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CERTIFIED MASTER OF FINANCIAL MANAGEMENT & DISBURSEMENT OF WORLD BANK PROJECTS

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Kings Global Career Academy
Last Update April 21, 2023
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About This Course

The World Bank perceives that monetary administration is a fundamental piece of the improvement interaction. In the public area, it guarantees responsibility and proficiency in the administration of nation assets; in the confidential area, it advances speculation and development. Subsequently, the main aim of the Bank’s attention to monetary administration is to develop further the implementation of the monetary administration of the acquiring countries. Simultaneously, assuming the Bank is to support the certainty of its investors, different partners, and general society at large, it should have the option to show that its assets are utilized properly. Consequently, the second evenhanded of the Bank’s monetary administration work is to give OK confirmation on the utilization of Bank advance returns. While these goals are looked for even in crisis activities, including post-fiasco recreation projects, changes in accordance with typical methods are at times required.

 

Learning Objectives

Financial Management Guidelines for World Bank Funded Projects
Documentation Requirements for the Donor
Planning, Budgeting and Reporting for World Bank Funded Projects
Audit Process of World Bank Funded Projects
The responsibilities of the borrower and the donor
Legal Aspects in World Bank Funded Projects
The Funding Structure and Strategies for World Bank Projects

Material Includes

  • Study Materials
  • Conference Room
  • Lunch / Dinner

Requirements

  • Carry your laptop for practical's

Target Audience

  • The course is an ideal suite for all experts engaged with the mid and top level administration level of World Bank-supported projects.
  • Counting Monetary Administrators and investigators
  • Money officials and inspectors
  • The executives Staff, Financial plan Organizers and Examiners, and so on.
  • Moreover, the program will demonstrate advantageous for those money and bookkeeping experts and undertaking the board trained professionals, who will chip away at World Bank Financed projects soon.

Curriculum

48h

DAY 1

• The World Bank Project Cycle • What Is a World Bank Project? • Country Assistance Strategy • Project identification • Project preparation • Project appraisal • Project approval • Project implementation • Project completion • Project evaluation

DAY 2

Financial Management in Bank Operations Operational Policies Assessments of financial management arrangements. Interim financial reporting Audited financial statements. Bank Procedures Project preparation Assess the proposed financial management arrangements Agree with the borrower on the format and content of interim and annual audited financial statements

DAY 3

Unique statements Agree on the scope of audit work to be carried out for each operation Project implementation. Project completion and evaluation. Financial Management Issues in Emergency Operations Use of country systems Harmonization Analysis of risk Disbursement Understanding disbursement

DAY 4

Disbursement Methods Reimbursement Advance Direct Payment Special Commitment Satisfying sponsors Reporting Fund receipt connection with real time project development Risk Management Strategy development and implementation

DAY 5

Building Country Capacity FM Policies in Bank-financed Operations Engagement with Global Partners Financing Plan Understanding the RATINGS Implementation ratings Completion ratings Risk to Development Outcome Bank Performance Borrower Performance Government Performance Implementing Agency

DAY 6

Sustainable Development Goals. G20 High-Level Principles for Digital Financial Inclusion. Universal Financial Access 2020 initiative Creating a regulatory environment to enable access to transaction accounts Expanding access points Improving financial capability Driving scale and viability through high-volume government programs, such as social transfers, into those transaction accounts Focusing on reaching disadvantaged populations, such as women and rural producers Encouraging use of financial services, to move from access to finance to account use

DAY 7

Overview of the findings Findings in Project Management Findings in Governments commitment to essential success factors Findings in Functional Processes and Systems Design Findings in System Implementation Findings in the ongoing Systems Operation and Maintenance FMIS Utilization and Coverage The World Bank’s Role in FMIS Projects Methods and Limitations in FMIS Framework for Financial Management Information Systems

DAY 8

Assessing with WB Angle Policy and institutional underpinnings Budget allocations Budget circular Budget comprehensiveness Budget documentation Budget estimates Budget execution Budget preparation Budget proposals Budget support Budget systems Budgetary expenditure Budgetary institutions Budgeting

DAY 9

Economic development Economic growth Economic performance Economic reform Economies of scale External accountability External assistance Finance ministries Financial accountability Financial management capacity Financial resources Financial statements – Audit & Management Fiscal data Fiscal forecasts Fiscal information Fiscal outturns Fiscal position Fiscal years Fraud – Case studies Functionality Futures Globalization

DAY 10

Public entities Public expenditure Public expenditure management Public finance Public financial management systems Public sector reform Public servants & services Reform efforts Reform objectives Reform programs Regional dummies Registration systems Relationship between population Reliability Remittances Sustainability analysis Targets Tax assessment Tax collections Treasury Trust funds

Your Instructors

Kings Global Career Academy

KGC ACADEMY LTD

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CPA CFA MBA MCOM PMP 6SIG 20+ Years of Corporate experience and Consultancy for 5 years
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