Public Financial Mgmt Enhancement Project (WB-P152932)

Countries
  • Zimbabwe
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 24, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of Zimbabwe
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 20.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 14, 2017

Disclosed by Bank Oct 7, 2015


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This project finances improvements in the control, transparency and accountability, and oversight in the use of public resources in the Zimbabwe's territory. This project includes five components: i) Financial Management and Accounting, which aims to improve financial reporting, strengthen fiscal controls, and enhance financial transparency; ii) Enhance Effectiveness of Internal Controls and Internal Audit, which aims to strengthen internal oversight and controls by enhancing effectiveness of internal audit; iii)Enhance Accountability through Strengthening of External Audit, which aims to strengthen the Office of the Auditor General to deliver high quality audit products; iv) Strengthening the Demand Side of Transparency and Accountability, which aims to enhance the parliament’s role in Public Financial Management; and v) Management, which aims to provide the administrative and operational structure for the seamless management and coordination of implementation of project activities.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
This project is funded by a grant from the World Bank's Zimbabwe Reconstruction Fund.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
World Bank Contact: Daniel Yaw Domelevo Title: Senior Financial Specialist Tel: 5394+3210 / Email: ddomelevo@worldbank.org Borrower/Client/Recipient Name: Republic of Zimbabwe Contact: Edwin Zvandasara Title: Accountant General Tel: 263-4-706870 Email: ezvandasara@yahoo.co.uk Implementing Agencies Name: Ministry of Finance and Econ Devt Contact: Mr. Willard L. Manungo Title: Permanent Secretary Tel: 26304250967 Email: wlmanungo@yahoo.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

How it works

How it works