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Liberia Integrated Public Financial Management Reform Project

Development Objective

The objective of the proposed project is to 'Improve budget coverage, fiscal policy management, financial control, and oversight ofgovernment finances in Liberia' In order to achieve the development objective, the project would support the implementation of reform actions identified in the GoL approved PFM Reform Strategy under the following key themes: (i) Improving budget credibility; (ii) Expanding budget coverage and strengthening budget execution; (iii) Strengthening revenue mobilization; (iv) Enhancing transparency and accountability in PFM; (v) Enhancing controls and respect of the PFM legal framework; and (vi) Strengthening treasury management. It will establish tangible improvements in transaction processing, reconciliation, and fiscal and financial reporting procedures; and improve budget management and resource allocation and administrative capacity to gradually develop Liberia's own institutional, organizational, informational, and human resource capacities. The PFM Reform Strategy objectives against each of the themes are addressed in the project components as designed, where one or more objectives have been combined for efficiency and implementation sake. The Strategy is anchored on five basic criteria: sequencing of major actions; simplicity and realism; lessons learned in prior reforms; ownership and sustainability; and partnership and collaboration.

Key Details

Project Details

  • P156384

  • Closed

  • Donald Mphande

  • Ministry Of Finance

  • Liberia

  • June 29, 2015

  • (as of board presentation)

    September 26, 2016

  • N/A

  • US$ 2.66 million

  • Ministry Of Finance and Development Planning

  • Western and Central Africa

  • 2017

  • US$ 2.66 million

  • C

  • Not Applicable

  • June 30, 2017

  • BANK APPROVED

  • P127319

  • March 21, 2017

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
EC: European Commission 2.66

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 2.66
Total Project Cost** 2.66

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Moderately Satisfactory 2017-03-01
Progress towards achievement of PDO Moderately Satisfactory 2017-03-01

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • PEFA PI-12 Multi-year perspective in fiscal planning, expenditure policy and budgetingValueD+C+B
    DateMay 15, 2015November 11, 2016June 30, 2017
    Comment
  • PEFA PI-7 Extent of Unreported Government OperationsValueD+D+B
    DateMay 15, 2015November 11, 2016June 30, 2017
    Comment
  • PEFA PI-18 Effectiveness of payroll controlsValueD+C+B
    DateMay 15, 2015November 11, 2016June 30, 2017
    Comment
  • PEFA PI-20 Effectiveness of internal controls for non-salary expenditureValueC+C+B
    DateMay 15, 2015November 11, 2016June 30, 2017
    Comment
  • PEFA PI-25 Quality and timeliness of annual financial statementsValueDC+C+
    DateMay 15, 2015June 30, 2017
    Comment
  • PEFA PI-26 Scope, nature and follow-up of external auditValueDC+
    DateMay 15, 2015November 11, 2016June 30, 2017
    Comment
  • PEFA PI-28 Legislative scrutiny of external audit reportsValueDD+C+
    DateMay 15, 2015November 11, 2016June 30, 2017
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Variance between revenue forecasts and actual collectionsValue5.009.003.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • M&As generating monthly expenditure reports through IFMISValue2.0097.0040.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Annual PEFA Self-AssessmentsValueYesYesYes
    DateJune 19, 2014November 30, 2016June 30, 2017
    Comment
  • Quarterly fiscal operations reports (FORs) generatedValueYesYesYes
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Variance between M&As appropriations and actual expendituresValue10.0012.005.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Proportion of Government balances in Treasury Single AccountValue0.00100.0095.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Donor projects in CAGD-based IFMIS reportsValue0.0030.0030.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Internal Audit staff holding professional certifications qualificationsValue0.0060.0060.00
    DateJune 19, 2014November 30, 2016June 30, 2017
    Comment
  • Qualified procurement staff in M&AsValue40.00182.00165.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Qualified external audit staff in GACValue40.00150.00165.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment
  • Annual financial statements generated through IFMIS after FY endValue6.007.003.00
    DateJune 19, 2014November 30, 2016June 30, 2017
    Comment
  • Benchmarks in budget information from MoF met out of nine as defined by PEFA PI-6Value5.006.007.00
    DateJune 19, 2014November 11, 2016June 30, 2017
    Comment