EU demands respect for Cyprus Audit Office - Cyprus Property News cyprus-property-buyers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-property-buyers.com Daily Mail and Mail on Sunday newspapers.
Supreme audit institutions essential in securing government accountability during covid19
FELICITY HAWKSLEY, journalist
In January 2021, the International Monetary Fund reported that the global fiscal response by governments to the coronavirus pandemic was US$14 trillion, and counting. Many countries have spent more than they take in taxes to try and get the pandemic under control.
And though both the financial crisis and covid19 warranted speedy spending, coronavirus spending has been spread across many more sectors and channels than the bank bailouts and quantitative easing during the credit crunch.
Clearly there are risks associated with such spending. The main risks are fairly obvious, said Pamela Monroe Ellis FCCA, auditor general of Jamaica and secretary general of the Caribbean Organisation of Supreme Audit Institutions (CAROSAI). The spending is generally taking place in an environment that is not conducive to checks and balances, and this has meant – in some cases
Accounting in an emergency jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
APPENDIX A
1.0 BACKGROUND
1.1 The African Development Bank Group (the Bank) has been supporting the Government of Somaliland in its developmental efforts. A Grant of UA 5.4 million was approved in June 2016 to finance the Water Infrastructure Development for Resilience in Somaliland.
1.2 The Water for Infrastructure Development for Resilience project consists of the following three components: -
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The construction and rehabilitation of water and sanitation infrastructure: This component is focused on providing access to water in order to meet high-priority needs in drought-stricken areas.
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Capacity Building: This component will support the capacity development of the Ministry of Water Resource (MoWR) in Somaliland including the beneficiary communities. Proposed activities include; procurement of essential Operation and Maintenance (O&M) and laboratory equipment and training.
Sharing a vision: The World Bank and the Turkish Court of Accounts
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The Turkish Court of Accounts was a latecomer to the process of public financial management reform. With just a little support from the World Bank, it has been making up for lost time and is emerging as an important actor at home and abroad.
At the World Bank, we dream of a world free from poverty and conflict, a sustainable planet, and boosted shared prosperity for all. To achieve this, we need stronger social and economic systems, better infrastructure, and technological progress. Good governance is the foundation to make it all possible.