The Parastatal Monitoring Department (PMD) plays a vital role in ensuring effective oversight, strategic guidance and transparent governance of parastatal entities. Its core mandate includes facilitating training and development for parastatals, advising the Minister on their financial and operational performance and offering strategic direction on matters of governance, accountability and transparency. To support the department’s mandate, the PMD communication and information strategy focuses on engaging stakeholders, familiarising both parastatals and government departments with its role and educating the public on its functions. Through these outreach initiatives, the PMD aims to strengthen and reinforce its commitment to improving the performance and accountability of parastatal organisations.
The Department plans to build a database information system to ensure timely and accurate reporting. In reviewing annual reports, the focus areas include:
- Assessing whether the organization is appropriately structured to fulfill its mission and objectives
- Comparing actual achievements to strategic goals
- Reviewing audited financial statements
- Verifying compliance with legislation, operational policies, and procedures
- Identifying opportunities for improvement and providing actionable recommendations
The Department also collaborates with stakeholders to enhance service delivery and promote transparency.