The letter was meant to inform the minister and his team about a report of a review of the financial management supervision by the International Development Association (IDA) that was conducted by the Financial Management Specialist (FMS). The letter said that the same amount was accounted for and up to the time of financial management review, but the ministry and the PIU could not account for the cash. “As such, it was agreed that USD1,000.00 be declared ineligible.”During the financial management review, it was discovered that the FMO recruited for the project did not meet the minimal requirement. If the government fails to do so, the Bank warned that the financial management and overall ratings of the project would be affected. “This declaration would also impact the performance rating of the entire Government of Liberia World Bank Program,” the Bank said.

Source: Daily Observer December 06, 2019 02:26 UTC