Clear Obstacles for Counterpart Funds
By LUKONG Pius, Cameroon Tribune, 23-01-2014
Counterpart funds or better still the State share of finances
earmarked for projects have often been accused of compromising the
effective execution of development projects in the country.
One of the major reasons given for this state of affairs is the long and
complicated procedure in disbursing expenditure for the benefit of the
said projects.
For most of the projects the disbursement is effective
only in the second or third quarter of the budgetary year. As if that
were not enough, the absence of enough financial resources in the public
treasury sometime leads to fragmented disbursements leading to
unfortunate delays in the execution of projects.
The
consequences have often been telling. A point in case is the extended
vaccination programme wherein government often pays in counterpart money
later than the agreed date of September. Against this backdrop, each
year, the programme is threatened with failure. Several other examples
exist. Donor organisations have not been comfortable with this situation
and as such some would rather withhold their share of financing till
the counterpart money is effectively paid out for the projects to begin.
The
government itself has been worried and this explains why an audit of the
situation had to be organised. This had to do with screening all
sectors involved in the process.>>>
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