MONROVIA, LIBERIA-Deputy Finance Minister for Fiscal Affairs, Anthony Myers, has emphasized the urgent need to identify and implement critical adjustments to ensure that financial instruments meet current demands in Liberia’s Public Financial Management (PMF) Sector.

Speaking at the opening of a five-day workshop, organized by the PFM Reforms Coordination Unit of the Finance Ministry in Buchanan, Grand Bassa County on Monday, March 31, 2025, Deputy Minister Myers disclosed that the workshop aims at providing a “status update” on the activities outlined in the 2024-2027 PFM Strategy and Action Plans.

He said participants will be engaged in an analytical review of financial instruments, pinpointing essential adjustments required to ensure their relevance and effectiveness in addressing the evolving needs of Liberia’s financial system.

Deputy Minister Myers further emphasized the importance of delving into key issues that will guide the review of the 2024-2027 PFM Strategy and Action Plan.

He noted that the discussions will tackle challenges related to budget preparation, approval processes, and execution, including budgetary transfers, as well as the application of various revenue laws.

The Finance Ministry, in collaboration with the International Monetary Fund (IMF), has been working on the development of a comprehensive PFM Strategy and Action Plan for 2024-2027.

The strategy, which was officially endorsed by the Liberian Cabinet on September 13, 2024, is designed to drive significant reforms aimed at improving Liberia’s financial management system.

By: Anthony Vanwen