Integrated Public Financial Management Reform

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The objective of the Integrated Public Financial Management Reform Project is to support Government of Sierra Leone in sustainably improving the credibility, control and transparency of fiscal and budget management. There are five components to the project. The first component of the project is strengthening macro-fiscal coordination and budget management, this component will include improved budget credibility associated with a more appropriately developed and managed aggregate fiscal position, delivery by the Ministry of Finance and Economic Development (MOFED) of predictable funding in accordance with budgets, constrained Ministries, Departments, and Agencies (MDAs) budgets and control of the in year position contributing to objectives of platform one, and improved strategic planning and prioritization contributing to objectives of platform two. The second component of the project is reinforcing the control system for improved service delivery, this component include an updated legal framework, robust public procurement practices, tightened payroll controls, strengthened internal audit, improved accounting procedures operating in the MOFED and MDAs and further publication of Public Expenditure Tracking Survey (PETS) contributing to an effective control environment in MDAs. Striving for these internal controls will be reinforced through strengthened scrutiny of public finances by Parliament. The third component of the project is strengthening central finance functions, this component will undertake various cross-cutting activities including IFMIS rollout, all aspects of training and Human Resource (HR) capacity development that are required to support the main Public Financial Management (PFM) functions. The fourth component of the project is assisting non-state actor's oversight, this component will assist the development of the analytic and dissemination capacity of non-state actors in exercising scrutiny of the use of public resources, as well as building a constituency for reform of the PFM system across an array of non-state and government actors. The fifth component of the project is project management, under this component project administration unit will be established within the MOFED and will be staffed with a project manager who will also have monitoring and evaluation responsibilities for the Integrated Public Financial Management Reform Project (IPFMRP), a procurement specialist and a project accountant.