Lebanon Fiscal Management Reform 2

Abstract*

The objectives of the Second Fiscal Management Reform Project are to strengthen the recipient's capacity in fiscal policy analysis, debt management, and budgetary allocation of public resources; enhance the efficiency of the recipient's financial management systems; and tighten the control environment for more effective use of the recipient's public resources. There are two components to the project, the first component being macro-fiscal analysis... Show More

Development Objective

The development objective of FMR 2 is to build fiscal policy analysis capacity, strengthen debt management, improve the budgetary allocation of public resources, enhance the efficiency of the government financial management systems, and tighten the control environment for more effective use of public resources.

Key Details

Project Details

Project ID
P133226
Status
Closed
Team Leader
Joey Ghaleb
Borrower 2
Ministry of Finance

Country
Lebanon
Disclosure Date
March 18, 2013
Approval Date
(as of board presentation)
April 14, 2014
Effective Date
December 23, 2015

Total Project Cost 1
US$ 5.20 million
Implementing Agency
Ministry of Finance
Region
Middle East and North Africa
Fiscal Year 3
2014

Commitment Amount
US$ 5.20 million
Environmental Category
C
Last Update Date
December 16, 2016
Closing Date
December 31, 2016

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

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 - Economic Policy

FY17 - Fiscal Policy25%
- FY17 - Fiscal sustainability17%
- FY17 - Public Expenditure Policy4%
- FY17 - Tax policy4%
FY17 - Macro-financial policies12%
- FY17 - External Finance4%
- FY17 - Macroeconomic Resilience4%
- FY17 - Monetary and Credit Policies4%

FY17 - Public Sector Management

FY17 - Public Administration38%
- FY17 - Transparency, Accountability and Good Governance38%
FY17 - Public Finance Management26%
- FY17 - Debt Management13%
- FY17 - Public Expenditure Management13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	5.20

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	5.20
IDA Commitment	N/A
IBRD + IDA Commitment	5.20

Lending Instrument
Grant Amount	N/A
Total Project Cost**	5.20

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$)
Jun 1, 2023	IBRD-83000	Int Charges	268.49
Nov 15, 2018	IBRD-83000	Loan Repay	76,301.76
Dec 1, 2023	IBRD-83000	Int Charges	205.42
Dec 1, 2023	IBRD-83000	Int Charges	41,292.25
Dec 1, 2023	IBRD-83000	Loan Repay	76,301.76
Jun 12, 2024	IBRD-83000	Int Charges	212.40
Jun 12, 2024	IBRD-83000	Int Charges	270.97
Jun 12, 2024	IBRD-83000	Int Charges	41,283.13
Jun 12, 2024	IBRD-83000	Loan Repay	76,301.76
Apr 14, 2014	IBRD-83000	Loan Commitment	5,200,000.00
May 15, 2021	IBRD-83000	Int Charges	6,620.81
Nov 15, 2021	IBRD-83000	Int Charges	6,180.56
Nov 15, 2021	IBRD-83000	Loan Repay	76,301.76
Jun 30, 2022	IBRD-83000	Int Charges	6,125.96
Jun 30, 2022	IBRD-83000	Loan Repay	76,301.76
Dec 14, 2022	IBRD-83000	Int Charges	217.11
Dec 14, 2022	IBRD-83000	Int Charges	22,760.89
Dec 14, 2022	IBRD-83000	Loan Repay	76,301.76
Jun 1, 2023	IBRD-83000	Int Charges	36,042.79
Jun 1, 2023	IBRD-83000	Loan Repay	76,301.76
Jun 1, 2023	IBRD-83000	Int Charges	2,141.51
May 15, 2019	IBRD-83000	Int Charges	34,713.58
May 15, 2019	IBRD-83000	Loan Repay	76,301.76
Nov 15, 2019	IBRD-83000	Int Charges	31,345.05
Nov 15, 2019	IBRD-83000	Loan Repay	76,301.76
May 15, 2020	IBRD-83000	Int Charges	23,251.71
May 15, 2020	IBRD-83000	Loan Repay	76,301.76
Nov 15, 2020	IBRD-83000	Int Charges	10,955.93
Nov 15, 2020	IBRD-83000	Loan Repay	76,301.76
May 15, 2021	IBRD-83000	Loan Repay	76,301.76
Dec 23, 2015	IBRD-83000	Loan Disb	13,000.00
Dec 23, 2015	IBRD-83000	Fee Charges	13,000.00
Mar 14, 2016	IBRD-83000	Loan Disb	600,000.00
May 15, 2016	IBRD-83000	Int Charges	1,031.07
Nov 15, 2016	IBRD-83000	Int Charges	11,320.72
Jun 14, 2016	IBRD-83000	Loan Disb	983,061.25
Oct 18, 2016	IBRD-83000	Loan Disb	170,568.69
Jul 13, 2016	IBRD-83000	Loan Disb	433,693.84
May 15, 2017	IBRD-83000	Int Charges	169.80
May 15, 2017	IBRD-83000	Int Charges	18,474.79
Nov 15, 2017	IBRD-83000	Int Charges	21,089.71
Sep 26, 2017	IBRD-83000	Loan Disb	-63,019.62
Sep 26, 2017	IBRD-83000	Loan Cancel	3,062,696.00
May 15, 2018	IBRD-83000	Int Charges	22,186.02
May 15, 2018	IBRD-83000	Int Charges	165.43
Nov 15, 2018	IBRD-83000	Int Charges	32,662.74
Dec 1, 2023	IBRD-83000	Int Charges	869.03

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Unsatisfactory	2017-01-01
Overall Implementation Progress (IP)	Unsatisfactory	2017-01-01
Project Management	Unsatisfactory	2017-01-01
Financial Management	Satisfactory	2017-01-01
Procurement	Moderately Satisfactory	2017-01-01
Monitoring and Evaluation	Moderately Satisfactory	2017-01-01

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-27-2017
Outcomes	Unsatisfactory
Risk to Development Outcome	Negligible
Bank Performance	Moderately Unsatisfactory
Borrower Performance	Unsatisfactory
Government Performance	Unsatisfactory
Implementing Agency	Moderately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 02-08-2018	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Unsatisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance	Unsatisfactory	N/a
Government Performance	Unsatisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Budget Framework Paper developed and submitted for cabinet discussion prior to the issuance of budget circular Value No No Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Domestic borrowing plans are formulated and published on an annual basis by the PDD Value No Yes Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Line ministries with detailed budgets prepared on time and as per MTFF guidelines Value 0.00 0.00 5.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
MOF financial statements issued in compliance with IPSAS cash standards Value No No Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Annual internal audit report issued by the MOF and approved by the Minister of Finance. Value No No Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Direct project beneficiaries Value 0.00 672.00 60.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Female beneficiaries Value 0.00 59.00 50.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Reduction of cash collected by LAOs and ACO (Beirut Accounting and Cashier Office) Value 0.00 0.00 35.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Reduction in average time of liquidation-payment for selected line ministries Value 0.00 0.00 20.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Line ministries adhering to MOF-issued commitments ceilings based on cash plans Value 0.00 0.00 4.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
General forecasting and policy scenario reports produced by the MFD Value 0.00 3.00 4.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Staff trained on macro-fiscal themes as per the new training program Value 0.00 15.00 15.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Annual analytical reports on debt and risks issued by the PDD using data from the newly installed DMFAS debt recording system. Value No Yes Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment

A medium term debt management strategy is published on an annual basis. From year 3, the scope of the debt management strategy is expanded to include policies regarding managing contingent liabilities	Value	No	Yes	Yes
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment

Sections of the Institutional framework for the Budget Directorate developed and approved	Value	None	pending formal approval	All (5) sections of the institutional framework op
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment

Number of inactive public administration accounts (maintained by Treasury) Value 32.00 0.00 0.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
GFMIS procurement package completed Value No No Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Bids advertised using the new procurement portal Value 0.00 0.00 400.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
Institutions using standard bidding documents Value 0.00 0.00 6.00
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment
MOF interdepartmental control and audit work force established, fully staffed and operational Value No No Yes
Date September 1, 2013 December 5, 2016 December 5, 2016
Comment

Line ministries with detailed budgets prepared on time and as per MTFF guidelines	Value	0.00	0.00	5.00
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment

Direct project beneficiaries	Value	0.00	672.00	60.00
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment

Female beneficiaries	Value	0.00	59.00	50.00
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment

Number of inactive public administration accounts (maintained by Treasury)	Value	32.00	0.00	0.00
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment

GFMIS procurement package completed	Value	No	No	Yes
	Date	September 1, 2013	December 5, 2016	December 5, 2016
	Comment