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 15110
Commitment U.A 15,000,000
Status Implementation

Project General Description

The fiscal consolidation support programme (FCSP) 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 PFM, revenue management and transparency and public expenditures effectiveness and transparency. FCSP 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.

Project Objectives

The FCSP aims to support the stabilization of Sierra Leone’s macroeconomic framework and enhance revenue mobilization and public expenditures management. The expected outcomes of implementation of the supported reforms are: (i) increased revenue mobilization; (ii) improved debt management; (iii) improved alignment of budget allocation with Government priority spending.

Beneficiaries

FCSP will benefit the entire Sierra Leonean population. The direct beneficiaries of the program include MoF, 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 31 Oct 2019

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Contact Details

Name IBRAHIM Amadou
Email i.b.amadou@afdb.org

Geographic Location

Country Sierra Leone