Liberia - Public Financial Management Reform Support Programme I (PFMRSP-I)

Project Summary

Approval Date	22 Dec 2008
Signature Date	29 Dec 2008
Planned Completion Date	31 Dec 2012
Last Disbursement Planned Date	31 Dec 2010
Sovereign / Non-Sovereign	Sovereign
Sector	Multi-Sector
DAC Sector Code	11330
Environmental Category	3
Commitment	U.A 9,000,000
Status	Completion

Project General Description

The present intervention concerns the Public Financial Management Reform Support Programme I (PFMRSP-I). This program is designed to support the codification of budget operations that should allow the transition to the Integrated Financial Management Information System (IFMIS), aligning the state budget system with internationally accepted standards. It's a program in line with the Poverty Reduction Strategy (PRS) in which the government launched a medium-term PFM Reform Program and a program to modernize FISC administration. The PFMRSP I should deepen these reforms to ensure budget effectiveness by improving its development, implementation, and monitoring. This programme comprises four main components, namely: strengthening of public financial management system; strengthening revenue mobilization; enhancing procurement and auditing system and assisting the government to respond to the global food crisis.

Project Objectives

The overarching purpose of the PFMRSP I is to buttress four pillars: (i) strengthen public financial management (PFM) systems; (ii) modernize the revenue administration; (iii) reinforce procurement and audit systems; and (iv) support the government’s response to the global food crisis.

Beneficiaries

The program should benefit the Ministry of Finance and other key institutions to accelerate the implementation of the reform process. It's also expected to benefit the Liberian people by improving the delivery of public services and promoting an enabling environment for private sector development.

Participating Organization

Funding

Transition Support Facility

Extending

Government of Liberia

Implementing

Ministry of Finance

Implementing

GOVERNMENT OF LIBERIA MINISTRY OF FINANCE

Extending

Government of Liberia

Information

IATI identifier	46002-P-LR-K00-009
Last Update	21 Mar 2023

Export

Contact Details

Name	Kalayu GEBRE-SELASSIE
Email	k.gebre-selassie@afdb.org

Geographic Location

Country	Liberia

Coordinates	Location Name
6.5 -9.5	Liberia

Project Classification

Finance Type	Aid Grant Excluding Debt Reorganisation
Flow Type	ODA
Aid Type	Other Technical Assistance

Commitments

U.A 9,000,000

Government Of Liberia

U.A 500,000

Transition Support Facility

U.A 9,000,000

Disbursements

Document Type	Language	Document
Appraisal report	en	Liberia - The Public Financial Management Reform Support Programme PFMRSP-I - Appraisal Report
Appraisal report	fr	Liberia - Programme d appui à la reforme de la gestion des finances publiques - Rapport d’évaluation
Evaluation Report	fr	DocumentsDetails
Evaluation Report	en	PN10240 SR EN
Project Completion Report	fr	PR10253 SR FR

Indicator	Indicator Measure	Target Year	Target Value
Implementation of the Public Financial Management (PFM) law will clarify the functions of the Executive, Legislature, Auditor General, and other key stakeholders in the budget cycle	None	2008	Submit draft PFM law by November 2008
Director of Budget reports to Minister of Finance instead of to President	None	2008	Merger of BoB with MoF has taken effect
Macro-fiscal unit (MFU) takes the lead in preparing the budget, including presenting policy implications of budget measures	None	2008	MFU will hire a total of five qualified staff by December 2008 to produce high quality projections and will present an Medium-Term Fiscal Framework (MTFF) by end March 2009
Information on aid allows better projection of amount and type of capital expenditures	None	2008	Information on total aid flows being provided on a monthly basis by September 2009
IT department managing R&D, current software, and clear automation implementation plan	None	2008	IT department in place, fully staffed and functioning with clear terms of reference and standard operating procedures
Implementation of the ITAS and ASYCUDA projects defined and supported by project teams, along with necessary logistics and work plan	None	2008	Actual implementation of ITAS and ASYCUDA underway; evidence of an IT system support model balancing vendor dependency, local support capacity, and functional project teams
Develop a risk-based approach to audit selection	None	2008	Risk management system in place and operational with competent staffing
Broaden the scope of risk management	None	2008	Functioning one-stop service facility by end March 2009; PSI exit strategy in existence within six months from date of PSI contract and improved revenues through better selection based upon risk
Integrated Financial Management Information System (IFMIS) produces information that allows increased efficiency in financial management	None	2008	Computer network installed by March 2009 in preparation for transition to IFMIS
Auditor General produces audits of the five ministries	None	2008	The five audits are submitted to Parliament by end-June 2009
Internal audits produced in key ministries	None	2008	Internal audits are produced for three key ministries by end-June 2009
Suspending, for 2008/09, tariffs on agricultural equipment and supplies as well as the $2.10 consumer tax on a 100 pound bag of imported rice	None	2008	The impact of higher prices of imported rice is mitigated for the population, and the agricultural sector is partially compensated for higher costs of equipment and supplies