Finance Sector Coordination Unit
The Finance Sector Coordination Unit is responsible for leading and supporting the development, implementation, and monitoring of Samoa’s Finance Sector Plan (FSP). The FSP outlines key reforms to strengthen public financial management (PFM) across government, ensuring that public resources are used effectively, transparently, and in alignment with national development goals. This unit plays a central role in coordinating efforts across the finance sector and reporting on progress to the Finance Sector Advisory Committee, which oversees collaboration among key public institutions.
The Finance Sector includes the following core public institution:
- Ministry of Finance ( lead in Fiscal Policy)
- Central Bank of Samoa ( lead in Monetary Policy)
- Ministry of Customs and Revenue
- Samoa Audit Office
- Samoa Bureau of Statistics
The key responsibilities of the unit include:
- Develop and monitor implementation of the Finance Sector Plan, working with sector agencies to ensure coverage of activities that support fiscal targets and monetary policy.
- Coordinate and report to the Finance Sector Advisory Committee, serving as the secretariat ensuring quarterly updates and collaboration amongst sector institutions. Additionally, report on the capacity development from the sector.
- Conduct Annual Reviews of the Finance Sector Plan which reports on the progress, identifying challenges and recommending improvementsto ensure FSP remains effective and responsive to the finance sector needs.
