1. What We Do

Cambodia PFM Modernization Project

Abstract*

The Public Financial Management Modernization Project of Cambodia has an objective is to enhance public financial management by strengthening: (a) revenue mobilization and (b) budget execution processes through the implementation of Financial Management Information System (FMIS). Progress against the principal objective will be measured by the contribution made to the PFMRP’s Key Performance Indictors and Targets set forth under the Stage Two of the...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The project development objective is to enhance public financial management by strengthening: (a) revenue mobilization and (b) budget execution processes through the implementation of the Financial Management Information System (FMIS). Progress against the principal objective will be measured by the contribution made to the PFMRP’s Key Performance Indicators and Targets set forth under the Stage Two of the PFMRP.

Key Details

Project Details

  • P143774

  • Closed

  • SOK BUNTHOEUN SO , Leah April

  • Ministry of Economy and Finance

  • Cambodia

  • May 17, 2013

  • (as of board presentation)

    December 4, 2013

  • November 7, 2013

  • US$ 12.00 million

  • Ministry of Economy and Finance, Royal Government of Cambodia

  • East Asia and Pacific

  • 2014

  • US$ 12.00 million

  • C

  • Not Applicable

  • May 14, 2017

  • Yes

  • BANK APPROVED

  • September 22, 2022

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Cambodia Public Financial Management Partnership 12.00

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 12.00
Total Project Cost** 12.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2017-03-30
Financial Management Satisfactory 2017-03-30
Overall Implementation Progress (IP) Satisfactory 2017-03-30
Procurement Satisfactory 2017-03-30
Project Management Satisfactory 2017-03-30
Monitoring and Evaluation Moderately Satisfactory 2017-03-30

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 11-13-2017
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-26-2018PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Improved timeliness to locate financial data and reportsValueIt took up to two days to locate specific dataLess than 30 minutesLess than 30mn
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • Improved timeliness in the payment processing at GDNTValuePayment process could take between 15 to 30 days i10-15 working days10 -15 working days
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • More timely closure of financial accounts at the end of the fiscal yearValue9 to 10 months delay in financial account closure3 to 4 months3 - 4 months
    DateDecember 31, 2013May 14, 2017May 14, 2017
    Comment
  • More non-tax revenue sourcesValue24 inter-ministerial Prakases (2013)37 (22 revised)37 (22 revised)
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • Revenues from property and customs tax increasedValueRevenue from property tax KHR 62.7 billion (2013)KHR 85 billion85
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Improve budget classification through the implementation of the uniform account code structureValueSeven budget classification codes developed [FunctEC, AC, GC, PC, FCEC, AC, GC, PC, FC
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • Financial Statements presented with disclosure of the accounting standards used as the basis for their preparation and accounting policies followedValuePreparation of IPSAS cash basis in progressPartial IPSAS cash basis report producedPartial IPSAS cash basis report produced
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • FMIS implemented at MEF and Provincial Treasury (PTs)ValueProcurement process in progressMEF and all PTsMEF and all PTs
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • Budget control and execution modules implementedValue0 module implementedBA; GL, AR; AP; CM; and POBA; GL, AR; AP; CM; and PO
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment
  • Revenue mobilization action plans developed and its implementation monitoredValueRevenue mobilization strategy developed and (2013-Interim monitoring reports developed3,4
    DateDecember 31, 2013May 14, 2017December 31, 2017
    Comment