Chartered Institute of Public Finance and Accountancy


Glossary of International Terms

A - B - C - D - E - F - G - H - I - J - K L - M - N - O - P - Q R - S - T U - V W X Y Z

SAI
See: Supreme Audit Institutions

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SAP
See: Stabilization and Association Process

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SECI
See: South East Europe Cooperation Initiative

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Sector-wide approaches
(Approche du développement sectoriel - Enfoque Global )
The defining characteristics of a SWAP are that all significant funding for the sector supports a single sector policy and expenditure programme, under Government leadership, adopting common approaches across the sector, and progressing towards relying on Government procedures to disburse and account for all funds.

http://www.unfpa.org/pds/approaches.htm

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SEE
See: South East Europe

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SEECP
See: South East European Cooperation Process

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South East Europe Cooperation Initiative
SECI comprises a consultation framework for addressing economic and environmental problems with a regional dimension.  The role of SECI is to complement and strengthen existing regional initiatives and actions for transferring know-how, realising private investment and harmonising the trade legislation and policies of the countries in the region. 

Members: Greece, Albania, Romania, Serbia and Montenegro, Bulgaria, Romania, Turkey, Bosnia - Herzegovina, Croatia, Slovenia, Hungary and Moldova; (partners) US, Italy, Austria, Switzerland, Liechtenstein and the Czech Republic.

http://www.secinet.info/?Bintro=1

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South East European Cooperation Process
The South East European Co-operation Process (SEECP) was launched in 1996. SEECP seeks to define itself as an authentic voice of South East Europe. This process goes hand in hand with the transformation and gradual phasing out of the Stability Pact for South Eastern Europe.
Goals of regional co-operation include the strengthening of security and political co-operation.

http://www.chairmanship.mfa.md/seecp-concept/

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South East Europe
Although a fairly vaguely defined geographic area, the South East Europe (SEE) region usually refers to the following countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Montenegro, Macedonia, Serbia, Moldova, Romania, Slovenia and Kosovo.

See also: Center for Excellence in Finance and Stability Pact for South Eastern Europe
http://www.seerecon.org/maps/see-map.pdf

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South East Europe (Joint Office)
The Joint Office for South East Europe was set up in 1999 to support the European Commission / World Bank in their Joint role as coordinators of international assistance for the reconstruction and development of South East Europe (SEE).

Members: Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Kosovo, Former Yugoslav Republic of Macedonia, Albania, Bulgaria, Romania, Moldova.

http://www.seerecon.org/

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SPA
See: Strategic Partnership for Africa

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Spanish Agency for International Cooperation and Development
The Spanish Agency of International Cooperation for Development (Agencia Española de Cooperación Internacional para el Desarrollo) - AECID - was created in november 1988 as the spanish agency responsible for international development, under the Ministry of Foreign Affairs and Cooperation.

http://www.aecid.es/01aeci/intro.htm

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SPSEE
See: Stability Pact for South Eastern Europe

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STA
See: Statistical Department (IMF)

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Stability Pact for South Eastern Europe
The Stability Pact for South Eastern Europe was launched in 1999 providing a framework to stimulate regional co-operation and expedite integration into European and Euro-Atlantic structures. The Stability Pact was replaced in February 2008 by the Regional Co-operation Council

See also: Regional Co-operation Council  and Center for Excellence in Finance
http://www.stabilitypact.org/

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Stabilization and Association Process
The SAP is the EU’s policy framework for the Western Balkan countries, all the way to their eventual accession. The SAP pursues three aims, namely stabilisation and a swift transition to a market economy, the promotion of regional cooperation and the prospect of EU accession. It helps the countries of the region to build their capacity to implement European standards.

Members: All the countries of the Western Balkans

See also: European Agency for Reconstruction
http://ec.europa.eu

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StAR
See: Stolen Asset Recovery Initiative

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Statistics Department (IMF)
The IMF Statistics Department publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available

http://www.imf.org/external/data.htm

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Stolen Asset Recovery Initiative
(Initiative pour le Recouvrement des Avoirs Voles - Iniciativa para la recuperación de activos robados)
The World Bank has launched the Stolen Recovery Asset Initiative (StAR) to help developing countries recover assets stolen by corrupt leaders, help invest them in effective development programs and combat safe havens internationally. Every $100 million recovered could fund full immunizations for 4 million children or provide water connections for some 250,000 households.

See: press release and World Bank Group
http://siteresources.worldbank.org/NEWS/Resources/Star-rep-full.pdf

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Strategic Partnership for Africa
(Partenariat Stratégique pour l’Afrique - Alianza Estratégica con África)
The SPA was established in 1987 to mobilize the financing required to enable African countries to implement economic reforms. SPA is focused on helping low-income, debt-distressed reforming countries, by assuring that there was sufficient quick disbursing assistance (QDA) to enable these countries to implement critically needed reform programs.

Members: major bilateral and multilateral donors providing assistance to Africa, including the IMF and the UNDP, representing the UN system, the UN Economic Commission for Africa (UNECA), the Secretariat of the New Partnership for Africa's Development (NEPAD) and a number of African governments.

http://www.spa-psa.org/main.html

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Strengthened Approach
(Approche Renforcée)
The PEFA program has focused mainly on the development of a Strengthened Approach which reflects the principles that guide international support for development by emphasizing country-led reform, donor harmonization and alignment around the country strategy, and a focus on monitoring of results.

See also: PEFA and PEFA Framework
http://72.3.224.137/strenthen_approachmn.php

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Supreme Audit Institutions
Institutions Supérieures de Contrôle des Finances Publiques - Entidades Fiscalizadoras Superiores (EFS)
Supreme Audit Institutions: Supreme Audit Institutions (SAIs) carry out the external audit of public sector bodies and are one of the key links in the formal system of financial accountability in most countries. The strengthening of partner country SAIs can therefore result in significant improvements to the effectiveness of PFMA systems as a whole.

See also: International Organisation of Supreme Audit Institutions
http://www.dfid.gov.uk/aboutdfid/organisation/pfma/pfma-working-sais.pdf

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SWAps
See: Sector-wide approaches

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Swiss State Secretariat for Economic Affairs
(Secrétariat d’Etat Suisse à l’Economie - Secretaría de Estado para Asuntos Económicos de Suiza)
SECO is the Swiss federal government's centre of expertise for all core issues relating to economic policy. Its aim is to "ensure sustainable economic growth by putting in place the necessary regulatory and economic policy conditions."

http://www.seco.admin.ch/index.html?lang=en

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Système Comptable Ouest Africain, System of Accountancy in Western Africa
(Système Comptable Ouest Africain (SYSCOA)
The authorities of the Economic and Monetary Union for Western Africa decided to implement a common accountancy system, the System of Accountancy in Western Africa (from the French, Système Comptable Ouest Africain, SYSCOA). The system has been applied from the 1st of January 1998.

http://syscoa.ifrance.com/