• Référence: P-SL-K00-007
  • Date d’approbation: 07/05/2014
  • Date de début: 20/11/2014
  • Date d'évaluation: 15/02/2014
  • Statut: En coursOnGo
  • Agence d'implémentation: MINISTRY OF FINANCE


XI.Project description and components 11.1 Project Components: A comprehensive PFM Reform Strategy anchored in the country's development strategy was approved by the Government in May 2013. The strategy provides a comprehensive framework on which to base further development assistance to ensure that interventions and support are coordinated, well sequenced and aligned with GOL needs and priorities. Based on the Government's PFM reform strategy, the proposed operation has five components which are mutually reinforcing:

(i) enhancing budget planning and credibility;

(ii) financial control, accountability and oversight;

(iii) strengthening revenue mobilization and administration systems;

(iv) strengthening local governance, financial management and accountability systems; and

(v) PFM reform coordination and project management. The major activities are summarized in the table below. ComponentsEst. cost (USD million)Component description Component 1: Enhancing Budget Planning, and Credibility Total =USD 1.52 AfDB=USD 0.174 MDTF=USD 0.749 IDA=USD 0.640"Training in macroeconomic modeling, fiscal risk management & reporting "TA support to implementation of the Public Investment Management Unit "Support for strengthening budget framework and formulation Component 2: Financial Control, Accountability, and OversightUSD 15.28 AfDB=USD 1.75 MDTF=USD 7.53 IDA=USD 6.001"Technical support for the roll-out of the IFMIS and training on IFMIS "Establishment of Single Treasury Account "Training and capacity building in accounting and financial reporting; internal audit; aid management, M&E and procurement certification. "Training for Legislature in budget analysis and reporting on audit reports "Training for civil society in advocacy, oversight and monitoring Component 3: Strengthening of Revenue Mobilization & Administration SystemsUSD 4.56 AfDB=USD 0.522 MDTF=USD 2.247 IDA=USD 1.791"Technical support for revenue and tax policy "Technical support to consolidate Customs Regulations "Training in tax administration IT system (200 staff) "Procurement of hardware and related software Component 4: Strengthening Local Governance, Financial Management and Accountability SystemsUSD 4.127 AfDB=USD 0.473 MDTF=USD 2.034 IDA=USD 1.621"TA support for preparation of multi-year budgets "Training at local council level in financial reporting, collection and account for revenue; internal audit and procurement. "PETs conducted in education and health Component 5: PFM Reform Coordination and Project ManagementUSD 2.984 AfDB=USD 0.366 MDTF=USD 1.361 IDA=USD 1.256"Recruitment of dedicated specialist and administrative support. "Production of annual self PEFA assessment "Short term TA for designing reporting requirements (M&E framework) "Logistic support Total Project CostUSD 28.5 million of which AfDB contribution is USD 3.5 million


IX.Project Rationale 9.1 PRSP and CSPs priorities, key development issue(s) project is aiming to address 9.1.1 The proposed operation is aligned with the country's poverty reduction strategy (Agenda for Prosperity (A4P) 2013-2017) and supports the new PFM Strategy. The rationale for the project is consistent with the A4P - 'Governance and Public Sector Reform' Pillar which recognizes that sound PFM is crucial to achieving economic growth, particularly in the light of the impending mineral resource wealth. It also operationalizes the new PFM Reform Strategy (2014-2017). 9.1.2 Deepening of PFM reforms in support of good economic governance is consistent with the first pillar of the Bank's Country Strategy - "Enhancing Economic Governance and Transparent Management of Natural Resources", which aims to ensure efficiency, transparency and accountability of public institutions in the management of their revenues and expenditures. The project is firmly anchored in one of the core operational areas and pillars of the Bank Group's Strategy (2013-2022) and the Governance Strategic Framework and Action Plan II (2014-2018). 9.1.3 The need to deepen PFM reforms in Sierra Leone is critical as it progressively emerges from a post-conflict fragile status. Significant discoveries of iron ore and potentially oil deposits will significantly increase Government revenues, but at the same time increase expectations in the population for improved standards of service delivery, and demands for accountability in the use of resources. The project therefore comes at a crucial time aiming to improve the state's systems and capacity to manage public resources and provide the foundation for enhanced service delivery. Through improved transparency and accountability, the project will help reduce corruption and the possible misuse of public funds, which is urgently needed given the historical nature of the past Sierra Leone conflict - based on grievances on the un-accountable use of public resources by elites. 9.2 Why the Bank Group should intervene. 9.2.1 The Bank has been an important partner supporting PFM reforms since the early nineties. Current gains need to be improved and consolidated to keep the country in the path of economic recovery. Through well-targeted institutional capacity development interventions this project will make a significant contribution to addressing the critical capacity weaknesses in general, and more specifically, would help improve Sierra Leone's PFM system by: reinforcing compliance with the PFM rules and systems through a host of intervention models, including strengthened internal and external audits as well as a strengthened oversight capacity of the Legislature and the non-state-actors over the Executives' management of public finances. The proposed operation will complement the program based operation (PBO) that is currently being designed which aims to support policy reforms in the areas of PFM and the governance of natural resource management and infrastructure . 9.2.2 Building on its substantial track record of operating in fragile states and supporting PFM, the AfDB can play a leading role in donor coordination through a co-financing Arrangement with other donors, thus adding its voice as a trusted partner to the policy dialogue with other donors. The presence of a strong representative and field office will help the Bank to play this leading role among development partners, especially given that the Bank is expected to assume the rotating chair of the budget support group in which PFM underpins policy dialogue with Government.


11.5 Expected/designed cross-cutting focus/benefits. 11.5.1 Social Impact and Poverty Reduction. The aim of the project is to enhance government capacity to implement reforms and manage public resources efficiently and effectively. This will strengthen and leverage the impact of the national budget on delivery of services, and poverty reduction through increasing efficiency and effectiveness of resource allocation and budget execution. More specifically, the direct beneficiary of the operation will be key institutions focused on PFM including the MoFED; the AGD; the Internal Audit Department; the National Revenue Agency; the National Public Procurement Agency; Local Councils; and the ASSL. Additionally, the project will benefit the Legislature and non-state actors in exercising demand-side accountability to enhance external oversight. The project is therefore expected to have positive social impacts through improved public confidence in Government in the management of public finances in a more transparent and accountable manner. The impact on poverty and all other cross cutting areas will therefore be indirect, but significant. The project will promote gender balance through the training programs. 11.5.2 Impact on the Environment. The project will have no adverse impact on the environment. The proposed project is environmentally classified as Category 3. 11.5.3 Participatory process. The project supports the Government's new PFM reform strategy which was prepared through a broad participatory process involving consultations with a range of actors including Ministries, Department and Agencies, CSO, parliamentary committees and development partners. The main issue raised by Government that informed the design of the PFMIC is the need to coordinate and harmonize development assistance under one umbrella. 11.5.4 Monitoring Arrangements. The Bank will undertake bi-annual supervision missions as part of the joint PFM donor review and M&E arrangements. The Government will submit bi-annual progress reports to the WB and the AfDB on the implementation of the project. The SLFO will play an active role in coordination, country dialogue, and program M &E.

Contacts clés



Source Montant
FADUAC 2.300.000
TotalUAC 2.300.000
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