The Ministry of Finance has implemented a readiness filter to solve the problem of project delays when preparations are made only after the financial agreement.
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The government has now adopted a policy of receiving foreign aid only for projects that have been adequately prepared. The Ministry of Finance has prepared and implemented the evaluation checklist (readiness filter) related to foreign aid.
Such a step was taken after questions were raised about the effectiveness of foreign aid due to the problems of delaying the work, extension of the deadline and the expected return not coming in time when the project was carried out without prior preparation.
According to the Ministry of Finance, most of the current foreign aid projects have not been completed on time because preparations are made only after the financial agreement. This has adversely affected the ability to use foreign aid, so selection of future projects has been made more strict. No project proposal will be sent without preparing a concept paper along with implementation of
readiness filter. In the concept paper, the justification of the project, analysis of needs, expected achievements, activities, estimated cost and time, implementing agencies, coordination mechanisms, innovations and good practices must be kept. A feasibility study should also be attached if necessary.
Similarly, the action plan related to project preparation should also be attached. Before sending the project proposal to the development partner, the government agencies will have to get approval from the project recommendation committee. Prior approval of the Council of Ministers is mandatory for loans with conditions restricting competition and loans other than concessions.
In a statement released by the Ministry of Finance, it is said, "For projects with sufficient preparation, Foreign Aid Mobilization Readiness Assessment Check List (Readiness Filter) 2082 has been implemented to complete the project within the specified time and cost. It is expected to manage project preparation, maintain quality, strengthen inter-agency coordination and organize cooperation with development partners.
This check list is applicable to both projects implemented through multilateral partners and programs operated by bilateral development assistance, the ministry has clarified.
