CARLEP Conducted Meeting on Project Finance Management

November 18th, 2019

The meeting on Project Financial Management organized by Office of the Programme Management(OPM) was conducted on 14th – 16th November 2019 at Wangchuk Hotels and Resort conference hall, Mongar. The meeting was attended by CARLEP accountants, and Dzongkhag finance officers from six eastern Dzongkhags, Agriculture Research and Development Center (ARDC) Wengkhar, Regional Agriculture Marketing and Cooperative office (RAMCO), Regional Livestock and Development Center (RLDC)-Kanglung and Koufuko International Limited(KIL). The meeting was held with the following objectives:

  • To bring together all CARLEP accounts personnel of six eastern Dzongkhags and regional offices to update on some of the new initiatives and development in the management process and system of IFAD – As per the recommendation of IFAD
  • To provide an opportunity to discuss and deliberate on emerging issues and challenges faced by CARLEP finance personnel
  • To determine taxes claimed to IFAD (Project have claimed all the taxes to IFAD from FY 2015 till date which is not permissible as per the financing agreement signed between RGoB and IFAD – As per the recommendation of IFAD
  • To create sensitization on the revised Statement of Expenditure (SoE)
  • To update on e-Learning course on the financial management of IFAD (Online certificate will be issued if scores above 70 % ) – As per the recommendation of IFAD
  • To update the financial progress report from FY 2015-2016 till date
  • To update the contractor and asset register book from the inception of the project till date – As per the recommendation of IFAD

With an accomplishment of a three-day meeting, the programme looks forward to having the same kind of cooperation throughout.

reported by : Chhimi Lhamo, GKMO

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