| Financier | Commitments |
|---|---|
| IBRD Guarantee | 201.50 |
FYR Macedonia Public Expenditure PBG
Abstract*
The development objective of the Public Expenditure Policy Based Guarantee (PEPBG) Program for The Former Yugoslav Republic of Macedonia (FYR Macedonia) is to improve the efficiency of public expenditures by strengthening public financial management practices; improving the efficiency of service provision in the health sector; and strengthening social protection and inclusion. This PEPBG states a guarantee in the amount of EUR155 million (US$201.5... Show More
Development Objective
The overarching goal of the PBG II is to ensure that fiscal policy, and public expenditure policy in particular, supports an environment conducive to robust growth, more effective social protection and improved service delivery. The Program Development Objective of the proposed second single tranche PBG II is to improve the efficiency of public expenditures and public financial management, strengthen pension and health systems and improve social inclusion and targeting of social assistance. In addition, the proposed PBG II would provide incremental market access by helping Macedonia in preserving continued market access at reasonable terms and expanding the borrower's name in the financial market over the medium term. It is expected that the PBG II would improve Macedonia's borrowing terms considerably.
Key Details
Project Details
P133791
Closed
Doerte Doemeland
N/A
October 19, 2012
(as of board presentation)
January 8, 2013
N/A
US$ 201.50 million
N/A
2013
US$ 0.00 million
N/A
December 19, 2024
December 31, 2013
BANK APPROVED
Finances
Financing Plan (US$ Millions)
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 | N/A |
| Total Project Cost** | 201.50 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jan 28, 2020 | IBRD-G2170 | Loan Cancel | 170,670,496.00 |
| Jan 8, 2013 | IBRD-G2170 | Loan Commitment | 201,500,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-28-2016 | PROJECT PERFORMANCE ASSESSMENT REPORT: 06-30-2016 |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | Moderately Satisfactory |
| Risk To Development Outcome | Significant | Significant |
| Bank Performance | Moderately Satisfactory | Moderately Satisfactory |
| Borrower Performance | Moderately Satisfactory | Moderately Satisfactory |
| Government Performance | Not Rated | Moderately Satisfactory |
| Implementing Agency | Not Rated | Moderately Satisfactory |
| Icr Quality | Not Rated | Satisfactory |
| M&e Quality | Substantial | Substantial |
Results Framework
No data available.