A critical element in the action plan is the outsourcing of financial servicing and accounting for the credit activities. After the milestones have been achieved, OMB is expected to certify that the agency has established an effective credit management system, which will then permit the agency to exercise its new authority to transfer appropriated funds to the Development Credit Authority. An audit resolution program has been developed that closely tracks and works to resolve outstanding recommendations that have exceeded six months. This will improve productivity by eliminating employee transit between buildings and by facilitating contacts among the different bureaus and offices. This is accomplished by more closely aligning the costs of delivering management services with the demand for these services.
Equity is achieved by having agencies pay their fair share of administrative costs based on usage.
The new system is being implemented over three years. An assessment conducted in April 1996 made adjustments necessary prior to worldwide introduction in FY 1997. As the agency's global mission has become more complex, responding increasingly to transnational problems, countries in transition, and natural and man-made emergencies, its management systems have similarly been challenged to respond in different ways. Successful management responses are being increasingly measured by their ability to adapt to and be effective in a variety of development situations.