Eptisa will implement the third phase of the Institutional Strengthening Programme in Support of the Establishment of a Mid-Term Expenditure Framework in Latin American countries

The efficiency and effectiveness of public expenditure in 7 countries of Central America, Panamá and the Dominican Republic will be improved with this project

July 09 2013

Following the successful finalization of the second phase of theInstitutional Strengthening Programme in Support of the Government of Nicaragua for the Establishment of a Mid-Term Expenditure Framework (MTEF), the Swiss Secretariat for Economic Affairs has awarded to Eptisa in consortium with Fiscus the contract to implement de third phase.

The project, which will be implemented until April 2016, aims at continuing the support to the institutionalisation of a Medium Term Expenditure Framework (MTEF) in Nicaragua while at the same time expanding the use of this multi-year budgeting tool to the other member countries of COSEFIN (Costa Rica, Guatemala, El Salvador, Honduras, Panama and the Dominican Republic). The regional component aims to meet the needs of COSEFIN and its member countries in improving their planning and budgeting systems through an effective adoption of MTEF.

In Nicaragua, the efficiency and effectiveness of public expenditure across 58 government institutions will be improved through the implementation of a comprehensive planning and budget formulation process, allowing a better alignment of available resources with strategic priorities and the setting of realistic fiscal targets. This third phase builds on the progress achieved since 2006, with emphasis now put on enhancing the monitoring and evaluation capacities of the public sector in general under the leadership of the Nicaraguan Ministry of Finance.

Concerning the regional component, Eptisa will provide assistance services focused on mapping, dissemination, training, diagnosis and implementation of MTEF systems while learning and being inspired by the Nicaraguan good practices in the subject.


 
 Eptisa will implement the third phase of the Institutional Strengthening Programme in Support of the Establishment of a Mid-Term Expenditure Framework in Latin American countries