| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 110.00 |
Modernization of Public Financial Management Systems in Mexico
Abstract*
The Project comprises four key areas of intervention or components: (1) strengthening core public financial management systems, i.e. budgeting, accounting, treasury, public investment and public debt management; (2) designing and implementing resource management systems in federal government agencies including payroll, procurement, and asset management; (3) enhancing the use and transparency of public financial management information, contributing... Show More
Development Objective
To improve the coverage and timeliness of public financial information and its use by the Federal Public Administration.
Key Details
Project Details
P169959
Closed
Henry Forero Ramirez , Pablo Andres Guzman Abastoflor
United Mexican States
June 3, 2019
(as of board presentation)
February 6, 2020
January 11, 2021
US$ 110.00 million
Ministry of Finance and Public Credit (SHCP)
2020
US$ 110.00 million
N/A
Low
June 30, 2024
No
BANK APPROVED
June 27, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 110.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 110.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 110.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 15, 2023 | IBRD-90420 | Int Charges | 165.52 |
| Sep 8, 2023 | IBRD-90420 | Loan Disb | 74,866.68 |
| Sep 15, 2023 | IBRD-90420 | Int Charges | 105.04 |
| Sep 15, 2023 | IBRD-90420 | Int Charges | 45,406.58 |
| Sep 15, 2022 | IBRD-90420 | Int Charges | 2,440.36 |
| Mar 15, 2021 | IBRD-90420 | Int Charges | 404.25 |
| Mar 15, 2021 | IBRD-90420 | Int Charges | 52,621.07 |
| Mar 15, 2021 | IBRD-90420 | Loan Disb | -275,000.00 |
| Mar 15, 2021 | IBRD-90420 | Loan Disb | 275,000.00 |
| May 30, 2024 | IBRD-90420 | Loan Disb | 34,246.02 |
| Jun 21, 2024 | IBRD-90420 | Loan Cancel | 63,971,508.00 |
| Jun 27, 2024 | IBRD-90420 | Loan Disb | 31,533.59 |
| Mar 15, 2024 | IBRD-90420 | Loan Disb | -292,938.75 |
| Mar 15, 2024 | IBRD-90420 | Loan Disb | 292,938.75 |
| Jul 10, 2024 | IBRD-90420 | Loan Disb | 15,924.36 |
| Jul 10, 2024 | IBRD-90420 | Loan Disb | 15,924.36 |
| Feb 6, 2020 | IBRD-90420 | Loan Commitment | 110,000,000.00 |
| Jul 30, 2024 | IBRD-90420 | Loan Cancel | 6,617.69 |
| Apr 10, 2024 | IBRD-90420 | Loan Disb | 149,733.28 |
| Apr 10, 2024 | IBRD-90420 | Loan Disb | 52,841.85 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 2,516.31 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 3.59 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 2,388.69 |
| Mar 15, 2024 | IBRD-90420 | Loan Repay | 16,170.00 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 5,127.21 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 80,203.11 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 82.32 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 141.09 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 40.46 |
| Mar 15, 2024 | IBRD-90420 | Int Charges | 8,774.12 |
| Sep 15, 2023 | IBRD-90420 | Int Charges | 7.57 |
| Sep 15, 2023 | IBRD-90420 | Int Charges | 7,885.64 |
| Sep 15, 2023 | IBRD-90420 | Int Charges | 2,261.52 |
| Sep 15, 2023 | IBRD-90420 | Loan Disb | -74,866.68 |
| Sep 15, 2023 | IBRD-90420 | Loan Disb | 74,866.68 |
| Nov 28, 2023 | IBRD-90420 | Loan Disb | 35,236.25 |
| Dec 7, 2023 | IBRD-90420 | Loan Disb | 224,600.05 |
| Dec 7, 2023 | IBRD-90420 | Loan Disb | 33,102.45 |
| Mar 15, 2023 | IBRD-90420 | Loan Disb | -78,866.66 |
| Nov 18, 2022 | IBRD-90420 | Loan Cancel | 45,000,000.00 |
| Mar 1, 2023 | IBRD-90420 | Loan Disb | 78,866.66 |
| Mar 15, 2023 | IBRD-90420 | Int Charges | 136,021.38 |
| Mar 15, 2023 | IBRD-90420 | Int Charges | 6,799.95 |
| Sep 15, 2022 | IBRD-90420 | Int Charges | 138,283.56 |
| Mar 15, 2023 | IBRD-90420 | Int Charges | 313.66 |
| Mar 15, 2023 | IBRD-90420 | Loan Disb | 78,866.66 |
| Sep 15, 2021 | IBRD-90420 | Int Charges | 138,283.56 |
| Sep 15, 2021 | IBRD-90420 | Int Charges | 1,138.52 |
| Mar 15, 2022 | IBRD-90420 | Int Charges | 136,028.94 |
| Mar 15, 2022 | IBRD-90420 | Int Charges | 1,078.46 |
| Jan 11, 2021 | IBRD-90420 | Loan Disb | 275,000.00 |
| Jan 11, 2021 | IBRD-90420 | Fee Charges | 275,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-06-25 |
| Financial Management | Moderately Satisfactory | 2024-06-25 |
| Monitoring and Evaluation | Moderately Satisfactory | 2024-06-25 |
| Progress towards achievement of PDO | Moderately Unsatisfactory | 2024-06-25 |
| Project Management | Moderately Unsatisfactory | 2024-06-25 |
| Overall Implementation Progress (IP) | Moderately Unsatisfactory | 2024-06-25 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of units in SHCP using information from a common data warehouse primarily fed by the FMIS Value 0.00 0.00 100.00 Date November 21, 2019 June 3, 2024 December 31, 2023 Comment Reduction in the time to produce consolidated budget execution information Value 30.00 30.00 7.00 Date December 2, 2019 June 3, 2024 December 31, 2024 Comment Share of federal budget directly executed through the IFMIS Value 75.00 75.00 88.00 Date November 21, 2019 June 3, 2024 December 31, 2024 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of Secretariats managed by a standardized payroll management system Value 0.00 0.00 70.00 Date November 21, 2019 June 3, 2024 July 31, 2024 Comment Integrated dashboard with strategic and operational information of the following PFM areas has been implemented: budgeting, cash management, accounting, debt management and public investment Value 0.00 0.00 3.00 Date November 21, 2019 June 3, 2024 December 29, 2023 Comment Core PFM sub-systems are conceptually integrated and technologically connected on-line Value Core PFM processes and IT solutions are fragmented Core PFM processes and IT solutions are fragmented All PFM core processes and information systems wer Date November 21, 2019 June 3, 2024 December 31, 2023 Comment Percentage of core PFM information systems have successfully passed external cyber security audit, during the last 18 months Value 0.00 0.00 100.00 Date November 21, 2019 June 3, 2024 March 31, 2025 Comment Data analytics tools for PFM information have been implemented and used for producing fiscal statistics and reports Value No No Yes Date November 21, 2019 June 3, 2024 December 29, 2023 Comment Expenditure cycle stages registered on time Value A baseline will be constructed as part of project A baseline will be constructed as part of project An end target will be constructed as part of proje Date November 21, 2019 June 3, 2024 December 31, 2023 Comment Percentage increase of core PFM information systems’ up-time Value There is no data about information systems up-time There is no data about information systems up-time An end target will be defined through the up-time Date November 21, 2019 June 3, 2024 April 30, 2024 Comment Interoperability between administrative and core financial management processes implemented Value Not integrated Not integrated Resource management information systems are integr Date November 21, 2019 June 3, 2024 April 28, 2023 Comment Stages of the public investment cycle (planning, formulation, registry, budget execution, monitoring, evaluation and transparency) that are integrated within public investment management system Value PIM stages, core processes and workflows of inform PIM stages, core processes and workflows of inform All PIM stages, core processes and workflows of in Date November 21, 2019 June 3, 2024 December 31, 2022 Comment Improved user satisfaction related to accessibility, timeliness and quality of information provided by the fiscal transparency platform Value 0.00 0.00 70.00 Date November 21, 2019 June 3, 2024 March 29, 2024 Comment Share of central government infrastructure projects that are formulated under climate resilience methodologies Value 0.00 0.00 70.00 Date November 21, 2019 June 3, 2024 July 31, 2022 Comment Single document repository of PFM in use by Ministry of Finance Units and entities Value No PFM repository exists. No PFM repository exists. A PFM repository has been developed and is used by Date November 18, 2022 June 3, 2024 April 25, 2025 Comment Share of budgetary programs with revised program structure and medium-term financial and performance projections aligned with medium-term expenditure framework Value 0.00 0.00 100.00 Date November 21, 2019 June 3, 2024 December 1, 2023 Comment