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ENHANCED INTEGRATED FRAMEWORK TRUST FUND MANAGER. Financial and fiduciary dimensions of the Enhanced Integrated Framework. Asia Regional Workshop, Kathmandu, Nepal, June 2010. I EIF NORMATIVE AND STRATEGIC FRAMEWORK. EIF Normative Framework.
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ENHANCED INTEGRATED FRAMEWORKTRUST FUND MANAGER Financial and fiduciary dimensions of the Enhanced Integrated Framework Asia Regional Workshop, Kathmandu, Nepal, June 2010
I EIF NORMATIVE AND STRATEGIC FRAMEWORK
EIF Normative Framework Overarching goal: to enhance the capacity of the LDCs to integrate into multilateral trading system in order to reduce poverty and benefit from increased market access. • Strategic Objectives • To mainstream trade into LDC’s • National Development Plans such • as Poverty Reduction Strategy • Papers (PRSP) • To assist in the coordinated • delivery of Trade-Related Technical • Assistance (TRTA) in response to • the needs identified by the LDCs • To develop the capacities of the • LDCs to trade, including capacity • building and addressing supply • constraints • Strategic Principles • Country ownership of the process • Tripartite partnership: LDCs, donors • and EIF Agencies • Demand driven and tailor-made approach • Participatory approach, specially by • Involving the private sector at all stages
EIF Strategic ContextThe EIF is both a trade development strategy and a trade development program insupport to the overall welfare increase of the LDCs • Trade development strategy • (Facts and Assumptions) • There is strong relationship between • trade and economic growth • There is not automatic link between • trade, economic growth and poverty • reduction • The combination of trade reforms and • poverty reduction strategies tends to • increase poor countries welfare • Sound institutional and policy • mechanisms both at international and • national levels can make possible • that poor countries expand their share of • income generated by trade • Trade development program • (operational strategies) • Mainstreaming trade into national • policies and poverty reduction • strategies • Fostering national ownership of trade • policy reforms • Strengthening national capacities • for trade policy formulation and • implementation
Least Developed Countries • The Least Developed Countries (LDCs) are the focus of the EIF. LDCs are countries, • which exhibit the lowest indicators of socio-economic development. A country is classified as LDC • if it meets three criteria and does not have a population larger than 75 million: • A low income criterion based on GNI per capita • A human assets criterion based on the HDI • An economic vulnerability criterion involving a composite index based on • indicators of natural shocks, trade shocks, expose to shocks, economic smallness and • economic remoteness
II TFM WITHIN THE EIF PROCESS
TFM Mandate and Functions • Mandate • The TFM was given a broad mandate • comprising full Fiduciary Responsibility. • The TFM exercises its full fiduciary • responsibility on behalf the • donors and the EIF Board as required • by the Accountability Framework. • The TFM will follow UNOPS financial • policies, rules and procedures in • compliance with the objectives and • modalities of the EIF. • Functions • Trustee functions • Preparation of budgets and forecasting • Program financial management • Fiduciary appraisal of project proposals • and assessment of the grant • recipient’s capacities • Recommendations on capacity • building and training • Monitoring and Supervision (addressing • program financial management and • fiduciary matters) • Reporting
TFM Operational Principles Effectiveness TFM alignment with the EIF overarching goal, objectives, strategies and principles Efficiency TFM efficient management and performance as a result of obtaining maximal outputs with minimal inputs Accountability TFM obligation to demonstrate that work has been conducted in accordance with agreed rules and standards and to report fairly and accurately on performance results vis– a –vis mandated roles/or plans Transparency TFM operations and reports are clear honest and open to the concerned stakeholders Sustainability TFM ability to assist in making NIU accountable and sustainable in the long term
EIF - TFM Organigramme EIF Board Executive Secretariat Executive Director GVA UNOPS SWOC Director GVA Executive Office Executive Officer Portfolio Assistant Implementation Advisor Geneva Portfolio Manager Admi. Assistant NAIROBI Finance Officer Geneva Portfolio Manager Admi. Assistant DAKAR Legal Advisor Geneva Portfolio Manager Admi. Assistant BANGKOK Portfolio Manager Admi. Assistant JOHANNESBURG Office still to be opened
III TFM OPERATIONAL PROCESSES AND TOOLS
OVERVIEW OF TIER 1 AND TIER 2 PROJECTS • TIER 1 PROJECTS • Types of Projects • Building the human resource capacity of EIF NIAs • Providing operational support to NIAs • Preparing and/or update of the DTIS • Facilitating and supporting trade mainstreaming actions • Budget and Timing • An estimated amount of US$77 million is available for Tier 1 from the EIF-TFM. The funding ceiling per country is set at US$2,000,000. Such a budget can be used for a period of five years for the following actions: • Pre-DTIS support up to US$50,000 • DTIS up to US$400,000 • DTIS update up to US$200,000 • Support to NIAs up to US$1,500,000 • LDC’s Eligibility • All LDCs participating in the EIF initiative are eligible • Approval Process • Formulation of project proposals • Appraisal and approval of proposals • Awarding • Execution Modalities • Option 1: LDC Government execution (strongly encouraged) • Option 2: Execution by one of the six EIF agencies or another entity • Monitoring & Evaluation • The day-to-day monitoring of activities will be ensure by The NIU/FP • Review and Evaluation • The EIF Board and the EIF Steering Committee may request that a Mid-Term review or an evaluation of specific Tier 1 projects be undertaken • TIER 2 PROJECTS • Type of Projects • Assistance to implement WTO or trade policy commitments • Project preparatory activities • Trade mainstream activities to integrate DTS into PRSPs • Capacity building activities • Formulation and implementation of sectoral and national export development strategies • Small projects to enhance the supply-side response of the country • Specific actions to enhancing SMMEs competitiveness • Assistance for WTO accession • Strengthening of trade support services • Preparation of sector-wide approaches (SWAP) for priority sectors • Budget and Timing • An estimated amount of US£320 million is available for Tier 2. Out of this, approximately half, i.e. US$160 million, will be borne by the EIF-TFM. • LDC’s Eligibility • All LDCs participating in the EIF initiative and having validated the DTIS are eligible • Approval Process • Formulation of project proposals • Appraisal and approval of proposals • Awarding • Execution Modalities • Option 1: LDC Government execution • Option 2: Non-LDC Government execution. Three main possibilities can be considered: (i) UN Agency; (ii) Other development agency; (iii) NGO, private sector, consulting firm, a research or academic institution • Monitoring & Evaluation • The day-to-day monitoring of activities will be ensured by the NIU/FP in coordination with the Executing Entity • Review and Evaluation: Review and evaluation modalities will vary depending on the LDC and the specific project’s content
TIER 1 Project Appraisal and Assessment Exercises Recommendations Memorandum (Incorporating both ES trade assessment and TFM fiduciary assessment)
IV TFM MAIN RESULTS
Status of donor contributions and commitments (as of June 15th, 2010)