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Liberia - Integrated Public Financial Management Reform Project - PCR

17-Sep-2018

The Liberia Integrated Public Financial Management Reform Project (IPFMRP) was launched in 2012 to provide support to PFM operations over a period of four years. The IPFMRP, underpinned by the results of various diagnostic assessments, was instituted as a vehicle to implement the PFM Reforms Strategy and Action Plan (2011-2016). The project’s principal objectives were to improve budget coverage, fiscal policy management, financial control, and oversight of government finances. At the end of original project completion date of June 30, 2016, the Government’s request for a one year no cost extension was granted by the Bank to continue with the implementation of programs that were affected by the outbreak of the Ebola Virus Disease (EVD) in 2014. The overall funding of the project amounted to US 31.5 million: Initial funds of USD28.5 million came from World Bank, Sida, AfDB and USAID. Additional funding of USD 3 million was provided by EU to support reform activities in the areas of Civil Society and Social Accountability and PFM in the Justice System. The IPFMRP officially closed on June 30, 2017. The project objectives, which identified the need to improve budget coverage, strengthen fiscal policy management, financial control, and oversight of government finances and the activities in achieving those objectives, were relevant and remained well on course throughout the period of the project implementation. The objectives were also consistent with the Bank’s Country Strategy Paper (2013-2017), which focused on improving public investment, budget management, efficiency of public finances and a more transparent and accountable use of public resources

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