|Approval Date||14 Sep 2011|
|Signature Date||15 Nov 2011|
|Planned Completion Date||31 Dec 2012|
|Last Disbursement Planned Date||31 Dec 2012|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The second Economic Governance Reform Program (EGRP II) is aligned with Sierra Leone’s Agenda for Change (PRSP II), and the African Development Bank/World Bank Joint Assistance Strategy (JAS) for Sierra Leone. The EGRP is justified by the fragility of Sierra Leone's economy and socio-political systems as a post-conflict country. It aims to assist the Government in implementing its poverty reduction strategy and the integrated PFM reform program. The current budget support operation should continue the reforms initiated under EGPR I and complemented by the institutional support project and the targeted technical assistance program. The EGRP II focuses on two components namely: (i) strengthening public expenditure management, and (ii) strengthening revenue governance in the mining and energy sectors. The expected outcomes of the program are improved fiscal discipline and efficiency/effectiveness of public expenditures, and improved revenue transparency and accountability in the mining and the energy sectors.
The program objective is to improve PFM transparency and accountability essential for inclusive economic growth and poverty reduction. Specifically, EGRP II should contribute to improving the PFM system and building a strong fiduciary system to ensure transparency and accountability in the use of public resources.
The direct beneficiaries are Sierra Leonean key public institutions of PFM responsible for fiduciary control. The indirect beneficiaries are the population of Sierra Leone in general, who should benefit from better public financial management and improved fiscal space for pro-poor budgetary allocation for social services delivery, thus enhancing social benefits for the population.
Fragile States Facility
Ministry of Finance and Economic Development
|Last Update||19 Jan 2021|