The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Public Financial Management Strengthening Technical Assistance Project (P122476) AFRICA | Senegal | Governance Global Practice | IBRD/IDA | Investment Project Financing | FY 2011 | Seq No: 14 | ARCHIVED on 14-Mar-2019 | ISR36239 | Implementing Agencies: Ministry of Economy and Finances, Cellule de Coordination des Reformes Financieres et Budgetaires Key Dates Key Project Dates Bank Approval Date: 26-Apr-2011 Effectiveness Date: 22-Sep-2011 Planned Mid Term Review Date: 30-Jun-2015 Actual Mid-Term Review Date: 18-Dec-2015 Original Closing Date: 30-Jun-2015 Revised Closing Date: 31-Dec-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to enhance the credibility, transparency, and accountability in the management and use of central governmentfinances.The project aims to support the modernization of the Public Financial Management system in Senegal. It includes fourcomponents:(1) Strengthening Fiscal Policies and Planning; (2) Improving Budget Execution Processes; (3) Strengthening the capacityofexternal audit and legislative oversight; and (4) Project Management. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The PDO is to enhance budget credibility, transparency and accountability mechanisms in the use and management of centralGovernment financial resources. The project aims to support the modernization of the Public Financial Management system and theimplementation of a Public Sector performance based system in Senegal. It includes five components: (1) Strengthening FiscalPolicies and Planning; (2) Improving Budget Execution and Reporting Processes; (3) Strengthening the Capacity of External Audit andLegislative Oversight; (4) Project Management; and (5) Supporting the Implementation of a Public Sector Performance- BasedManagement and Results Monitoring System. Components Table Name Component 1: Strengthening Fiscal Policies and Planning:(Cost $3.50 M) Component 2: Improving Budget Execution and Reporting Processes:(Cost $32.00 M) Component 3: Strengthening the Capacity of External Audit and Legislative Oversight:(Cost $2.50 M) Component 4: Project Management:(Cost $2.00 M) Component 5: Supporting the Implementation of a Public Sector Performance-Based Management and Results Monitoring System.:(Cost $5.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory 3/14/2019 Page 1 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Current project achievements include the appropriation of the appraisal of investment projects based on the Costs-Benefits Analysis Methodology, and its effective application. The projects evaluated and attached to the Finances Law have gone from 5 in 2015 to 28 in 2018. The credibility of the Three-year Public Investment Program (PTIP) has improved with the systematic appraisal of all major projects. The budget management system provides real-time information on expenditure arrears. The unified debt management is completed with the effective transfer of the power to authorize debt service payments to the National Debt Department and the use of the new Debt Management System fully aligned with international standards. The adoption of a risk-based audit approach along with a comprehensive risk management processes to develop audit plans in 13-line ministries have been completed. The Coordination and Monitoring Office under General Inspectorate of State assures a systematic follow-up of the recommendations resulting from the audit missions and has also stepped up the requirement of the level of application of the guidelines. As part of efforts aimed at strengthening the oversight of SOEs, agencies and assimilated bodies, 34 performance contracts have been signed since the launch of the project, and 27 contracts are in the pipeline. The objective of establishing a culture of performance has largely been attained and the next step is now to improve the quality of the documents and ensure an adequacy between the outcome objectives and the requested budget for more development impact. 3/14/2019 Page 2 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Substantial Substantial Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Moderate Moderate Environment and Social -- Low Low Stakeholders -- Substantial Substantial 3/14/2019 Page 3 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Other -- -- -- Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Budget credibility IN00677655 ►DPI-3: Debt Management Strategy (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value D+ -- A A Date 26-Aug-2009 29-Jun-2018 31-Dec-2018 30-Jun-2019 Comments: Debt Management Performance Assessment (DeMPA) Indicator. IN00677693 ►PI-4 Stock and Monitoring of Expenditure Payment Arrears (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value B -- A A Date 01-Sep-2014 29-Jun-2018 31-Dec-2018 30-Jun-2019 IN00677695 ►Persons trained in PFM across Ministries and Departments (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3,325.00 3,325.00 2,000.00 Date 01-Sep-2011 29-Jun-2018 31-Dec-2018 30-Jun-2019 IN00677696 Number of women trained in PFM across Ministries and Departments (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 80.00 698.00 698.00 400.00 Date 30-Sep-2011 29-Jun-2018 31-Dec-2018 30-Jun-2019 Transparency in the management and use of central Government finances IN00677691 ►Production of monitoring indicator reports on key PSE priority results of Energy, Agriculture, Infrastructures, Basic Education and Health on a bi-yearly basis (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5.00 10.00 10.00 3/14/2019 Page 4 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Date 01-Sep-2014 20-Aug-2018 31-Dec-2018 30-Jun-2019 Accountability mechanisms in the management and use of central Government finances IN00677692 ►PEFA Indicator PI-21 = Effectiveness of Internal Audit (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value C+ -- B B+ Date 15-Nov-2007 29-Jun-2018 29-Jun-2018 30-Jun-2019 It covers three dimensions: (i) Coverage and quality of the internal audit function. (ii) Frequency and Comments: distribution of reports. (iii) Extent of management response to internal audit findings. IN00677694 ►PI-26 = Scope, Nature and Follow-up of External Audit (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value D+ -- B+ B+ Date 15-Nov-2007 29-Jun-2018 29-Jun-2018 30-Jun-2019 Dimensions to be assessed include: (i) Scope/nature of audit performed (incl. adherence to auditing Comments: standards). (ii) Timeliness ofsubmission of audit reports to legislature. (iii) Evidence of follow up on audit recommendations. Intermediate Results Indicators by Components Component 4: Project Management IN00677700 ►Legal framework for public financial management revised to reflect WAEMU Directives (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 25-Apr-2011 30-Dec-2016 30-Dec-2016 30-Jun-2019 Comments: Legal framework for public financial management revised to reflect WAEMU Directives Component 3: Strengthening the Capacity of External Audit and Legislative Oversight IN00677699 ►Timeline for the completion of the Annual external audits of Government Budget Review Act after Fiscal Year end (Months, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 36.00 12.00 10.00 10.00 Date 25-Apr-2011 29-Jun-2018 31-Dec-2018 30-Jun-2019 Timeline for the completion of the Annual external audits of Government Budget Review Act after Fiscal Comments: Year end 3/14/2019 Page 5 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Component 2: Improving Budget Execution and Reporting Processes IN00677698 ►A fully integrated budget and treasury management information system that interfaces with the other core systems, GAINDE, SIGTAS, DAIDA, Payroll/Pensions, NINEA, and Banks (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 25-Apr-2011 29-Dec-2017 29-Dec-2017 31-Dec-2019 Comments: Selected budget management information systems enhanced through upgrading & interfacing IN00677702 ►Average processing time for pensions and superannuation payments (Months, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6.00 6.70 6.70 2.00 Date 01-Sep-2014 29-Dec-2017 31-Dec-2018 30-Jun-2019 IN00677706 ►Internal audit reports presented to and followed-up by Internal Audit Committees at MEF and line ministries. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 51.00 51.00 60.00 Date 25-Apr-2011 29-Dec-2017 31-Dec-2018 30-Jun-2019 Comments: Internal audit reports presented to and followed-up by Internal Audit Committees at MDAs Component 1: Strengthening Fiscal Policies and Planning IN00677697 ►Number of Ministries with fully costed sectoral strategies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 21.00 21.00 21.00 Date 25-Apr-2011 30-Jun-2014 30-Jun-2014 31-Dec-2014 Comments: Number of Ministries with fully costed sectoral strategies IN00677704 Total public debt (CFA francs) in Single Unified Debt database (disaggregated domestic and external) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 IN00677705 ►Production and adoption of multi-year programming documents of key sectors (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6.00 35.00 35.00 35.00 3/14/2019 Page 6 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Date 31-Dec-2014 29-Jun-2018 31-Dec-2018 01-Jan-2019 IN00677707 ►Analytical work and other economic studies carried out in support of fiscal policies and management. Cost economic analysis of major investment programs are conducted (=> XOF 10 billion) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8.00 8.00 5.00 Date 25-Apr-2011 29-Jun-2018 31-Dec-2018 30-Jun-2019 Comments: Analytical work and other economic studies carried out in support of fiscal policies and management IN00677708 ►Cost economic analysis of major investment programs (Costs greater than or equal to XOF 10 billion) are conducted (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 69.00 69.00 50.00 Date 25-Apr-2011 16-Jul-2018 31-Dec-2018 30-Jun-2019 Cost economic analysis of major investment programs (Costs greater than or equal to XOF250 millions) Comments: are conducted Component 5: Supporting the Implementation of a Public Sector Performance-Based Management and Results Monitoring System. IN00677701 ►Performance contracts signed for the main agencies and SOEs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5.00 42.00 42.00 25.00 Date 30-Sep-2014 29-Jun-2018 31-Dec-2018 30-Jun-2019 IN00677703 ►Production of annual performance reports for key line ministries (Energy, Agriculture, Infrastructure, Basic Education, and Health) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5.00 5.00 5.00 Date 01-Sep-2014 31-Jul-2017 31-Dec-2018 30-Jun-2019 Overall Comments IR The indicator on the average processing time for pensions and superannuation payments is not yet on track but adequate measures have been taken to addresse some bottlenecks during the remaining period of the project. Data on Financial Performance 3/14/2019 Page 7 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P122476 IDA-49150 Effective USD 15.00 15.00 0.00 12.99 1.12 92% P122476 IDA-55280 Effective USD 30.00 30.00 0.00 19.99 7.44 73% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P122476 IDA-49150 Effective 26-Apr-2011 28-Jun-2011 22-Sep-2011 30-Jun-2015 30-Jun-2019 P122476 IDA-55280 Effective 31-Jul-2014 23-Sep-2014 10-Nov-2014 30-Jun-2019 31-Dec-2019 Cumulative Disbursements Restructuring History Level 2 Approved on 25-Feb-2019 Related Project(s) 3/14/2019 Page 8 of 9 The World Bank Implementation Status & Results Report Public Financial Management Strengthening Technical Assistance Project (P122476) P146859-Public Financial Management Strengthening Technical Assistance Project 3/14/2019 Page 9 of 9