The Ministry of Finance and Development Planning, or MFDP for short, was created in 2013 by an Act of the National Legislature, in line with international financial management best practices. The new MFDP effectively replaces the Ministry of Finance and the Ministry of Planning and Economic Affairs, with the mandate to formulate, institutionalize and administer economic development, fiscal and tax policies for the promotion of sound and efficient management of financial resources of the government.

As custodian of the country’s economy, the MFDP combines public finance, development planning and economic management expertise and experience to effectively manage the economy.