The African Peer Review Mechanism (APRM) was effectively established by the Abuja Declaration on 9th March 2003 as an instrument for the review of political, economic, corporate governance and socio-economic development, in any of the African Union member states that voluntarily accede to the mechanism. In 2016, the APRM Statute provisionally came to force, and under Article 2, effectively established the mechanism as a Specialized Agency within the African Union.

The APRM has the mandate to promote and facilitate self-monitoring by the Participating States, and to ensure that their policies and practices conform to the agreed political, economic, corporate governance and socio-economic values, codes and standards contained in the Declaration on Democracy, Political, Economic and Corporate Governance; and the African Charter on Democracy, Elections and Governance, as well as other relevant treaties, conventions and instruments adopted by Participating States whether through the African Union or through other international platforms.

In the implementation of its mandate, the APRM has the primary purpose of fostering the adoption of policies, standards, and practices that lead to political stability, high economic growth, sustainable and inclusive development, as well as accelerated regional and continental economic integration, through sharing of experiences and reinforcement of successful and best practices.

As of January 2017, 36 countries of the African Union had acceded to the APRM. The Republic of Liberia is the 22nd of the 36 to undertake a first Country Review.

The African Peer Review Mechanism (APRM) is a self-monitoring instrument voluntarily acceded to by member states of the African Union, meant to help the African States create a conducive environment for development; It fosters the adoption of policies, standards, and practices that lead to political stability, high economic growth, sustainable development and accelerated sub-regional and continental economic integration through sharing of experiences and; It is also meant to reinforce successful and best practices, including identifying deficiencies in bid to address them.As Africa entered a new millennium, it was faced with different development challenges including conflicts, institutional decay, leadership and managerial deficit, gender inequality, endemic corruption, and economic mismanagement.

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A key focus of the new Ministry of Finance and Development Planning is to continue ongoing work around public sector financial management reform. The Public Financial Management (PFM) sector, like many others, suffered a severe decline during the civil crisis as transparency and accountability in the use of public resources became almost nonexistent. Most of the PFM institutions collapsed, systems failed, and human capacity deteriorated culminating in a situation in which there was a near-complete absence of procedures in the application of public resources. With assistance from our development partners, the Government enacted the PFM Act in 2009 to strengthen greater transparency and accountability around public resources.

A PFM Steering Committee (SC) is in place and responsible for strategic oversight of the reform program. It provides policy coordination and serves as the forum for resolving strategic issues impeding or attending program implementation. It is chaired by the Minister of Finance and Development Planning and includes the Minister of Justice, Minister of Internal Affairs, Minister of State for Presidential Affairs, Director General of the Civil Service Agency, the Auditor General, General Auditing Commission (GAC), and Executive Director General, Public Procurement. The committee meets quarterly.

The Project Technical Committee (PTC), is the forum where all Component Managers provide status updates on the implementation of their program activities. Theme Leads are selected by the respective beneficiary departments or agencies for each of the five components of the Project. The PTC meets monthly.

At the technical and operational level, the Reforms Coordination Unit (RCU), set up in 2010 and headed by a Coordinator, is in charge of the day to day operational administration of PFM coordination.

The Government has adopted a PFM Strategy and Action Plan (2010-2014) as the framework for the re-introduction of the necessary institutions, processes, and procedures meant to enhance the PFM systems in Liberia.

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The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

 The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

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The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

BOIMA S. KAMARA, Economist; MPhil Econs, MSc Applied Econs A goal driven Economist with outstanding managerial and technical skills. Humbly served in several capacities including former Minister of Finance and Development Planning of Liberia and Deputy Governor (DG) for Economic Policy at the Central Bank of Liberia, among others. He comes with institutional memory on the monetary and fiscal sectors of Liberia, the 15-member states of ECOWAS, the ECOWAS, and the AU, especially the work of the African Peer Review Mechanism (APRM) given that he once served as Liberia’s Focal Person. As an individual driven by teamwork, succeeded in working with the IMF, World Bank, AfDB, and European Commission on several issues relating to economic governance and management including public financial management reforms such as open budget initiative, public procurement and civil service reforms, transparent budget execution, and debt sustainability. He was successful in bringing to closure Liberia's 3-year ECF Program with the IMF in November of 2017. Also, he worked closely with the IMF and World Bank on other major programs including the Staff Monitoring Program (SMP), Poverty Reduction and Growth Facility (PRGF), Extended Credit Facility (ECF), and the World Bank Country Diagnostics Study on Liberia. As Deputy Governor, he had oversight roles on banking supervision and regulation, financial market operations, and coordination of the IMF Article IV and Safeguards Assessments engagements with Liberia, research, financial markets, among others. Boima also served as International Consultant assigned to the United Nations Economic Commission for Africa (UNECA) sub-Regional Office for West Africa based in Niamey, Niger and was a part of a team of consultants doing a feasibility study to understand the skills gap in the economic growth sector of Liberia.  For the last 8 months, he served as Health Financing Advisor to the Africa Centres for Disease Control and Prevention (CDC) Health Economics and Financing Program (HEP). He comes with strong skills in Policy, Program Development, and Implementation; Public Financial and Macroeconomic Management; Resource Mobilization, Capacity Building, among others.

He holds 2 master’s degrees: MPhil Economics with concentration in Health Economics, Monetary Economics, International Economics, and Advanced econometrics Theory and Practice from the University of Ghana, Legon and MSc. Applied Economics with a concentration in Financial Economics from Johns Hopkins University. He is also an Alumnus of African Economic Research Consortium’s Collaborative Master of Arts Program.

Boima is a devout Christian, married to Atty. Nadia Sartus Kamara and blessed with 5 children.

The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.