Libya Public Financial Management (LPFM)

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PROGRAM OVERVIEW

USAID’s Libya Public Financial Management (LPFM) activity advances Libya’s self-reliance and stability by:

  • Strengthening the Government of Libya’s (GOL) public financial management (PFM) systems to improve budget transparency and more equitable distribution of Libya’s energy resources;
  • Enhancing Libya’s energy efficiency, conservation, and reliability; and
  • Improving Libya’s business enabling environment to stimulate private sector growth and investment.
    • Life of Program: Two years (with an option for up to three additional years)
    • Inception Date: September 16, 2019
    • Total Estimated Cost: $14.9 million *
    • USAID Implementing Partner: The Pragma Corporation

    * Subject to availability of funds, and a decision to exercise option years, total estimated cost is up to $55 million over five years.

    PROGRAM ACTIVITIES

    USAID’s LPFM will:

    • Build the capacity of the Ministry of Finance’s Macro-Fiscal Unit (MFU) to conduct economic forecasting necessary to inform Libyan decision-makers in budget development and execution
    • Promote fiscal decentralization in coordination with national and local institutions
    • Enhance civil society capacity to contribute to and oversee municipal budget formulation and execution.
    • Assist key energy sector partners to develop and implement a demand-side management action plan to improve efficiency and sustainability.
    • Stimulate private sector development through improved economic governance and the reform of associated laws, regulations, and policies.

    CONTACT INFORMATION : The Pragma Corporation . Tunis - Immeuble Emeraude Center - 8th floor. Bureau B8-1 and B8-2 - Les Jardins du Lac 2 - 1053 - Les Berges du Lac. Libya - Hay Al Andalus, Greater Tripoli. Tel : +216 71862387 or +216 71862379. Email: lpfm@pragmacorp.com .

Last updated: April 22, 2020

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