Sierra Leone - Fiscal consolidation support programme (FCSP)

Project Summary

Approval Date	14 Mar 2019
Signature Date	29 Apr 2019
Planned Completion Date	28 Feb 2021
Last Disbursement Planned Date	28 Feb 2021
Sovereign / Non-Sovereign	Sovereign
Sector	Multi-Sector
DAC Sector Code	15124
Commitment	U.A 15,000,000
Status	Completion

Project General Description

The Fiscal Consolidation Support Programme (FCSP) in Sierra Leone aims to support the stabilization of country’s macroeconomic framework and enhance revenue mobilization and public expenditures management. FSCP is a programmatic budget support series spanning two years (2019-2020) intending at the consolidation of the country’s fiscal stance to carry out reforms for strengthening budgeting processes efficiency and transparency; and promoting girl’s education. The programme has two mutually complementary components in order to ensure the effectiveness of public action in terms of the public finance management of the country. These two components are: (i) Improving revenue mobilization and debt management; and (ii) strengthening public expenditure management efficiency and transparency. The total programme cost is UA 15.00 million. Its implementation will provide almost 24% of the financing needs for fiscal year 2019.

Project Objectives

FCSP overarching goal is to spur fiscal consolidation in Sierra Leone through increased resource mobilization, pro-poor budget allocation (especially for basic and secondary schools, and girls education) and strengthened budget execution oversight. In other words, the program’s aim is to support implementation of the public finance management (PFM), revenue management and transparency and public expenditures effectiveness and transparency. The measures supported by the PBO are expected to have a positive impact through increasing public expenditure in line with the NDP priorities and make progress towards economic growth and poverty reduction. More specifically, the program will support key reform measures in two areas aimed at (i) strengthening revenue administration, and (ii) improving effectiveness and transparency of expenditures management.

Beneficiaries

FCSP will benefit the entire Sierra Leonean population. The direct beneficiaries of the program include Ministry of Finance, Ministry of Education; oversight institutions (ASSL, NPPA). Indirect beneficiaries are the citizens of Sierra Leone, who will benefit from better PFM and improved fiscal space for pro-poor budgetary allocation for social services delivery and the private sector for increased transparency in public procurement.

Participating Organization

Funding

Fragile States Facility

Implementing

Ministry of Finance and Economic Develop

Information

IATI identifier	46002-P-SL-KA0-016
Last Update	26 Jan 2023

Export

Contact Details

Name	KAMANGA Fenwick Dingiswayo
Email	f.kamanga@afdb.org

Geographic Location

Country	Sierra Leone

Coordinates	Location Name
8.45774 -13.23714	Freetown

Project Classification

Finance Type	N/A
Flow Type	ODA
Aid Type	N/A

Commitments

U.A 15,000,000

Transition Support Facility

U.A 15,000,000

Disbursements

Document Type	Language	Document
Appraisal report	en	Sierra Leone - Fiscal Consolidation Support Programme FCSP -AR
Appraisal report	fr	Sierra Leone - Programme d appui a? l assainissemnt budge?taire FCSP
Evaluation Report	en	viewer
Appraisal report	en	viewer
Project Completion Report	en	viewer
Evaluation Report	en	viewer
Appraisal report	fr	viewer
Project Completion Report	fr	viewer

Indicator	Indicator Measure	Target Year	Target Value	Actual Year	Actual Value
Increased non-tax collections from Extractive industries	%	2019	3	2022	4,6
Stock of Internal arrears (in % of GDP)	%	2019	15	2022	6,1
Public expenditure for education in % of non-salary, non-interest recurrent expenditures	%	2019	24	2022	24
Extractive industry revenue Act (EIRA)	None	2019	The Extractive Industry Revenue Act adopted	2022	EIRA not adopted
National Revenue Act (NRA)	None	2019	The national revenue act adopted	2022	NRA act not adopted
Revenue mobilization strategy (RMS)	None	2019	The revenue mobilization strategy is operationalized	2022	Revenue mobilization strategy not operational
Standard employment documents	None	2019	Standard documents adopted that employing agencies are required to send to MoF when new posts added to payroll	2022	No standard employment documents
Basic and secondary education budget (in percentage of total non-interest/salaries expenditures)	None	2019	Increased budget allocated to basic and secondary education	2022	9,5% in 2019
Secondary school girl child programme (in percent of noninterest/salaries expenditures)	None	2019	At least 0,5% in 2019 Budget Law	2022	Not assessed because of free quality education introduction
Basic and secondary budget execution	None	2019	At least 90% in 2019	2022	81% Budget executed as at end December 2020
Public expenditure for education in percent of nonsalary, non-interest recurrent expenditures (of which free education programme targeting Girl’s education)	%	2019	3	2022	3,2
PEFA PI-24 on public procurement	Rating	2019	C+	2022	C+
Internal Debt strategy and medium-term settlement plan developed	None	2019	Internal Debt strategy and medium term settlement plan in place	2022	Internal Debt strategy and medium term settlement plan not available
Development of man power plans	None	2019	All SVAs submitted manpower plans for 2020 Budget	2022	Only Human Resources Management Office (HRMO) submitted manpower plan and there
Submission of Auditor’s General Report on 2016 Public accounts to Parliament for approval	None	2019	Yes	2022	2016 Public Accounts not submitted to Parliament
Submission of Auditor General’s Report on 2017 Public accounts to the Parliament	None	2019	Yes	2022	2017 Public Accounts not submitted to Parliament
Appointment of the independent procurement jury panel in charge of complaints/disputes resolution	None	2019	Appointment of the independent procurement jury panel in charge of complaints/disputes resolution	2022	Independent procurement jury panel appointed