African Development Bank to Launch Public Financial Management Academy to Build Capacity in African Countries
The African Development Bank has approved the creation of a virtual academy to build public finance management capacity in African countries. Countries will receive technical assistance through structured, targeted, dedicated and local trainings as well as through policy dialogue.
The academy, housed within the African Development Bank Group’s African Development Institute, will deepen partnerships with the International Monetary Fund, World Bank and African countries to improve public financial management practices in Africa. . Other implementing partners include key regional public financial management institutions, regional technical assistance centers, universities and national public administration training institutes.
The training, technical assistance and policy dialogue provided by the academy will cover issues upstream and downstream of the public finance management cycle, tailored to the specific needs of African countries.
The training modules will cover macroeconomics and planning; fiscal policy forecasting and modeling; prudential budgeting and expenditure management; domestic and external revenue mobilization; debt management and transparency; public-private partnerships in public finance management; strengthening supreme audit and accountability systems; and the fight against corruption and illicit financial flows. In addition, cross-cutting issues will also be taken into account, including institutional, legal and regulatory processes and human capacity governance.
The recipients of the training span the entire African civil service – including technical and political leaders who have the power to influence and change the public financial management systems of African countries. Thus, the academy will welcome technical managers of public finance and senior civil servants from the ministries of finance, national planning, budget directorates, debt management directorates and financial departments, including tax administrations and customs.
In addition, the academy will target all officials involved in the expenditure chain (heads of national treasuries, administrative and financial departments of ministries responsible for expenditure and financial control), officials of central banks and sectoral ministries such as the ‘environment. Also targeted are relevant agencies, parliamentarians, academics, private sector leaders and civil society organizations, as well as think tanks.
The academy will also provide the necessary technical assistance to the competent institutions in charge of public finance management. It will seek out and establish partnerships with national public administration training institutes to effectively deliver tailor-made capacity building programs to civil servants.
“The establishment of the public financial management academy will go a long way in addressing long-standing capacity gaps in public financial management practices in African countries,” said Professor Kevin Chika Urama, Acting Chief Economist and Vice President for Economic Governance and Knowledge. Management of the African Development Bank. “It will enable the Bank to leverage the resources (skills, competencies and financing) of sister multilateral development banks, international and African public financial management institutions to provide cutting-edge training, technical assistance and policy advice, integrated into the local realities of Africa. countries.”
Click below to share this article
