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Managing Fiduciary Risk in relation to Poverty Reduction Budget ...

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Managing Fiduciary Risk in relation to Poverty Reduction Budget ...

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    1. Paul Welton Senior Policy Adviser Financial Accountability and anti-Corruption Team CIPFA conference 16 June 2005 Managing Fiduciary Risk in relation to Poverty Reduction Budget Support

    3. Introduction

    4. What is Fiduciary Risk ?

    5. How does DFID address FR?

    6. Fiduciary risk assessments (FRAs)

    7. 8 Good practice principles

    8. ….addressing the risk of corruption

    9. ….. how to assess whether a programme of improvement is “credible”

    10. 5 Key Messages: A mandatory FRA, is included in all PRBS submissions DFID promotes a harmonised approach DFID does not require partner countries to meet a minimum standard of PFMA performance for PRBS FRAs subject to central support & scrutiny process High risk does not necessarily preclude the provision of PRBS – what is critical is that risk is thoroughly evaluated & clearly presented

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