Sierra Leone - Institutional Support Project to Strengthen Public Financial Management & Energy Sector Project

The purpose of the ADF-IX grant of UA 2.79 million is to assist the Government in strengthening the capacity of the institutions involved in Public Financial Management (PFM), as well as rebuilding the destroyed management, policy-making and implementation capacity of the Ministry of Energy and Power (MEP). The need to strengthen the capacity of PEM institutions is derived from the 2001 Country Financial Accountability Assessment (CFAA) Report and the May 2004 Sierra Leone’s Heavily Indebted Poor Countries (HIPC) Expenditure Tracking Assessment and Action Plan (AAP), undertaken by the world Bank and other development partners, which revealed serious weaknesses that create high fiduciary risks in the current PEM system.