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LR-Public Financial Management - IFMIS

Development Objective

'to improve the efficiency of the Government’s accounting system through the provision and installation of a computerized financial management information system in the Ministry of Finance and through strengthening manual accounting systems in line ministries and counties'

Key Details

Project Details

  • P109775

  • Closed

  • Ismaila Ceesay

  • N/A

  • Liberia

  • December 12, 2008

  • (as of board presentation)

    December 12, 2008

  • March 20, 2009

  • US$ 3.70 million

  • C

  • Not Applicable

  • May 31, 2012

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Single Purpose Trust Fund 3.70

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 3.70
Total Project Cost** 3.70

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

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Satisfactory 2012-07-22
Progress towards achievement of PDO Satisfactory 2012-07-22
Financial Management Satisfactory 2012-07-22
Monitoring and Evaluation Satisfactory 2012-07-22
Counterpart Funding Satisfactory 2012-07-22
Project Management Satisfactory 2012-07-22
Overall Implementation Progress (IP) Satisfactory 2012-07-22

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Reduction in number of days taken to process payment vouchers.Value14.007.004.00
    DateDecember 31, 2009May 20, 2011January 31, 2012
    CommentNumber of DaysNumber of daysNo of Days
  • Improvement in the effectiveness of payroll controls, as measured by PEFA indicator 18.ValuePEFA PI-18 Score 'D+'PEFA PI-18 Score 'C'PEFA PI-18 Score C+
    DateDecember 31, 2009May 20, 2011January 31, 2012
    CommentPEFA PI-18 Score 'D'PEFA PI-18 Score 'C'PEFA PI-18 Score C+
  • Regularity and timeliness of account reconciliations improved.Value25.005.005.00
    DateDecember 31, 2009May 31, 2011May 31, 2012
    CommentDaysBank reconciliation for all centrally managed bank accounts take place at the end of the each month. System generated reports arerun within 5 days.Days
  • Improvement in quality of in-year budget reports as measured by PEFA indicator 24.ValuePEFA PI-24 Score 'C'PEFA PI-24 Score 'D+'PEFA PI-24 Score 'B'
    DateDecember 31, 2009May 31, 2012May 31, 2012
    CommentPEFA PI-24 Score 'C'Improved quality and coverage of in-year budget information will depend on effective use of IFMIS for financial recording andreporting, and effective bank reconciliation under IFMIS. The in-year budget reports for FY2010/11 were compiled from differentsources in a fragmented arrangement but with introduction of an IFMIS system this situation will soon be ameliorated.PEFA PI-24 Score 'B'
  • Reduction in number of months taken from close of the fiscal year to submit external audit reports to the legislature.Value0.0018.0012.00
    DateDecember 31, 2009May 31, 2012May 31, 2012
    CommentNo reports submittedIFMIS went live in July 2011. The first full year of the systems operation will be June 30, 2012. First final account from thesystem is yet to be prepared.Reports to be submitted within 6-12 months of FY end.

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of departments/units where IFMIS is operational.Value0.000.003.00
    DateDecember 31, 2009June 18, 2010January 31, 2012
    CommentIFMIS Roll out to Departments and UnitsIFMIS Roll out to Departments and UnitsIFMIS Roll out to Departments and Units
  • In-year reports are generated using IFMIS and published.Value0010
    DateDecember 31, 2009May 20, 2011January 31, 2012
    CommentReport generation is manual but publication not regularReports generated through interim IT system but publication remains irregularReports generated by the IFMIS and published within 10 days of month-end.
  • Percentage of civil servants registered in the HRMISValue0.0040.0075.00
    DateDecember 31, 2009May 20, 2011January 31, 2012
    CommentHRMIS not fully functionalHRMIS only beginning to function.Full productivity of HRMIS as IFMIS module
  • Number of days taken to process payment vouchersValue14.004.004.00
    DateDecember 31, 2009May 31, 2012May 31, 2012
    CommentNumber of days taken to process payment vouchersNumber of days taken to process payment vouchersNumber of days taken to process payment vouchers
  • % of spending units that are using the new and simplified accounting manualValue0.0090.0090.00
    DateDecember 31, 2009May 31, 2012May 31, 2012
    CommentNo simplified accounting manual in place90% transactions of the consolidated fund via the IFMIS – an upgrade from the traditional spending unit manual accounting processes.Simplified accounting manual publicly available
  • % of spending units where improved cash books are in useValue0.00100.0090.00
    DateDecember 31, 2009May 31, 2012May 31, 2012
    CommentVery basic and mundane cash books in useCentralized cash management and systems based cash book covering all GoL consolidated fund transactions.Spending units have complete knowledge and control of their cash situation through improved book keeping.