The World Bank Implementation Status & Results Report Strengthening Country Systems for better Investment Results -Caribbean (P149007) Strengthening Country Systems for better Investment Results -Caribbean (P149007) LATIN AMERICA AND CARIBBEAN | Caribbean | Governance Global Practice | Institutional Development Fund| FY 2014 |Seq No: 2 | ARCHIVED on 29-Feb-2016 | ISR22377 | Implementing Agencies: Caribbean Organization of Supreme Audit Institutions (CAROSAI) Key Dates Key Project Dates Bank Approval Date:29-Jan-2014 Effectiveness Date:22-Jul-2014 Planned Mid Term Review Date:30-Apr-2016 Actual Mid-Term Review Date:-- Original Closing Date:22-Jul-2017 Revised Closing Date:22-Jul-2017 Project Development Objectives Project Development Objective (from IDF Proposal) The overall objective of this proposal is to improve ability of the Caribbean countries to more effectively implement capital investment projects and deliver on their development agenda, by enhancing the capacity of their country systems and institutions, with particular focus on external accountability, including legislative oversight, and public procurement. More specifically, this project will equip Caribbean parliaments with the tools to exercise a more effective budgetary review, enhance technical capabilities of Supreme Audit Institutions to audit capital projects, improve government procurement regulatory framework, and create strongcitizen-government feedback loops. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name : Strengthening of the Public Accountability Mechanisms in the implementation of capital projects:(Cost $246000.00 ) Strengthening of Public Procurement Mechanisms in the implementation of capital projects:(Cost $86000.00 ) Project Monitoring and Implementation Support:(Cost $70000.00 ) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate 2/29/2016 Page 1 of 5 The World Bank Implementation Status & Results Report Strengthening Country Systems for better Investment Results -Caribbean (P149007) Implementation Status and Key Decisions This ISR reflects the progress and developments discussed during the latest implementation support mission carried out on December 7, 2015 and subsequent reviews through February 12, 2016: Component 1.1 – Draft manual and programs on Audit of Capital Projects is ready for dissemination and training with the rest of the CAROSAI country SAIs. Component 1.2 – Draft Parliamentary Oversight Guidance document is ready for disseminatiion and training with the rest of the CAROSAI country SAIs and PAC members. Component 2 –Possible activities that can be implemented for this component are being discussed and have yet to be finalized. We anticipate an agreement on the activity will occur by March 31, 2016. 2/29/2016 Page 2 of 5 The World Bank Implementation Status & Results Report Strengthening Country Systems for better Investment Results -Caribbean (P149007) 2/29/2016 Page 3 of 5 The World Bank Implementation Status & Results Report Strengthening Country Systems for better Investment Results -Caribbean (P149007) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Low Low Sector Strategies and Policies -- Low Low Technical Design of Project or Program -- Low Low Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Low Low Environment and Social -- Low Low Stakeholders -- Substantial Substantial Other -- -- -- Overall -- Moderate Moderate Results Indicators PHINDPDOTBL and distribution of Caribbean Parliamentary Oversight reference guide including training of PAC Development members(Number,Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 22-Jul-2014 17-Apr-2015 02-Jan-2016 31-Oct-2016 PHINDPDOTBL Development of harmonized audit manual/program focused on capital projects and training of auditors(Number,Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 22-Jul-2014 17-Apr-2015 02-Jan-2016 31-Oct-2016 Data on Financial Performance 2/29/2016 Page 4 of 5 The World Bank Implementation Status & Results Report Strengthening Country Systems for better Investment Results -Caribbean (P149007) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P149007 TF-16564 Effective USD 0.40 0.40 0.00 0.13 0.27 32% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P149007 TF-16564 Effective 22-Jul-2014 22-Jul-2014 22-Jul-2014 22-Jul-2017 22-Jul-2017 Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 2/29/2016 Page 5 of 5