Enhancing Teacher Effectiveness in Bihar Operation : Fiduciary Systems Assessment

An integrated fiduciary assessment has been carried out to evaluate the arrangementsrelevant to the Bihar Teachers Education Program to determine whether they provide reasonableassurance that the Program funds will be used for their intended purpos...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2016
Subjects:	PROCUREMENTS OPERATIONAL BUDGET WITHDRAWAL HOLDING EQUIPMENT DISCLOSURE OF INFORMATION ACCOUNTING CONTRACTUAL OBLIGATIONS CORRUPT FINANCIAL MANAGEMENT FINANCING STOCK PUBLIC DISCLOSURE INFORMATION SYSTEM INTEREST GOVERNMENT OPTION TREASURIES SERVICES BANK ACCOUNT INFRASTRUCTURE DEVELOPMENT DISCLOSURE REQUIREMENTS FINANCIAL STATEMENTS SANCTIONS BUDGETARY FRAMEWORK PROSECUTION FINANCIAL STATEMENT SALARIES FINANCIAL MANAGEMENT SYSTEMS FRAUDS CORRUPTION BUDGETING PAYMENTS NEGOTIATION INFORMATION SYSTEMS LACK OF COMPETITION TREASURY BILL AUDIT COMMITTEE DISPUTE RESOLUTION CONTRACT AWARD INFORMATION BUDGET DISPUTE RESOLUTION MECHANISMS SETTLEMENTS MANDATE DISPUTE RESOLUTION MECHANISM PUBLIC INFORMATION DISBURSEMENT COMMERCIAL BANK EMBEZZLEMENT CONTRACTS FINANCES TRIAL INITIATIVE PAYMENT FINANCIAL REPORTING CONTRACT MANAGEMENT FINANCIAL FLOWS SETTLEMENT WITHDRAWAL OF FUNDS NEGOTIATIONS FINANCIAL MANAGEMENT SYSTEM COMMERCIAL BANKING ALTERNATIVE DISPUTE RESOLUTION FINANCE EXPENDITURE AUDITOR INTEGRITY GOOD ACCOUNTABILITY JURISDICTION PROCUREMENT FRAUD POLICIES AUDITORS TRANSPARENCY TURNOVER STATUTORY REQUIREMENTS BANK INVESTIGATION PAYMENTS TO VENDORS BUDGETS FINANCIAL MANAGEMENT CAPACITY ANTI-CORRUPTION CONTRACT EXPENDITURES ALLOCATION OF FUNDS BIDS SANCTION CASH MANAGEMENT ACCOUNTANT ASSETS POLICY TREASURY BANK ACCOUNTS BIDDING GOVERNANCE SHAREHOLDERS GOODS ANTI- CORRUPTION PROCUREMENT PLAN STATE GOVERNMENTS SECURITY COMPLAINTS AUDIT COMMITTEES INVESTMENT HUMAN RESOURCES SHARE ABSORPTIVE CAPACITY ORGANIZATION RESOLUTION MECHANISMS INTERNAL AUDIT FINANCIAL CAPACITY DECENTRALIZATION BID INSTITUTIONAL DEVELOPMENT COMPLAINT REVENUE LAW RESOLUTION MECHANISM EXTERNAL FINANCING AGREEMENT PROCUREMENT PROCEDURES FINANCIAL SYSTEMS GOVERNMENTS LIABILITIES FINANCIAL CONSTRAINTS SERVICE ADMINISTRATIVE CONTROL CONTRACT AWARD CORPORATE GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2016/01/25730287/india-enhancing-teacher-effectiveness-bihar-operation-fiduciary-systems-assessment http://hdl.handle.net/10986/23688

Description
Summary:	An integrated fiduciary assessment has been carried out to evaluate the arrangementsrelevant to the Bihar Teachers Education Program to determine whether they provide reasonableassurance that the Program funds will be used for their intended purpose. Based on theassessment and agreement on actions required to strengthen the system, which are reflected inthe DLIs and PAP the overall fiduciary framework for program are considered adequate tosupport program management and to reach the desired results. Similar to other states in India, the GoB has a well-developed budgetary framework that ensures allocation of adequate resources to departments and programs. GoB has not faced significant fund constraint and there is sufficient predictability in availability of resources, albeit fund releases tend to be significantly higher in the last quarter of the financial year; As per standard practice and in order to maintain transparency in GoBs financing, two exclusive budget lines have been allocated to this program segregating between revenue and capital expenditures; a significant proportion of the activities i.e. civil works, ICT procurement and key consultancies, under the program will be undertaken by BSEIDC which operates outside the treasury system and uses commercial banking channels for financial flows and payments. Fiduciary framework in the state and consequently the Program, are guided by several rules and legislation including the Bihar Financial Rules, Treasury Code and Budget Manual, PWD Manual and the Companies Act (2013) in case of BSEIDC.

Enhancing Teacher Effectiveness in Bihar Operation : Fiduciary Systems Assessment

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