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English to Romanian translations [PRO] Bus/Financial - Management / public investment managem
English term or phrase:gate-keeper
Project selection and budgeting: the budget is divided into a recurrent and a development budget, with weak integration between them and substantial off-budget aid. Aid-coordinating units manage the relationship with donors, but this is more a process management function than a strategy or investment priority setting function. The use of PIPs remains quite common, but these can be poorly connected to fiscal policy and the budget. In practice, a PIP tends to be more a coordination tool than a tool to manage the project portfolio strategically or to help enforce review of individual project proposals before they can be considered for budget funding. Agreement by a donor to finance a project is tantamount to the project being included in the budget – subject to basic screening for consistency with a PRSP (which is not difficult given their generality) and any required counterpart financing being affordable. CFAs are not functioning as gate-keepers.