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Projet de Renforcement de la Responsabilité Financière pour la Bonne Gouvernance au Senegal (PRECAREF)

  • Project Name:
    Projet de Renforcement de la Responsabilité Financière pour la Bonne Gouvernance au Senegal (PRECAREF)
    Institution :
    The Government of the Republic of Senegal
    • Core Competence:
      Economic Policy Analysis and Management
    Project Region :
    West & Central Africa
    Country :
    Senegal
    Status :
    Closed
    Grant Number :
    148
    Grant Amount (USD):
    1 800 000
    Commitment Date:
    2005
    Closing Date:
    2010
    Introduction:

    In December 2004, the ACBF Executive Boardapproved a Grant of USD 1,800,000 in favor of the Republic of Senegal to support the “Projet de Renforcement de la Responsabilité Financière pour la Bonne Gouvernance au Senegal, PRECAREF’’, whose overall objective is to contribute to the improvement of economic governance in Senegal through capacity building for financial and budgetary accountability and transparency.

    Project Description:

    PRECAREF had three specific objectives, which were to:

    (i) Reinforce the human and institutional capacity of the Audit Court to enable it to conduct exhaustive and efficient control of the management of public funds;

    (ii) Strengthen the capacity of the Finance Committee of the Parliament so as to enhance its oversight function vis-à-vis the Executive Branch in the management of public funds; and

    (iii) Strengthen the capacity of DGCPT so that it could produce timely and store financial information needed by the Audit Court and the Parliament.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.
H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.
H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.
Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.
Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.
Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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