Liberia - Institutional Support for the Integrated Public Financial Management Reform Project (IPFMRP)


Project Summary

Approval Date 10 Sep 2012
Signature Date 19 Sep 2012
Planned Completion Date 31 Mar 2017
Last Disbursement Planned Date 31 Mar 2017
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 3,000,000
Status Completion

Project General Description

The Integrated Public Financial Management Reform Project (IPFMRP) will help intensify and sustain reform efforts in Liberia. The proposed operation will contribute to effective implementation of the Public Financial Management (PFM) Reform Strategy that, the Liberian authorities, along with development partners have adopted in order to address the weakness and challenges in the PFM systems. This is an innovative institutional support project in terms of effectively implementing the Bank’s commitment to development effectiveness. The project has five components which are mutually reinforcing: (i) enhancing budget planning and credibility, (ii) strengthening budget execution, accounting and reporting; (iii) strengthening revenue administration; (iv) enhancing transparency and accountability; and (v) project management and capacity building.

Project Objectives

The overarching goal of the project is to improved budget coverage, fiscal policy management, financial control, and oversight of government finances in Liberia. Through strengthened institutional capacity for the delivery of effective Public Financial Management (PFM) and oversight, the government will be able to expand and deepen the scope of reforms to reduce corruption, improve service delivery, and thereby reduce poverty.

Beneficiaries

The project will strengthen the capacity of key institutions involved in Public Financial Management (PFM) including the Ministry of Finance (MOF), the General Auditing Commission (GAC), Ministries and Agencies, State-Owned Enterprises (SOE), the Legislature/Legislative Budget Office (LBO), and non-state actors (NSAs).

Participating Organization

Funding
Fragile States Facility
Implementing
Ministry of Finance and Development Planning

Information

IATI identifier 46002-P-LR-K00-013
Last Update 19 Jan 2021

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Geographic Location

Country Liberia