Financier | Commitments |
---|---|
International Bank for Reconstruction and Development | 50.00 |
Borrower/Recipient | 15.00 |
P090389
Closed
Arun Arya , John Beazley
N/A
January 5, 2006
(as of board presentation)
January 8, 2008
September 21, 2007
US$ 65.00 million
Ministry of Finance
2008
US$ 50.00 million
C
June 28, 2015
December 31, 2014
BANK APPROVED
Financier | Commitments |
---|---|
International Bank for Reconstruction and Development | 50.00 |
Borrower/Recipient | 15.00 |
Product Line | IBRD/IDA |
---|---|
IBRD Commitment | 50.00 |
IDA Commitment | N/A |
IBRD + IDA Commitment | 50.00 |
Lending Instrument | |
---|---|
Grant Amount | N/A |
Total Project Cost** | 65.00 |
Period | Financier | Transaction Type | Amount (US$) |
---|---|---|---|
Jan 15, 2014 | IBRD-48820 | Int Charges | 3,728.92 |
Jan 15, 2014 | IBRD-48820 | Loan Repay | 1,628,170.00 |
Oct 7, 2013 | IBRD-48820 | Loan Disb | 166,250.00 |
Feb 14, 2014 | IBRD-48820 | Loan Disb | 230,000.00 |
Jul 15, 2013 | IBRD-48820 | Int Charges | 747.34 |
Jan 8, 2008 | IBRD-48820 | Loan Commitment | 50,000,000.00 |
Jul 15, 2013 | IBRD-48820 | Loan Repay | 2,085,000.00 |
Oct 3, 2014 | IBRD-48820 | Loan Cancel | 46,056,832.00 |
Jul 15, 2014 | IBRD-48820 | Int Charges | 395.52 |
Jul 15, 2014 | IBRD-48820 | Loan Repay | 230,000.00 |
Jul 15, 2013 | IBRD-48820 | Int Charges | 9,986.54 |
Name | Review | Date |
---|---|---|
Counterpart Funding | Unsatisfactory | 2014-12-30 |
Project Management | Moderately Unsatisfactory | 2014-12-30 |
Overall Implementation Progress (IP) | Unsatisfactory | 2014-12-30 |
Progress towards achievement of PDO | Unsatisfactory | 2014-12-30 |
Procurement | Moderately Unsatisfactory | 2014-12-30 |
Counterpart Funding | Unsatisfactory | 2014-12-30 |
Financial Management | Satisfactory | 2014-12-30 |
INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-30-2015 |
---|---|
Outcomes | Unsatisfactory |
Risk to Development Outcome | Negligible |
Bank Performance | Moderately Unsatisfactory |
Borrower Performance | Moderately Unsatisfactory |
Government Performance | Moderately Unsatisfactory |
Implementing Agency | Moderately Unsatisfactory |
INDICATOR | ICR REVIEW: 11-09-2015 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
---|---|---|
Outcome Rating | Unsatisfactory | N/a |
Risk To Development Outcome | Negligible To Low | N/a |
Bank Performance | Unsatisfactory | N/a |
Borrower Performance | Unsatisfactory | N/a |
Government Performance | Unsatisfactory | N/a |
Implementing Agency | Unsatisfactory | N/a |
Icr Quality | Exemplary | N/a |
M&e Quality | Modest | N/a |
INDICATOR | BASELINE | CURRENT | TARGET |
---|
Increased strategic alignment of the budget with the public policy priorities . | Value | Existing budget formulation methodologies are not | The Draft 2014 State Budget was developed and base | Fully functional PFMS in use during the planning e |
Date | March 25, 2008 | November 3, 2014 | June 30, 2015 | |
Comment |
Reduction of 20% in time required to get necessary information for managerial decisions through the use of an integrated managementand information platform. | Value | Decision-making processes are delayed because info | Not achieved. | Minimum of 20% reduction in average time for acces |
Date | March 25, 2008 | November 3, 2014 | June 30, 2015 | |
Comment |
Increased transparency and reliability of public sector financial reporting through compliance with international accounting standards and alignment with EU accession requirements. | Value | Public Sector accounting is not compliant with ISA | Unified chart of accounts has been adopted. | National accounting standards are in use (via new |
Date | March 25, 2008 | November 3, 2014 | June 30, 2015 | |
Comment |
INDICATOR | BASELINE | CURRENT | TARGET |
---|
Budget data and policy assumptions published in greater detail. | Value | Summary proposed budget and budget execution publi | Budget module of the PFMS is not operational. | State budget execution performance is published in |
Date | March 25, 2008 | December 24, 2014 | June 30, 2015 | |
Comment |
Budget execution: Improving the system of PFM by means of modernizing accounting system in public administration sector. | Value | Accounting and financial reports not unified in pu | PFMS is not operational to apply the new Chart of | PFMS is operational based on new national accounti |
Date | March 25, 2008 | December 24, 2014 | June 30, 2015 | |
Comment |
Public Financial Management System (PFMS) established and functioning. | Value | Current PFM information systems are fragmented. | PFM systems are not integrated. Government has dec | PFMS system fully operational. New budget codes an |
Date | March 25, 2008 | December 24, 2014 | June 30, 2015 | |
Comment |
MoF, STU and KRU staff trained in PFMS functionality and operations. | Value | None currently trained. | None currently trained. | All staff training completed. |
Date | March 25, 2008 | December 24, 2014 | June 30, 2015 | |
Comment |
Timely and comprehensive fiscal management reports produced. | Value | Currently financial reports are fragmented. | No progress made under the project | Data warehouse is fully operational as a part of i |
Date | March 25, 2008 | December 24, 2014 | June 30, 2015 | |
Comment |
The local budgets are based on program-target method (PTM) and all relevant budgetary program passports are managed with the new PFMS. | Value | Program budgeting at local budget level is optiona | ompleted. 692 local budgets were involved in the | Budget preparation for all 692 local budgets is ba |
Date | March 23, 2012 | December 24, 2014 | June 30, 2015 | |
Comment |
MoF, STSU and SFIU staff, and spending units (SUs) are trained on new legislation & process changes. | Value | MoF staff are not familiar with new PFM legislatio | Change management and training component was not i | + 14 workshops for SUs (1,700 participants)+ Trai |
Date | March 23, 2012 | December 24, 2014 | June 30, 2015 | |
Comment |