Public Financial Mgmt Enhancement Project (WB-P152932)

Countries
  • Zimbabwe
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
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 24, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Zimbabwe
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 20.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation 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
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
  • World Bank (WB)
This project is funded by a grant from the World Bank's Zimbabwe Reconstruction Fund.
Contact Information
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.