BANCO DE LA REPÚBLICA IS RECOGNIZED FOR ITS GOOD MANAGEMENT OF INTERNAL CONTROL

Learn more about the Internal Control Model (MECI). Available only in Spanish.

The Central Bank of Colombia stands out as the best entity in the implementation of the Internal Control Model (MECI, by its acronym in Spanish), with a score of 97.32%, according to the most recent report issued by the Civil Service Administrative Department.

This result was obtained by evaluating the following five factors: control environment, strategic direction, risk management, follow-up, and information and communication. This placed the Bank at a satisfactory level of maturity.

Besides Banco de la República, other autonomous entities were evaluated, among them ANTV (National Television Authority), with 76.7%, and the Civil Service Commission with 74.4%. This group carried out the implementation of the Internal Control Model in a comprehensive and well-structured manner, taking actions arising from the follow-up and analysis of internal and external information that allowed them to update their processes.

The Central Bank also exhibits a low level of criticality, the same as that for other entities such as the Office of the Comptroller General, the Office of the Attorney General, and the Office of the Auditor General of the Republic.  


What is the Internal Control Model (MECI)?

The Internal Control Standard Model for the Colombian state (MECI) provides the basic structure to assess the strategy, management, and evaluation mechanisms of the administrative process. Although it promotes a uniform structure, it can be adapted to the specific needs of each entity, its objectives, structure, size, processes, and services provided.

According to MECI, Internal Control is conceived as a set of interrelated elements, of which all the servers of the entity take part, being responsible for control in performance of their activities. It seeks to reasonably guarantee fulfillment of institutional objectives and their contribution to the essential purposes of the State. At the same time, it aims at coordinating actions and the flow of information and communication, in order to anticipate and correct the weaknesses of institutional activities in a timely manner.

Learn more about the Internal Control Model (MECI) report at:  http://www.funcionpublica.gov.co/documents/418537/506969/2017-06_27_Informe_eje_anual_ci_vigencia2016.pdf/7548917d-6569-4acb-aa8e-1bf186f5fa74

Bogotá,