The overall objective is to contribute to the effective and efficient implementation of the National Development Strategy (long term development strategy) and subsequent Poverty Reduction Strategy (medium term development strategy), particularly in the areas of Civil Service Reform and Public Finance Management. After its implementation it is expected that
- the Financial Institute under the Ministry of Finance will undertake both initial and post graduate education to meet the knowledge requirements of public financial staff and
- the quality of training will reach international standards, as reflected by international recognition of diplomas and certificates issued by the Financial Institute (potential future Financial Academy).
The project is divided in six components:
Component 1: Support the Financial Institute in designing its business plan and management
- Support the development of the business plan of the Financial Institute and develop the management capability so as to be able to fulfil the enhanced role of the potential future Financial Academy
Component 2: Provide support in the development of training plans
- Develop training plans and the pedagogical content of the courses, including the use of case studiesEstablish public finance management modules;Develop certificate and/or diploma programmes for financial management trainers
Component 3: Assist in the development of links with foreign training institutes, including exchange of teachers and students and mutual recognition of diplomas and certificates delivered
Develop and document strategy for international linkages, establish international partnershipsOrganise study tours for academic staff and initiate action for cross recognition of qualifications
Component 4: Support in the preparation and delivery of training modules
- Improve teaching methodologyUpgrade the distance learning offer to make enhanced use of modern technology and web based learningProduce teaching material for public finance management course and academic staff trained in all areas of PFMImprove the Financial Institute's web site and electronic document management system
Component 5: Develop sustainability mechanisms both at the technical and financial level
- Implement a sustainability strategy which includes enhancing the rewards for staff, partnerships with other private and public sector entitiesDevelop actions to ensure adequate financial resources for the Financial InstituteDevelop a private partnership for delivering training (with banks, other Financial institutions and international partners)
Component 6: Create a Monitoring and Evaluation (M&E) System with feedback mechanisms that enables assessment of the quality and the sustainability of the transfer and acquisition of knowhow from the international advisers to the Tajik staff of the Financial Institute
- Establish a monitoring and evaluation structureTrain staff in M&E using the identified indicators, benchmarks and methods of measurement
- Document a transfer of knowledge strategy, as well as a coordination strategy agreed with the Financial Institute, the Ministry of Finance and the Public Finance Management Modernization Project