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Macroeconomic & Fiscal Management Operation

Abstract*

The development objectives of First Macroeconomic and Fiscal Management Operation Project in Guinea are to support the post Ebola recovery as well as to improve public finances, mining sector transparency, and the financial health of the energy sector. The First Macroeconomic and Fiscal Management Operation is the first of two operations in a series and is broadly supportive of key elements of the country’s post Ebola recovery strategy and aims at...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Project Development Objective (Note: will be disclosed in the MOS) the Monthly Operational Summary when applicable) : The development objectives are to support the post Ebola recovery as well as to improve public finances, mining sector transparency, and the financial health of the energy sector.

Key Details

Project Details

  • P156629

  • Closed

  • Ali Zafar

  • Mamady Camara

  • Guinea

  • May 9, 2016

  • (as of board presentation)

    June 17, 2016

  • July 11, 2016

  • US$ 40.00 million

  • N/A

  • Not Applicable

  • June 30, 2017

  • BANK APPROVED

  • August 22, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 40.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 40.00
IBRD + IDA Commitment 40.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 40.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 15, 2018 IDA-58560 Int Charges 0.24
Aug 15, 2018 IDA-58560 Int Charges 3,293.84
Aug 15, 2018 IDA-58560 Int Charges 3,293.84
Aug 15, 2024 IDA-58560 Loan Repay 5,977.87
Aug 28, 2024 IDA-58560 Int Charges 117,607.88
Aug 28, 2024 IDA-58560 Int Charges 117,607.88
Aug 28, 2024 IDA-58560 Loan Repay 590,136.30
Aug 28, 2024 IDA-58560 Int Charges 260.26
Aug 28, 2024 IDA-58560 Int Charges 260.26
Mar 6, 2024 IDA-58560 Loan Repay 452,392.90
Mar 6, 2024 IDA-58560 Int Charges 134,509.80
Mar 6, 2024 IDA-58560 Int Charges 134,509.80
Mar 6, 2024 IDA-58560 Loan Repay 134,372.73
Feb 15, 2024 IDA-58560 Loan Repay 1,248.70
Jun 17, 2016 IDA-58560 Loan Commitment 40,000,000.00
Feb 15, 2023 IDA-58560 Loan Repay 578,911.70
Feb 15, 2023 IDA-58560 Int Charges 49.27
Feb 15, 2023 IDA-58560 Int Charges 49.27
Feb 15, 2023 IDA-58560 Int Charges 136,120.03
Feb 15, 2023 IDA-58560 Int Charges 136,120.03
Feb 15, 2023 IDA-58560 Loan Repay 12,461.01
Aug 15, 2023 IDA-58560 Int Charges 136,977.05
Aug 15, 2023 IDA-58560 Int Charges 136,977.05
Aug 15, 2023 IDA-58560 Int Charges 3,578.27
Aug 15, 2023 IDA-58560 Int Charges 3,578.27
Aug 15, 2023 IDA-58560 Loan Repay 589,148.50
Aug 19, 2022 IDA-58560 Loan Repay 578,623.56
Aug 19, 2022 IDA-58560 Int Charges 138,927.19
Aug 19, 2022 IDA-58560 Int Charges 138,927.19
Aug 15, 2022 IDA-58560 Loan Repay 241.72
Aug 17, 2021 IDA-58560 Int Charges 296.36
Aug 17, 2021 IDA-58560 Int Charges 296.36
Aug 17, 2021 IDA-58560 Int Charges 150,898.08
Aug 17, 2021 IDA-58560 Int Charges 150,898.08
Feb 24, 2022 IDA-58560 Int Charges 146,128.66
Feb 24, 2022 IDA-58560 Int Charges 146,128.66
Feb 15, 2022 IDA-58560 Int Charges 1,837.44
Feb 15, 2022 IDA-58560 Int Charges 1,837.44
Aug 15, 2020 IDA-58560 Int Charges 1,759.55
Aug 15, 2020 IDA-58560 Int Charges 1,759.55
Aug 15, 2020 IDA-58560 Int Charges 144,623.95
Aug 15, 2020 IDA-58560 Int Charges 144,623.95
Feb 15, 2021 IDA-58560 Int Charges 3,289.72
Feb 15, 2021 IDA-58560 Int Charges 3,289.72
Feb 15, 2021 IDA-58560 Int Charges 152,599.30
Feb 15, 2021 IDA-58560 Int Charges 152,599.30
Aug 15, 2018 IDA-58560 Int Charges 146,811.20
Aug 15, 2018 IDA-58560 Int Charges 146,811.20
Feb 15, 2019 IDA-58560 Int Charges 3,002.37
Feb 15, 2019 IDA-58560 Int Charges 3,002.37
Feb 15, 2019 IDA-58560 Int Charges 143,342.95
Feb 15, 2019 IDA-58560 Int Charges 143,342.95
Aug 16, 2019 IDA-58560 Int Charges 795.76
Aug 16, 2019 IDA-58560 Int Charges 795.76
Aug 16, 2019 IDA-58560 Int Charges 145,566.36
Aug 16, 2019 IDA-58560 Int Charges 145,566.36
Feb 15, 2020 IDA-58560 Int Charges 1,246.32
Feb 15, 2020 IDA-58560 Int Charges 1,246.32
Feb 15, 2020 IDA-58560 Int Charges 143,880.69
Feb 15, 2020 IDA-58560 Int Charges 143,880.69
Jul 13, 2016 IDA-58560 Loan Disb 39,391,620.00
Feb 23, 2017 IDA-58560 Int Charges 141,966.23
Feb 23, 2017 IDA-58560 Int Charges 141,966.23
Feb 23, 2017 IDA-58560 Int Charges 25,495.10
Feb 23, 2017 IDA-58560 Int Charges 25,495.10
Aug 18, 2017 IDA-58560 Int Charges 1,505.29
Aug 18, 2017 IDA-58560 Int Charges 1,505.29
Aug 18, 2017 IDA-58560 Int Charges 146,657.31
Aug 18, 2017 IDA-58560 Int Charges 146,657.31
Feb 28, 2018 IDA-58560 Int Charges 2,951.22
Feb 28, 2018 IDA-58560 Int Charges 2,951.22
Feb 28, 2018 IDA-58560 Int Charges 44,603.54
Feb 28, 2018 IDA-58560 Int Charges 44,603.54
Feb 28, 2018 IDA-58560 Int Charges 105,398.61
Feb 28, 2018 IDA-58560 Int Charges 105,398.61
Aug 15, 2018 IDA-58560 Int Charges 0.24

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2018-06-15
Monitoring and Evaluation Moderately Satisfactory 2018-06-15
Program Management Moderately Satisfactory 2018-06-15
Overall Implementation Progress (IP) Moderately Satisfactory 2018-06-15

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-13-2019
OutcomesModerately Satisfactory
Risk to Development OutcomeSubstantial
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencyModerately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-24-2020PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeSubstantialN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceN/a
Implementing AgencyModerately SatisfactoryN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Companies participating in EITI process (number)Value27.00300.00400.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Number of procurement contracts auditedValue0.0068.0060.00
    DateDecember 31, 2015December 29, 2017December 29, 2017
    Comment
  • Energy subsidy to EDG (% of GDP)Value0.401.300.50
    DateDecember 31, 2015December 29, 2017December 29, 2017
    Comment
  • Allocation of heath budget (% of total budget)Value2.506.704.00
    DateDecember 31, 2015December 29, 2017December 29, 2017
    Comment
  • Number of new recruited health care workersValue100.003830.002000.00
    DateDecember 31, 2015December 29, 2017December 29, 2017
    Comment
  • Fertilizer imports by private sector (metric tons)Value10000.0012000.0030000.00
    DateDecember 31, 2015June 20, 2017December 29, 2017
    Comment
  • VAT revenue as share of GDP (percent)Value2.703.903.20
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Percent of single source contracts in public investment projectsValue70.0029.6040.00
    DateDecember 31, 2015November 30, 2017December 29, 2017
    Comment
  • Technical and commercial losses (percent)Value40.0035.0030.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Number of audit reportsValue0.0010.0010.00
    DateDecember 31, 2015June 20, 2017December 29, 2017
    Comment
  • Size of local development fund (US $ million)Value0.000.005.00
    DateDecember 31, 2015December 29, 2017December 29, 2017
    Comment
  • Rural roads rehabilitated per year (km).Value56.00271.00200.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Revenue collected due to IGF's audits (thousand of GNF)Value0.0029800000.0050000000.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Public health workers working in posts outside Conakry as verified by the HR monitoring system of the Ministry of Health (number).Value4388.008025.008025.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Government paid teachers in primary and secondary education in rural areas as verified by the HR monitoring system of the Ministry of National Education and Literacy (number)Value14600.0016541.0016540.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Municipalities with appropriate governance framework for managing FODELs’ resources (number)Value0.000.00148.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Municipalities that received transfers from FNDL (number).Value0.000.00114.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Comprehensive report on SOEs (sociétés publiques, mixte, et sociétés à participation publique) is updated on an annual basis and made available to the public (Yes/No)ValueNoYesYes
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Collection rate of electricity bills (%).Value77.0081.0085.00
    DateDecember 31, 2015December 29, 2017December 31, 2018
    Comment
  • Single source contracts (% of total value of public contracts, 2-year rolling average)Value37.0061.1030.00
    DateDecember 31, 2015November 30, 2017December 31, 2018
    Comment