A new strategy to sustain the gains in the Public Financial Management (PFM) and Reform Strategy and Action Plan at the Ministry of Finance and Development Planning (MFDP) will begin at a two-day (Dec. 16-17) validation conference for stakeholders in the country.
The conference will involve a review of the structure, content, relevance and sequencing of the strategy to enhance the Government of Liberia’s service delivery awareness and promoting transparency and accountability in managing public finances.
It will also focus on improving and building credible institutions and modernizing existing systems, processes and practices in the country.
In an interview with the Daily Observer yesterday, the coordinator of the PFM reforms at the Finance Ministry, Mr. Emmanuel Togba, said the PFM sector, like many others, suffered severe decline during the civil crisis as transparency and accountability in the use of public resources became almost nonexistent.
Most of the PFM institutions, he said, collapsed, systems failed, and human capacity deteriorated culminating in a situation in which there was near complete absence of procedures in the application of public resources. “With assistance from our development partners, the government enacted the PFM Act in 2009 to strengthen greater transparency and accountability around public resources,” he said.
“So, this conference will serve as a rallying point for attracting support from the development partners and other stakeholders; and at the end of the conference, the agreed strategy will drive government’s reform agenda from 2017 to 2020,” Togba added.
Mr. Togba said the conference will also bring together key internal and external stakeholders, including the Ministry of Justice, General Auditing Commission, Governance Commission, Civil Service Agency, as well as the development partners, namely the World Bank, IMF, USAID, EU, SIDA, AFDB, among others.
In 2006, the Government of Liberia initiated reform within the public financial sector which sought to improve budget coverage, fiscal policy management, financial control, and oversight of government finances.
Meanwhile, several international partners through a multi-donor trust fund are supporting the conference.