European Commission

DRM portfolio and relevant changes to DRM support strategy

The EU continued to provide policy and political support to global DRM initiatives in 2020 through the IMF Thematic Funds (Revenue Mobilisation, Management of Natural Resources Wealth), the Tax Administration Diagnostic Assessment Tool (TADAT), the Public Expenditure and Financial Accountability (PEFA) assessment, the Global Forum on Transparency and Exchange of Information, OECD revenue statistics, the Extractive Industries Transparency Initiative (EITI), the Addis Tax Initiative (ATI) and Network of Tax Organisations (NTO). The EU provided regional support to DRM initiatives through the IMF Regional Technical Assistance Centres (RTACs), the EU-GIZ ‘Fighting Illicit Financial Flows in Africa’ Panafrican Programme (AUC, ATAF-CABRI-AFROSAI-AFROPAC), and Fiscal Transition in West Africa. Bilateral support for national DRM initiatives was delivered largely through projects and budget support indicators.

Due to Covid-19, the EU rearranged many of their existing programs to provide rapid response to provide partner countries with increased fiscal capacity to cope with the health, economic and social impacts of the pandemic. This, however, meant that DRM payments were cut by half for 2020.

Source: 2020 ATI Monitoring Report. For more information on this ATI member, access the DRM Profile linked above or the 2020 ATI Monitoring Report.