The Good Financial Governance in Africa programme promotes transparency and accountability in public financial management and is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union (EU). Its objective is to foster Good Financial Governance in Africa, more specifically to equip decision-makers in African public finance to use region-specific services, products and further education to improve financial governance.
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On 26 January 2018, the Good Financial Governance (GFG) networks further intensified their collaboration in the fight against Illicit Financial Flows. The partner networks are African Organisation of Public Accounts Committees (AFROPAC), African Organisation of Supreme Audit Institutions (AFROSAI), African Tax Administration Forum (ATAF) and Collaborative Africa Budget Reform Initiative (CABRI). The purpose of the meeting in Pretoria, South Africa was to operationalize the Memorandum of Understanding (MoU) which the networks had developed during the jointly organised Illicit Financial Flows conference in Yaoundé, Cameroon, in May 2017 and signed in Windhoek, Namibia, during the AFROSAI General Assembly. In vivid discussions, the networks agreed upon the rules of engagement regarding the implementation of the MOU, identified a joint activity for 2018, and further elaborated on the potential for growing the cooperation into a platform of engagement beyond 2019.
The meeting started off with the networks finalising the signing of the MoU. The purpose of the MoU is to promote cooperation between the networks in promoting the fight against IFF and advocating for transparency, accountability and good governance. The MoU will equally facilitate peer exchange and learning amongst members of the network and provide opportunities for specific actions in the areas of raising and management of public resources as well as their legislative and financial oversight.
Following the signature, all the partner networks presented their plans and strategies, before discussing the three objectives outlined above. The following points were the outcomes:
• The Networks agreed that one network would act as the secretariat for the GFG Network for the period of one year. AFROSAI has agreed to take on this responsibility for 2018.
• The networks will seek to undertake one joint activity in 2018. Piloting the CABRI Country Risk Profile Diagnostic Tool in three countries has been identified as a possible joint activity.
• Additionally, the networks agreed to explore a more strategic and institutionalized coordination in the medium to long term. This could include intensified engagement at three levels: 1) The Network Secretariats on operational topics, 2) The Governing Boards on strategic steering topics, and 3) hosting an annual joint GFG Conference as a platform to speak with one voice to the African Union.
The signatories of this Memorandum of Understanding will reconvene in March 2018 to review the Country Risk Profile more in detail and continue their conversation about the future of the engagement. The GIZ Good Financial Governance Programme will continue to support this important work.