Liberia - Institutional Support Project for Governance, Economic Management and Poverty Reduction

The present intervention concerns the Institutional Support Project (ISP) for Governance, Economic Management and Poverty Reduction. It's designed to help mitigate the cumulative effects of the deteriorating situation and the disruption of the country's administrative apparatus. This project is expected to strengthen the capacity of the public administration in economic management and governance, with a view to reducing poverty. It also aims at putting in place an adequate logistical infrastructure in the beneficiary institutions and the establishment of an adequate institutional framework and working procedures between relevant public sector institutions, required for the effective and efficient fulfillment of tasks and responsibilities of public servants in the abovementioned areas. In addition, the project aims at putting in place an effective project implementation team, including an adequate monitoring and reporting framework. It comprises five main components, namely: 1) strengthening capacity for macro-fiscal analysis and policy formulation, and revenue collection/monitoring; 2) strengthening capacity for budget preparation and monitoring of budget execution; 3) strengthening capacity for national/sectoral strategic planning/programming and monitoring/evaluation; support to the PRS process; 4) strengthening capacity for the application and effective delivery of the rule of law; and 5) project management.