The integrated Fiduciary Systems Assessment (FSA) of the Nepal SSDP was carried out by the World Bank, as part of AF Program preparation, based on the requirements of the World Bank policy and procedures for the PforR AF. Based on the analysis of available documents and working sessions with the key stakeholders, the FSA considers whether the Program’s fiduciary systems provide reasonable assurance that the financing proceeds will be used for intended purposes, with due attention to the principles of economy, efficiency, effectiveness, transparency, and accountability. It covers the Program’s institutional arrangements, FM and procurement systems, and governance systems. The FSA was conducted based on knowledge of Nepal’s public procurement and FM systems in the current context of federalism. The World Bank fiduciary team met with the concerned federal government agencies including the OAG and the FCGO. The World Bank team also conducted fiduciary assessment of the select LGs (both municipality and rural municipality) as most of the SSDP activities are now implemented by the LGs. Given the capacity and system constraints at the LGs, the FSA concludes that only upon implementation of the agreed fiduciary mitigation measures, the Program’s fiduciary systems will provide reasonable assurance that the financing proceeds will be used for intended purposes. The AF focusses on system strengthening at LGs through effectiveness conditions and DLRs.
#NepalFiduciarySystems
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Publisher:
World Bank
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(2019
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Type / Script:
Publication
in English
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Keywords:
ECONOMIC SYSTEMS, ALLEGIANCE, LAND TENURE, MIDDLE AGES, ECONOMIC SYSTEMS, ACCESS TO INFORMATION, PHYSICAL INFRASTRUCTURE, POLITICAL SYSTEMS, FEDERAL GOVERNMENT
REGIONALISM STATES, POLITICAL SYSTEMS
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Thematic Group:
WB
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World Bank
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Thesaurus:
01.01.00
- Political Conditions, Institutions, Movements
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Reference Link:
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