Financier | Commitments |
---|---|
IDA Credit | 6.00 |
IDA Grant | 6.00 |
P164322
Closed
Franck Bessette , Fabian Seiderer
Ministry of Finance and Treasury
February 8, 2018
(as of board presentation)
June 7, 2018
N/A
US$ 12.00 million
Ministry of Finance and Treasury
2018
US$ 12.00 million
C
September 3, 2021
July 31, 2022
Yes
BANK APPROVED
Financier | Commitments |
---|---|
IDA Credit | 6.00 |
IDA Grant | 6.00 |
Product Line | IBRD/IDA |
---|---|
IBRD Commitment | N/A |
IDA Commitment | 12.00 |
IBRD + IDA Commitment | 12.00 |
Lending Instrument | |
---|---|
Grant Amount | N/A |
Total Project Cost** | 12.00 |
INDICATOR | BASELINE | CURRENT | TARGET |
---|
Deviation between aggregate expenditure out turn and the original approved budget | Value | 18.74 | 6.15 | 5.00 |
Date | December 31, 2013 | November 22, 2017 | July 31, 2022 | |
Comment |
Public Access to Key Fiscal Information | Value | Documents not made available to the public: (1) Y | Y3 target partly achieved.BERs are being regularl | Public disclosure of the following key fiscal info |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Comprehensiveness of debt data recording and reporting | Value | Annual statement of debt covering domestic and ext | Achieved.BERs with commitment information, the a | Domestic and foreign debt records are complete, in |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Coverage and quality of the internal audit function | Value | There is no internal audit focused on systems moni | Partially achieved Internal audit is functional | The internal audit function is operational in 100% |
Date | February 28, 2014 | November 22, 2017 | July 31, 2019 | |
Comment |
SOE financial reporting and disclosure | Value | 50.00 | 70.00 | 100.00 |
Date | March 5, 2018 | June 6, 2018 | July 31, 2022 | |
Comment |
INDICATOR | BASELINE | CURRENT | TARGET |
---|
Coherent set of PFM laws and regulations | Value | NIL | Policy direction received to proceed with drafting | Draft proposal for revised PFM laws prepared and p |
Date | February 28, 2014 | November 22, 2017 | July 31, 2019 | |
Comment |
Decreased variation in expenditures out-turn : within year | Value | 10.00 | 6.15 | 5.00 |
Date | February 28, 2014 | November 22, 2017 | July 31, 2019 | |
Comment |
Reduced variance of the composition of expenditure from the original budget | Value | 20.00 | 24.00 | 12.00 |
Date | February 28, 2014 | November 22, 2017 | July 31, 2019 | |
Comment |
Increased capacity on macro fiscal planning | Value | 0% of staff trained on macro fiscal planning. No | MTEF was used for fiscal strategy formulation. Sta | Production of a Macro fiscal forecasting tool to i |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Increased capacity on debt and cash management | Value | Credible DMS does not exist. | Y3 results met. Debt management strategy exists. | Debt management strategy produced |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Timely and comprehensive in-year budget execution reports (BERs) produced | Value | NIL | Percentage of MM module rolled out to Male based a | System-generated monthly BERs with information on |
Date | February 28, 2014 | November 22, 2017 | July 31, 2019 | |
Comment |
BERs subjected to audit by internal auditors | Value | 0.00 | 0.00 | 100.00 |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Timely preparation of annual financial statements (AFS) | Value | AFS not accepted by audit as complete and ready fo | Y3 results met. MOFT staff and other AGA's have | System-generated AFS submitted to audit within 4 m |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Enhance payroll controls | Value | No integration and reconciliation between personne | Initial scoping document completed for an interfac | Establishment registers that drive payroll through |
Date | February 28, 2014 | November 22, 2017 | July 31, 2019 | |
Comment |
Capacity building on procurement through the implementation of a new Procurement curricula | Value | NIL | Nil | 15 |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Improved communication of PFM reforms | Value | No PFM communication strategy | Communication strategy prepared. | Communication strategy existsAll planned consult |
Date | February 28, 2014 | November 22, 2017 | July 31, 2022 | |
Comment |
Inclusion of CPA techniques in Performance Audit | Value | No use of CPA | Two pilot Performance Audits conducted using CPA | |
Date | May 1, 2018 | July 31, 2022 | ||
Comment |
Updated gender disaggregated statistics to inform fiscal policy | Value | No recent data on household income/expenditures | Findings from HHIES have been published | |
Date | May 1, 2018 | July 31, 2022 | ||
Comment |
Improved asset management | Value | Asset registry not annexed to AFS | End year Financial Statements with asset registry | |
Date | May 1, 2018 | July 31, 2022 | ||
Comment |