About PFMU

The Project Financial Management (PFMU) was created by the Government of Liberia within the Ministry of Finance (MOF) in 2007.  The formation of this Unit came about after the Government finalized arrangement with various donors to finance a program of rehabilitation and reconstruction of vital sectors of the economy after 15 years of civil conflict.


The Project Financial Management Unit (PFMU) of the Ministry of Finance (MOF) is tasked with providing a centralized unit for financial management for World Bank funded projects. Specifically, it is to:

•    Carry out disbursement of donor funds in accordance with World Bank procedures;
•    Draw down of funds from the World Bank;
•    Financial reporting on receipts and disbursement of funds;
•    Arrange for annual audits

At its establishment, 3 World Bank funded projects under Ministry of Public Works (MPW) were assigned to it: Emergency Infrastructure Project (EIP) ($30 million), Emergency Infrastructure Project Supplemental Component (EIP-SC) ($16.5 million), and Infrastructure Rehabilitation Project (IRP) ($8.5 million).
At present,  39 projects from the World Bank, African Development Bank, Pool Fund, Swedish International Development Cooperation Agency, Department for International Development-UK, and the Nike Foundation are held by the PFMU for financial management.

In addition to financial management for the 39 projects, the Unit also carries out:

A.    Project implementation and management for 3 of the above 39 projects at the request of the World Bank and AfDB. The projects are WB: EGIRP, Grant H385 $11 million, PRSP $0.7 million; AfDB: ISP Proj. $4.5 million;
B.    Assists MOF on various assignments such as recruitment, MOF financial system - migration from expenditure reporting to double entry system using an accounting package called Sun systems, auditing or reviews for revenue department, assisting MoF Internal Audit, Cash Management Committee, lecturing in FTMS, and other technical services from time to time.
 

Vision and values
PFMU will be a trusted, dynamic and valuable partner, supporting Liberia to eradicate poverty and achieve its rebuilding agenda, whilst fostering sustainable Financial Management of donor projects. We will, as a unit within the Ministry of Finance, respond to the development needs in Liberia in area of Financial Management which is in alignment with the national priorities and in consultation with development partners.
We work together
We respect the individual
We seek the facts and provide insight
We uphold the highest standards of ethics and conduct in all activities
We seek to develop our staff for the challenges that lie ahead of them not only for the short term but also the long term.

In building a best-run finance unit, we aim to:
•    increase operational efficiency,
•    improve corporate strategy,
•    better manage risk and compliance, and
•    Spur unit growth and innovation.

Our Partners

Partners
Our team

The Unit comprises of:

*    A Unit Manager  – Internationally Recruited
*    Project Accountants – Internationally Recruited
*   Assistant Project Accountants – Local Counterparts
*   Project Internal Auditor – Internationally Recruited
*    Assistant Project Internal Auditor – Local Counterparts
*    A Procurement Specialist  – Internationally Recruited
*    Secretaries
*    Office Assistance


Contact us

The PFMU is located on the 3rd Flood, Room number 310 of the Ministry of Finance.

Mailing Address of the PFMU

Project Financial Management Unit
3rd Floor,
Ministry of Finance
Monrovia-Liberia


Electronic Mail (Email) address:

info.pfmu@mof.gov.lr


Office of the PFMU
Acting Unit Manager, Chris Sokpor
Cell: +231 6 527 947

Executive Assistant, Jebbeh Cole
Cell: +2316880497


Working with us

PFMU provides real competitive and professional working environment coupled with excellent working condition for its staff. PFMU is a highly professional working environment where staffs from various walks of life, nationalities, and expertise converge and work together to achieve the objectives of the Unit.

The Unit recruits its staff both nationally and international in order to obtain the best quality of qualified and experienced individuals in project financial management.
Individual seeking employment with us must meet the eligibility requirements listed for the post advertised.