Public Financial Management Enhancement Project

Abstract*

The development objective of Public Financial Management Enhancement Project (PFMEP) for Zimbabwe is to improve control, transparency and accountability, and oversight in the use of public resources in the Recipient’s territory. It has five components as follows: 1) The first component, Financial Management and Accounting, aims to improve financial reporting, strengthen fiscal controls, and enhance financial transparency. 2) The second component... Show More

Development Objective

<p>The Project development objective (PDO) is to improve control, transparency and accountability, and oversight in the use of public resource in Zimbabwe. The Project will contribute to enhancing fiscal discipline, strategic allocation of resources, and service delivery efficiency, through strengthened systems, procedures and targeted capacity-building.</p>

Key Details

Project Details

Project ID
P152932
Status
Closed
Team Leader
Jiwanka Wickramasinghe
Borrower 2
Republic of Zimbabwe

Country
Zimbabwe
Disclosure Date
October 7, 2015
Approval Date
(as of board presentation)
March 24, 2016
Effective Date
June 24, 2016

Total Project Cost 1
US$ 20.80 million
Implementing Agency
Ministry of Finance and Econ Devt
Region
Eastern and Southern Africa
Fiscal Year 3
2016

Commitment Amount
US$ 20.80 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
May 31, 2021

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED
Last Update Date
July 13, 2022

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 - Economic Growth and Planning25%
- FY17 - Migration, Remittances and Diaspora Engagement25%
FY17 - Fiscal Policy25%
- FY17 - Subnational Fiscal Policies25%

FY17 - Human Development and Gender

FY17 - Labor Market Policy and Programs25%
- FY17 - Labor Market Institutions25%

FY17 - Private Sector Development

FY17 - Jobs25%
- FY17 - Youth Employment25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Zimbabwe Reconstruction Fund (ZIMREF)	20.80

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	20.80
Total Project Cost**	20.80

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

No data available.

Detailed Financial Activity as of April 30, 2025

No data available.

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Satisfactory	2021-01-13
Overall Implementation Progress (IP)	Moderately Satisfactory	2021-01-13
Progress towards achievement of PDO	Moderately Satisfactory	2021-01-13
Procurement	Satisfactory	2021-01-13
Project Management	Moderately Satisfactory	2021-01-13
Monitoring and Evaluation	Moderately Satisfactory	2021-01-13

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 02-05-2022
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Modest	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

C1: Timely preparation and reporting of annual Consolidated Revenue Fund (CRF) financial statements based on PFMS data and reporting tools, after end of financial year.	Value	9.00	6.00	0.00
	Date	November 22, 2017	May 31, 2021
	Comment

C2: Completed annual internal audit work plan for the six largest spending ministries Value 70.00 80.00 0.00
Date December 31, 2017 May 31, 2021
Comment
C3: Timely completion and submission of the previous FY's audit reports to the Parliament (upon receipt from MoFED) Value 12.00 6.00 0.00
Date November 22, 2017 May 31, 2021
Comment
C4: PAC recommendations implemented by the MoFED (per received Treasury Minutes). Value 80.00 90.00 0.00
Date November 22, 2017 May 31, 2021
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

C1.1: Statutory Funds Accounts collecting revenues are captured in PFMS for financial reporting (share of total flow of 90 statutory funds) Value 0.00 10.00 0.00
Date November 22, 2017 May 31, 2021
Comment
C2.1: PFMS internal audit report issued. Value No PFMS internal audit report issued.
Date November 22, 2017 May 31, 2021
Comment

C3.1: Audit recommendations for the previous FY implemented by MDAs (per the Audit Report on Appropriation Accounts, Finance and Revenue Statements)	Value	48.00	55.00	0.00
	Date	November 22, 2017	May 31, 2021
	Comment

C4.1: Number of Treasury Minutes received from the MoFED Value 2.00 4.00 0.00
Date November 22, 2017 May 31, 2021
Comment
C1.2: PFMS Grant Management module is configured to capture relevant donor funded projects. Value 2.00 10.00 0.00
Date November 22, 2017 May 31, 2021
Comment
C3.2: Performance audit reports presented to Parliament (annually). Value 2.00 4.00 0.00
Date November 23, 2017 May 31, 2021
Comment
C4.2: Time taken by Parliament to analyze the Government audited financial statements (in sitting months) Value 9.00 7.00 0.00
Date November 22, 2017 May 31, 2021
Comment

C1.3: District level entities are using PFMS Kiosks for daily operations (procurement, payments and revenue transactions) and reporting.	Value	0	District level entities are using 30 PFMS Kiosks f
	Date	November 22, 2017	May 31, 2021
	Comment

C2.2: Revised Accounting Procedures Manual is in place.	Value	Existing Accounting Procedures Manual is outdated	Revised Accounting Procedures Manual is in place a
	Date	November 22, 2017	May 31, 2021
	Comment

C3.3: Audit quality and checklist procedures in place for outsourced audits to private firms.	Value	Audit quality and checklist procedures are not in	Audit quality and checklist procedures are in plac
	Date	November 22, 2017	May 31, 2021
	Comment

C.4.3: Pre-budget and post-budget consultative meetings conducted by the Portfolio Committees (cumulative, supported by the project) Value 18.00 38.00 0.00
Date November 22, 2017 May 31, 2021
Comment

C1.4: BPC and BI modules are fully operational and are used to prepare and consolidate budget and monitor the performance providingaccess to all MDAs through new web portal.	Value	Requirements identified and procurement process in	New BPC and BI modules and web portal are fully op
	Date	November 22, 2017	May 31, 2021
	Comment

C2.3: A limited PEFA assessment on indicator PI 29 (Annual Financial Reports) conducted finding at least initial improvement Value No Yes
Date April 13, 2018 May 31, 2021
Comment
C4.4: Recommendations from pre-budget consultations taken up by the MoFED. Value 64.00 50.00 0.00
Date November 22, 2017 May 31, 2021
Comment

C4.5: Citizens participating in the pre-budget and post-budget consultations conducted by Parliament Committees (cumulative, supported by the project) (disaggregated by gender)	Value	680 (of which 30% female)	1380/ 40% females
	Date	November 22, 2017	May 31, 2021
	Comment