The Ministry of Finance and Development Planning will hold a two-day validation conference on Liberia’s New Public Financial Management (PFM) Reform Strategy and Action Plan. The two-day exercise takes place at the Cape Hotel located in Mamba Point. The conference starts Friday, December 16 and concludes Saturday, December 17.
According to an MFDP Release, the validation exercise will involve a review of the structure, content, relevance and sequencing of the strategy aimed at enhancing the Government of Liberia’s service delivery responsiveness and promoting transparency and accountability in managing public finances. The release states that the new strategy is intended to sustain the gains already made in Public Financial Management, improve on building credible institutions and modernize existing systems, processes and practices. At the end of the two-day validation conference, the agreed strategy will drive Government's reform agenda from 2017 to 2020. It will also serve as a rallying point for attracting support from the development partners and other stakeholders. The conference will bring together key internal and external stakeholders including 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, and AFDB among others. In 2006, the Government of Liberia initiated reform within the public financial sector. The reform seeks to improve budget coverage, fiscal policy management, financial control, and oversight of government finances in Liberia. Several international partners through a multi- donor trust fund are supporting it.