Revenue modernisation and public financial management (PFM) are closely linked sectors. Efficient tax administrations are the cornerstone of governments revenue. AARC expertise lies in reforms to tax policy and legislation; improving operational development processes such as tax audit, taxpayer services, taxpayer registration, processing of returns and payments; support to computerization and business process reengineering; and capacity development. AARC expertise also extends to design and implementation of public awareness campaigns for tax payers.

AARC experience in this sector spans: the development of professional accountancy qualifications; technical assistance and capacity development for effective audit oversight; improving financial reporting; support to Professional Accountancy Organisations (PAOs); and Supreme Audit reform. AARC has implemented accounting and audit reform projects in Africa, Asia, Europe, the Caribbean and the Pacific Islands.

AARC project experience in this sector includes: Due diligence of financial institutions; Financial management assessments of implementing and executing agencies; Financial & economic analyses; Support to Bank Supervision of financial reporting; capacity development for anti-money laundering (AML) and countering the finance of terrorism (CFT); and, Technical assistance to securities markets.

AARC has provided technical assistance to public utilities and regulators worldwide, in the areas of water, electricity and transport. For example, AARC provides ongoing support to the Infrastructure Sustainability Support Programme in Armenia to strengthen sector management capacity and also public financial management. AARC also offers global assistance in asset registration and valuation, as well as fixed asset management and regulatory reform.

This is a growing sector for AARC as it often forms a part of projects in other sectors but it is also a key sector. AARC has extensive experience in the preparation of Climate Public Expenditure and Institutional Reviews (CPEIRs). AARC also conducts environmental assessments for project preparatory technical assistance.

While Education and Employment form components of many of our projects, they are also a key standalone sector for AARC. Our project portfolio focuses on access to and quality standards in education as well as creating links to employment in challenging economic circumstances. Skills needs assessments comprise a major part of activity in this sector.