MF SR development cooperation activities

Public Finance for Development: Strengthening Public Finance Capacities in the Western Balkans and Commonwealth of Independent States

The original Programme document was approved by partners – the Ministry of Finance of the Slovak Republic (MF SR) and the United Nations Development Programme Bratislava Regional Centre (UNDP BRC) – on 22 June 2009. In September 2009 the Programme: Public Finance for Development: Strengthening Public Finance Capacities in Western Balkans and Commonwealth of Independent States (“Programme”) was launched. The Programme is financed by the Ministry of Finance of the Slovak Republic (MF SR) and is implemented by the UNDP Bratislava Regional Centre (UNPD BRC) in close partnership with MF SR.

The Programme seeks to strengthen and enhance national capacities in the area of public finance, for governments as well as economic institutes, NGOs, media, researchers, universities in the countries of the region.

The objective of the Programme is to strengthen capacities for sound and efficient public finance management in selected countries of the region by means of sharing knowledge, experience and lessons learned with countries that had recently entered the European Union. It aims to:

(1)  Develop analytical capacity and build skills in the area of public finance reform for poverty reduction, jobs creation and social inclusion (Component 1);

(2)  Increase awareness and understanding of public finance concepts for poverty reduction, human development and social inclusion (Component 2); and

(3)  Share knowledge, disseminate information, and improve outreach (Component 3).

The geographical coverage includes countries from the Western Balkans and the CIS.

The original duration of the Programme of 36 months (from July 2009 till June 2012) was extended by 24 months in December 2011, i.e. period starting from July 2012 until June 2014. The budget allocated for the first phase (1,05 mil. USD) was increased by 800 thousand USD.

The initial stage of the Programme implementation was devoted to identification of country’s public finance needs and priorities. The identification phase was based on a needs driven approach, when areas of assistance were selected jointly with beneficiary institutions to ensure that Programme interventions target needs of the highest priority for partner countries and are in line with public finance capacities of the Slovak Republic. Needs identification included the survey conducted among 13 countries in the region that belong to priority countries of the Slovak Official Development Assistance according to The Medium-term ODA Strategy for 2009 – 2013 (1) and more detailed profiles of 6 countries (Belarus, Moldova, Montenegro, Serbia, Ukraine and Uzbekistan) were prepared, including initial proposals for areas of assistance to be addressed by the Programme. Based on the assessment of country profiles and by matching country’s needs with existing capacities of Slovakia in public finance management (PFM), three countries were selected by the Programme Board (PB) in February 2010 as Programme beneficiaries: Montenegro, Moldova and Serbia. In January 2011 Ukraine was included by the Programme Board among beneficiary countries as well. Since their selection by PB, negotiations with four countries have been conducted in order to better specify their needs and agree on the PFM areas of assistance to be supported by the Programme.

Useful links:

(1) Medium-Term Strategy for ODA of the Slovak Republic 2009-2013 approved by the Slovak Government resolution no.170/2009

The Slovak Republic – EBRD Technical Cooperation Fund

In accordance with the Governmental Resolution of the Slovak Republic No. 358 of 13 May 2009 was established “The Slovak Republic – EBRD Technical Cooperation Fund”. The agreement was signed on 3 July 2009 in Bratislava.

In the first bilateral agreement with the EBRD, the Ministry of Finance of the Slovak Republic provided EUR1 million to the new donor Fund, which may be replenished with additional financings at any time.

The purpose of the Fund is to finance the provision of advisory services and technical assistance in respect of projects financed, or to be financed, by the EBRD within the framework of the EBRD’s mandate in the Beneficiary Countries. 

This tied Fund is assigned for Slovak nationals - individual consultants or firms - registered in the Slovak Republic.

Beneficiary Countries: Albania, Armenia, Azerbaijan, Belarus, Bosnia & Herzegovina, Croatia, Georgia, Kazakhstan, Kyrgyz Republic, FYR Macedonia, Moldova, Mongolia, Montenegro, Serbia, Tajikistan, Turkey, Turkmenistan, Ukraine and Uzbekistan.

With regard to the Slovak donor´s activities at the EBRD the Ministry of Finance of the Slovak Republic has organised several seminars/workshops for the Slovak consultants / firms / business sector