Sierra Leone Audit Service Capacity Building Support Project (WB-P161814)

Countries
  • Sierra Leone
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 3, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Sierra Leone
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 13, 2017

Disclosed by Bank Oct 28, 2016


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Project Description
The stated objective of the project is to "improve the quality and efficiency of public sector audit, thereby strengthening external oversight over the management of public resources in Sierra Leone. The project will consist of the following components: Component 1- Strengthening Professional Capacity: The objective of this component is to create professional capacity to support strengthening of the financial oversight roles of the Audit Services of Sierra Leone (ASSL), and submission of timely quality audits to the Public Accounts Committee to ensure transparency and accountability on the use of public funds. Activities that shall be financed under this component include: i) engagement of a consultant to provide hands-on training and development for ASSL in revenue audits. Component 2: Enhanced understanding of ASSL audit reports issued. The objective of this component is to make it easier for the public to read and appreciate reports issued by the institution. Activities that shall be financed under this component include; i) engagement of consultants to train and develop ASSL staff to produce simplified versions of ASSL audit reports including developing pictorial and vocal depictions for the benefit of the public to promote understanding of the audit findings. Component 3: Project management, M&E, and Audit: This component would finance; i) Project Coordinator within the ASSL who would support and facilitate the interaction among different units within ASSL, and interaction with the PMU and overall project monitoring."
Investment Description
  • World Bank (WB)
Contact Information
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