Liberia Integrated Public Financial Management Reform Project

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The development objective of the Integrated Public Financial Management Reform Project is improved budget coverage, fiscal policy management, financial control, and oversight of government finances of Liberia. There are five components to the project. The first component of the project is enhancing budget planning systems, coverage, and credibility. The objective of this component is to establish comprehensive budget coverage and strengthen fiscal policy and budget management at all levels of government. The second component of the project is strengthening Project Financial Management (PFM) legal framework, budget execution, accounting, and reporting. The objective of this component is to strengthen the legal basis for budget management while ensuring that the budget is executed as planned and the quality of information on fiscal operations is improved for more informed government decision. The third component of the project is revenue mobilization and administration. The objective of this component is to complement efforts aimed at improving the efficiency and integrity of revenue administration in order to increase domestic revenue of central government entities, and to integrate revenue systems within overall PFM. The fourth component of the project is enhancing transparency and accountability. The objective of this component is to improve transparency and accountability in PFM by increasing the Government's ability to report on and account for public revenues and expenditures and to strengthen the General Auditing Commission and Legislature, enabling them to execute better their oversight function as assigned under the Liberian Constitution and the PFM Act. The fifth component of the project is program governance and project management1. The objective of this component is to provide a robust project and program management function that caters to the needs of integrated coordination and monitoring of the implementation of the program, serve as the enabling component for delivery of PFM human resource capacity, and assure the appropriate sequencing of interventions across the various reform fronts consistent with the criteria in the PFM reform strategy.