Evaluatierapport (PDF, 6.47 MB) - Buitenlandse Zaken - Belgium

FINEXPO EVALUATION
The Department for Business Cooperation & Technical Assistance
is the entry-point for companies to Danish development
assistance.
see
Spain: Fondo de
Ayuda
al
Desarrollo
Spain : CARI
Netherlands:
ORET
In financial terms, the programme is administered by the
Secretariat for Mixed Credits of the Ministry of Finance. The
Committee for Mixed Credits has the function of a board and
meets once a month where it approves projects, screens
potential new projects and enacts new policies. Its members are
chosen from the business community, the civil society and
government ministries.
Like the other funds of the FAD, the FAD Internationalisation is
financially administered by the Instituto de Crédito Oficial (ICO).
The promotion, appraisal and monitoring of the FAD
Internationalisation is done by the Directorate General for Trade
and Investment of the Department for Tourism and Trade
(Secretaría del Estado de Turismo y Comercio) of the Ministry for
Industry, Tourism and Commerce. The Directorate General
appraises all in-coming proposals and submits the approved
proposals through the Secretary and Ministry to an Interministerial
Commission of the Cabinet. This Inter-ministerial
Commission approves formally the responsibilities of the state.
Once approved by the Commission, ICO acts as the official
financial agent of the Government of the Nation and hence
negotiates, signs and manages the funds of the state. ICO is
responsible for all administrative procedures related to the
financing. ICO negotiates with the recipient country regarding the
conditions and specifications of the International Agreement
(Convenio), looks for all necessary approvals and budget
endorsements. It also monitors the financial implementation. ICO
is also represented in the Paris Club meetings and advices with
respect to debt restructuring and reduction of the loan portfolio.
The promotion of the CARI programme and the appraisal of the
applications are responsibility of the Directorate General for
Trade and Investment. This Directorate authorizes the financial
administration by ICO. All procedural and financial management
is done by ICO (and where applicable, the export insurance
company: Compañía Española de Seguro de Crédito a la
Exportación, S.A. (CESCE). ICO takes care for the liquidation of
the interest adjustments and monitors the repayment obligations.
Up to 2002, the Directorate General for International Cooperation
(DGIS) of the Netherlands’ Ministry of Foreign Affairs was
responsible for the management and administration of the
ORET/MILIEV programme, supported by the Ministry of Economic
Affairs and the Ministry of Finance. In March 2002, the
administration of the Fund was transferred to the Netherlands
Bank for Developing Countries (NIO-bank), a subsidiary of the
Netherlands Development Finance Company (FMO). NIO-bank
was supposed to coordinate permanently with the Ministry of
Economic Affairs. The pre-appraisal of applications was outsourced
to a private consultancy company (Ecorys). The NIObank
was largely dismantled in 2006 and in January 2007, the
appraisal of proposals, the management and the financial
banking services were out-sourced to a consortium led by an
international accountancy company with a banking licence. This
consortium was labelled ORET.nl.
Final report – Appendix 8 – page 153