Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt, South Korea cooperate on capacity building for public finance management
The three-year programme consists of capacity-building sub-programmes that will run till 2024.
Published in Daily News Egypt on 15 - 08 - 2022

The Korea International Cooperation Agency's (KOICA) office in Egypt — in partnership with the Korea Institute for Development Strategy (KDS) — kicked-off an online country training programme for the Ministry of Finance titled 'Capacity Development of Public Financial Management' from 1 to 11 August.
The three-year programme consists of capacity-building sub-programmes that will run till 2024.
On 10 August, KOICA Egypt and the Ministry of Finance hosted a closing ceremony for the first batch of trainees. The ceremony was attended by Ahmed Ashraf Kouchouk, Vice Minister of Finance for Fiscal Policies and Institutional Reform; Choi Byoung Sun, Minister Plenipotentiary from the Embassy of the Republic of Korea; Kim Jinyoung, KOICA Egypt's Country Director; and Doaa Hamdy Mounir, Head of the International Affairs Department.
During the ceremony, Kouchouk congratulated the trainees, saying that "this capacity building programnme is significant in enhancing the efficiency and effectiveness of the Ministry of Finance's employees, as extracting lessons from South Korea's success story is beneficial for any country in its path towards development."
"The action plans developed by the trainees during the training will recieve great attention from the ministry. In this regard, a series of meetings will be conducted with the trainees to determine the ones that match the ministry's current strategy, and the ministry will follow up with the implementation."
For his part, Choi said: "This training comes in light of the Korean government's designation of Egypt as a priority development partner during the period from 2021 to 2025."
"This is the start of further cooperation to enhance and expand the scopes of the partnership between the two governments," he added.
"I was very pleased listening to all the action plans presented by the attendees," said Kim.
"Especially because public finance management and procurement are two things that cannot be separated. We hope this training programme can synergise with a joint project with the ministry for enhancing the e-procurement system."
Furthermore, Hamdy commented that "the trainees were very satisfied with the outcomes of the programme," expressing her hope to continue cooperating with the Korean side.
This training was designed to seek a sustainable plan to implement public financial management reforms by determining the current state of improvement in the organisation and system; explore effective means of operation of financial management and improving human resources management; and improve the professional competence, leadership, and accountability of mid-level officials for the integrated management of public finance management reform.
The training included workshops and lectures which covered Korea's financial management systems and modernisation of the taxation and customs systems, in addition to lectures discussing topics such as innovation in the government procurement system and financial auditing.
The participants also developed action plans for the issues identified in the country report by incorporating knowledge and experiences from the training.
The trainees expressed their gratitude for the programme and their feeling of achievement for completing the intensive courses, learning from the invaluable experiences that South Korea went through.
Furthermore, KOICA and the Ministry of Finance are planning on embarking on a project for enhancing the e-procurement system in Egypt. This project aims to build an electronic procurement system that can increase the efficiency and transparency of the public procurement process.
KOICA and the Ministry will also re-engineer the business process to ensure that it is aligned with the institutional framework and develop a roadmap for the delivery and implementation of the new system across the public sector.
Moreover, the Korean government will continue to support the Egyptian government's efforts to strengthen public finance management through capacity-building programmes and technical cooperation projects.


Clic here to read the story from its source.