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Financial Management Workshop for
Global and Regional Grants Recipients – Day 1
Setting the Scene: FM Overview
25-27 October 2017
Bangkok, Thailand
Setting the Scene
‘’LEAVING NO ONE BEHIND’’
2030 AGENDA
on Sustainable Development (2016)
75% of the world’s hungry poor
live in rural areas
IFAD’s Unique Mandate
‘’to eradicate poverty and hunger in developing countries
by investing in rural people
and enabling inclusive and sustainable transformation in rural areas, notably through
small-holder agriculture led growth’’.
1
IFAD’s Approach
2030 AGENDA
Sustainable Development Goals (SDGs)
SDG1 SDG2
IFAD’s STRATEGIC FRAMEWORK 2016-2025
IFAD Programme of Loans and Grants (POLG):
GOAL: Rural people overcome poverty and achieve food security
STRATEGIC OBJECTIVES (SOs):
SO1 - PRODUCTIVE CAPACITY SO2 - MARKET PARTICIPATION SO3 - RESILIENCE
INVESTMENT PROJECTS
POLICY ENGAGEMENT PARTNERSHIP KNOWLEDGE
addressed by:
through:
2
IFAD Organigramme (Partial)
IFAD
Office of the
President and
Vice President
(OPV)
Ethics Office (ETH)
Office of Audit and Oversight
(AUO)
Office of the General Counsel
(LEG)
Quality Assurance Group (QAG)
Programme
Management
Department
(PMD)
Regional Divisions (APR, ESA,
LAC, NEN, WCA)
Operational Policy and
Effectiveness (OPE)
Policy and Technical Advisory
(PTA)
Financial
Operations
Department
(FOD)
Accounting and Controller’s
Division (ACD)
Financial Management Services
Division (FMD)
Strategy and
Knowledge
Department
(SKD)
Global Engagement,
Knowledge, and Strategy
Division (GKS)
Research and Impact
Assessment (RIA)
INVESTMENT PROJECTS
LAC
Latin America & Caribbean
# countries: 19
# projects: 52
Financing: 0.9 (USD bln)
WCA
West & Central Africa
# countries: 23
# projects: 58
Financing: 1.4 (USD bln)
NEN
Near East, North Africa,
Europe
# countries: 19
# projects: 51
Financing: 0.9 (USD
bln)
ESA
East & Southern Africa
# countries: 16
# projects: 53
Financing: 1.7 (USD
bln)
APR
Asia and Pacific
# countries: 21
# projects: 76
Financing: 2.3 (USD bln)
GRANTS
# projects: 90
Financing: 0.15 (USD bln)
IFAD country investments:
# active countries: 98
# projects: 290
Financing : 7.2 (USD
bln)
Project status (Approved to Disbursable) – April
2017
APR, 32%
ESA, 24%
LAC, 13%
NEN, 13%
WCA, 19%
Share of financing
IFAD Portfolio: Ongoing Operations
3
IFAD Grants Portfolio – Ongoing
Operations (USD)
185 projects for a total USD 230m (excluding ILC)
4
IFAD Grants Portfolio – Ongoing
Operations (EUR)
53 projects for EUR 130m
5
INVESTMENT PROJECTS
LAC
Dario Rimedio
Team Leader FMD
WCA
Haoua Sienta
Team Leader FMD
NEN
Malek Sahli
Team Leader FMD
ESA
Robert Creswell
Team Leader FMD
APR
Virginia Cameron
Team Leader FMD
GRANTS
Irene Li
Team Leader FMD
Financial Management
Services Division
Ruth Farrant
Director FMD
Task force of Accredited FM CONSULTANTS!
1 Director
6 Team Leaders
11 Finance Officers
FMD – Financial Management Services
6
• Partnering internal and
external stakeholders
throughout the project
lifecycle
FMD
INTERNAL & EXTERNAL
AUDIT
ORGANIZATION
&
STAFFING
BUDGETING
FUNDS FLOW
ARRANGEMENT
S
INTERNAL
CONTROLS
ACCOUNTING
SYSTEMS
POLICIES
&
PROCEDURES
REPORTING
&
MONITORING
• In the field, from Design
to Implementation
FM Business Partners
7
Financial Management Services
Division (FMD)_
FMD Vision
• To be an innovative leader in FM best practices ensuring
minimum standards, and align where feasible with country
systems/ other IFIs;
• To be a specialised division carrying out a pivotal role
consistently providing high-quality, value-added inputs and
fiduciary assurance throughout the project lifecycle to internal
& external stakeholders;
• To assist and support IFAD to achieve its objectives to
effectively and efficiently deliver on development
commitments by ensuring adherence to FM standards and
responsibilities.
IFAD Fiduciary
Obligation
‘’to ensure that funds are
used for the intended
purposes, with due
attention to considerations
of economy, efficiency and
social equity.’’
8
FMD Main Areas of Responsibility
Design and deliver wide reaching capacity building programme for IFAD workforce
(including staff and consultants) and external stakeholders (projects, recipients)
Set and monitor Financial Management policies and procedures, guidelines and
manuals, and other FM tools
Conduct and strengthen Financial Management Assessment and oversight in IFAD
funded operations, to provide fiduciary assurance and value added functions
Actively contribute to IFAD’s corporate strategies and related projects/working
groups (lending terms, disbursement analysis)
1
2
3
4
9
Real-time
access to sound
information on
the fiduciary
health of the
loan and grant
portfolio
FM and fiduciary reporting
FMDB
ARTS
IFAD Client Portal
Oracle BI
Flexcube
PSR Online
Grips
FM Assessments
Audit reviews
Disbursements
Ineligible expenditureRisk ratings
Web-based input
Project FM data
repository
+ various other
reports
FMD IT Tools
11
Division restructuring
12 FM workshops/
training events
(participation >100
missions) in 2016
Loan admin business re-
engineering and roll-out
of grants risk based
assurance
IFAD Client Portal (ICP)
(including recipients)
Launch of FM consultant
mandatory accreditation
(1st MDB in the world)
Launch of Single
Currency Lending
IFAD’s lending policies
and criteria review
IFAD membership in
MDB FM Harmonization
Working Group
Revised Financial
Management &
Administration Manual
(FAM)
Recent FMD Achievements
12
Setting the scene
Thank you!
Questions?

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Day 1 topic 1. setting the scene fm overview

  • 1. Financial Management Workshop for Global and Regional Grants Recipients – Day 1 Setting the Scene: FM Overview 25-27 October 2017 Bangkok, Thailand
  • 2. Setting the Scene ‘’LEAVING NO ONE BEHIND’’ 2030 AGENDA on Sustainable Development (2016) 75% of the world’s hungry poor live in rural areas IFAD’s Unique Mandate ‘’to eradicate poverty and hunger in developing countries by investing in rural people and enabling inclusive and sustainable transformation in rural areas, notably through small-holder agriculture led growth’’. 1
  • 3. IFAD’s Approach 2030 AGENDA Sustainable Development Goals (SDGs) SDG1 SDG2 IFAD’s STRATEGIC FRAMEWORK 2016-2025 IFAD Programme of Loans and Grants (POLG): GOAL: Rural people overcome poverty and achieve food security STRATEGIC OBJECTIVES (SOs): SO1 - PRODUCTIVE CAPACITY SO2 - MARKET PARTICIPATION SO3 - RESILIENCE INVESTMENT PROJECTS POLICY ENGAGEMENT PARTNERSHIP KNOWLEDGE addressed by: through: 2
  • 4. IFAD Organigramme (Partial) IFAD Office of the President and Vice President (OPV) Ethics Office (ETH) Office of Audit and Oversight (AUO) Office of the General Counsel (LEG) Quality Assurance Group (QAG) Programme Management Department (PMD) Regional Divisions (APR, ESA, LAC, NEN, WCA) Operational Policy and Effectiveness (OPE) Policy and Technical Advisory (PTA) Financial Operations Department (FOD) Accounting and Controller’s Division (ACD) Financial Management Services Division (FMD) Strategy and Knowledge Department (SKD) Global Engagement, Knowledge, and Strategy Division (GKS) Research and Impact Assessment (RIA)
  • 5. INVESTMENT PROJECTS LAC Latin America & Caribbean # countries: 19 # projects: 52 Financing: 0.9 (USD bln) WCA West & Central Africa # countries: 23 # projects: 58 Financing: 1.4 (USD bln) NEN Near East, North Africa, Europe # countries: 19 # projects: 51 Financing: 0.9 (USD bln) ESA East & Southern Africa # countries: 16 # projects: 53 Financing: 1.7 (USD bln) APR Asia and Pacific # countries: 21 # projects: 76 Financing: 2.3 (USD bln) GRANTS # projects: 90 Financing: 0.15 (USD bln) IFAD country investments: # active countries: 98 # projects: 290 Financing : 7.2 (USD bln) Project status (Approved to Disbursable) – April 2017 APR, 32% ESA, 24% LAC, 13% NEN, 13% WCA, 19% Share of financing IFAD Portfolio: Ongoing Operations 3
  • 6. IFAD Grants Portfolio – Ongoing Operations (USD) 185 projects for a total USD 230m (excluding ILC) 4
  • 7. IFAD Grants Portfolio – Ongoing Operations (EUR) 53 projects for EUR 130m 5
  • 8. INVESTMENT PROJECTS LAC Dario Rimedio Team Leader FMD WCA Haoua Sienta Team Leader FMD NEN Malek Sahli Team Leader FMD ESA Robert Creswell Team Leader FMD APR Virginia Cameron Team Leader FMD GRANTS Irene Li Team Leader FMD Financial Management Services Division Ruth Farrant Director FMD Task force of Accredited FM CONSULTANTS! 1 Director 6 Team Leaders 11 Finance Officers FMD – Financial Management Services 6
  • 9. • Partnering internal and external stakeholders throughout the project lifecycle FMD INTERNAL & EXTERNAL AUDIT ORGANIZATION & STAFFING BUDGETING FUNDS FLOW ARRANGEMENT S INTERNAL CONTROLS ACCOUNTING SYSTEMS POLICIES & PROCEDURES REPORTING & MONITORING • In the field, from Design to Implementation FM Business Partners 7
  • 10. Financial Management Services Division (FMD)_ FMD Vision • To be an innovative leader in FM best practices ensuring minimum standards, and align where feasible with country systems/ other IFIs; • To be a specialised division carrying out a pivotal role consistently providing high-quality, value-added inputs and fiduciary assurance throughout the project lifecycle to internal & external stakeholders; • To assist and support IFAD to achieve its objectives to effectively and efficiently deliver on development commitments by ensuring adherence to FM standards and responsibilities. IFAD Fiduciary Obligation ‘’to ensure that funds are used for the intended purposes, with due attention to considerations of economy, efficiency and social equity.’’ 8
  • 11. FMD Main Areas of Responsibility Design and deliver wide reaching capacity building programme for IFAD workforce (including staff and consultants) and external stakeholders (projects, recipients) Set and monitor Financial Management policies and procedures, guidelines and manuals, and other FM tools Conduct and strengthen Financial Management Assessment and oversight in IFAD funded operations, to provide fiduciary assurance and value added functions Actively contribute to IFAD’s corporate strategies and related projects/working groups (lending terms, disbursement analysis) 1 2 3 4 9
  • 12. Real-time access to sound information on the fiduciary health of the loan and grant portfolio FM and fiduciary reporting FMDB ARTS IFAD Client Portal Oracle BI Flexcube PSR Online Grips FM Assessments Audit reviews Disbursements Ineligible expenditureRisk ratings Web-based input Project FM data repository + various other reports FMD IT Tools 11
  • 13. Division restructuring 12 FM workshops/ training events (participation >100 missions) in 2016 Loan admin business re- engineering and roll-out of grants risk based assurance IFAD Client Portal (ICP) (including recipients) Launch of FM consultant mandatory accreditation (1st MDB in the world) Launch of Single Currency Lending IFAD’s lending policies and criteria review IFAD membership in MDB FM Harmonization Working Group Revised Financial Management & Administration Manual (FAM) Recent FMD Achievements 12
  • 14. Setting the scene Thank you! Questions?