STAR-Initiative (Strengthening Auditing and Reporting in the Eastern Partnership countries)

Contract partner: Centre for Financial Reporting Reform - Europe and Central Asia Region - The World Bank Country: Entwicklungsländer, unspezifisch Funding amount: € 1.200.000,00 Project start: 15.11.2012 End: 31.12.2014

Short Description:

Overall goal

Countries of the Black-Sea/South-Caucasus area including Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine are faced with common challenges. They share the key development goals of economic diversification, an improved investment climate and the reduction of their costs of doing business, as well as strengthening financial sector and improving access to international markets.

Therefore the overall development goal of the program is to support the development of a market-based economy through enhanced corporate financial reporting standards and practices, providing investors, lenders, relevant public authorities and other users with accurate financial information for business and administrative decisions.

The proposed regional program is modeled after the current Road to Europe Program for Accounting Reform and Institutional Strengthening (REPARIS), which has been implemented since 2008 for the Western Balkan countries, and is based on a balanced mix of joint (regional) activities and in-country reform advice and capacity-development support that has been tested over time and has proven capable of yielding results.

project number 2361-03/2012
source of funding OEZA
sector Banken und Finanzwesen
  • Policy marker: are used to identify, assess and facilitate the monitoring of activities in support of policy objectives concerning gender equality, aid to environment, participatory development/good governance, trade development and reproductive, maternal, newborn and child health. Activities targeting the objectives of the Rio Conventions include the identification of biodiversity, climate change mitigation, climate change adaptation, and desertification.
    • 1= policy is a significant objective of the activity
    • 2= policy is the principal objective of the activity
  • Donor/ source of funding: The ADA is not only implementing projects and programmes of the Austrian Development Cooperation , but also projects funded from other sources and donors such as
    • AKF - Foreign Disaster Fund of the Austrian federal government
    • BMLFUW - Federal Ministry for Agriculture, Forestry, Environment and Water
    • EU - Funds of the European Commission
    • Others - various other donors are listed in ADA’s annual business report.
  • Type of Aid – Aid modalities: classifies transfers from the donor to the first recipient of funds such as budget support, core contributions and pooled programmes and funds to CSOs and multilateral organisations, project-type interventions, experts and other technical assistance, scholarships and student costs in donor countries, debt relief, administrative costs and other in-donor expenditures.
  • Purpose/ sector code: classifies the specific area of the recipient’s economic or social structure, funded by a bilateral contribution.
  • Tied/Untied: Untied aid is defined as loans and grants whose proceeds are fully and freely available to finance procurement from all OECD countries and substantially all developing countries. Transactions are considered tied unless the donor has, at the time of the aid offer, clearly specified a range of countries eligible for procurement which meets the tests for “untied” aid.