| Financier | Commitments |
|---|---|
| IDA Credit | 100.00 |
| Borrower/Recipient | 70.00 |
Bangladesh Strengthening PFM Program to Enable Service Delivery
Abstract*
The development objective of the Strengthening Public Financial Management (PFM) Program to Enable Service Delivery - Program-for-Results (PforR) Project for Bangladesh is to improve fiscal forecasting, budget preparation, and execution, financial reporting and transparency to enable better resource availability for service delivery in selected Ministries, Departments, and Agencies. This document describes the context, rationale, and objectives of... Show More
Development Objective
The Program Development Objective (PDO) is to improve fiscal forecasting, budget preparation and execution, financial reporting and transparency to enable better resource availability for service delivery in selected Ministries, Departments, and Agencies.
Key Details
Project Details
P167491
Active
Suraiya Zannath , Khuram Farooq, Nazmus Khan
People's Republic of Bangladesh
July 11, 2018
(as of board presentation)
March 1, 2019
July 3, 2019
US$ 526.50 million
Ministry of Finance
2019
US$ 100.00 million
N/A
Not Applicable
February 28, 2026
No
BANK APPROVED
April 20, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 100.00 |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 526.50 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 1, 2019 | IDA-63680 | Loan Commitment | 100,000,000.00 |
| Oct 13, 2021 | IDA-63680 | Loan Disb | 8,022,845.00 |
| Jul 15, 2024 | IDA-63680 | Int Charges | 254,301.90 |
| Jul 15, 2024 | IDA-63680 | Int Charges | 254,301.90 |
| Jul 15, 2024 | IDA-63680 | Int Charges | 417,111.10 |
| Jul 15, 2024 | IDA-63680 | Int Charges | 4,083.66 |
| Nov 18, 2021 | IDA-63680 | Loan Disb | 11,269,137.00 |
| Jul 15, 2021 | IDA-63680 | Int Charges | 205,450.22 |
| Jul 15, 2021 | IDA-63680 | Int Charges | 123,270.13 |
| Jan 15, 2022 | IDA-63680 | Int Charges | 147,329.78 |
| Jan 15, 2022 | IDA-63680 | Int Charges | 214,424.23 |
| Jan 15, 2022 | IDA-63680 | Int Charges | 3,308.28 |
| Jan 15, 2022 | IDA-63680 | Int Charges | 3,308.28 |
| Jan 15, 2022 | IDA-63680 | Int Charges | 147,329.78 |
| Jul 15, 2022 | IDA-63680 | Int Charges | 34,073.51 |
| Jul 15, 2022 | IDA-63680 | Int Charges | 180,745.52 |
| Jul 15, 2022 | IDA-63680 | Int Charges | 180,745.52 |
| Jul 15, 2022 | IDA-63680 | Int Charges | 301,242.53 |
| Jul 15, 2023 | IDA-63680 | Int Charges | 11,995.95 |
| Jan 15, 2023 | IDA-63680 | Int Charges | 177,684.72 |
| Jan 15, 2023 | IDA-63680 | Int Charges | 177,684.72 |
| Jan 15, 2023 | IDA-63680 | Int Charges | 298,296.62 |
| Jan 15, 2023 | IDA-63680 | Int Charges | 8,458.40 |
| Jan 15, 2023 | IDA-63680 | Int Charges | 8,458.40 |
| Nov 9, 2023 | IDA-63680 | Loan Disb | 18,800,582.00 |
| Jul 15, 2023 | IDA-63680 | Int Charges | 109,842.38 |
| Jul 15, 2023 | IDA-63680 | Int Charges | 109,842.38 |
| Jul 15, 2023 | IDA-63680 | Int Charges | 77,142.83 |
| Jul 15, 2023 | IDA-63680 | Int Charges | 77,142.83 |
| Jul 15, 2023 | IDA-63680 | Int Charges | 307,174.80 |
| Jan 15, 2024 | IDA-63680 | Int Charges | 347,008.62 |
| Jan 15, 2024 | IDA-63680 | Int Charges | 4,406.33 |
| Jan 15, 2024 | IDA-63680 | Int Charges | 210,671.58 |
| Jan 15, 2024 | IDA-63680 | Int Charges | 210,671.58 |
| Jul 15, 2021 | IDA-63680 | Int Charges | 123,270.13 |
| Jul 15, 2021 | IDA-63680 | Int Charges | 5,054.45 |
| Jan 12, 2021 | IDA-63680 | Loan Disb | 12,413,289.00 |
| Jan 15, 2021 | IDA-63680 | Int Charges | 4,660.03 |
| Jan 15, 2021 | IDA-63680 | Int Charges | 78,881.24 |
| Jan 15, 2021 | IDA-63680 | Int Charges | 78,881.24 |
| Jan 15, 2021 | IDA-63680 | Int Charges | 126,358.15 |
| Jul 15, 2020 | IDA-63680 | Int Charges | 764.22 |
| Jul 15, 2020 | IDA-63680 | Int Charges | 75,393.36 |
| Jul 15, 2020 | IDA-63680 | Int Charges | 75,393.36 |
| Jul 15, 2020 | IDA-63680 | Int Charges | 121,157.39 |
| Jan 15, 2020 | IDA-63680 | Int Charges | 93,571.38 |
| Jan 15, 2020 | IDA-63680 | Int Charges | 56,598.42 |
| Jan 15, 2020 | IDA-63680 | Int Charges | 56,598.42 |
| Aug 29, 2019 | IDA-63680 | Loan Disb | 19,807,452.00 |
| Jul 15, 2024 | IDA-63680 | Loan Repay | 1,583,354.90 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-10-31 |
| Monitoring and Evaluation | Moderately Satisfactory | 2024-10-31 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-10-31 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Timely and reliable payments of salaries and vendor invoices with a strengthened TSA and automated payment system Value EFT used for officers’ salaries only. No online bi (i) Using the newly developed online system, bank - 50% EFT- 40% DDOs submitting online bills- Num Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Budget holders in selected MDAs effectively and transparently use financial information Value 0.00 100.00 50.00 Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Use of improved fiscal projections for budget-making Value No Yes Yes Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Improved budget alignment with development strategy through better performance of BMCs Value 0.00 0.00 29.25 Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Reduced number of days for DDOs to receive budget in selected MDAs Value 0.00 94.28 80.00 Date October 1, 2018 April 18, 2024 February 28, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
SOE and autonomous bodies’ debt and contingent liabilities statement prepared and submitted to appropriate authority Value - SOE debt and contingent liabilities are not effe FD conducted several rounds of focused trainings f - Policy and procedures to regulate SOEs’ debt and Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Improved Pension Service (disaggregated by gender) through facilitation of payments through EFT no later than the pension payment cycle following retirement Value - Long process often results in a significant dela The backlog of delayed pension cases has been redu - The GP Fund Module and the Pension Service Modul Date November 1, 2018 April 18, 2024 February 28, 2026 Comment PFM Action Plan implementation is effectively led through an adequate governance structure and an effective change management approach Value PFM reform implementation, monitoring, and course- (i) PECT prepared and published eight semi-annual - Two PFM Action Plan progress reports (prepared o Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Improved performance, reporting, and public disclosure of the SOEs/ABs Value SOEs are not classified as commercial and non-comm SOE performance evaluation guidelines have been de - SOE performance evaluation guidelines have been Date October 1, 2018 April 18, 2024 February 28, 2026 Comment Action taken on internal and external audit reports in Selected MDAs and post-procurement reviews in the Finance Division Value Internal audit units are not effective. Internal -The Internal Audit Charter and Manual have been f - The Model Internal Audit Charter and the Risk-ba Date October 1, 2018 April 18, 2024 February 28, 2026 Comment