Highlights

Visit of officials of the Supreme state Audit Authority of the Inspectorate General of Finance of Burkina Faso : 07/05/2010

Visit of officials of the Supreme state Audit Authority of the Inspectorate General of Finance of Burkina Faso

In May 7th, 2010, the Department of Public Enterprises and Privatization (DEPP) received officials of the Supreme state Audit Authority of the Inspectorate General of Finance of Burkina Faso.

The Burkinabe delegation led by Mr. Ousmane Jean-Pierre SIRIBIE, included six members representing the Supreme state Audit Authority of the Inspectorate General of Finance, accompanied by Mr. Jalil HAJARABI, Inspector of Finance at the IGF.

Having welcomed the delegation, Mr. Mustapha KASSI, Deputy Director of the DEPP, gave an overview of the tasks of management, portfolio composition and the main characteristics of Public Enterprises sector (PE).

He highlighted the importance of (PE) in the national economy as a locomotive of Moroccan economic growth generating 85 billion of added value (12% of GDP), engaging 124. 000 employees and recording a combined investment volume which registered the highest annual average growth of around 20%, from 50 billion DH in 2007 to over 110 billion DH in 2010.

Furthermore, he stressed the establishment of a Monitoring Committee to accelerate the investment pace to face the international financial crisis. With regard to privatization, Mr. KASSI noted that 73 EP were privatized between 1993 and 2007, generating revenues of 87 billion DH. The meeting focused on the organization, missions and the DEPP major reform projects and that, through five presentations dealing with the following aspects:
 

  • Presentation of the DEPP: organization, missions, legal framework, human resources, training...
  • DEPP IT Systems: architecture, (PE) IT Systems, intranet, GED....
  • The Housing Sector Reform : axes, objectives and reform sequences , priority projects, achievement indicators ,...;
  • Privatization and Public- Private Partnership: legal framework, current projects and prospects ...
  • Restructuring and Contract programs: public`s portfolio, EP investment, sectoral liberalization, objectives and types of contracts ...

    During this debate, Several issues were addressed mainly those concerning the different types of financial control and its characteristics in relation to the IGF control, the accounting standards applied to EP, privatization transactions with difficulties and the domestic investors share in these operations.

    When presenting the DEPP IT System (SIDEP), Mr. HAJARABI stressed that the IGF signed two agreements for data exchange with the Department of Budget and the World Bank. He called on the DEPP to start the same procedure for exchanging data useful to the inspectors` audit.

    Thereafter, representatives of the Burkinabe delegation thanked the DEPP officials for their welcome and the quality of the presentations and the information provided.