| 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 | 15124 |
| Commitment | U.A 7,000,000 |
| Status | Completion |
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. It 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.
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.
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.
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Funding
African Development Fund
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Implementing
Ministère des Finances
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| IATI identifier | 46002-P-LR-KA0-004 |
| Last Update | 26 May 2020 |
| Name | EBAKISSE TSANGA Sandrine Ida |
| s.ebakisse@afdb.org |
| Country | Liberia |