MFSI Project II

As of 1 October 2011, IBSER has been implementing the Municipal Finance Strengthening Initiative (MFSI-II) Roll-out Project with support of the United States Agency for International Development (USAID)

The goal of the MFSI-II Project consists in:

  • improving the effectiveness and transparency of public spending through the introduction of the Performance Program Budgeting method of local budget preparation and execution, participation in the implementation of citizens’ budget;
  • implementation of Extractive Industries Transparency Initiative (EITI);
  • realization of participatory budgeting in 48 cities selected on a competitive basis; and
  • improving awareness of the public about the process of state budgeting, revenues and expenditures through preparation and release of periodical publications on a monthly, quarterly, and annual basis.

At the national level, the Project is assisting the Ministry of Finance of Ukraine, other government ministries, and relevant committees of the Verkhovna Rada in the matters of improving the current legislation, developing methodologies, and introducing the regulations to address local socioeconomic development and implementation of an effective and transparent budgeting system.

At the local level, MFSI-II is delivering training for local governments and local offices of the State Treasury and is providing consultations on the issues of development and implementation of PPB-based budget programs and the introduction of an energy expenditures monitoring system. 
 
The Project is working with partner cities to improve the capacity of municipal utilities in terms of modern financial analysis and planning. Among other things, a methodology has been developed for the staff of municipal utilities to undergo training and receive consultations as part of the implementation of developed projects in population centers.