Institutional Support Project to Strengthen Public Financial Management & Energy Sector Project


Project Summary

Approval Date 20 Oct 2004
Signature Date 04 Apr 2005
Planned Completion Date 31 Dec 2011
Last Disbursement Planned Date 31 Dec 2011
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 2,740,474.42
Status Completion

Project General Description

The purpose of the ADF-IX grant of UA 2.79 million is to assist the Government in strengthening the capacity of the institutions involved in Public Financial Management (PFM), as well as rebuilding the destroyed management, policy-making and implementation capacity of the Ministry of Energy and Power (MEP). The need to strengthen the capacity of PEM institutions is derived from the 2001 Country Financial Accountability Assessment (CFAA) Report and the May 2004 Sierra Leone’s Heavily Indebted Poor Countries (HIPC) Expenditure Tracking Assessment and Action Plan (AAP), undertaken by the world Bank and other development partners, which revealed serious weaknesses that create high fiduciary risks in the current PEM system.

Project Objectives

The objectives of the project are to (i) strengthen the productive capacity of the institutions involved Public Financial Management (PFM); (ii) Strengthen the capacity of the public sector to manage the national debt and to establish a country-wide tracking system to capture and reconcile data on all external loans and grant; (iii) to rebuild the destroyed management, policy-making and implementation capacity of the Ministry of Energy and Power (MEP); and (iv)improve the performance of the ADB portfolio in the country through the enhancement of the management capacity of the Project Implementation Units responsible for the on going projects.

Beneficiaries

This project will benefit the Government and the people of Sierra Leone in several ways. First, the project will significantly assist in building the weakened human and institutional capacity in the public sector. Second, the project will contribute in promoting economic governance, and in the fight against the abject poverty. Third, because of the improved infrastructure in Sierra Leone, economic agents will feel more confident to conduct their business and this will reflect, sooner or later, in enhanced and sustained economic activity.

Participating Organization

Funding
African Development Fund
Extending
Government Of Sierra Leone
Implementing
Ministry of Finance

Information

IATI identifier 46002-P-SL-K00-004
Last Update 31 Oct 2019

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Contact Details

Name GEBRE-SELASSIE Kalayu
Email k.gebre-selassie@afdb.org

Geographic Location

Country Sierra Leone