12.4.1 Financial management at federal level

Responsibility for the overall financial management system of the Programme at federal level lies with MoFED. They are responsible for opening foreign currency accounts to receive funds from donors and then transferring these funds into the CWA. From the CWA, funds are transferred by MoFED to special accounts opened for the other three WASH Ministries (MoWIE, MoH, and MoE) and the regional BoFEDs on the basis of approved plans and budget reports.

All BoFEDs and the WASH sector ministries are responsible for reporting to MoFED on all OWNP financial matters. Based on these reports, MoFED prepares a single consolidated report and distributes this to the Development Partners and other stakeholders.