Repeat of Public Expenditure and Financial Accountability assessment in Seychelles
October 03, 2016
Seychelles is being assessed by the Public Expenditure and Financial Accountability (PEFA), in the progress made so far in the implementation of Public Finance Management (PFM) reforms since 2011. This is at the request of the government of Seychelles even if the PEFA assessments undertaken in 2008 and 2011 provided an adequate picture of the public finance management situation in Seychelles.
Two consultants conducted a half-day workshop on Thursday 29th September 2016, at the STC Conference Room. They met with stakeholders involved in PEFA, the Public Enterprise Monitoring Commission, the Auditor General’s Office, and other accounts staff from the Ministry of Education and Health. The workshop will also provide the different stakeholders with the principles of PEFA 2016 methodology.
According to Mr. Damien Thesee, Comptroller General, all relevant stakeholders were present. Mr. Thesee said that
“ this assessment will allow us to assess progress made from the last assessment in 2011 and to be able to formulate a new action plan for 2017-2019, so as to address areas that requires strengthening”
The repeated PEFA will be financed from the 11th EDF Technical Cooperation Programme (TCF). The objective is to support government to enhance institutional capacities in the identification and implementation of actions in complement with the EU-Seychelles cooperation agenda.
In its December 2015 report the International Monetary Fund (IMF) recommended that a repeated PEFA be undertaken in 2016, to assess progress made in the implementation of the 2012-2014 Public Finance Management Action Plan, and to identify remaining challenges.