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Somalia PFM Capacity Strengthening Project

Development Objective

The Project Development Objective (PDO) is “to establish systems for more transparent and accountable management and use of public funds in Somalia”.

Key Details

Project Details

  • P146006

  • Closed

  • Winston Cole

  • Ministry of Finance and Planning

  • Somalia, Federal Republic of

  • December 4, 2013

  • (as of board presentation)

    December 4, 2013

  • January 17, 2014

  • US$ 4.50 million

  • Public Financial Management Reform Coordinating Unit - Ministry of Finance and Planning

  • Eastern and Southern Africa

  • 2014

  • US$ 4.50 million

  • C

  • Not Applicable

  • March 31, 2016

  • BANK APPROVED

  • December 16, 2016

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
State and Peace Building Fund 4.50

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 4.50
Total Project Cost** 4.50

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

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

Detailed Financial Activity as of June 30, 2025

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

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2016-03-31
Progress towards achievement of PDO Satisfactory 2016-03-31
Overall High 2016-03-31

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Time taken to publish Annual Financial StatementsValue12.003.003.00
    DateDecember 31, 2013March 28, 2016March 31, 2016
    Comment
  • % decrease in difference between budgeted and actual aggregate expenditureValue70.0043.0010.00
    DateDecember 31, 2012March 28, 2016March 31, 2016
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Annual Work Plan on trackValue0.0095.0090.00
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • Number of PFM accredited staffValue0.0037.0050.00
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • Multi-dimensional chart of accounts produced and used for planning, budget execution, accounting and reportingValueOrganization and economic segments onlyChart of Accounts (CoA) expanded from two segmentsFunction (program) segment implemented
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • Timeliness of bank reconciliationValue90.007.007.00
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • Comprehensive Operating Procedures Manual (COPM)ValueInadequate guidelines on PFM business processesPFM Bill endorsed by Council of Ministers on MarchComprehensive Operating Procedures Manual (COPM)
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • % value of central government budget executed through SFMISValue0.00100.00100.00
    DateDecember 31, 2013March 29, 2016January 31, 2016
    Comment
  • Treasury Single Account (TSA)ValueNoYesYes
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • Transparency, comprehensiveness and competition in the legal and regulatory frameworkValueLow public access to complete, reliable and timelyRequest for Proposals (RFPs) posted on government Simplified procurement processed adopted
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment
  • Time taken to publish quarterly unaudited reportsValue90.007.007.00
    DateDecember 31, 2013March 29, 2016March 31, 2016
    Comment