Rédaction Africa Links 24 with New Dawn
Published on 2024-03-12 17:56:57
The Government of Liberia and the World Bank Mission recently concluded a week-long meeting with the aim of strengthening the Public Financial Management System across various government spending entities. Finance and Development Planning Minister Boima Kamara, representing the Government of Liberia, praised the Bank for its assistance in enhancing the country’s public financial management system. He applauded the Bank for its commitment and support through capacity building and financial assistance to different sectors of the Liberian economy.
Minister Kamara emphasized the importance of the recommendations from the mission visit, stating that strengthening the public financial management system will improve transparency and efficiency in government operations. He also highlighted the need for continued engagement and support to enhance financial systems and sectors across the country. The Minister assured that all identified areas during the Bank visit will be addressed, and various systems will be made functional.
World Bank Liberia Country Manager Georgia Wallen expressed satisfaction with the engagements between the Bank and the Government of Liberia, including various stakeholders. The World Bank Senior Financial Management Specialist and mission lead, Macdonald Nyazvigo, described the mission visit as successful and well-coordinated, with significant progress achieved through technical assistance from the Ministry of Finance and Development Planning. Nyazvigo also noted the impressive progress made by stakeholders during the visit.
The concluding meeting was attended by Finance and Development Planning Minister Boima S. Kamara, World Bank Country Manager Georgia Wallen, Senior Financial Management Specialist and mission lead Macdonald Nyazvigo, and the Senior Management Team of MFDP. The collaborative efforts between the Government of Liberia and the World Bank underscored their commitment to improving public financial management in the country.
Overall, the partnership between the Government of Liberia and the World Bank represents a significant step towards enhancing governance and efficiency in public financial management. Through continued engagement, support, and capacity building, Liberia aims to achieve greater transparency and effectiveness in managing public funds. The success of the recent mission visit highlights the positive impact of collaboration between international institutions like the World Bank and national governments in driving sustainable development and economic growth.
Read the original article on The Newdawn Liberia
