| Project Detail |
The goal of the project is to improve public expenditure management for the delivery of basic public services and critical infrastructures, and thereby provide a better business enabling environment for private sector growth in Libya.
Project ID:P-LY-KF0-001
The goal of the project is to strengthen and modernize the public financial management systems in order to improve public expenditure management for the delivery of basic public services and critical infrastructures, and thereby provide a better business enabling environment for private sector growth in Libya. The objective is to support the advancement of a comprehensive Public Financial Management (PFM) Reform Strategy to digitize PFM within the governmentthathas huge financial assets but no viable PFM system, with the aim to enhance the effectiveness, transparency, and accountability of public expenditure. As part of the PFM Reform Strategy, particular attention will be given to enhancing competition, efficiency,and transparency in public procurement,establishing the institutional framework for Public Private Partnerships (PPPs), together with reforming State-OwnedEnterprises (SOEs),thereby providing greater opportunities for the private sector to engage in Libya’s development.•Target BeneficiariesThe grant recipient and directbeneficiary is the Ministry of Finance (MOF) of Libya. The PFM reformprogramwill however affect all parts of government;therefore,all ministries and departmentswill benefit.Ultimately the entire population of Libya will benefit from an improved PFM system and an enabling business environment, for instance a more effective and efficient procurement system will support the implementation of public infrastructure projects, which will be of benefit to the entire economy and society. Because the Project supports GOL to create PFM Reform Strategy which provides an institutional improvement, effects of the Project’s products would sustain longer period. Thus, while the project directly targetsand benefitsgovernment, its effectswill spill overto the entire economy in the middle to long run.•Project Main ComponentsThe SEBE-PFM has three components. (1) PFM Reform Support (Component 1); (2) PFM Digitalization Support (Component 2), and (3) Project Management (Component 3). Component 1focuses ondraftinga short-and medium-term PFM Reform Strategy, which includes Public Procurement(PP) Reform, setting a framework of Public Private Partnerships(PPP), SOEs Reform,and Change Management Trainingfor implementing the Strategy.Component 2focuses on drafting the PFM Digitalization Strategy, which includes clear road map and action plan of GOL’s PFM digitalization.•Project Outcomes and Key Performance IndicatorsThe expected Project Outcomesare (1) The Core Government PFMReformTeam gains sufficient capacity to carry out the PFM Reform and PFM Digitalization, and (2) Tender process of IFMISand Data Center including Network Infrastructure is initiated. These outcomes are supported by five output indicators, which are expressed in the Results Frameworkin Annex2.In brief, these are (1) PFM Reform Strategy drafted, and approved, |
