Public Financial Management (PFM) Maldives Activity Program
Client: DAI Global
Origin of Funding: USAID
The main objective of our activities is to strengthen the public financial management (PFM) and domestic revenue mobilization (DRM) systems in the Maldives.
PMCG, as a sub-contractor of DAI Global, under a USAID-funded program, is undertaking the following activities:
Reviewing the regulatory framework governing program-based budgeting (PBB), including analyzing budget legislation and the Ministry of Finance’s (MoF) regulations;
Identifying needs for legislative amendments to increase accountability of civil servants to achieve indicator targets;
Drafting legislative amendments, regulations, and guidance materials governing the PBB cycle;
Supporting DAI Global by developing an annual workplan, descriptions of activities and specific tasks, identifying support resources under each activity, and building project and activity timelines; and
Participating in progress reviews under the workplan and providing technical assistance, including preparation of reports, toolboxes, training guides, best practices documents, manuals, curricula, and technical briefs.
PMCG recently started a new EU Framework project, providing technical assistance to the process of implementing a roadmap for engagement with civil society in Bolivia, as part of a consortium led by Business & Strategies in Europe (B&S).
We are currently in the process of conducting a final evaluation of the EU-funded project entitled "Water for the Poor," which aimed to protect and promote the right to health and to adequate living standards of citizens in vulnerable multi-ethnic rural communities of Kakheti and Kvemo Kartli regions of Georgia, and has been implemented by Caucasus Environmental NGO Network (CENN).
PMCG, as a local sub-contractor of Abt Britain Limited, is supporting the Government of Georgia by developing a draft strategy for a vibrant leasing industry, which will serve as a tool supporting the growth of micro, small, and medium enterprises (MSMEs), and stimulating fixed capital formation in the country under the Technical Assistance Facility Eastern Partnership (TAF EP), which is a part of the Good Governance Fund (GGF) program implementation mechanism, funded with UK aid from the UK Government.
PMCG, as a local sub-contractor of Abt Britain Limited, is conducting comprehensive analysis of state support programs and providing evidence-based recommendations for their modernization in order to enhance competitiveness and diversification of the micro, small, and medium enterprise (MSME) sector in Georgia, under the Technical Assistance Facility Eastern Partnership (TAF EP), which is a part of the Good Governance Fund (GGF) program implementation mechanism, funded with UK aid from the UK Government.
PMCG was recently selected to implement a new project to support the Government of Egypt’s Public Finance Management (PFM) reforms. Funded by the EU, the project will be implemented by PMCG in a consortium led by ADE.
International rankings and indicators help us to understand and assess how countries are performing in different areas. In this bulletin, Georgia’s positions in international rankings and their dynamics are reviewed based on recent data, and these are also compared to other Eastern Partnership (EaP) countries (Armenia, Azerbaijan, Moldova, Ukraine, and Belarus).
The spread of COVID-19 has resulted in a global pandemic, followed by an abrupt economic crisis due to the necessary measures taken to reduce infection and death rates. In this bulletin, we focus on the countries of the Black Sea region, specifically their preparedness for an economic crisis and their actual economic performance during the pandemic, before presenting forecasts for 2021.
In Q1-Q3 of 2020, total trade turnover in Ukraine amounted to 72.8 bln USD, which is a 6.9 bln (9%) decrease, compared to the corresponding period of 2019;
In Q1-Q3 of 2020, Ukrainian exports decreased by 6% compared to the corresponding period of 2019, while Ukrainian imports dropped by 11%;
In Q1-Q3 of 2020, Ukraine’s trade deficit amounted to 2.98 bln USD, which is 2.6 bln USD (47%) decrease compared to the corresponding period of 2019;
In Q1-Q3 of 2020, the main export partners were China, Poland and Russia, with shares in total export volume of 13.8%, 6.7% and 5.8% respectively. The main import partners were China (15.3% of total imports), Germany (10.2%) and Russia (8.8%).
The number of international travelers declined by 93.1% in November compared to the same period of 2019, while the number of international visitors fell by 91.6% and the number of international tourists fell by 88.3%;
The price changes in Adjara and Guria are the most representative of tourism’s decline. In November 2020, the year over year Hotel Price Index decreased by 45.8% in Guria and by 28.5% in Adjara. Hotel prices in other regions do not provide an accurate guidance of the situation in accommodation market due to the COVID-19 pandemic;
The number of visits by domestic visitors in the third quarter of 2020 (Q3 of 2020) has declined by 5.6%, compared to the same period of 2019;
The number of visits with the purpose of visiting friends or relatives has declined the most in Q3 of 2020, compared to the corresponding figure in 2019, having declined by 19.8%. Whereas, the number of visits with the purpose of visiting another house (cottage, etc.) has increased by 45.4% in Q3 of 2020, compared to Q3 of 2019. Perhaps, the main reason for these changes in the structure of the visit purpose is existing fears of traveling caused by the ongoing pandemic.
In Georgia, the average cost of a room in a 3-star hotel was 113 GEL per night in November 2020, while the average cost of a room in a 4-star hotel in Georgia was 176 GEL per night and the average cost of a room in a guesthouse was 67 GEL per night.