The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Modernization of Public Financial Management Systems Project (P151357) MIDDLE EAST AND NORTH AFRICA | Iraq | Governance Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 11 | ARCHIVED on 20-Jun-2022 | ISR51771 | Implementing Agencies: Federal Ministry of Finance, Federal Ministry of Planning, KRG Ministry of Planning, Republic of Iraq Key Dates Key Project Dates Bank Approval Date: 20-Dec-2016 Effectiveness Date: 28-Dec-2016 Planned Mid Term Review Date: 01-Nov-2020 Actual Mid-Term Review Date: 12-Oct-2020 Original Closing Date: 30-Nov-2021 Revised Closing Date: 30-Nov-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective (PDO) is to improve financial information management and transparency, cash management, public investment management and public procurement modernization at selected federal and governorate agencies. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Public Financial Management:(Cost $37.17 M) Public Investment Management and Public Procurement at Federal Level:(Cost $0.03 M) Public Investment Management and Public Procurement at KRG Level:(Cost $4.20 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Since the last ISR in December 2021, the Ministry of Finance has signed an Implementation Capacity Consultant (ICC) contract with "AARC Ltd.". The company has started implementing Phase 1 which comprises the following key activities being completed jointly between the Ministry of Finance and the company:  Inception including vendor events and risk assessments  Update of IFMIS functional and technical requirements  Preparation of procurement documents for the World Bank procurement procedure. The status of the project component in relation to the KRG is also progressing smoothly. 6/20/2022 Page 1 of 6 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High High High Macroeconomic High High High Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Substantial High High Sustainability Fiduciary High High High Environment and Social Low Low Low Stakeholders Substantial Substantial Substantial Other -- -- -- Overall High Substantial Substantial Results PDO Indicators by Objectives / Outcomes Improve financial information management, transparency and cash management IN01150972 ►Share of federal budget executed through the TSA (Percentage) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 16-Jan-2017 11-Dec-2021 06-Jun-2022 30-Nov-2024 No progress has been achieved to date. Comments: IN01150973 ►Sites preparing financial statements on new chart of accounts/ Budget classification using the IFMIS (Number) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 600.00 Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 30-Nov-2024 Comments: No progress to date 6/20/2022 Page 2 of 6 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Improve transparency IN01150929 ►Citizen's budgets posted on the MoF website (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 2.00 Date 27-Dec-2017 11-Dec-2021 06-Jun-2022 29-Nov-2024 The Federal Ministry has prepared the country's first citizen's budget document for 2018. Draft Citizen Budget has been prepared for 2019, however, it has not been finalized and published due to Comments: challenges of the 2019 budget preparation process. A draft Citizen Budget for 2020 was not prepared as the Annual Public Budget Law has not been enacted by the Parliament. Improve public investment management IN01150930 ►Share of public investment projects (per threshold) in pilot line ministries at the KRG level that are subject to new appraisal and selection mechanisms and registered in the KDMS (Percent ) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 10.00 20.00 Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 29-Nov-2024 Public procurement modernization IN01150971 ►Use of KRG e-GP system for public tenders and contract awards. (Percentage by number of tenders and contracts) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 27-Nov-2020 11-Dec-2021 06-Jun-2022 29-Nov-2024 Intermediate Results Indicators by Components Component 1: Public Financial Management IN01150974 ►Citizens budget feedback mechanism operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes 6/20/2022 Page 3 of 6 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Date 02-Jan-2017 11-Dec-2021 06-Jun-2022 29-Nov-2024 IN01150976 ►IFMIS end users proficient in IFMIS operations in pilot Sites (Number to be disaggregated by % of female) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 200.00 Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 30-Nov-2024 IN01150978 ►IFMIS Contract awarded (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 30-Nov-2024 IN01150979 ►Annual Budget prepared on new chart of accounts/budget classification using IFMIS (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 30-Nov-2024 IN01150980 ►Transparency/Citizen Engagement: Annual Financial Statements on IPSAS Cash Standard published on MoF Web Site, with Citizen Feedback mechanism (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 30-Nov-2024 Component 3: PIM and Public Procurement at KRG Level IN01150975 ►Share of KRG public investment projects registered in the Developed KDMS (Percentage by number of the Public Investment Projects). (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 31-Dec-2020 11-Dec-2021 06-Jun-2022 29-Nov-2024 IN01150977 ►Use of SBDs prepared with new procurement regulations at the KRG level (Percentage by number of SBD’s) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 6/20/2022 Page 4 of 6 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Date 01-Jan-2021 11-Dec-2021 06-Jun-2022 29-Nov-2024 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P151357 IBRD-86830 Effective USD 41.50 41.50 0.00 4.16 37.34 10% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151357 IBRD-86830 Effective 20-Dec-2016 20-Dec-2016 28-Dec-2016 30-Nov-2021 30-Nov-2024 Cumulative Disbursements 6/20/2022 Page 5 of 6 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Restructuring History Level 2 Approved on 10-May-2021 Related Project(s) There are no related projects. 6/20/2022 Page 6 of 6