Korea, Egypt successfully commenced cooperation on capacity building for Public Finance Management

CAIRO – 15 August 2022: Korea Worldwide Cooperation Company (KOICA) Egypt Workplace, in partnership with Korea Institute for Improvement Technique (KDS), has performed a web-based nation coaching program for the Ministry of Finance entitled “Capability Improvement of Public Monetary Administration for the Ministry of Finance Leaders” from August 1st to the eleventh. This program consists of 3-year consecutive capacity-building packages, beginning this yr and persevering with as much as 2024.

On the tenth of August, KOICA Egypt Workplace and Ministry of Finance hosted a closing ceremony for the primary batch of trainees. The ceremony was attended by Dr. Ahmed Ashraf Kouchouk, Vice Minister of Finance for Fiscal Insurance policies and Institutional Reform, Mr. Choi Byoung Solar, Minister Plenipotentiary  from the Embassy of Republic of Korea, Mrs. Kim Jinyoung, KOICA Egypt Workplace Nation Director, Ms. Doaa Hamdy Mounir, Head of Worldwide Affairs Division and varied different heads of departments.

The ceremony began with a second of silence, commemorating the victims of the current heavy flood occurred in Seoul, capital of South Korea, as requested by Dr. Ahmed Kouchouk. 

Throughout the ceremony, Dr. Ahmed Kouchouk congratulated “This capability constructing program is important in enhancing the effectivity and effectiveness of the Ministry of Finance’s staff, as extracting classes from South Korea’s success story is useful for any nation in its path in direction of growth.” He added “The motion plans developed by the trainees in the course of the coaching interval will get nice consideration from the Ministry. On this regard, a collection of conferences can be performed with the trainees to find out those that match the Ministry’s present technique and the Ministry will observe up with the implementation.”

Mr. Choi Byoung Solar said, “This coaching is available in gentle of the Korean Authorities’s designation of Egypt as a precedence growth associate in the course of the interval from 2021 to 2025.” He added, ”That is the beginning of additional cooperation to boost and increase the scopes of the partnership between the 2 governments.”

“I used to be more than happy listening to all of the motion plans offered by the attendees” said Mrs. Kim, the newly appointed Nation Director of KOICA Egypt Workplace, “particularly as a result of PFM and public procurement are two issues that can not be separated, we hope this coaching program can synergize with a joint mission with the ministry for enhancing e-procurement system.”

Ms. Doaa Hamdy, Head of Worldwide Cooperation from the Ministry of Finance, additionally commented, “The trainees had been very glad with the outcomes of this system. We hope to proceed this pleasant cooperation for the long run as properly.”

Twenty mid-level officers attended the coaching, which was held within the Ministry. This coaching was designed to 1) search a sustainable plan to implement Public Monetary Administration reforms by figuring out the present state of enchancment within the group and system, 2) discover efficient technique of operation of monetary administration and bettering human sources administration, 3) enhance the skilled competence, management and accountability of mid-level officers for the built-in administration of PFM reform.

The coaching included workshops and lectures which coated Korea’s monetary administration programs and modernization of the taxation and customs system, along with lectures discussing matters equivalent to innovation within the authorities procurement system and monetary audit. The individuals additionally developed motion plans for the problems recognized within the nation report by incorporating information and experiences from the coaching. Trainees expressed their gratitude to this system and achievement with achievement all through the intensive programs, studying from the invaluable experiences that South Korea went by way of.

 

Moreover, KOICA and the Ministry of Finance are planning on embarking on a joint mission for enhancing the e-procurement system in Egypt. This mission goals to construct an digital procurement system that may improve the effectivity and transparency of the general public procurement course of. KOICA and the Ministry may also re-engineer the enterprise course of to make sure that it’s aligned with the institutional framework, and develop a roadmap for the supply and implementation of the brand new system throughout the general public sector.

Korean Authorities will proceed to help Egyptian authorities’s efforts to strengthen public finance administration by way of capacity-building packages and technical cooperation mission.