Sierra Leone - Economic Governance Reform Program (EGRP II)


Project Summary

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
Sector Multi-Sector
DAC Sector Code 15124
Environmental Category 3
Commitment U.A 10,000,000
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
Fragile States Facility
Implementing
Ministry of Finance and Economic Development

Information

IATI identifier 46002-P-SL-KA0-012
Last Update 19 Jan 2021

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Geographic Location

Country Sierra Leone