Minsk, Belarus
Members of the BCOP met in Minsk, Belarus in June, 2011 to examine the capital budgeting practices in a number of countries at different stages of reform implementation with a view to determining better practices that could be implemented within the PEMPAL member countries.
Date: June 14-17, 2011
Location: Minsk, Belarus
Objectives:
- review capital budgeting practices in PEMPAL member countries and to discuss options on how to improve them;
- identify key benchmarks for effective capital budget planning, prioritization and implementation;
- discuss obstacles in capital budgeting reforms and potential options to remove them.
- disseminate information on good practices and participate in discussions on how to apply those practices within PEMPAL member countries.
Discussion:
- The current financial crisis has seriously affected capital budgets in many PEMPAL countries.
- Many weaknesses in organization and regulation contribute to inefficient solutions in capital budgeting processes.
- The roles of finance and line ministries are now being more clearly defined.
- Key pillars of every capital budgeting are the following:
- Asset inventory.
- Strategic planning. There is no one-fits-all approach to strategic planning.
- Project identification and selection process.
- Project budgeting.
- Project monitoring and evaluation.
- Dialogue with politicians.
- Capital project filtering.
- Training.
Target Group: LIST OF PARTICIPANTS
Language:
The meeting was conducted in English with simultaneous interpretation into Russian and Serb-Croat.
Contact:
Questions or requests for additional information may be addressed directly to Ms. Bojana Crnadak, PEMPAL Secretariat.
