Liberia: Public Expenditure and Financial Accountability (PEFA) Assessment

IMF Staff Country Reports, September 18, 2012

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Liberia: Public Expenditure and Financial Accountability (PEFA) Assessment

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Bibliographic details

• Published: September 18, 2012
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475510645.002

Assessment overview

• The IMF Fiscal Affairs Department (FAD) led an external assessment of the central government’s public financial management (PFM) systems based on the Public Expenditure and Financial Accountability (PEFA) methodology.
• The assessment examines progress since the PEFA assessment of 2007 and provides a renewed baseline for monitoring progress in PFM reform and for supporting the Government of Liberia (GoL) in refining, where necessary, the current PFM reform strategy.
• Subject areas covered: Budget planning and preparation; Expenditure; Fiscal accounting and reporting; Public financial management (PFM); Revenue administration.
• Keywords reported: annual budget, Budget planning and preparation, cash position, central government, collection ratio, CR, debt management, Fiscal accounting and reporting, fiscal year, Global, internal audit, ISCR, West Africa.

Methodology, partners, and support

• Methodology: Public Expenditure and Financial Accountability (PEFA) methodology.
• Led by: IMF Fiscal Affairs Department (FAD).
• Collaboration with: Ministry of Finance’s (MoF) PFM Reform Coordination Unit (RCU).
• Participation from: Staff of the African Development Bank and the World Bank.
• Financial support from: the European Union and Sida.

Purpose, scope, and review process

• Purpose: Provide a renewed baseline for monitoring progress in PFM reform and to support the GoL in refining the PFM reform strategy as needed.
• Scope: Assessment of central government PFM systems; progress since the 2007 PEFA assessment.
• Assessment snapshot date: April 23, 2012.
• Review and quality assurance: The report was reviewed by the Government of Liberia (GoL), the PEFA Secretariat, a donor reference group, and FAD, with FAD responsible for quality assurance.

Content in this bundle

• Summary of the PEFA 2012 Assessment in Comparison with PEFA 2007
  • Summary of the PEFA 2012 Assessment in Comparison with PEFA 2007 (Markdown version)
  • Summary of the PEFA 2012 Assessment in Comparison with PEFA 2007 (PDF)