Public Financial Management Reforms for Institutional Strengthening

closed

The development objective of Public Financial Management (PFM) Reforms for Institutional Strengthening Project for Liberia is to improve domestic revenue mobilization systems, and strengthen financial control and accountability in public finances. The project consists of five components. 1) The first component, : Enhancing Domestic Revenue Mobilization Sources and Systems, is designed to improve taxpayer service and compliance to mobilize sufficient resources for the delivery of public services. It has the following two subcomponents: (i) Improve Tax Policy; and (ii) Capacity Development and Strengthening the Technological Basis of Tax Administration. 2) The second component, Stabilizing and Strengthening Performance of Financial Controls and Systems,is designed to finance the introduction of the integrated financial management information system (IFMIS). It has the following four subcomponents: (i) IFMIS Improvement and Rollout Support; (ii) Enhancing the Budget Framework; (iii) Preparing for modernization of Procurement Systems in the Public Sector; and (iv) Open Data. 3) The third component, Improving Public-Sector Capacity for Enhanced Oversight and Accountability, aims to boost internal and external oversight by strengthening core accountability and integrity institutions, as well as providing support for the ability of civil society to participate in evidence-based policy discussions. It has the following two subcomponents: (i) Improving Parliamentary, and Internal and External Oversight Effectiveness; and (ii) Institutional Capacity Building. 4) The fourth component, Improving Upstream and Downstream PFM Systems in Selected Sectors, was designed to reduce the extent of existing core PFM-related bottlenecks within the chosen sectors that significantly impede the goal of improved service delivery systems, a necessary precondition toward improving Liberia’s human capital. It has the following two subcomponents: (i) : Strengthening Foundations for Improved PFM Systems in the Health and Education Sectors; and (ii) Improving PFM Systems in the Health and Education Sectors. 5) The fifth component, Project Management, is designed to ensure the effective, proper management, and results-driven implementation of the project, as well as to provide the just-in-time interventions that may arise. It has the following subcomponent: Project Management and Establishment of the project management unit (PMU).