Liberia - Integrated Public Financial Management Reform Project – Phase II


Project Summary

Approval Date 30 Jan 2017
Signature Date 17 Feb 2017
Planned Completion Date 30 Jun 2020
Last Disbursement Planned Date 30 Jun 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 6,263,000
Status Implementation

Project General Description

Integrated Public Financial Management Reform Project II (IPFMRP II) is designed to strengthen the capacity of key public institutions engaged in public financial management in Liberia. The proposed IPFMRP II will build on IPFMRP Phase I and pave the way for deeper implementation of the PFM reform agenda through 2020. The project will help to consolidate the gains achieved from the previous institutionnal support programs and will strengthen the capacity of institutions that promote governance, accountability, and transparency, with an added focus on domestic resource mobilization in the natural resource sector.This project has three components: (i) strengthening transparency and accountability in public financial management; (ii) enhancing domestic revenue mobilization from the natural resource sector; and (iii) project management. It will be implemented over 36 months (January 2017 – December 2019) and cost UA 6.26 million.

Project Objectives

The overarching objective of the project is to strengthen transparency and accountability in public financial management; and enhance revenue mobilization from the natural resource sector. The project objectives are to be achieved through: (i) Upgrade of IFMIS infrastructure to better track budget implementation, revenue collection and government expenditures; (ii) Strengthening the capacity of institutions in PFM; (iii) Capacity building for Debt Management, Macroeconomic Forecasting and Fiscal reporting; (iv) Support to revenue mobilization and Administration; and v) Support to Liberia’s integrity and anti-corruption agencies and CSOs involved in promoting accountability through monitoring of PFM processes and Governance in general for more efficient use of national resources.

Beneficiaries

There are two direct beneficiary institutions for this project: (i) the Ministry of Finance and Development Planning’s (MFDP) PFM Reform Coordination Unit (RCU); and (ii) the Liberian Revenue Authority (LRA). Outside MFDP, entities to benefit from this ISP include the Internal Audit Agency, Legislative Budget Office, Public Accounts Committee, Comptroller and Accountant General’s Office, Public Procurement and Concessions Commission, Liberian Anti-Corruption Commission, and the General Audit Commission. Three professional PFM institutions will also be supported: the Liberian Institute of Public Administration, Liberia Institute of Certified Public Accountants, and the Financial Management Training Program.

Participating Organization

Funding
African Development Fund
Funding
Fragile States Facility
Implementing
Ministry of Finance and Development Planning

Information

IATI identifier 46002-P-LR-K00-014
Last Update 31 Oct 2019

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Contact Details

Name EBAKISSE TSANGA Sandrine Ida
Email s.ebakisse@afdb.org

Geographic Location

Country Liberia