The Supervisory Board meets once a year to set guidelines for the CEF’s activities, to adopt a work plan and a budget for the forthcoming year, and to approve the annual report with financial accounts for the previous year.
Supervisory Board is the highest body in the hierarchy of our governance structure. Through the Supervisory Board, member countries oversee CEF operations and influence the CEF program. Members of the Supervisory Board are ministers of finance and governors of central banks, or their nominated representatives, from our member institutions.
During the Annual Meetings of the IMF and WBG the CEF and the IMF Fiscal Affairs Department (FAD) will organize the “High-Level Policy Dialogue on Strengthening the Role of Good Governance” that will also address the joint CEF-IMF action plan to support public financial management and revenue administration reforms through training and technical assistance in South East Europe.