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June 15, 2012

PEFA NewsFlash No. 19 - PEFA Steering Committee launching Phase IV of the Program

PEFA Steering Committee launching Phase IV of the Program

The PEFA Steering Committee met for its ordinary six-monthly meeting on June 11-12, hosted and chaired by the World Bank. The meeting confirmed that all arrangements are in place for the transition to Phase IV of the Program, which will commence on July 1, including:

  • Approval of the publication of the PEFA Phase IV Program Document;  click on the link to access the [program document]
  • Confirmation of the establishment of the new trust fund to finance Phase IV;
  • Signing of the first agreement for contribution to the trust fund with SECO Switzerland to the tune of USD 3,588,000 for the five years of Phase IV;
  • Change of PEFA Secretariat management – Frans Ronsholt is leaving after more than six years as Head of Secretariat. Phil Sinnett has been appointed to succeed Frans as Head; he is well known to most PEFA Stakeholders, having joined the Secretariat in September 2009.  

The Steering Committee also took stock of the achievements during Phase III and discussed the work plan and budget for fiscal year FY13 (July-June) including a number of ongoing activities which will be carried over from Phase III.

The meeting ended with a toast of thanks to Frans for his vision for the Program, the tremendous contribution he has made to the success of Phases II and III, and his effective leadership of the Secretariat over the past six years: the Steering Committee also wished him every success in his future endeavors.

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