As part of the Preparation of the Burkina Faso Water Supply and Sanitation Program, the Integrated Fiduciary Systems Assessment (IFSA) was carried out, consistent with Bank Policy and Bank Directive: Program-for-Results Financing and in accordance with the World Bank Guidance Notes for Program-for-Results Financing.
... See More + The objective of the assessment was to examine whether Program systems provide reasonable assurance that the financing proceeds will be used for their intended purposes, with due attention to the principles of value for money, economy, integrity, fit-for-purpose, efficiency, effectiveness, transparency, fairness, and accountability. The financial management systems were assessed to gauge the extent to which the planning, budgeting, accounting, controls, funds flow, financial reporting, and auditing systems and practices provide a reasonable assurance on the appropriate use of Program funds and safeguarding of its assets. Equally, the Program procurement systems have also been assessed to establish the extent to which the planning, the bidding, evaluation, contract award and contract administration arrangements and practices provide reasonable assurance in support of achievement of the Program results through its procurement processes and procedures. In addition, the assessment covered the aspects of capacity of the fiduciary systems and considered how Program governance systems manage the risks of fraud and corruption and how such risks will be mitigated. The assessment focused on the fiduciary capacity of the implementing entities in terms of planning and budgeting, budget execution, internal controls and external auditing taking into account the quality of the legislative and institutional framework for procurement, financial management, and governance and anti-corruption applicable to the Program. The IFSA concludes that the Program’s Integrated Fiduciary Systems have the capabilities to provide reasonable assurance that the financing proceeds will be used for intended purposes with the objective of supporting the achievement of the Programobjectives.
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Program-for-Results Fiduciary Systems Assessment 126956 JUN 05, 2018
Pursuant to World Bank policy and directives for Program-for-Results Financing (July 10, 2015)and the Program-for-Results Fiduciary Systems Assessment Guidance Note (June 30, 2017), theWorld Bank’s fiduciary team assessed whether the Program’s fiduciary systems providereasonable assurance that financing proceeds will be used for the intended purposes, with dueattention to the principles of economy, efficiency, effectiveness, transparency, andaccountability.
... See More + Based on the assessment and agreed upon actions to strengthen the system,which are reflected in the Program Action Plan (PAP), and other mitigation measures, theProgram’s fiduciary systems are considered broadly adequate to meet the requirements in theBank’s PforR Policy and Directive.
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Program-for-Results Fiduciary Systems Assessment 126954 JUN 04, 2018
This is an assessment of the fiduciary arrangements of Government of Indonesia Investing in Nutrition and Early Years (INEY) Program in accordance with the World Bank’s OP/BP 9.0 to determine suitability of the application of the Program for Results (PforR) instrument and to mitigate fiduciary risks of the proposed Program.
... See More + This document contains summary findings on the Fiduciary Systems Assessment (FSA). In accordance with “PforR Financing Interim Guidance Notes” a FSA was carried out that evaluated the fiduciary systems pertaining to the Program to determine whether they provide reasonable assurance that the Program funds will be used for their intended purpose.objective of the proposed World Bank operation is to increase simultaneous utilization of nutrition interventions by 1,000-day households in priority districts.The FSA concluded that, subject to the implementation of the Program Action Plan to mitigate the identified risks, the overall fiduciary framework is adequate to support Program implementation and to achieve the desired results. The FSA comprised an assessment of the fiduciary risks relating to: (i) procurement; (ii) financial management (FM); and (iii) governance (including fraud and corruption risks) relevant to the Program. The objective of the FSA is to provide a reference that can be used to monitor fiduciary systems performance during Program implementation and identify actions, as needed, to enhance those systems.The overall objective of the assessment is to ascertain whether the program systems provide reasonable assurance that the financing proceeds will be used for intended purposes. The assessment is conducted with due attention to the principles of economy, efficiency, effectiveness, transparency, and accountability and whether the systems are adequate to achieve its expected objectives and results within their specific areas. It reviews the capacity of Implementing Agencies to manage the program which include to plan, budget, execute, record, control, and produce timely, relevant, and reliable financial information.
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Program-for-Results Fiduciary Systems Assessment 126718 MAY 25, 2018
This is an assessment of the fiduciary systems of the Government of Indonesia to determine their adequacy for the Indonesia – Supporting Primary Health Care Reform Program (I-SPHERE) in accordance with the Bank’s Policy and Directive.7 The FSA comprises an assessment of the procurement systems and financial management (FM) systems relevant to the Program.
... See More + This document contains the findings of the FSA conducted in accordance with the Guidance Note issued on June 30, 2017. The overall objective of the Assessment is to conclude whether the Program fiduciary systems provide reasonable assurance that the financing proceeds will be used for the intended purposes, with due attention to the principles of economy, efficiency, transparency, effectiveness, and accountability. The FSA reviews the capacity of the implementing agency to manage the Program: to plan, budget, execute, record, control, and produce timely, relevant, and reliable financial information. It examines whether the Program expenditure framework is comprehensive, clearly defined, and part of the borrower’s regular FM processes. The proposed Program is US$13.507 billion, supported by a US$150 million IBRD Loan (using a Program-for-Results (PforR) instrument), and US$13.357 billion in government financing (from APBN, BPJS Health, and DAK non-fisik), and would be implemented over a period of five years (2018-2023).The government has existing fiduciary controls that are currently implemented for the Program. The FSA comprises an assessment of the fiduciary risks relating to procurement and financial management relevant to the Program. The FSA is based on an assessment of the Ministry of Health (MoH), Badan Penyelenggara Jaminan Sosial Kesehatan (BPJS - Health), selected Local Governments (LGs) and (Puskesmas). The disbursement of funds under the Program will be linked to DLIs tied to three result areas: (i) strengthening national performance monitoring for enhanced local government and facility accountability; (ii) implementing national standards for improved clinical and managerial performance (strengthen credibility and capacity of accreditation commission, increase accreditation of puskesmas and private providers, ensure availability of human resources in remote areas, capacity building of LG staff in planning, budgeting, and management of health services); and, (iii) enhancing performance orientation of health financing for better local service delivery.
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Program-for-Results Fiduciary Systems Assessment 126466 MAY 22, 2018
As per the World Bank Policy and Directive on Program for Results (PforR) (2015), the Fiduciary Systems Assessment (FSA) of the Transformation of Agriculture Sector Program 4 Phase 2 was performed.
... See More + The Organization for Economic Co-operation and Development- Development Assistance Committee (OECDDAC) ‘four pillars’ approach was used in defining the program procurement risks. The assessment covered the key institutions directly responsible for the PforR , namely, the Ministry of Agriculture and Animal Resources (MINAGRI), the Rwanda Agriculture Board (RAB), the National Agriculture Export Board (NAEB) and Districts. The FSA entailed the review of the capacity of key participating entities on their ability (a) to plan, record, control, and manage all Program resources and produce timely reliable information to the stakeholders for monitoring and decision-making purpose; (b) to follow and monitor procurement rules and procedures, capacity, and procurement related risks associated with the Program; and (c) to ensure that implementation arrangements are adequate and fiduciary risks are reasonably mitigated. The review concludes that, (i) the fiduciary risk is Substantial and (ii) the procurement and financial management arrangements complied with World Bank Policy and Directives on PforR requirements and provide reasonable assurance that the proceeds of financing will be used in an economical, effective and efficient manner for the attainment of the Program Development Objectives (PDO). It is worthy to mention that the fiduciary risk identified on the ongoing PforR operation (P148927) does not prevent the achievement of the PDO. No high-value contract with value exceeding Operational Procurement Review Committee (OPRC) threshold is identified under the program procurement plan.
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Program-for-Results Fiduciary Systems Assessment 126039 MAY 08, 2018
A Fiduciary Systems Assessment (FSA) of the SMART Punjab Program was undertaken in accordance with Operational Policy/Bank Procedure, Program-for-Results Financing.
... See More + The assessment reviews the fiduciary arrangements relevant to the SMART Punjab Program in the Program Coordination and Monitoring Unit (PCMU) established in the Planning and Development (P and D) Department of the Government of Punjab (GoPunjab) and in the seven implementing agencies of the GoPunjab (Agriculture Department; Livestock and Dairy Development Department; Irrigation Department; Food Department; Industries, Commerce and Investment Department; Finance Department; and Planning and Development Department) to determine whether these implementing agencies provide reasonable assurance that Program financing proceeds will be used for the intended purposes. The FSA comprises (a) an assessment of the fiduciary risks relating to financial management (FM), procurement, and governance arrangements, including fraud and corruption (F and C) risks, and (b) a holistic assessment of the Program’s expenditure management systems. It was undertaken jointly by FM and Procurement Specialists.
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Program-for-Results Fiduciary Systems Assessment 122597 JAN 01, 2018
A fiduciary systems assessment (FSA) was carried out to evaluate the fiduciary systems pertaining to the Program to determine whether they provide reasonable assurance that the Program funds will be used for their intended purpose.
... See More + The assessment concluded that, subject to the implementation of the Program Action Plan to mitigate the identified risks, the overall fiduciary framework is adequate to support Program implementation and to achieve the desired results. The FSA comprised an assessment of the fiduciary risks relating to: (i) procurement (ii) financial management; and (iii) governance (including fraud and corruption risks) relevant to the Program. The objective of the FSA is to provide a reference that can be used to monitor fiduciary systems performance during the Program implementation and identify actions, as needed, to enhance those systems.
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Program-for-Results Fiduciary Systems Assessment 113569 MAR 01, 2017
The Government's vision for social protection (SP), as elaborated in the 2007 National Social Protection Strategy (NSPS), was to develop an integrated and comprehensive SP platform focused on the needs of the poorest and most vulnerable groups.
... See More + The critical areas of investment are reflected in the Vision 2025 document, which aims to enhance the effectiveness of SP instruments through strengthened administration and expanding the scope of the Government's income support program. In line with this vision, the immediate outlook is focused on an updated and dynamic National Socio Economic Registry (NSER) for beneficiary identification and targeted subsidies, modern payment delivery systems, consolidated federal and provincial partnerships for equitable service delivery, expansion of the Waseela-e-Taleem (WeT) program, and refinement of complementary initiatives for helping the poor exit out of poverty. In 2016, the Technical Advisory Committee for Social Protection led by the Federal Planning Commission approved a new Social Protection Policy Framework, which outlines the institutional arrangements and fundamental elements of the national system to provide targeted support to the poor. These include a unified targeting system managed by the federal government, technology-based service and payment delivery, and a shift from universal subsidies toward targeted programs.
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Program-for-Results Fiduciary Systems Assessment 113568 MAR 01, 2017
