Liberia - Economic Governance and Competitiveness Support Program II (EGCSP II)


Project Summary

Approval Date 31 Jul 2018
Signature Date 21 Aug 2018
Planned Completion Date 31 Dec 2020
Last Disbursement Planned Date 31 Dec 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 7,000,000
Status Implementation

Project General Description

The Economic Governance and Competitiveness Support Program II (EGCSP II) is aimed at promoting economic growth by improving accountability and transparency in public financial management, and enhancing private sector competitiveness in Liberia. The proposed operation will contribute to promoting sustainable and inclusive economic growth by supporting the government’s reforms with a view to improving the efficiency and effectiveness of public financial management in Liberia. The project is eexpected to cover a period from 2018 - 2020 and cost about $ 10 million. The operation is organized around two strategic and mutually reinforcing components: (i) Improving Public Financial Management; and (ii) Enhancing the Business Enabling Environment. The rationale for the choice of these components is that their strong complementarity will promote good governance and create an enabling environment for attracting private investments

Project Objectives

The overarching objective of this proposed operation is to contribute to promoting sustainable and inclusive economic growth, by supporting government efforts to improve transparency and accountability in public finances management, and enhance private sector competitiveness in Liberia. The operation will, in this context, support government efforts to increase the efficiency and effectiveness of its PFM reforms, and implement sound programs to improve the business environment and diversify the economy.

Beneficiaries

The direct beneficiaries of the proposed program include the Ministry of Finance and ministries responsible for implementing the main components of the PFM Reform and Action Plan for 2017-2020, and the Ministry of Commerce and Industry. Indirect beneficiaries are the people of Liberia and the private sector, who will benefit from an improved business and investment climate that will result in lowering the cost of doing business and fostering job creation for the youth and women. The people of Liberia will also benefit from increased electricity connections, and from improvement in efficiency of budgetary expenditure management and public procurement, which will result from the operation.

Participating Organization

Funding
African Development Fund
Implementing
Ministère des Finances

Information

IATI identifier 46002-P-LR-KA0-004
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