BearingPoint has been awarded a three-year contract to support treasury operations and implement efficient business processes within the Islamic Republic of Afghanistan's Ministry of Finance. BearingPoint will help the Ministry build its accounting and financial management capacity as well as manage incoming funding from international donors.

Valued at $6.85 million, the new engagement calls specifically for BearingPoint to strengthen the Ministry's cash management capabilities and to develop strategies for treasury processes and human resources management.

BearingPoint was first engaged by the Republic in 2002 to provide a benchmark for a fully functional financial management system.

The scope of the current work includes managing the existing Afghan Financial Management Information System (AFMIS, which was implemented by BearingPoint), and continuing the deployment of AFMIS functions.

BearingPoint has handled similar projects in post-conflict environments including Afghanistan, Iraq, Kosovo and South more