In this regard, we have received valuable and timely support in enacting the Public Finance Management Act 2012 and the accompanying regulations, reengineering IFMIS, setting up the National Treasury, Performance Based Budgeting, revenue administration, and financial reporting and in developing the VAT Bill that is now in Parliament.
Besides, knowledge about the existence of an effective grievance redress mechanism is essential for gaining the confidence of the unbanked population and overcoming apprehensions they may have about joining, what would appear to be a complex and unfriendly financial marketplace.