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Rwanda Public Finance Management Reform Project

Abstract*

The development objective of Public Finance Management Reform Project for Rwanda is to improve budget reliability and control of funds for service delivery, enhance budget transparency and increase professionalization of the public finance officials. This project has four component. 1) The first component, Public Financial Management (PFM) IT Systems Roll Out, aims to help stabilize the systems, expand their functionality and support roll out of Financial...

* 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

To improve budget reliability and control of funds for service delivery, enhance budget transparency and increase professionalization of the public finance officials.

Key Details

Project Details

  • P164807

  • Closed

  • Meron Techane

  • Republic of Rwanda

  • Rwanda

  • January 15, 2018

  • (as of board presentation)

    October 23, 2018

  • December 21, 2018

  • US$ 20.00 million

  • Ministry of Finance and Economic Planning

  • Eastern and Southern Africa

  • 2019

  • US$ 20.00 million

  • C

  • Not Applicable

  • December 31, 2024

  • TBD

  • BANK APPROVED

  • April 10, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 20.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 20.00
IBRD + IDA Commitment 20.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 20.00

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$)
Oct 23, 2018 IDA-63290 Loan Commitment 20,000,000.00
Jul 15, 2020 IDA-63290 Int Charges 13,493.87
Jul 15, 2024 IDA-63290 Int Charges 189.44
Jul 15, 2024 IDA-63290 Int Charges 66,251.32
Jul 15, 2024 IDA-63290 Int Charges 66,251.32
Aug 15, 2023 IDA-63290 Loan Disb 4,520,715.00
Jan 15, 2023 IDA-63290 Int Charges 790.87
Jan 15, 2023 IDA-63290 Int Charges 790.87
Jan 15, 2023 IDA-63290 Int Charges 41,945.79
Jan 15, 2023 IDA-63290 Int Charges 41,945.79
Apr 24, 2023 IDA-63290 Loan Disb -1,489,019.00
Jul 15, 2023 IDA-63290 Int Charges 1,058.27
Jul 15, 2023 IDA-63290 Int Charges 1,058.27
Jul 15, 2023 IDA-63290 Int Charges 42,806.66
Jul 15, 2023 IDA-63290 Int Charges 42,806.66
Jan 17, 2024 IDA-63290 Int Charges 380.37
Jan 17, 2024 IDA-63290 Int Charges 380.37
Jan 17, 2024 IDA-63290 Int Charges 56,358.14
Jan 17, 2024 IDA-63290 Int Charges 56,358.14
Mar 26, 2024 IDA-63290 Loan Disb 3,185,785.00
Jul 16, 2020 IDA-63290 Loan Disb 261,100.90
Oct 2, 2020 IDA-63290 Loan Disb 2,354,071.80
Jan 15, 2021 IDA-63290 Int Charges 404.39
Jan 15, 2021 IDA-63290 Int Charges 404.39
Jan 15, 2021 IDA-63290 Int Charges 20,255.24
Jan 15, 2021 IDA-63290 Int Charges 20,255.24
Jul 15, 2020 IDA-63290 Int Charges 3,629.09
Jul 15, 2020 IDA-63290 Int Charges 3,629.09
Jul 15, 2020 IDA-63290 Int Charges 13,493.87
Jul 15, 2021 IDA-63290 Int Charges 296.16
Jul 15, 2021 IDA-63290 Int Charges 296.16
Jul 15, 2021 IDA-63290 Int Charges 24,149.65
Jul 15, 2021 IDA-63290 Int Charges 24,149.65
Jun 30, 2022 IDA-63290 Loan Disb 3,975,065.00
Dec 16, 2021 IDA-63290 Loan Disb 1,382,948.60
Jul 15, 2022 IDA-63290 Int Charges 829.45
Jul 15, 2022 IDA-63290 Int Charges 829.45
Jul 15, 2022 IDA-63290 Int Charges 27,510.28
Jul 15, 2022 IDA-63290 Int Charges 27,510.28
Jan 15, 2022 IDA-63290 Int Charges 242.30
Jan 15, 2022 IDA-63290 Int Charges 242.30
Jan 15, 2022 IDA-63290 Int Charges 23,574.24
Jan 15, 2022 IDA-63290 Int Charges 23,574.24
Apr 24, 2023 IDA-63290 Loan Disb 1,489,019.00
Mar 15, 2019 IDA-63290 Loan Disb 657,750.00
Jul 15, 2019 IDA-63290 Int Charges 1,632.53
Jul 15, 2019 IDA-63290 Int Charges 1,632.53
Jan 15, 2020 IDA-63290 Int Charges 2.85
Jan 15, 2020 IDA-63290 Int Charges 2.85
Nov 18, 2019 IDA-63290 Loan Disb 3,013,460.50
Jan 15, 2020 IDA-63290 Int Charges 2,434.93
Jan 15, 2020 IDA-63290 Int Charges 2,434.93
Jul 15, 2024 IDA-63290 Int Charges 189.44

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Moderately Satisfactory 2024-11-06
Project Management Satisfactory 2024-11-06
Financial Management Satisfactory 2024-11-06
Progress towards achievement of PDO Satisfactory 2024-11-06
Monitoring and Evaluation Satisfactory 2024-11-06
Overall Implementation Progress (IP) Satisfactory 2024-11-06

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-23-2025
OutcomesSatisfactory
Risk to Development Outcome
Bank PerformanceSatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Improved reliability of budgetingValue20.0014.005.00
    DateJune 30, 2017January 31, 2024December 31, 2024
    Comment
  • Share of districts expenditure arrears to consolidated district budgetValue10.004.366.00
    DateJune 30, 2017January 31, 2024December 31, 2024
    Comment
  • Improved budget transparency and citizens engagementValueCitizens budget does not contain links between finCitizen budget is published annually and includes Citizens' budget is published annually and include
    DateJune 30, 2018January 31, 2024December 31, 2024
    Comment
  • Number of public finance staff that have completed a professional qualificationValue665.001022.00826.00
    DateJune 30, 2017January 31, 2024June 30, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • FMIS coverage of performance informationValue0.0085.00100.00
    DateJune 30, 2018January 31, 2024December 31, 2024
    Comment
  • Improved disclosures in consolidated financial statementsValueNo IPSAS standards are approved and implementedFinancial statement for FY 23 did not meet the tarNon-audited Government Consolidated IPSAS financia
    DateJune 30, 2018March 14, 2024December 31, 2024
    Comment
  • Improved program=performance based budgeting methodology in useValueProgram budgeting methodology has weaknesses in coProgram-performance budgeting is rolled out to allProgram-performance budgeting is rolled out to min
    DateJune 30, 2018January 31, 2024December 31, 2024
    Comment
  • FMIS coverage of education expendituresValue0.0086.0088.00
    DateJune 30, 2018January 31, 2024December 31, 2024
    Comment
  • Number of public finance officials who recieved training or are in training under the projectValue0.008071.006000.00
    DateJune 30, 2018January 31, 2024December 31, 2024
    Comment
  • Representation of Female staff in Professional PFM trainingValue0.0029.0027.92
    DateJune 30, 2018January 31, 2024December 31, 2024
    Comment