Fiscal Risk Monitoring for the Ministry of Finance of Georgia (MoF)
Project Client
Tetra Tech ARD;
Country
Georgia;
Origin Of Funding
USAID/GGI;
Start Date
16.01.2019
End Date
19.09.2019
Region
Caucasus;
The main goal of the project is to establish a regular process and framework for the monitoring and reporting of fiscal risks in order to advance the government’s public investment agenda.
In order to attain its goals, PMCG, as part of a consortium led by Tetra Tech ARD, under the USAID-funded Good Governance Initiative (GGI), will undertake the following activities:
- Specify clearly the roles of all interest groups and supporters in the fiscal risk monitoring process in order to provide a comprehensive mechanism dividing and clarifying the roles of interest groups and actors involved in ongoing projects;
- Indicate other potential origins of fiscal risks, not covered by the existing SFR based on best international practice;
- Develop and finalize procedural guidelines for every stage of fiscal risk monitoring in order to identify existing as well as potential fiscal problems; this will also reveal which steps are successful and which need to be improved;
- Prepare/update templates for regular reporting to stimulate quicker identification of problems and to provide an opportunity to see if the intended results are being achieved;
- Support the MoF to develop and finalize a value for money assessment methodology including on Public Private Partnerships (PPPs) projects;
- Prepare guidelines for public corporations (PCs) to identify quasi-fiscal operations; and
- Present a value-for-money assessment methodology, fiscal risk monitoring procedural guidelines, and reporting form templates.
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