LS-PFM Reform Support Project

Abstract*

The objective of the Public Financial Management Reform Support Project for Lesotho is to improve the quality and timeliness of public financial management information in support of the government's Public Finance Management Reform Action Plan (PFMRAP) to improve budget execution. This paper pertains to the provision of credit for the project. The project is implemented through the following components: 1) support for improving the stability and reliability... Show More

Development Objective

The project development objective (PDO) is to improve the quality and timeliness of public financial management information in support of the Government’s PFM Reform Action Plan (PFMRAP) to improve budget execution.

Key Details

Project Details

Project ID
P143197
Status
Closed
Team Leader
Gert Johannes Alwyn Van Der Linde
Borrower 2
Ministry of Finance

Country
Lesotho
Disclosure Date
December 4, 2013
Approval Date
(as of board presentation)
February 6, 2014
Effective Date
July 25, 2014

Total Project Cost 1
US$ 6.09 million
Implementing Agency
Ministry of Finance
Region
Eastern and Southern Africa
Fiscal Year 3
2014

Commitment Amount
US$ 5.50 million
Environmental Category
C
Environmental and Social Risk
N/A
Closing Date
June 3, 2019

Consultant Services required
No
Last Stage Reached
BANK APPROVED
Last Update Date
December 9, 2020

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Public Sector Management

FY17 - Public Administration50%
- FY17 - Transparency, Accountability and Good Governance50%
FY17 - Public Finance Management50%
- FY17 - Public Expenditure Management50%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	5.50
Borrower/Recipient	0.59

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	5.50
IBRD + IDA Commitment	5.50

Lending Instrument
Grant Amount	N/A
Total Project Cost**	6.09

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2019	IDA-53550	Loan Disb	80,331.97
Apr 19, 2019	IDA-53550	Loan Disb	84,763.38
Jun 7, 2019	IDA-53550	Loan Disb	246,253.50
Apr 24, 2019	IDA-53550	Loan Disb	82,150.21
May 28, 2019	IDA-53550	Loan Disb	69,004.22
Jul 15, 2019	IDA-53550	Int Charges	266.44
Jul 15, 2019	IDA-53550	Int Charges	266.44
Jul 15, 2019	IDA-53550	Int Charges	11,298.73
Jul 15, 2019	IDA-53550	Int Charges	11,298.73
Sep 9, 2019	IDA-53550	Loan Disb	113,524.89
Jan 15, 2020	IDA-53550	Int Charges	17,101.07
Jan 15, 2020	IDA-53550	Int Charges	17,101.07
Jan 15, 2020	IDA-53550	Int Charges	880.11
Jan 15, 2020	IDA-53550	Int Charges	880.11
Dec 3, 2019	IDA-53550	Loan Disb	-1,868.69
Jan 14, 2020	IDA-53550	Loan Disb	106,555.20
Jan 14, 2020	IDA-53550	Loan Cancel	258,956.69
Dec 6, 2019	IDA-53550	Loan Disb	-9,473.43
Jul 15, 2020	IDA-53550	Int Charges	-3.63
Jul 15, 2020	IDA-53550	Int Charges	3.63
Jul 15, 2020	IDA-53550	Int Charges	84.33
Jul 15, 2020	IDA-53550	Int Charges	84.33
Jul 15, 2020	IDA-53550	Int Charges	17,393.71
Jul 15, 2020	IDA-53550	Int Charges	17,393.71
Jan 15, 2021	IDA-53550	Int Charges	412.79
Jan 15, 2021	IDA-53550	Int Charges	412.79
Jan 15, 2021	IDA-53550	Int Charges	18,163.00
Jan 15, 2021	IDA-53550	Int Charges	18,163.00
Jul 15, 2021	IDA-53550	Int Charges	18,229.81
Jul 15, 2021	IDA-53550	Int Charges	18,229.81
Jul 15, 2021	IDA-53550	Int Charges	266.30
Jul 15, 2021	IDA-53550	Int Charges	266.30
Jul 21, 2022	IDA-53550	Int Charges	35.50
Jul 21, 2022	IDA-53550	Int Charges	35.50
Jul 21, 2022	IDA-53550	Int Charges	16,831.14
Jul 21, 2022	IDA-53550	Int Charges	16,831.14
Jan 15, 2022	IDA-53550	Int Charges	183.32
Jan 15, 2022	IDA-53550	Int Charges	183.32
Jan 15, 2022	IDA-53550	Int Charges	17,795.04
Jan 15, 2022	IDA-53550	Int Charges	17,795.04
Jan 15, 2023	IDA-53550	Int Charges	198.63
Jan 15, 2023	IDA-53550	Int Charges	198.63
Jan 15, 2023	IDA-53550	Int Charges	16,641.32
Jan 15, 2023	IDA-53550	Int Charges	16,641.32
Jul 15, 2023	IDA-53550	Int Charges	417.01
Jul 15, 2023	IDA-53550	Int Charges	417.01
Jul 15, 2023	IDA-53550	Int Charges	17,177.86
Jul 15, 2023	IDA-53550	Int Charges	17,177.86
Jul 25, 2024	IDA-53550	Loan Repay	45,341.01
Jul 25, 2024	IDA-53550	Int Charges	16,749.92
Jul 25, 2024	IDA-53550	Int Charges	16,749.92
Jul 25, 2024	IDA-53550	Int Charges	124.55
Jul 25, 2024	IDA-53550	Int Charges	124.55
Jan 15, 2024	IDA-53550	Int Charges	153.18
Jan 15, 2024	IDA-53550	Int Charges	153.18
Jan 15, 2024	IDA-53550	Int Charges	16,971.68
Jan 15, 2024	IDA-53550	Int Charges	16,971.68
Feb 6, 2014	IDA-53550	Loan Commitment	5,500,000.00
Dec 1, 2014	IDA-53550	Loan Disb	200,000.02
Jul 16, 2015	IDA-53550	Int Charges	174.30
Jul 16, 2015	IDA-53550	Int Charges	174.30
Jul 16, 2015	IDA-53550	Int Charges	976.25
Jul 16, 2015	IDA-53550	Int Charges	976.25
Apr 23, 2015	IDA-53550	Loan Disb	153,032.92
Jan 15, 2016	IDA-53550	Int Charges	1,273.16
Jan 15, 2016	IDA-53550	Int Charges	1,273.16
Oct 21, 2015	IDA-53550	Loan Disb	5,760.38
Jan 15, 2016	IDA-53550	Int Charges	20.35
Jan 15, 2016	IDA-53550	Int Charges	20.35
Jul 15, 2016	IDA-53550	Int Charges	0.50
Jul 15, 2016	IDA-53550	Int Charges	0.50
Jul 15, 2016	IDA-53550	Int Charges	1,330.16
Jul 15, 2016	IDA-53550	Int Charges	1,330.16
Jun 15, 2016	IDA-53550	Loan Disb	92,918.60
Dec 12, 2016	IDA-53550	Loan Disb	125,293.06
May 26, 2016	IDA-53550	Loan Disb	65,683.01
Nov 28, 2016	IDA-53550	Loan Disb	73,081.40
Jan 18, 2017	IDA-53550	Int Charges	105.00
Jan 18, 2017	IDA-53550	Int Charges	105.00
Jan 18, 2017	IDA-53550	Int Charges	1,863.27
Jan 18, 2017	IDA-53550	Int Charges	1,863.27
May 24, 2017	IDA-53550	Loan Disb	108,693.01
Jul 15, 2017	IDA-53550	Int Charges	2,624.25
Jul 15, 2017	IDA-53550	Int Charges	2,624.25
Jul 26, 2017	IDA-53550	Loan Disb	161,591.95
Nov 21, 2017	IDA-53550	Loan Disb	109,184.38
Jul 15, 2017	IDA-53550	Int Charges	150.69
Jul 15, 2017	IDA-53550	Int Charges	150.69
Apr 27, 2018	IDA-53550	Loan Disb	72,948.12
Feb 22, 2018	IDA-53550	Loan Disb	14,678.45
Mar 22, 2018	IDA-53550	Loan Disb	110,631.56
Jan 15, 2018	IDA-53550	Int Charges	161.81
Jan 15, 2018	IDA-53550	Int Charges	161.81
Jan 15, 2018	IDA-53550	Int Charges	3,696.17
Jan 15, 2018	IDA-53550	Int Charges	3,696.17
Jan 18, 2018	IDA-53550	Loan Disb	82,781.39
Jun 13, 2018	IDA-53550	Loan Disb	318,965.84
Jun 14, 2018	IDA-53550	Loan Disb	84,457.74
Jul 15, 2018	IDA-53550	Int Charges	175.70
Jul 15, 2018	IDA-53550	Int Charges	175.70
Jul 15, 2018	IDA-53550	Int Charges	4,913.86
Jul 15, 2018	IDA-53550	Int Charges	4,913.86
Aug 13, 2018	IDA-53550	Loan Disb	63,042.01
Dec 20, 2018	IDA-53550	Loan Disb	164,300.40
Jan 15, 2019	IDA-53550	Int Charges	183.76
Jan 15, 2019	IDA-53550	Int Charges	183.76
Feb 15, 2019	IDA-53550	Loan Disb	297,290.25
Jan 16, 2019	IDA-53550	Int Charges	169.27
Jan 16, 2019	IDA-53550	Int Charges	169.27
Jan 16, 2019	IDA-53550	Int Charges	6,796.97
Jan 16, 2019	IDA-53550	Int Charges	6,796.97
Dec 21, 2018	IDA-53550	Loan Disb	17,493.88
Oct 1, 2018	IDA-53550	Loan Disb	116,040.54
Nov 19, 2018	IDA-53550	Loan Disb	99,314.21
May 10, 2019	IDA-53550	Loan Disb	82,150.19
May 15, 2019	IDA-53550	Loan Disb	292,979.70
Feb 26, 2019	IDA-53550	Loan Disb	164,300.40
Feb 26, 2019	IDA-53550	Loan Disb	113,002.65
Apr 2, 2019	IDA-53550	Loan Disb	20,955.55
Jul 1, 2019	IDA-53550	Loan Disb	113,524.89
Jul 1, 2019	IDA-53550	Loan Disb	338,883.30
Mar 6, 2019	IDA-53550	Loan Disb	328,600.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2019-05-28
Monitoring and Evaluation	Moderately Satisfactory	2019-05-28
Overall Implementation Progress (IP)	Moderately Satisfactory	2019-05-28
Procurement	Moderately Satisfactory	2019-05-28
Project Management	Moderately Satisfactory	2019-05-28
Financial Management	Moderately Satisfactory	2019-05-28
Counterpart Funding	Satisfactory	2019-05-28

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 02-26-2020
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-19-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

1. Improved reliablity of in-year budget execution reports from IFMIS	Value	In-year budget execution reports from IFMIS are ge	In-year budget execution reports are available in	In-year budget execution reports from the upgraded
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment

2. Improved timeliness and completeness of annual financial statements	Value	Three-year backlog in the preparation of annual fi	Government eradicated the backlog of annual financ	he FY2018/19 annual financial statements for budge
	Date	November 30, 2012	May 22, 2019	June 3, 2019
	Comment

3. Stock of expenditure arrears available in IFMIS	Value	There is no IFMIS data on the stock of expenditure	The upgraded IFMIS provides reports on invoices re	Stock of expenditure arrears is available online i
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment

4. New Treasury Single Account (TSA) bank balances in the IFMIS	Value	No new TSA balances are available in the IFMIS.	New TSA recurrent and development expenditure bank	New TSA bank accounts are operational and carried
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

3. IFMIS users trained Value 40.00 90.00 80.00
Date November 30, 2012 November 25, 2019 June 3, 2019
Comment
1. Improved wide-area network uptime Value 71.42 98.50 98.50
Date November 30, 2012 November 25, 2019 June 3, 2019
Comment

8. Change management plan initiated	Value	Change management plan not yet developed	Change management and training plan delivered and	Change management plan delivered
	Date	June 23, 2017	November 25, 2019	June 3, 2019
	Comment

4. Line ministry revenue transactions not captured in the IFMIS	Value	Non-tax revenues collected by line ministries are	The upgraded IFMIS has been configured for line mi	Non-tax revenue transactions are recorded reliably
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment

2. Improved IFMIS server uptime Value 92.86 98.20 98.50
Date November 30, 2012 November 25, 2019 June 3, 2019
Comment

5. Business process review completed	Value	Business process review to support configuration o	Business process review to support configuration o	Business process review to support configuration o
	Date	June 23, 2017	November 25, 2019	June 3, 2019
	Comment

6. IFMIS servers upgraded	Value	Servers for new upgraded version of IFMIS not yet	The upgraded IFMIS operates on new servers	Servers for new upgraded version of IFMIS operatio
	Date	June 23, 2017	November 25, 2019	June 3, 2019
	Comment

9. Initial operational acceptance of the upgraded IFMIS	Value	IFMIS upgrade contracted but not yet started	The upgraded IFMIS has been substantially configur	Initial operational acceptance of the upgraded IFM
	Date	June 23, 2017	November 25, 2019	June 3, 2019
	Comment

7. End-user equipment upgraded	Value	End-user equipment to operate upgraded IFMIS not y	End-user equipment has been upgraded to work on th	End-user equipment upgraded to work on new IFMIS
	Date	June 23, 2017	November 25, 2019	June 3, 2019
	Comment

3. IFMIS users trained	Value	40.00	90.00	80.00
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment

1. Improved wide-area network uptime	Value	71.42	98.50	98.50
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment

2. Improved IFMIS server uptime	Value	92.86	98.20	98.50
	Date	November 30, 2012	November 25, 2019	June 3, 2019
	Comment