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: 6 | ARCHIVED on 10-Feb-2020 | ISR38238 | Implementing Agencies: Republic of Iraq, Federal Ministry of Finance, Federal Ministry of Planning, KRG Ministry of Planning Key Dates Key Project Dates Bank Approval Date: 20-Dec-2016 Effectiveness Date: 28-Dec-2016 Planned Mid Term Review Date: 23-Feb-2020 Actual Mid-Term Review Date: Original Closing Date: 30-Nov-2021 Revised Closing Date: 30-Nov-2021 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 $32.30 M) Public Investment Management and Public Procurement at Federal Level:(Cost $4.50 M) Public Investment Management and Public Procurement at KRG Level:(Cost $4.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Next PFM support mission should take place in Baghdad and Erbil as soon as possible. sub-component 1.1 (IFMIS) remain as a key priority. 2/10/2020 Page 1 of 5 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 Moderate Substantial Institutional Capacity for Implementation and Substantial Moderate Substantial Sustainability Fiduciary High Moderate Moderate Environment and Social Low Low Low Stakeholders Substantial Moderate Moderate Other -- -- -- Overall High Substantial Substantial Results PDO Indicators by Objectives / Outcomes Share of Federal Government bank account balances consolidated under the new TSA. IN00734408 ►Share of Federal Government bank account balances consolidated under the new TSA. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 16-Jan-2017 28-Jun-2019 28-Jun-2019 31-Dec-2021 IFMIS end users proficient in IFMIS operations in pilot federal ministries and governorates IN00734409 ►IFMIS end users proficient in IFMIS operations in pilot federal ministries anf governorates (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 500.00 Date 16-Jan-2017 28-Jun-2019 28-Jun-2019 31-Dec-2021 Citizen's budget posted on MoF website IN00734390 2/10/2020 Page 2 of 5 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) ►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 28-Jun-2019 28-Jun-2019 30-Dec-2021 The Federal Ministry has prepared the country's first citizen's budget document for 2018 to strengthen its commitment toward furthering budget transparency, helping to raise public awareness about the federal the federal budget process. This document is a simplified version of the Iraqi Federal Budget Law. It aims to explain how the budget is prepared, illustrating the spending priorities and economic and social Comments: programs that the government will implement to improve the well-being of its citizens. The document presents information about government revenues and expenditures planned for all sectors (including health, education, social welfare, security, defense, and so on) for the current and previous year. Share of public investment projects in pilot ministries at the federal level subject to appraisal IN00734406 ►Share of public investment projects in pilot ministries at the federal level subject to appraisal (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 10.00 20.00 Date 16-Jan-2017 28-Jun-2019 28-Jun-2019 31-Dec-2021 Share of tenders and awards publicly available through the federal procurement e-portal IN00734407 ►Share of tenders and awards publicly available through the federal procurement single e-portal (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 16-Jan-2017 28-Jun-2019 28-Jun-2019 31-Dec-2021 Intermediate Results Indicators by Components Public Financial Management IN00734410 ►Citizens budget feedback mechanism operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 02-Jan-2017 17-Dec-2018 17-Dec-2018 31-Dec-2020 2/10/2020 Page 3 of 5 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) 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 3.35 38.15 8.1% 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-2021 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) 2/10/2020 Page 4 of 5 The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) There are no related projects. 2/10/2020 Page 5 of 5