📋 Tender Overview
IATI identifier 46002-P-Z1-KF0-085
Country Multinational
Sector Multi-Sector
High 5 Improve Life of People in Africa
Sovereign / Non-Sovereign Sovereign
Commitment (UA) 4,000,000
Project General Description
The proposed operation is an institutional support project to be financed from Transition Support Facility (TSF) Pillar III for an amount of UA4.00million (about USD5.2million). The project responds to a request from PAFA in July 2024 for Bank support to address weaknesses in PFM capacities within the accountancy and auditing professions, which have been identified as key drivers of fragility. Inadequate numbers of public sector professional accountants and the associated general weak institutional capacity of professional accountancy organisations are a widely occurring phenomenon on the continent. This will be addressed by providing contextualised learning and support tools that are relevant to the specific countries supported under this project informed by baseline studies to determine legal requirements, capacity needs and institutional framework to support the professionalisation effort in African countries. The project will have an important effect on the quality of state accounting and treasury management systems in countries facing fragility by implementing technical assistance of subcomponent. It is designed along three mutually reinforcing components, namely: (a) Professional Capacity Development in Public Financial Management (b) Strengthening Institutional Capacity of Professional Accounting Organizations (PAOs) and (c) Project coordination monitoring, and reporting. Increased skills in public accounting auditing will help to build a pool of human capacity to address governance issues and build robust PFM systems.
Project Objectives
The project development objective is to strengthen professional capacity in public financial management and harmonize professional accounting standards, tools, practices, in Africa. The specific objective is to : (i) strengthen institutional, professional and human capacities of PAOs for improved quality of financial reports in transition states, and (ii) professionalize accountants and auditors in the public sector.
Beneficiaries
PAFA and ADF/TSF Pillar III eligible countries will directly benefit from the project. Indirect beneficiaries will be governments, legislature, citizens, civil societies, accountant generals, local professional auditing and accounting bodies of member countries and partners such as INTOSAI, AFROSAI, IDI, API, CREFIAF and AAAG. Project mapping of direct beneficiaries has been done to demonstrate which eligible countries will benefit directly, and from which activities. The students will be competitively selected based on an agreed criteria determined by PAFA, country PAO and National Public service commission or equivalent taking into consideration the student’s minimum applicable academic qualification e.g. school leaving certificate and duration of working in p
