October 2014 - The Operational Assessment of the financial circuits of Ukraine on behalf of DG ECFIN was completed. This was requested by the EC as a matter of urgency following the decision made to support the transitional government.
This assignment was carried out within the Framework Service Contract ECFIN/012/2011 for Operational and PEFA Assessments. Our experts joined a World Bank PEFA team on behalf of DG Economic and Financial Affairs (ECFIN). The following PEFA indicators were covered by our experts:
Internal audit:
External Scrutiny and Audit:
Inter Governmental Finance:
Donors practices:
Customs part of revenue related indicators (excluding the tax administration side):
4Assist associates, together with our consortium partners BDO (UK), carried out an EU Operational Assessment in Ukraine.
Operational Assessments are launched by the Directorate General of Economic and Financial Affairs (DG ECFIN) in order to assess the financial circuits of partner countries eligible for Macro-Financial Assistance (MFA) programmes. The MFA is a form of extraordinary financial (budgetary and balance of payments) support offered to pre-candidate and candidate countries to the EU, as well as countries of the European Neighbourhood.
This is the second such assessment in Ukraine in recent years which will lead to significant financial support for Ukraine.
Since 2011, our consortium has carried out Operational Assessments in the Kyrgyz Republic, Egypt, Jordan, Tunisia, Moldova and Georgia. 4Assist highly values the continued confidence of DG ECFIN in undertaking these critical assignments.