📋 Tender Overview
IATI identifier 46002-P-SZ-K00-010
Country Eswatini
Sector Multi-Sector
High 5 Improve Life of People in Africa
Sovereign / Non-Sovereign Sovereign
Environmental Category [3] Low Risk
Climate Safeguards Categorization [3] Projects are not vulnerable to climate risk.
Gender Marker System Categorization [GEN III] Gender Outputs
Commitment (UA) 550,000
Project General Description
The proposed Middle Income Countries Technical Assistance Fund (MIC TAF) grant of UA 550,000 aims to strengthen public finance management in Eswatini, thereby contributing to overall economic governance and public sector effectiveness. The Bank's intervention responds to the government's request of 26 June 2024 for support in developing a PFM roadmap, implementing the IFMIS, and undertaking the PEFA assessment. This will be achieved by providing targeted technical assistance and knowledge transfer to facilitate the implementation of the Public Finance Management Act (PFMA) 2017 (as amended). The PEFA assessment will identify key gaps to inform the development of a comprehensive roadmap for PFM reforms, which are essential for the implementation of the Act and its regulations. Supporting the implementation of the IFMIS will improve budget preparation and execution, enhance financial reporting and ensure effective internal controls and audit practices within the Eswatini government, thereby strengthening transparency and accountability. The project will be implemented over a period of three years. It is estimated that the project will become effective by April 2025 and close in March 2028. The MIC grant's total financing is UA 550,000 (USD 732,396.50).
Project Objectives
The overarching development objective of the programme is to improve public financial management (PFM) and strengthen the efficiency of public spending. The project has two components i) Providing support to IFMIS implementation; ii) Supporting the development of a holistic road map for PFM Reforms.
Beneficiaries
The project's main beneficiary is the Eswatini government. The key outputs expected from the project include: i) the rollout of the IFMIS Planning and Budgeting modules and the generation of the requisite reports; ii) a reviewed chart of accounts that adheres to GFS 2014; iii) a PEFA assessment report; iv) a PFM implementation road map; v) IPSAS certification (at certificate and diploma levels) for 70 accounting cadre; vi) certification for 10 accounting cadre under the PFM Academy.
