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Public Financial Management

Multi Donor Trust Fund (MDTF)


Nepal: Integrated Public Financial Management Reform Project

Project Details
Project ID P164783
Grant Amount 15 million (USD$)
Implementing Agency Ministry of Finance
Effective Date Jan 15, 2018
Closing Date Jul 16, 2023
Team Leader Timila Shrestha , co TTL Syed Waseem Abbas Kazmi
Description The proposed project is organized around four complementary components:(1) public investment management; (2) PFM improvements in subnational governments; (3) fiscal reporting and controls; and (4) institutionalize capacity building and management of PFM reforms. There are a multitude of interlinked actions across these components.
Objective The project will contribute towards: (a) streamlined capital project appraisal and selection procedures in selected sectors; (b) adoption of a reporting and budgeting framework for all levels of government; (c) public availability of timely NPSAS-based annual financial statements; and (d) improved internal control procedures
Key Results
The key results of the IPFMRP are based around the strategic objectives of the Governments PFMRP. These are as follows:
  • Simplified, updated guidelines on project screening, appraisal and prioritization implemented in pilot subsectors
  • Reporting and budgeting guidelines developed and adopted for all 3 tiers of Government
  • NPSAS based annual financial statements are prepared and published in a timely manner
  • National and sector level internal control guidelines are developed and in effect
The project was restructured and extended until July 2023 in consultations with GON and all DPs.
List of implementing agencies for IPFMRP. 
  • Ministry of Finance (including Public Debt Management Office)
  • National Planning Commission
  • PEFA Secretariat
  • Financial Comptroller General Office
  • Public Procurement Monitoring Office
  • Ministry of Federal Affairs and General Administration
  • Office of the Auditor General
  • Public Accounts Committee
  • Institute of Chartered Accountants of Nepal
Project Status Active

Public Financial Management
Multi-Donor Trust Fund