FROM ISSUE #73 (21 DEC 2001 - 27 DEC 2001) | TABLE OF CONTENTS
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The government has begun exercises to adopt the Medium Term Expenditure Framework (MTEF), essentially an instrument used to match development plans with available resources. Implementing the MTEF is also a precondition for getting budgetary support form donors, who would also need assurances that money put in the basket is not siphoned off. As things stand now, the National Planning Commission (NPC) prepares five-year plans but these are not backed with budgetary commitments, and hence are effectively little more than a ?wish list?. The mismatch of projects and funds is one of the reasons for the low rate of project completion?the NPC says this is only around seven percent.