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
