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Washington, DC
Africa | Cape Verde
2013-07-24T16:58:43Z | 2013-07-24T16:58:43Z | 2003-06-27

The Country Financial accountability (CFAA) focuses on budget forecast, execution and control, as well as human resources of MFPDR and other specialized agencies. Upon the request of Cape Verde's technical and financial partners, the CFAA also covers food assistance. Risk assessment is an important component of the diagnostic. Risk concerns both the Cape Verde government (budget formulation, preparation, execution and monitoring) as well as its technical and financial partners in their financing of Cape Verde development and poverty reduction efforts. The goal is to assess the possibility that: (i) public resources have not been spent in line with defined and authorized budget objectives, (ii) the budget does not cover an important part of government activities, (iii) available information is not reliable and exhaustive and is not sufficient for an effective monitoring of budget execution, and (iv) resources are not spent efficiently or are misused.


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