Our Donors

The Centre was jointly established in 1993 by the United Nations Development Programme and the International Monetary Fund as a UNDP project (Fiscal and Monetary Management Reform and Statistical Improvement (EFMAR--Module 1)). Apart from contributions from these two institutions, funding was received from the Asian Development Bank for training purposes. The financial contributions were held and administered in a PFTAC account with UNDP in New York. Following the successful completion of the initial trial phase, the two founding members committed themselves to the extension of the project over another three-year period from 1996 to 1998 (Phase II).

At the same time, the Asian Development Bank increased their contribution and broadened their support to all principal budget positions, taking on the full financing of the Public Financial Management Advisor. In addition, the aid institutions of Australia (AusAID) and New Zealand (NZODA; now: nzaid) entered the project as donors with significant contributions. In late-1998, the project was extended for another three-year period under the same project document (Phase II - Extension).

Following the withdrawal of UNDP from the project in 2001 as a result of tight finances and a reassessment of priorities, the Project was re-constituted in July 2002 as an IMF-based project within the IMF's Framework Administered Account for Technical Assistance Activities. Given the high demand for the Centre's services, efforts are under way to gain support from additional donors.

At the outset of the IMF-based PFTAC project period (July 2005 - June 2008), the following donors supported the Centre:

International Monetary Fund (IMF) http://www.imf.org
Asian Development Bank (ADB) http://www.adb.org
Australian Agency for International Development (AusAID) http://www.ausaid.gov.au
New Zealand Agency for International Development (nzaid) http://www.mfat.govt.nz/nzoda/nzoda.html
Japanese Government http://www.mof.go.jp/english/
Korean Government http://www.korea.net