capacity building and addressing supply constraints Strategic Principles Country ownership of the process Tripartite partnership: LDCs, donors and EIF Agencies Demand driven and tailor-made approach Participatory approach, specially by Involving the private sector at all stages

5 Trade development strategy (Facts and Assumptions) There is strong relationship between trade and economic growth There is not automatic link between trade, economic growth and poverty reduction The combination of trade reforms and poverty reduction strategies tends to increase poor countries welfare Sound institutional and policy mechanisms both at international and national levels can make possible that poor countries expand their share of income generated by trade Trade development program (operational strategies) Mainstreaming trade into national policies and poverty reduction strategies Fostering national ownership of trade policy reforms Strengthening national capacities for trade policy formulation and implementation

6 The Least Developed Countries (LDCs) are the focus of the EIF. LDCs are countries, which exhibit the lowest indicators of socio-economic development. A country is classified as LDC if it meets three criteria and does not have a population larger than 75 million: A low income criterion based on GNI per capita A human assets criterion based on the HDI An economic vulnerability criterion involving a composite index based on indicators of natural shocks, trade shocks, expose to shocks, economic smallness and economic remoteness

7 II TFM WITHIN THE EIF PROCESS

8 Mandate The TFM was given a broad mandate comprising full Fiduciary Responsibility. The TFM exercises its full fiduciary responsibility on behalf the donors and the EIF Board as required by the Accountability Framework. The TFM will follow UNOPS financial policies, rules and procedures in compliance with the objectives and modalities of the EIF. Functions Trustee functions Preparation of budgets and forecasting Program financial management Fiduciary appraisal of project proposals and assessment of the grant recipient’s capacities Recommendations on capacity building and training Monitoring and Supervision (addressing program financial management and fiduciary matters) Reporting

9 Effectiveness TFM alignment with the EIF overarching goal, objectives, strategies and principles Accountability TFM obligation to demonstrate that work has been conducted in accordance with agreed rules and standards and to report fairly and accurately on performance results vis– a –vis mandated roles/or plans Sustainability TFM ability to assist in making NIU accountable and sustainable in the long term Efficiency TFM efficient management and performance as a result of obtaining maximal outputs with minimal inputs Transparency TFM operations and reports are clear honest and open to the concerned stakeholders

10 EIF Board Executive Secretariat Executive Director GVA UNOPS SWOC Director GVA Executive Office Executive Officer Portfolio Assistant Fi nance Officer Geneva Implementation Advisor Geneva Legal Advisor Geneva Portfolio Manager Admi. Assistant NAIROBI Portfolio Manager Admi. Assistant DAKAR Portfolio Manager Admi. Assistant BANGKOK Portfolio Manager Admi. Assistant JOHANNESBURG Office still to be opened

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12 III TFM OPERATIONAL PROCESSES AND TOOLS

13 TIER 1 PROJECTS Types of Projects Building the human resource capacity of EIF NIAs Providing operational support to NIAs Preparing and/or update of the DTIS Facilitating and supporting trade mainstreaming actions Budget and Timing An estimated amount of US$77 million is available for Tier 1 from the EIF-TFM. The funding ceiling per country is set at US$2,000,000. Such a budget can be used for a period of five years for the following actions: Pre-DTIS support up to US$50,000 DTIS up to US$400,000 DTIS update up to US$200,000 Support to NIAs up to US$1,500,000 LDC’s Eligibility All LDCs participating in the EIF initiative are eligible Approval Process Formulation of project proposals Appraisal and approval of proposals Awarding Execution Modalities Option 1: LDC Government execution (strongly encouraged) Option 2: Execution by one of the six EIF agencies or another entity Monitoring & Evaluation The day-to-day monitoring of activities will be ensure by The NIU/FP Review and Evaluation The EIF Board and the EIF Steering Committee may request that a Mid-Term review or an evaluation of specific Tier 1 projects be undertaken TIER 2 PROJECTS Type of Projects Assistance to implement WTO or trade policy commitments Project preparatory activities Trade mainstream activities to integrate DTS into PRSPs Capacity building activities Formulation and implementation of sectoral and national export development strategies Small projects to enhance the supply-side response of the country Specific actions to enhancing SMMEs competitiveness Assistance for WTO accession Strengthening of trade support services Preparation of sector-wide approaches (SWAP) for priority sectors Budget and Timing An estimated amount of US£320 million is available for Tier 2. Out of this, approximately half, i.e. US$160 million, will be borne by the EIF-TFM. LDC’s Eligibility All LDCs participating in the EIF initiative and having validated the DTIS are eligible Approval Process Formulation of project proposals Appraisal and approval of proposals Awarding Execution Modalities Option 1: LDC Government execution Option 2: Non-LDC Government execution. Three main possibilities can be considered: (i) UN Agency; (ii) Other development agency; (iii) NGO, private sector, consulting firm, a research or academic institution Monitoring & Evaluation The day-to-day monitoring of activities will be ensured by the NIU/FP in coordination with the Executing Entity Review and Evaluation: Review and evaluation modalities will vary depending on the LDC and the specific project’s content

14 Fiduciary Assessment by TFM Project fiduciary appraisal (Desk Review) Strategy Approach National fiduciary responsibility framework Administrative fiduciary process Workplan Logical Framework Budgeting Monitoring & Evaluation Reporting Capacity assessment of principal grant recipient Implementation Capacity Financial Assessment Capacity and IT Procurement M & Supervision Other capacities (legal capacities, anti- corruption policies, social and environmental policies) Trade Capacity Assessment by ES (Appraisal Criteria) EIF Context Project characteristics Implementation arrangements Economic Analysis Technical assessment Trade capacity assessment NSC & NIU (Focal Point) Formulation of Project Proposal and identification of Implementing Entity ( Selection of a government entity as the preferred option) Recommendations Memorandum (Incorporating both ES trade assessment and TFM fiduciary assessment) TIER 1 Project Appraisal and Assessment Exercises

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16 IV TFM MAIN RESULTS

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19 DONORS RECEIVED SIGNED COMMITMENTS Total Balance IF 2008 2009 2010 2011 2012 2013 Bal UNDP IF 23.5 - - - - - - - Belgium - 0.6 0.7 - - - 2.7 Canada - - 3.7 - 3.6 18.1 Denmark - 6.0 - - 5.4 1.8 16.9 European Union - 4.1 - - 1.1 - - - 5.2 Estonia - 0.0 - - - - - 0.1 Finland - 2.9 - - - - - - France - - 2.9 - 1.3 - - 5.6 Germany - 1.9 2.3 - 1.7 - - - 5.9 Hungary - 0.4 - - - - - - Iceland - - 0.1 - - - - 0.2 Ireland - 3.2 - - - - - - Japan - 0.2 0.5 - - - - - 0.6 Luxenbourg - 2.1 - 2.8 - - - - 4.9 Netherlands - - - - - - - - - Norway - 4.1 5.5 - - - - - 9.5 Rep of Korea - 1.0 - - - - - - Saudi Arabia - - - 0.8 - 3.0 Spain - - 4.2 - - - - - Sweden - - 6.9 - 3.5 - - 13.8 Switzerland - - 0.2 - - - - - Turkey - - - - 1.0 - - - United States - - - - 0.2 - - - United Kingd. - 12.3 - - 20.1 8.6 58.1 Interest Income - 0.5 0.6 - - - - - 1.1 GRAND TOTAL 94.0 88.5 182.5

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22 THANK YOU!


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