$20: to modernize the management of public sector finances of Guatemala

The World Bank’s Board of Directors today approved a $20 million loan in additional financing to support Guatemala’s efforts to modernize the management of public sector finances. This work seeks to amplify the impact and development effectiveness of a project which is currently under implementation.

Thursday, March 27, 2008

“Additional financing through this project will help Guatemala continue to make progress in terms of improving the management of its investments in social services and basic rural infrastructure so that the programs benefit poor people,” said Laura Frigenti, World Bank Director for Central America. “Providing government officials with timely information on budget commitments will improve efficiency of public sector delivery.”
The project will help the government expand and complete its public sector modernization work in the areas of public expenditure, fiscal and financial management, as well as to strengthen its control systems and further implement its e-government strategy and continue progress under the previous project.

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$20: to modernize the management of public sector finances of Guatemala

March 2008

The World Bank’s Board of Directors today approved a $20 million loan in additional financing to support Guatemala’s efforts to modernize the management of public sector finances. This work seeks to amplify the impact and development effectiveness of a project which is currently under implementation.

“Additional financing through this project will help Guatemala continue to make progress in terms of improving the management of its investments in social services and basic rural infrastructure so that the programs benefit poor people,” said Laura Frigenti, World Bank Director for Central America. “Providing government officials with timely information on budget commitments will improve efficiency of public sector delivery.”

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