DBJ provided funding to financial institutions, without ensuring the sectoral targets received those loans

Share This:

Auditor General's Findings

DBJ provides financing for Small to Medium Enterprises through various financial institutions. However, DBJ did not monitor the financial institutions to satisfy itself that the loans disbursed met the stipulated criteria. The AuGD noted that DBJ was required to monitor these institutions based on the signed general agreements with Approved Financial Institutions. DBJ did not enforce this requirement.

Responsive image

Permanent Secretary (current): Audrey Sewell

Breach Category: Project Management

Permanent Secretary (at breach):

Breach Type: Inadequate Project Monitoring

Notify of
Inline Feedbacks
View all comments

Most Recent Breaches

MOEYI – Over $483 Million in Procurement Not Informed by Needs Assessment

April 11, 2022 | No comments

View Breach »

MSET- Poor decision-making costs Petrojam in excess of $67 million for a fence.

April 11, 2022 | No comments

View Breach »

MSET – Deficiencies in Petrojam’s Human Resources Management Practices

April 11, 2022 | No comments

View Breach »

MLSS – $2.95 Billion in Outstanding NIS Contributions

April 23, 2021 | No comments

View Breach »

HEART/NSTA – $75 Million disbursed without Compliance Checks

April 22, 2021 | No comments

View Breach »
Would love your thoughts, please comment.x