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South Asia PRIMA Monitoring

South Asia PRIMA Monitoring. 2008 Fiduciary Forum. Roles of PRIMA in SARFM. PRIMA is the key depository of official investment lending data guided by: FM Manual SARFM Quality Guidelines (SARFM ARCS & IRIS Guidelines) Institutional memory for SAR & OPCFM Supervision planning & issues

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South Asia PRIMA Monitoring

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  1. South Asia PRIMA Monitoring 2008 Fiduciary Forum

  2. Roles of PRIMA in SARFM • PRIMA is the key depository of official investment lending data guided by: • FM Manual • SARFM Quality Guidelines • (SARFM ARCS & IRIS Guidelines) • Institutional memory for SAR & OPCFM • Supervision planning & issues • Trying to minimize use of ARCS as repository • Workflow, tracking, and tickler system

  3. SARFM Progress • All investment lending projects data • Revamping QA FMS roles • QA assigned by project, not by country • No hub concept • Matching PRIMA w/FM Assessments • Data scrubbing underway • Missing, incomplete, errors • Trouble shooting • FMR tracking in early stages

  4. Monthly Exception Reports • SARFM centrally distributes PRIMA reports • Missing FM risk rating, High risk projects • FM ISR ratings, Overdue supervision • Proactive and reactive, top down and bottom up • ARCS (~8 reports) • Missing initial data • Audits not received, reports received but not reviewed • Bank PRIMA Coordinator distributes ad hoc reports • Country systems, FMR required, Operational Review required

  5. FMSs Proactively Track Their Own Portfolios • Supervision due dates • FMR due dates • ISR rating differences • Missing risk ratings • High risk projects • Other

  6. Fiduciary Portfolio Reviews • Manager meets with country teams twice per year • Review all PRIMA and ARCS exceptions • Validate FM risk & ISR ratings • Note gaps, trends, inconsistencies • Explore staffing options • Rationalize risk & ISR ratings, workloads

  7. Roles of SARFM Staff in PRIMA

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