Liberia - Economic Governance and Competitiveness Support Program


Project Summary

Approval Date 21 Jun 2011
Signature Date 11 Aug 2011
Planned Completion Date 30 Jun 2014
Last Disbursement Planned Date 30 Jun 2014
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 30,000,000
Status Completion

Project General Description

The proposed operation is a grant to the Republic of Liberia for UA 30 million from the Fragile States Facility (FSF) to finance the Economic Governance and Competitiveness Support Program (EGCSP). It is a general budget support program. It results from a request of the Government of Liberia (GoL) in April 25, 2011. This budget support operation from the Fragile State Facility (FSF) grant resources is premised on the fragility of Liberia’s economy and socio-political systems as a post conflict country. Liberia is in a state of transition from post-conflict reconstruction to medium-term growth and poverty reduction. The EGCSP is designed to assist the GoL to implement its Poverty Reduction Strategy. The program has two components which are mutually reinforcing: (i) strengthening public financial management, and (ii) improving business enabling environment for private sector development. It will be carried out over the period 2011-2013.

Project Objectives

The objective of the program is to improve government capacity to implement its national development plan, through improved financial and economic governance. It consists of two reform components: (i) public financial management (PFM), and (ii) business enabling environment. Both components are mutually reinforcing and support broad-based economic growth and poverty reduction. The expected outcomes are: (i) improved transparency and accountability in public financial management and (ii) improved business enabling environment and competitiveness for private sector development.

Beneficiaries

The direct beneficiaries are Liberia key public institutions of public financial management (PFM) responsible for fiduciary control and the private sector development actors. The indirect beneficiaries are the population of Liberia, who will benefit from better public financial management, improved pro poor budgetary allocation for social services delivery and improved business environment.

Participating Organization

Funding
Fragile States Facility
Implementing
Ministry of Finance

Information

IATI identifier 46002-P-LR-K00-012
Last Update 19 Jan 2021

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Geographic Location

Country Liberia