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,
fsmpio@mail.fm or call 320-2548.
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