Finance Ministry Gets $24 Million to Transform Operations
By: , March 3, 2015The Key Point:
The Facts
- The project, which commenced in August 2014, seeks to effect the transformation through adoption of a new organisational structure to improve efficiency and effectiveness, as well as build capacity and develop change and culture management, through training programmes.
- The project, which is slated to end in July 2017, is being financed by the Inter-American Development Bank (IDB) and United Nations Development Programme (UNDP).
The Full Story
The Ministry of Finance and Planning will continue work this year to transform its operations into a high performing Centre of Excellence with an allocation of just over $24 million, set aside in the 2015/16 Estimates of Expenditure, now before Parliament.
The project, which commenced in August 2014, seeks to effect the transformation through adoption of a new organisational structure to improve efficiency and effectiveness, as well as build capacity and develop change and culture management, through training programmes.
It is envisaged to achieve this through the reorganisation of the Ministry; further enhancing staff competencies and capabilities; and implementing change management.
Anticipated targets for 2015/16 include: development of a programme implementation plan at a cost of $1.7 million; initiation of business process re-engineering – $4.5 million; design and implementation of a change management plan – $6.9 million, as well as a communication plan – $4.4 million.
The project, which is slated to end in July 2017, is being financed by the Inter-American Development Bank (IDB) and United Nations Development Programme (UNDP).