cover image: Final Fiduciary Systems Assessment - Bhutan Human Capital Recovery and Resilience Project - P174399 (English)

20.500.12592/230hz5

Final Fiduciary Systems Assessment - Bhutan Human Capital Recovery and Resilience Project - P174399 (English)

12 Jan 2022

The accounting and financial reporting obligations are mandated by the Public Finance Act of Bhutan 2007 and specified in the Finance and Accounting Manual (FAM) of Financial Rules and Regulations (FRR) 2016 which lays down the principals of accounting and the mechanism for management of Government funds including the banking arrangements and other important elements of accounting. [...] The PRR requires the Procuring Agencies to observe 10 (ten) days of standstill period from the date of the issuance of letter of intent to award to allow the bidders to lodge complaint if aggrieved by the decision of the tender committee. [...] The responsibility for the implementation of the Program under the Financing Agreement, will include the primary responsibility for preventing and combating fraud and corruption, rests with the Royal Government of Bhutan (RGoB)2. [...] For purposes of Sections 6(f) and 7(b) of the Anti-Corruption Guidelines (ACG) of the Bank, the IA confirms that in the event that the Bank decides to conduct its own inquiry into allegations or other indications of fraud and corruption in connection with the Program, the MOLHR and MOE. [...] The MOLHR and MOE have agreed the following arrangements in accordance with the ACG of the Bank: • The MOLHR and MOE will document the process of informing the ACC of allegations of fraud and corruption.
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Authors

Denisova,Anastasiya

Disclosure Status
Disclosed
Doc Name
Final Fiduciary Systems Assessment - Bhutan Human Capital Recovery and Resilience Project - P174399
Originating Unit
Health Nutri & Population SAR 2 (HSAHP)
Published in
United States of America
Rel Proj ID
BT-Bhutan Human Capital Recovery And Resilience Project -- P174399
Unit Owning
Social Protection & Labor SAR (HSASP)
Version Type
Buff cover

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