Experience of the Malawi MAP

Slides:



Advertisements
Similar presentations
4 TH IHP+ COUNTRY TEAMS MEETING: Sustaining and Accelerating Change, Getting Results December 2012 Nairobi, Kenya.
Advertisements

Guidance Note on Joint Programming
Harmonized Approach to Cash Transfers to National Implementing Partners.
FACE. What were the challenges of the FACE ? 1. UN system has run out of three letter acronyms – 17,576 combinations 2. We needed a name which reflected.
Funding Authorization and Certificate of Expenditures
Karnataka Watershed Development Project Financial Management Arrangements.
Reversion of All Dormant Accounts, Unnecessary Special and Trust Funds to the General Fund (E.O. No. 431 May 30, 2005) DBM, October 24-27, 2012.
INDIVIDUAL SERVICE FUNDS (“ISF”). ISF – a form of Self Directed Support Potential Benefits to the Customer Flexibility – not just regulated (CQC) activity.
Ministry of Finance of the Republic of Kazakhstan Treasury Committee Topic: «Integration of External Financing in the Process of Budget, Accounting and.
 Gift Tax.  Why are gifts taxed? o Gifts were made to avoid estate taxes o Gifts were made to avoid income taxes o Taxes in general are for social welfare.
Budget Office June Participants Understanding Of:  Endowment Definition  Types of Endowment Funds  Terms and Definitions  Income Cost Center.
EuropeAid 1 Revision of Financial Regulation: Trust Funds Brussels, 16 November 2010.
Project Financial Statements & Quarterly Reports Feb
Roll and Function of Various Stake Holders towards External Assistance And Fund Flow Mechanism.
1 Collective Efficiencies Development Finance Architecture Workshop Prerna Banati - July
Financial Management of Trust Funds Currency and Commitment Risks CFP Financial Management (CFPFM)
Lessons from the Front Lines: Streamlining Grants Management Pew Fund Capacity Building Workshop Presented by: Helen Fox, Manager Your Part time Controller.
Performance Monitoring and Financial Reports Performance Monitoring and Financial Reports UNAIDS and Unified Budget and Workplan (UBW)
1 Government-Donor Relationship Presentation to Prpmoting Mutual Accountability in Aid Relationship, Dar-es-Salaam November 2005 República de Moçambique.
June 27, Preparation of Project Account & Trimester IPR.
Financial management Management and control systems Training for Programme Operators March 2012.
Copyright 2010, The World Bank Group. All Rights Reserved. Budgeting Statistical Projects Section A 1.
Rotary International District 9780 District Rotary Foundation Club Qualifying Seminar Club Qualification Memorandum of Understanding.
Session -2 Role of Treasury in Budgetary Control of the State Regional Training Institute, Ranchi Structured Training Courseware on Treasury Inspection.
SECTOR POLICY SUPPORT PROGRAMMES A new methodology for delivery of EC development assistance. 1.
Finance & Accounts. Functions of the Department Providing right time at an optimal cost. Providing timely qualitative data and reports. Payments.
MINISTRY OF FINANCE STATE TREASURY. 2 Management, accounting and reporting of externally financed projects.
Finance and reporting. The Budget The total budget is – Grant Nordforsk – Other – 15 wp búa til mynd.
Treasury Management at the Global Fund: perspectives.
PACIFIC AID EFFECTIVENESS PRINCIPLES. Purpose of Presentation Provide an overview of Pacific Principles on Aid Effectiveness Provide an overview of Pacific.
Improving Aid Coordination in Tajikistan Aid Coordination in Tajikistan Improving and Challenges Aid Coordination in Tajikistan Improving and Challenges.
Financial reporting Linda Wormö, MA Per Dahlström, MA 1st October,2015 Kuopio, Finland.
1 EURO REPORTING – Doing Business With The EC –. 2 Index  Relationship Overview  The FAFA Principles  Gain/Loss Scenarios  Financial Risk  Possible.
Role of the Secretariat The Secretariat will be responsible for the co-ordination and enhancement of research and networking activities within MariFish.
FINANCIAL MANAGEMENT SYSTEMS REGION 3 FISCAL FORUM ATLANTA, GEORGIA APRIL 26-29, 2005.
© 2003 SOUTH-WESTERN PUBLISHINGCHAPTER 23Slide 1 CHAPTER 23 BANKING AND CREDIT 23.1Financial Institutions 23.2Checking Accounts 23.3Credit and Its Use.
PRTR Project reporting Steering Committee Meeitng and Inception Workshop PRTR Project November 2015 UNITAR/GEF/PRTR2/SCM1 Pre 10.
JSDF : TSUNAMI RELIEF PROGRAM Financial Management.
1 Use of National Systems in Mexico Mrs. Gloria Coronel Fiduciary Forum April 29 – May 3, New York Avenue, Washington, DC Phone (202)
Welcome. Contents: 1.Organization’s Policies & Procedure 2.Internal Controls 3.Manager’s Financial Role 4.Procurement Process 5.Monthly Financial Report.
Effective Board Governance & role of the Audit Committee Presentation by Cluster Audit Committee – July / August 2012.
PROBLEMS OF CASH BUDGETING AND MOVING TOWARDS TRANSPARENT CASH ALLOCATION.
Implementing TAACCCT Round 2 Consortium Grants Management September 27, 2013.
MOH 2 February Identify needs Prioritize needs Finalize list of endorsed needs Submit needs to MOPAD Consult with donor Negotiation (intra- and.
Cash Mgmt update Best Practice Financial Processes: Cash Management.
Table of Content I- What is Financial Management?
PFM Advisor East AFRITAC
Topic: E40 International assistance and funding mechanisms
Implementation of the IPS MDTF
National Budget Unit Ministry of Finance and Economic Planning Rwanda
Public Expenditure Management Peer Assisted Learning
MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA
PROCUREMENT FIDUCIARY ARRANGEMENTS IN SECTOR-WIDE APPROACHES (SWAps)
REVIEW AND IMPROVEMENT OF PED REPORTING SYSTEMS
Options for Sector Wide Approaches (SWAps)
An Operational Framework for
Kentucky County Treasurer’s Jail Commissary Fund Instructions
Financial Reporting for SCCF
SWAPs: Based on Lessons Mainly from Morocco and Zambia
The State Treasury Agency of the Republic of Azerbaijan
Unit 4: Financial Applications MAP 4C
Kentucky County Treasurer’s Fundamentals Course
Managing Liquidity in the Treasury Single Account
FBO Workshop - May 13-15, 2003, Addis Ababa
Lessons from the Front Lines: Streamlining Grants Management
Relations between the Central Bank and the Ministry of Finance
Tia Citizens’ review panel November 5, 2018
Africa Centers of Excellence Project Financial Management
Africa Centers of Excellence (ACE II) Project Financial & Disbursement Management NAIROBI, May 13 14,2019.
Accounting for Assets Accounting for Cash.
Presentation transcript:

Experience of the Malawi MAP POOLING ARRANGEMENTS Experience of the Malawi MAP 11/15/2018 Pooling arrangements

Malawi MAP-arrangements Separate Institution set up to coordinate HIV/Aids response. National Aids Commission (NAC) NAC under the Office of President and Cabinet(OPC) 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements Eight funding partners supporting NAC together with GOM Four partners and GOM pool resources The rest are discrete 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements All contributions-pooled or discrete-accounting and reporting -governed by jointly agreed accounting and reporting arrangements as stipulated in the MOU. 11/15/2018 Pooling arrangements

Pooling experience with Malawi-MAP-arrangements MAP program uses financial management,disbursement and reporting arrangements consistent provided in the SWAp guidelines issued in Nov 2002 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements NAC and funding partners-agreed on joint accounting, reporting, and auditing procedures to track receipts and expenditures and report on program progress. 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements Program Reporting formats consistent with Banks FMR requirements-called PMRs. Program and pooling of funds arrangement formalized through MOU. Overall percentage for financing program costs have been agreed for each funding partner and GOM, while actual annual amounts and percentage shares agreed amongst the basket donors. 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements Each year,annual work plan and outputs among NAC and funding partners-a detailed financing plan and activities to be funded by pool and discrete donors agreed. Donors contribute their share to the basket fund projected funding requirements for the next six months Earmarked donors disburse within the framework of the work plan agreed by all parties and bilateral agreement with NAC. 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements NAC and its partners review progress against work plan on a quarterly basis. Subsequent disbursements are made on the basis of six monthly projections. Any adjustments are jointly agreed at the time of quarterly review. 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements Trigger mechanism for release of funds by all funding partners including GOM pooled contribution-will be PMR and accompanying request for disbursement. Three bank accounts maintained for basket funds-pooled USD in local commercial bank,holding account in RBM,pooled local currency account. 11/15/2018 Pooling arrangements

Pooling experience with Malawi MAP-arrangements On a monthly basis, and to minimize foreign currency exchange losses, NAC transfers funds from the US dollar account to pooled local currency for purposes of agreed work plan. 11/15/2018 Pooling arrangements

Pooling experience with Malawi-MAP Low Disbursements from the pool.Only a third of available funds have been disbursed so far. Thus uptake funds favors earmarked funders.Reflected in cash requirements as well. Good treasury has earned pool account huge interest. 11/15/2018 Pooling arrangements

Pool experience with Malawi-MAP PMRs prepared do not have some output/indicator reports which need to be read with accounts Close collaboration amongst donors on decisions-leads to smooth management of the pool. Activity based chart of accounts allows easier tracking and reporting. 11/15/2018 Pooling arrangements