FONERWA Clarifies on Parliament’s Budget Execution Report
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The Rwanda Green Fund (FONERWA) has said contrary to report of Parliament’s budget committee, its execution of the 2018-2019 budget was rated at 55.12%.
A report given to Parliament by its committee showed that FONERWA and other agencies had “zero” budget execution. In the committee’s words, FONERWA didn’t spend any of the money given to it in the previous financial year.
Some of the information about FONERWA was published by The Chronicles yesterday.
ALSO READ: Why Environment Ministry Budget Rose 266%
The Fund’s communications specialist Doreen Nakure Karakure, in email responded: “FONERWA management admits that there was budget under performance in the period (FY 2018/2019) but its equivalent to 55.12% and not 0% as its mentioned. This is mainly attributed to the fact that FONERWA is a demand driven fund whereby its budget is determined by the number of projects that applied for financing during the fiscal year 2018/2019 which justifies this execution rate.”
She added: “For the clarity of the above, you can base on Auditor General’s report for FY 2018/2019 as well as the Integrated Financial Management Information System (IFMIS) of MINECOFIN of which we use.”
As concerns the reported transfer of some of FONERWA responsibilities and funding to the environment ministry, which caused 266% expansion of the ministry’s new revised budget, FONERWA has also clarified on the issue.
Karakure from the Fund, said: “The project in question is the GCF funded Green Gicumbi Project which is under implementation and direct supervision of Rwanda Green Fund-FONERWA and was not transferred to the Ministry of Environment. What happens is that the funds from Green Climate Fund -GCF (the funder) goes through the Ministry of Environment to FONERWA as in inter-entity transfers but FONERWA stays and is the only executing entity of the project. The project is by the way worth US$32.7M and it is already being implemented in Gicumbi district.”
EDITOR: The caption on the photo has been changed. It is not Foreign Affairs Minister Dr Vincent Biruta as had been indicated earlier. It actually the FONERWA CEO as is now. We apologize for the error
FONERWA Clarifies on Parliament’s Budget Execution Report – THE CHRONICLES
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