Locations
Slovak Partnership: Public and Private Finance for Development
Background
The project is based on the Public Finances for Development programme launched in 2009 and was further developed to include a component of private development financing. The Public and Private Finance for Development project launched in 2017, with a second phase starting in 2020. It is aimed at supporting partners in improving their public finances, through technical assistance and capacity building, primarily by Ministries of Finance and their departmental organizations and municipalities.
The project also deals with increasing the rate of private financing of development projects and the involvement of the private sector in development cooperation, preferably by supporting the preparation of larger development investment projects and assistance in finding financing for these projects. The support is implemented through a dedicated facility for resource mobilization, which is financed only by the funder of this project.
Objectives
- Strengthen the capacities of national public finances in partner countries by effectively providing Slovak knowledge and experience
- Increase the capacity of the private sector to participate in development cooperation in order to mobilize financial resources, knowledge, expertise and technology
- Strengthen the capacities of Ministry of Finance of the Slovak Republic officials in the management of Slovak development cooperation
Major Achievements
- 23 concrete initiatives to support the public finances management reform or improvement launched in five countries.
- 40 policies, laws, recommendations, etc. have been developed for governments in partner countries related to public finances at the national and/or local level. Most of them were adopted or are under the process of adoption.
- 40 solutions (feasibility studies, sectoral studies, financing models, etc.) developed through RMF funding were ready. Based on them, 9 investment projects were implemented.
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