MINECOFIN

MINISTRY OF FINANCE AND ECONOMIC PLANNING

REPUBLIC OF RWANDA

Kenya and Rwanda share Public Finance Management best practices

Posted on 15.05.2017

The Ministry of Finance and Economic Planning last week hosted a delegation of nine officials from the National Treasury of Kenya who were on a 5 day official visit to benchmark the Government of Rwanda  Public Finance Management practices in the areas of Financial Reporting, Cash Management and the Integrated Financial Management Information Systems (IFMIS) implementation. 

Led by Mr. John Wala, the Director General in charge of Financial Reporting, the Kenyan team covered the specific areas including;

•Organization and responsibilities of the Accountant General’s Office and its units

•Use  of the Public Accounts unit (PAU) Electronic Working Paper ( PAU EWP) Application

•IFMIS Implementation: The Rwanda Experience/Kenya Experience

•Management and operation of the IFMIS help desk

•Quality review of entity financial statements and the feedback process  

•The Monitoring of entity Bank Reconciliations and the TSA reconciliation process;

•Steps taken towards Migration to the accrual basis of Accounting.

•The  consolidation Process of government accounts

•Reporting obligations of the state enterprises including the organization of the Government business Portfolio Management Unit.

•Organization of cash management and banking arrangements – The Rwanda Experience/Kenya Experience

Speaking at the end of the visit, Marcel Mukeshimana, the Accountant General noted that the study visit was an excellent opportunity for the continued South – South cooperation that was mutually beneficial towards the strengthening of country PFM systems.

“There is need for continued cooperation as it will serve well the two countries in their future implementation effort of the various PFM reforms being undertaken by their governments,” Mr. Mukeshimana said.

Speaking on behalf of the Kenyan Delegation, Mr. Wala acknowledged the positive gesture, effort and level of organisation that was put in to make the program such a success.

“We have picked several best practises that we hope will improve financial reporting back home. We thank the Government of Rwanda for enabling us to meet the objectives of our mission,” Mr. Wala said

The IMF East Africa PFM Advisor, Mr Paul Seeds acknowledged the willingness and effort taken to ensure that the program was beneficial to both countries. He pledged continued support from the IMF East Africa in all aspects of their country PFM reforms. 


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