Cote d’Ivoire, Guinea - First Phase of the Public Resource Management for Jobs and Growth Multiphase Programmatic Approach

Overview & Synopsis

Guinea Domestic Revenue Mobilization and Public Expenditure Management for Guinea has the development objectives to improve domestic revenue mobilization, public expenditure, and debt management. Component 1: Domestic Revenue Mobilization strengthens policy and administration to broaden the tax base, raise compliance, and improve mining revenue governance, through Sub-components: Tax Policy, which supports a Medium-Term Revenue Strategy, a tax expenditure registry and reporting, alignment of excise regimes, and introduction of a pilot carbon pricing instrument for the bauxite sector; Revenue Administration, which upgrades and integrates core systems to enable a reliable taxpayer registry, secure e-filing and e-payment, risk-based compliance and audit, improved taxpayer services and grievance redress, enhanced customs selectivity and post-clearance audit with interoperability between customs and tax systems, stronger valuation and control of mineral exports, and consolidation and digital collection of non-tax revenues with better oversight of state assets and state-owned enterprises; Natural Resource Management, which operationalizes an inter-ministerial mining revenue task force, builds an inter-agency data platform for real-time fiscal and production information, launches a rolling transfer pricing audit program for multinationals, supports Extractive Industries Transparency Initiative processes, and develops governance for a sovereign fund focused on stabilization; and National Accounts, Real Sector, and Spatial Statistics, which institutionalizes fiscal incidence analysis using improved administrative and survey data to inform equitable tax and spending policy. Component 2: Public Financial Management improves credibility, transparency, and efficiency of spending and investment, through Sub-components: Public Expenditure Management, which operationalizes a medium-term fiscal framework and sectoral expenditure frameworks, advances program-based budgeting, deploys a budget transparency portal, strengthens internal control and audit, modernizes treasury operations including commitment control and digital payments, and introduces annual fiscal risk statements with disclosure of contingent liabilities; Public Investment Management, which enforces mandatory appraisal gates with climate and greenhouse gas screening, integrates capital spending by public bodies and state-owned enterprises, upgrades the integrated public investment management system for lifecycle tracking, and strengthens the policy and capacity framework for public-private partnerships; Public Procurement, which scales an e-procurement platform, enhances transparency and oversight, establishes a national procurement observatory, and builds capacity for faster, more competitive tendering; and Government Finance and Administrative Data, which completes operationalization of the integrated accounting system and improves interoperability and quality of government finance statistics aligned with international standards. Component 3: Debt Management enhances sustainable borrowing and transparency, through Sub-components: Debt Recording and Reporting, which upgrades the debt database to cover central government, guarantees, on-lent loans, and called contingencies with regular reconciliation and publication; Debt Strategy and Sustainability Analysis, which institutionalizes an annual medium-term debt management strategy with back-assessment of results, equips authorities to conduct debt sustainability analysis consistent with low-income country frameworks, and strengthens governance of the national debt committee and borrowing plan preparation; and Domestic Debt Market Monitoring, which implements real-time dashboards for issuance and risk, yield curve monitoring, and sovereign-bank nexus surveillance. Component 4: Institutional Reform, Change and Project Management consolidates reform delivery by supporting a functional review and restructuring of the merged Ministry of Economy, Finance, and Budget with change management, capacity building across revenue, expenditure, treasury, debt, and investment functions, integrated digital architecture for public financial management systems, targeted technical assistance, and a project implementation unit responsible for coordination, fiduciary management, environmental and social risk management, monitoring and evaluation, and independent mid-term and end-of-project evaluations.