The GEMAP Components
The GEMAP Agreement targets six key components along the public revenue and expenditure management stream in an effort to bring greater control over the country's public finances. Progress to date and next steps are described under each of these components:
1. Securing Liberia’s Revenue Base – Protecting the funds flowing into the government accounts from key revenue-generating institutions, as well as customs charges, fees, and taxes, through the establishment of transparent and accountable financial systems and procedures, building capacity, and reinforcing transparency with internationally recruited technical assistance and oversight.
2. Improving Budgeting and Expenditure Management – Strengthening and clarifying the budget formulation and execution procedures well as the financial management processes of Liberian government expenditure by building capacity, putting clear and robust procedures and systems in place, and making information on the budget and spending publicly available.
3. Improving Procurement Practices and Granting of Concessions – Ensuring that all government procurement, concessions, contracts, and licensing are undertaken openly, transparently, and according to international standards, so that the people of Liberia get the best value for their money.
4. Establishing Processes to Control Corruption – Putting mechanisms in place to detect and prevent corruption in both the public and private sector.
5. Supporting Key Institutions of Government – Strengthening of institutions that are key to promoting and sustaining accountable government and good financial management, such as the General Auditing Commission, the General Services Agency, the Governance Reform Commission, and the Public Procurement and Concessions Commission.
6. Capacity Building – Building capacity of Liberian institutions and professionals to make good governance reforms permanent and sustainable.