Print Edition - 2015-03-31 | MONEY
USAID joins Multi-Donor Trust Fund
Mar 30, 2015-
The US Agency for International Development (USAID) on Monday joined the Multi-Donor Trust Fund (MDTF) for Public Financial Management (PFM).
The administrative agreement was exchanged between the World Bank Country Manager for Nepal Takuya Kamata and USAID Mission Director Beth Dunford for the amount of $ 712,575. According to a joint statement, the contribution will be used to finance activities under the Multi- Donor Trust Fund, which is administered by the World Bank and jointly funded by six donors—the EU, UK Department for International Develo-pment, the Governm-ents of Norway, Denmark and the Swiss Confederation, and the Australian Government Department of Foreign Affairs and Trade.
Established in December 2010, the objective of the MDTF is to strengthen the performance, transparency, and accountability of Public Financial Management in Nepal. “This Multi Donor Trust Fund is a good example of development partners working together to support the government towards reforming public financial management in Nepal effectively using its country systems,” said Kamata. “We are pleased to welcome USAID as our new partner in this collaborative endeavor.”
USAID’s Director Dunford said improving the government Public Financial Management systems, budget execution and delivery of basic services is the most direct path to sustained alleviation of the extreme poverty.
Published: 31-03-2015 09:42