Result Based Management Framework - METAC

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METAC’s overall strategic objective is to improve the conduct of macroeconomic
policy through institutional and capacity building. In the remaining period of Phase
III, the program will focus on four areas with the following objectives: (i) achieving a
more risk-oriented banking supervisory and a regulatory framework that enhances
financial stability; (ii) establishing an integrated public financial management (PFM)
framework that effectively links policies to public resource allocation and improves
transparency in, and accountability for, managing public finances; (iii) upgrading revenue
administration to bring it closer to best international standards to improve revenue
performance; and (iv) bringing member countries closer to compliance with international
standards for the compilation of external statistics, national accounts (NA), and price
statistics.
During Phase III, in addition to the four areas currently covered by METAC, until
October 2012, METAC provided TA and training in the area of improving debt
management and developing money markets for efficient financing of governments’
needs and for better conduct of monetary policy. However, due mainly to relatively low
demand and METAC’s tight financial condition during the first three years (May 2010-
April 2013) of Phase III, a decision was made to discontinue the work in this area. The
work that was done by METAC in this area in member countries is summarized in
Appendix I.
METAC will continue to be engaged with all member countries but to varying
degrees and TA will be tailored to countries’ specific needs. TA needs in countries that
have experienced uprisings and in fragile states will be substantial. This is the case of
Egypt, Libya, Sudan, Syria, West Bank and Gaza, and Yemen, and to a lesser extent
Afghanistan. TA in these countries will be directed mainly to building institutions capable
of conducting macroeconomic policy to achieve sustained growth while protecting social
sectors and reducing poverty. However, in case METAC’s involvement in some of these
countries continues to be hampered by the security situation and political turmoil,
resources will be shifted to the relatively more stable countries.
Regional workshops will continue to provide hands-on training and a platform for
sharing knowledge and exchanging experiences. Training will be focused on those
areas identified in need of improvement in TA reports, to exploit the synergies between
TA and training and to respond to country priorities. In this context, METAC will
continue to enhance its partnership with donors and other TA providers to increase the
efficiency and effectiveness of its capacity-building activities.
This document is organized as follows. For each country, we reviewed briefly the work
that has been done until July 2013 and then outlined in some details the objectives in each
of the four areas that METAC is focusing on: banking supervision, macroeconomic
statistics, public financial management, and revenue administration. For each area, we
specified the objectives to be met along with outcomes, expected outputs, and the