Over the last 25 years Liberia experienced a decline in the quality of public management of the nation’s finances, illustrated in European Commission financed audits of a number of Liberia’s State Owned Enterprises (SOEs). As a result, the World Bank together with its development partners adopted a more robust approach to economic governance in Liberia. Initially signed by the post-war National Transitional Government of Liberia (NTGL), the Governance and Economic Management Assistance Program (GEMAP) has been embraced by the new administration of the democratically elected President Ellen Johnson Sirleaf. GEMAP was developed to help improve the financial and fiscal administration, transparency and accountability, clear mandates of the Johnson Sirleaf Government. The main components of GEMAP are:
- Financial Management and Accountability
- Improving Budgeting and Expenditure Management
- Improving Procurement Practices and Granting of Concessions
- Establishing Effective Processes to Control Corruption
- Supporting Key Institutions
- Capacity Building
For more information, please refer to the GEMAP (pdf) document.
|
RSS