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U.S. Millennium Challenge Corporation experts visited Court of Accounts of Republic of Moldova

  • 23.03.2012
  • 1520

 

On 22 March 2012, the President of the Court of Accounts Mr. Serafim Urechean met with a group of experts from the U.S. Millennium Challenge Corporation that assists the Millennium Challenge Account Moldova in developing actions to prevent corruption and fraud in the implementation of Compact program activities. The meeting was attended by Christopher Williams, director of investments and risk management of Millennium Challenge Corporation, Kevin Mitchell, CFO of Millennium Challenge Corporation, Amy Young, expert on fraud and corruption of the MCC, Igor Perjan, deputy director of the Millennium Challenge Account Moldova, and Valentin Bozu, Senior Adviser of the Millennium Challenge Account Moldova. 

During the meeting Mr. Serafim Urechean, President of Court of Accounts, and U.S. MCC experts discussed the prevention of fraud and corruption in the activity of Millennium Challenge Account Moldova and in the implementation of the Compact program, which is in fact the mission of the experts from the U.S. Millennium Challenge Corporation in Chisinau on March 19-23 this year.

 

Discussions focused in particular on identifying the risks and taking action to prevent irregularities, which could prejudice the efficiency of activities and the propriety of management of funds disbursed by the U.S. government to implement the objectives of Compact program in Moldova.

 

MCC experts have also noted that securing transparency in various ways in business processes increases efficiency of projects implemented and community's support to activities, and the compliance with MCC procedures for making procurements, funds management, monitoring and evaluation minimizes the circumstances of occurrence of fraudulent cases in the implementation of the Compact program.

 

After these discussions, the Millennium Challenge Account Moldova will develop an action plan to prevent corruption and illegal activities during the Compact program in Moldova.

 

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