REVIEW: Financial
management
lFFA procedures efficient and effective
Issues: Decline in the US$ 2007-mid 2008 created significant problems, requiring some reallocations of budgets.
Loss in the value of the Project budget and staff (esp SPC’s scientific assessment and monitoring).
Issues: Decline in the US$ 2007-mid 2008 created significant problems, requiring some reallocations of budgets.
Loss in the value of the Project budget and staff (esp SPC’s scientific assessment and monitoring).
lLoss in the value of the budget effectively
managed by increasing co-financing.
lRecent strengthening of US$ against AU$
(Oct 08: 15%) should reverse this trend in second term.
lLeverage funding substantial and further external funds
expected.
Will greatly assist sustainability of the Project.
Will greatly assist sustainability of the Project.
lNOTE ALSO:
lOVERALL COST/EFFECTIVENESS, RISK
ASSESSMENT AND ADAPTIVE MANAGEMENT RATED HIGHLY.
lMTE UNABLE TO SEPARATIE/EVATUATE GEF
FUNDING COMPONENT BECAUSE OF EXTENSIVE CO-FUNDING.
lCO-FINANCING AND CONTRIBUTIONS IN KIND
OF THE REGIONAL PARTNERS NOT POSSIBLE TO EVALUATE IN MTE.