- Making the APSFs more operational
- Continuing the implementation of the C2D Contracts
- Public Expenditure and Financial Accountability - PEFA, assessing public finance management systems
- The Resonance Network, connecting economic and financial governance players
- EITI: Promoting transparency in financial streams from natural mining resources
Making the APSFs more operational
The Ministry of Foreign and European Affairs funds a programme to support the drafting and implementation of the APSFs, in certain countries eligible for HIPC (Heavily-Indebted Poor Countries) debt reduction.
In 2006, France initiated, in partnership with the UNDP’s Regional Bureau in Africa, the creation of a Regional Support Hub for the APSFs, based in Dakar. This hub comes in response to a three-fold objective: building capacity and supporting the national teams in charge of the link between the APSFs and State expenditure, contributing to monitoring for the budgetary planning process in connection with the APSFs, and supporting greater inclusion of the MDGs in the APSFs.
Continuing the implementation of the C2D Contracts
The C2Ds represent forecasted financial volume of around EUR 3.3 billion. Out of the 38 countries eligible for the HIPC initiative, some twenty of them are expected to ultimately benefit from the C2D mechanism. Nine of them have signed their first C2D with France: Mozambique (1st C2D in 2001, 2nd C2D in 2004), Uganda (1st C2D in 2002, 2nd C2D in 2006), Bolivia (in 2003), Tanzania (1st C2D in 2003, 2nd C2D in 2007), Mauritania (1st C2D in 2003, 2nd C2D in 2006), Ghana (in 2004), Madagascar (in 2005), Nicaragua (in 2005) and Cameroon (in 2006). With EUR 537 million over a 5-year period, the Cameroon C2D is the largest public development aid programme ever signed by France.
Public Expenditure and Financial Accountability - PEFA, assessing public finance management systems
The PEFA initiative, launched in partnership with the World Bank, the European Union, the IMF, the United Kingdom, Switzerland, Norway and the Strategic Partnership for Africa, develops an integrated, coordinated and partnership-based approach to assessing public finance management systems. The objective is to foster, by building on external independent performance assessments on public finance, dialogue between donors and governments, the implementation of public finance reform in development countries and coordination for aid.
The Resonance Network, connecting economic and financial governance players
The Resonance Network connects the community working in the economic and financial departments of the Ministry of Foreign and European Affairs present across all partner countries.
Through a news portal, monthly electronic newsletter and discussion forums, this place for dialogue facilitates information movement and experience sharing between network members. It makes it possible to pool and capitalise on knowledge and know-how and to build up shared expertise on economic and financial governance serving more efficient action.
Resonance is also aimed at strengthening the ties between the strategic and operational dimensions, and between strides made in research and experience on the ground. This makes it possible for the latter to benefit from a collection of newly-produced information which will subsequently serve as fodder for France’s thinking and the work carried out in international institutions.
EITI: Promoting transparency in financial streams from natural mining resources
Officially launched at the London Conference in June 2003, the Extractive Industries Transparency Initiative (EITI or ITIE) brings together, on a voluntary basis, States, enterprises, civil society organisations and investors, wishing to promote better governance in countries rich in hydrocarbons and mineral resources. The EITI is aimed at guaranteeing transparency, through accounting audit methods on revenues from oil, gas and mining. The purpose is to make the relevant governments accountable for the latter being appropriately accounted for and to indirectly encourage them to be allocated toward sustainable economic and social development.
The initiative aims in particular at thwarting the “natural resource curse”, to which some developing countries have fallen victim. For that standing revenue can stir conflicting aspirations in those who wish to take hold of it and can provide the funding needed to carry conflicts on. At the current time, 27 countries have officially joined the EITI, which is deployed in Africa, South America and Asia. France supports the implementation of this initiative, alongside many other partners, including the World Bank, the United Kingdom, Norway and Canada.