The Abridged Strategic Plan 2024-2028 is a concise yet comprehensive roadmap guiding the African Association of Accountants General (AAAG) in its mission to revolutionize public financial management (PFM) across Africa. This plan captures the essence of AAAG’s commitment to fostering transparency, accountability, and efficiency in financial governance.
Key Highlights of the Strategic Plan
- Vision and Mission:
- Vision: An accountable, integrated, and prosperous Africa.
- Mission: To build trust in public financial management by fostering continental synergies for integrated and sustainable development.
- Core Values: The strategy emphasizes core values such as accountability, collaboration, innovation, respect, and transparency, which guide all activities and interactions.
- Strategic Objectives: The plan is built around four Key Result Areas (KRAs):
- Effective Accounting and Reporting: Enhancing financial policies, promoting International Public Sector Accounting Standards (IPSAS), and improving the detection of illicit financial flows.
- Impact-driven Training and Capacity Building: Organizing training programs and facilitating peer-to-peer knowledge sharing.
- Collaboration and Partnership for Co-Creation: Strengthening stakeholder engagement and conducting research on critical public finance issues.
- Institutional Strengthening and Sustainability: Improving governance structures and ensuring financial sustainability.
- Implementation Plan: The strategy will be operationalized through annual work plans and budgets, with regular monitoring and evaluation to ensure progress and address emerging challenges.
- Linkage to Development Goals:
- Aligned with the United Nations Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063, the plan underscores AAAG’s role in driving sustainable development and good governance across the continent.
- Resource Requirements: With an estimated financial requirement of $10.4 million over five years, the strategy outlines funding sources, including member subscriptions, grants, workshops, and investment income.
- Collaborative Framework: AAAG works alongside key partners, including the African Union, AFROSAI-E, PAFA, and others, to strengthen PFM systems and ensure their effectiveness in addressing Africa’s development challenges.
A Commitment to Africa’s Financial Transformation
The Abridged Strategic Plan 2024-2028 serves as a testament to AAAG’s unwavering commitment to excellence in public financial management. By implementing this strategy, AAAG aims to be a catalyst for change, driving financial governance reforms that contribute to Africa’s sustainable growth and prosperity.
This document reflects our shared vision for a brighter financial future and serves as a call to action for all stakeholders to unite in advancing Africa’s public financial systems.