FM - An ECA Perspective

FM - An ECA Perspective

RAPMAN-PRIMA: The New Frontiers Fiduciary Forum March 2008 Overview Prima: Development Status Prima: What is it? Prima: Statistics & Usage Prima: Changes

Prima: Remaining Challenges Prima: The New Frontiers Development Status Risk And Portfolio Management System (RAPMAN] went live in ECA & MNA in April 2004 Portfolio and Risk Management System [PRIMA] developed for AFR, EAP, LCR & SAR in March 2007` Corruption Risk Module (ECA) in January 2007

Implementation of PRIMA since July 2007 FM Notes on PRIMA: Systematic Tracking Highlights Risks and Aligns Resources published July 2007 Ongoing enhancements Risk Management is a balancing act Why Risk Management in FM?

What is Rapman-Prima? An integrated Intranet-based web application consisting of 2 modules FM risk database for all investment operations Portfolio management Interfaces with other operational systems (e.g. SAP, ISR, ARCS)

FM Risk Management - Overview Using qualitative/quantitative approach Risk based approach, managing risks throughout project Systematic workflows on fiduciary controls in response to IDA 14 Control Review Supports risk-based approach to the allocation of FM resources Clearly defined roles

o o o o Country FMS to identify risk and recommend mitigation measures QA FMS assists country FMS on risk management Peer review on complex or specialized projects High risk projects require review by FM Manager

Offers a rich data source for useful data-mining The Risk Model International Best Practices COSO Framework PCN Appraisal/Supervision Supervision Inherent Risk Control Risk Detection

Risk Inherent Risk: Risks associated with the country, sector, entity, and project inherent to a project Control Risk: Risks controlled and managed by the Borrower Detection (Supervision) Risk: Risks which can be managed through the Banks supervision efforts Portfolio Management Module Monitoring of ISR FM and FP ratings, and comparison

with FMS proposals Tracking of FMRs/IFRs Tracking of use of country system Tracking of FM requirements confirmation of DPL tranche releases, FM supervision issues, and operational reviews Monitoring of supervision effort (frequency, resources, scope) Links to ARCS information Facilitating data mining of portfolio FM performance

Workflow All investment operations flow from SAP daily update Risk ratings updated at each of the following stages PCN, Negotiations, Board, on-site supervision, ad hoc events Risk-based clearance required pre-Negotiations, preBoard, and for each supervision (FMS, QA FMS, FM Manager) E-mail reminders prior to Negotiations, Board, planned supervision dates

System records history of risk ratings and clearances throughout the project cycle Exception/management reports generated and reviewed on a regular basis Risk Information Updated Statistics of Usage (3 weeks) Major Recent Changes

Performance Improvement Customized welcome page Flexible workflow arrangements Minimum controls on risk rating in Prima IDF projects in risk and portfolio module Enhanced and customized reports Coming Changes Inclusion of PCN stage in risk assessment Supplemental projects linkage

Flexible FMR start date Clearance history for project Region specific reports On going performance improvement Remaining Challenges Continuous Performance Improvement Migration to OPCFM an institutional system Trust Fund Institutional and dashboard reports

Loading and verifying risk and portfolio data Monitoring risk and portfolio performance Integrated fiduciary project reports ? Integration with Banks systems procurement, disbursement, project portal, ISR, ARCS The New Frontiers 1st risk based operational system Pioneering systematic fiduciary risk and

portfolio management From regional developed system to an institutional system (October 2008) Managing corruption risk? Integrated fiduciary system? Other opportunities ..

Recently Viewed Presentations

  • Chem 59-553 Single Crystals For single crystals, we

    Chem 59-553 Single Crystals For single crystals, we

    The most simple relationship used to estimate particle size is the Scherrer formula: Dv = Kl/(b cos q) where: Dv is the "volume weighted" crystallite size = ¾ d (crystallite diameter) K is the somewhat arbitrary "Scherrer constant" (around 0.9...
  • Why Hypotonic Fluids should be banned in Paediatric Practice.

    Why Hypotonic Fluids should be banned in Paediatric Practice.

    Adaptive measures - reduce the blood and CSF vol, then extrusion of sodium, K and organic osmolytes to reduce the brains osmolality Arieff -24,412 consecutive surgical admissions - San Francisco Halberthal -retrospective study 0f 306 charts of children with a...
  • The Greek Polis: Sparta and Athens - Steilacoom

    The Greek Polis: Sparta and Athens - Steilacoom

    The Fall of Athens. Other cities became jealous of Athens's power (Sparta especially!) PELOPONNESIAN WAR. a war between Athens and Sparta. Lasted 30 years - Sparta won! Athens was left in ruins. MERCENARIES. hired soldiers. After the war many Greek...
  • World War II - Ms. Xiques' Classroom - Home

    World War II - Ms. Xiques' Classroom - Home

    Luftwaffe. vs. RAF (German Air Force vs. British Royal Air Force) The Blitz. Turning point in the war due to British success---Hitler postponed attack on British Isles (Thank you, United States and enraged British citizens!) Were we really neutral?
  • Diapositiva 1 - Heritage Skills

    Diapositiva 1 - Heritage Skills

    Module 2 - Scenario 1. Your office has recently purchased a few new printers to cover various tasks and areas of the office. Your office has purchased a thermal printer for printing off massive user manuals in a nice crisp...
  • Conference Management

    Conference Management

    Appointed to US Naval Academy; returned as an instructor, then, to Case School of Applied Science, Clark University, and finally University of Chicago. Did experiments to measure the speed of light, and also the Michelson-Morley experiment to determine the speed...
  • ladder to sector out2 bond fixture HFT PIXEL

    ladder to sector out2 bond fixture HFT PIXEL

    ladder to sector out2 bond fixture HFT PIXEL 11/16/2008 ladder to out2 bond fixture.SLDASM parts to build sector chuck, important tolerances a possible machining sequence machine all features except joining holes and listed critical features match drill pin location holes...
  • Bustling with Budgets!

    Bustling with Budgets!

    Budget Builder Vocabulary. Budget Reports. What is Budget Builder? Create course budgets. Enter projected income/expenses and the system calculates Go/No numbers, Break Even points, and Profit/Loss estimates.