Friday, February 15, 2013

Reviewing the FSM Peer Review draft report

FSMIS (February 15, 2013): President Manny Mori held a cabinet meeting earlier today to discuss the draft Peer Review Report with the heads of departments and offices.
In November 2012, a team of Pacific-based experts, facilitated by the Pacific Islands Forum Secretariat (PIFS), undertook an independent review of FSM’s processes for formulating development plans, budgets, public financing, aid coordination with development partners and the monitoring and reporting of results. In addition, the team was asked to evaluate the policy environment in terms of its suitability in promoting private sector development. The review was done at FSM’s request.
At the cabinet meeting today, President Mori and other officials shared views on a number of observations and recommendation  that were raised by the Peer Review Team as generally discussed in the draft report under categories of planning; Budgeting and performance management; Public Financial Management; Private Sector Development; and Aid Management.
The Office of SBOC (Statistics, Budget and Economic Management, Overseas Development Assistance and Compact Management) has been tasked to compile the views on the Peer Review report and share with the team before the final report is produced.
After the final report, the FSM will consider the recommendations for possible implementations.
The Peer Review Team also recommended that a follow up review be undertaken six months after the final report to assist FSM and PIFS in sustaining the purpose and benefit of the review.
A substantial coverage on the Peer Review report will take place after final draft is produced by the team.

For details, or call 320-2548.

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