Fiduciary risk assessment in the department of Valle del Cauca

The French Development Agency has requested the development of a fiduciary risk analysis for the Department of Valle del Cauca, Colombia, with the objective of assessing the performance of public financial management as a basic condition for budget financing, in order to contribute to the implementation of the Departmental Development Plan (PDD) “Leadership that Transforms” 2024-2027. The objective of this analysis is to examine existing local dynamics in relation to public financial management (PFM), including audit and procurement management standards and practices applicable to Colombian local authorities, and in particular to the department of Valle del Cauca.