EC Public Sector Financial Management

Abstract*

The development objective of the Public Sector Financial Management Project for Ecuador is to improve effectiveness and transparency in financial management in the general government sector; and to contribute to better governance through greater transparency attained by the independent verification of the integrity of government financial reporting. There are six project components. The first finances the completion of the programming, testing, and... Show More

Development Objective

Improved effectiveness and transparency in financial management in the general government sector. Contribute to better governance through greater transparency attained by the independent verification of the integrity of government financial reportingThese tasks will be achieved through the consolidation, expansion and upgrade of SIGEF (Sistema Integrado de Gestión Financiera) as well as through the development of the CGE's Auditing Capacity (Contraloría General del Estado).

Key Details

Project Details

Project ID
P074218
Status
Closed
Team Leader
Edgardo Mosqueira Medina
Borrower 2
N/A

Country
Ecuador
Disclosure Date
September 10, 2001
Approval Date
(as of board presentation)
March 26, 2002
Effective Date
September 25, 2003

Total Project Cost 1
US$ 18.84 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2002

Commitment Amount
US$ 13.86 million
Environmental Category
C
Environmental and Social Risk
N/A
Closing Date
February 27, 2009

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

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
International Bank for Reconstruction and Development	13.86
Borrower/Recipient	4.98

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	13.86
IDA Commitment	N/A
IBRD + IDA Commitment	13.86

Lending Instrument
Grant Amount	N/A
Total Project Cost**	18.84

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$)
Oct 15, 2021	IBRD-71100	Loan Repay	398,406.94
Oct 15, 2021	IBRD-71100	Int Charges	9,083.70
Oct 15, 2021	IBRD-71100	Loan Repay	17,460.51
Apr 15, 2021	IBRD-71100	Loan Repay	385,248.22
Apr 15, 2021	IBRD-71100	Int Charges	86.83
Apr 15, 2021	IBRD-71100	Int Charges	17,867.34
Apr 15, 2021	IBRD-71100	Loan Repay	16,879.05
Mar 26, 2002	IBRD-71100	Loan Commitment	13,860,000.00
Oct 15, 2014	IBRD-71100	Loan Repay	10,805.28
Oct 15, 2014	IBRD-71100	Loan Repay	246,384.66
Oct 15, 2014	IBRD-71100	Int Charges	603.07
Oct 15, 2014	IBRD-71100	Int Charges	108,260.10
Apr 15, 2014	IBRD-71100	Int Charges	674.01
Apr 15, 2014	IBRD-71100	Int Charges	113,688.12
Apr 15, 2014	IBRD-71100	Loan Repay	10,434.53
Apr 15, 2014	IBRD-71100	Loan Repay	238,072.28
Oct 15, 2013	IBRD-71100	Loan Repay	10,070.21
Oct 15, 2013	IBRD-71100	Loan Repay	229,666.10
Oct 15, 2013	IBRD-71100	Int Charges	801.91
Oct 15, 2013	IBRD-71100	Int Charges	118,924.56
Apr 15, 2015	IBRD-71100	Loan Repay	11,169.60
Apr 15, 2015	IBRD-71100	Loan Repay	254,868.06
Oct 15, 2015	IBRD-71100	Int Charges	624.54
Oct 15, 2015	IBRD-71100	Int Charges	96,831.54
Oct 15, 2015	IBRD-71100	Loan Repay	11,564.29
Oct 15, 2015	IBRD-71100	Loan Repay	263,822.34
Apr 15, 2015	IBRD-71100	Int Charges	568.61
Apr 15, 2015	IBRD-71100	Int Charges	102,642.54
Oct 15, 2016	IBRD-71100	Int Charges	84,592.58
Oct 15, 2016	IBRD-71100	Loan Repay	12,360.08
Oct 15, 2016	IBRD-71100	Loan Repay	282,033.30
Oct 15, 2016	IBRD-71100	Int Charges	950.62
Apr 15, 2016	IBRD-71100	Int Charges	683.36
Apr 15, 2016	IBRD-71100	Int Charges	90,816.36
Apr 15, 2016	IBRD-71100	Loan Repay	11,965.38
Apr 15, 2016	IBRD-71100	Loan Repay	272,974.72
Oct 15, 2017	IBRD-71100	Loan Repay	302,560.10
Oct 15, 2017	IBRD-71100	Int Charges	1,153.00
Oct 15, 2017	IBRD-71100	Int Charges	71,504.42
Oct 15, 2017	IBRD-71100	Loan Repay	13,246.94
Apr 15, 2017	IBRD-71100	Int Charges	1,147.02
Apr 15, 2017	IBRD-71100	Int Charges	78,162.24
Apr 15, 2017	IBRD-71100	Loan Repay	12,791.53
Apr 15, 2017	IBRD-71100	Loan Repay	292,009.12
Apr 15, 2018	IBRD-71100	Int Charges	64,606.06
Apr 15, 2018	IBRD-71100	Loan Repay	13,732.70
Apr 15, 2018	IBRD-71100	Loan Repay	313,100.47
Apr 15, 2018	IBRD-71100	Int Charges	1,117.82
Apr 15, 2018	IBRD-71100	Int Charges	6.99
Oct 15, 2018	IBRD-71100	Int Charges	1,533.25
Oct 15, 2018	IBRD-71100	Int Charges	57,467.32
Oct 15, 2018	IBRD-71100	Loan Repay	14,194.51
Oct 15, 2018	IBRD-71100	Loan Repay	323,651.50
Oct 15, 2019	IBRD-71100	Int Charges	42,447.36
Oct 15, 2019	IBRD-71100	Int Charges	1,194.82
Oct 15, 2019	IBRD-71100	Loan Repay	15,226.76
Oct 15, 2019	IBRD-71100	Loan Repay	347,256.70
Apr 15, 2019	IBRD-71100	Loan Repay	335,119.60
Apr 15, 2019	IBRD-71100	Int Charges	1,406.86
Apr 15, 2019	IBRD-71100	Int Charges	50,088.08
Apr 15, 2019	IBRD-71100	Loan Repay	14,680.28
Oct 15, 2020	IBRD-71100	Int Charges	0.64
Oct 15, 2020	IBRD-71100	Int Charges	45.50
Oct 15, 2020	IBRD-71100	Int Charges	380.95
Oct 15, 2020	IBRD-71100	Int Charges	26,337.86
Oct 15, 2020	IBRD-71100	Loan Repay	16,295.79
Oct 15, 2020	IBRD-71100	Loan Repay	371,514.44
Apr 16, 2020	IBRD-71100	Int Charges	752.52
Apr 16, 2020	IBRD-71100	Int Charges	34,529.94
Apr 16, 2020	IBRD-71100	Loan Repay	15,749.31
Apr 16, 2020	IBRD-71100	Loan Repay	359,300.12
Oct 15, 2021	IBRD-71100	Int Charges	41.73

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Highly Satisfactory	2009-06-24
Project Management	Moderately Unsatisfactory	2009-06-24
Overall Implementation Progress (IP)	Moderately Satisfactory	2009-06-24
Procurement	Moderately Satisfactory	2009-06-24
Financial Management	Moderately Satisfactory	2009-06-24
Monitoring and Evaluation	Moderately Unsatisfactory	2009-06-24
Progress towards achievement of PDO	Moderately Unsatisfactory	2009-06-24

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 09-30-2009
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-15-2010	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Significant	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework