REPARIS - Strategische Partnerschaft - Kick-Off-Phase

Contract partner: CFRR - Centre for Financial Reporting Reform - Europe and Central Asia Region - The World Bank Country: Europa, regional/länderübergreifend Funding amount: € 1.038.000,00 Project start: 02.10.2008 End: 30.06.2009

Short Description:

Overall goal

The policy environment and institutional framework for corporate reporting are very important pillars in economic development. In South Central and South East Europe these regulations still suffer from weaknesses. The Road to Europe: Program of Accounting Reform and Institutional Strengthening (REPARIS) is a regional program aimed at creating a transparent policy environment and effective institutional framework for corporate reporting. The program is designed around the introduction, implementation, and effective enforcement of relevant portions of the EU acquis communautaire with a view to contribute to foreign direct and portfolio investment, foster private and financial sector developments, improve the business environment and investment climate, and facilitate potential integration into (or harmonization with) the European Union.

This Kick-off phase is part of a planned longer lasting strategic partnership between the Centre for Financial Reporting Reform (CFRR) based in Vienna and the OEZA and other Austrian and possibly international donors and stakeholders. The Kick-off phase will conclude in a ministerial conference in June 2009 where further steps and partnerships will be announced.

The whole program consists of five components

1) Reform Momentum and Regional Cooperation

2) Curricula Development and Education and Training Reform in Accounting and Auditing

3) Moving Forward in Accounting and Auditing

4) Implementation support, Monitoring and Evaluation, Results Framework and Knowledge Management

5) Program Management and Trust Fund Administration

The methodology of the program is based on expert workshops on high and working level, face to face and distance knowledge exchange, building communities of practice as driving forces in the different countries, providing technical support to opinion leaders.

Target groups are civil servants, financial sector regulators, accounting and auditing bodies and (for selected workshops) private sector representatives.

project number 2361-01/2008
source of funding OEZA
sector Geschäftwesen und andere Leistungen
  • 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.