Public Expenditure and Investment Management Reform Project (WB-P161730)

Countries
  • Central African Republic
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
B
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
Jun 19, 2017
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
Central African Republic
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.00 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)
$ 10.00 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 13, 2017

Disclosed by Bank Mar 31, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The development objective of the Public Expenditure and Investment Management Reform Project for Central African Republic is to improve management and transparency of public expenditures and public investments. The project comprises of three components. The first component, management and transparency of public expenditures aims to consolidate core functions across the expenditure chain, from budgeting to oversight. It consists of following sub-components: (i) strengthened budget preparation, management, and execution; (ii) strengthened procurement management; (iii) financial management information system; and (iv) strengthened treasury management, accounting, and external oversight. The second component, management and transparency of public investments will complement on-going activities funded by the World Bank and on-going and new activities from other development partners. It consists of following sub-components: (i) establishing and operationalizing a National Recovery and Peace Building Plan (RCPCA) Secretariat; and (ii) strengthened management of public investments. The third component, project management aims to support the project management functions of the government, particularly the Ministry of Finance and Budget (MFB), in implementing the project.
Investment Description
  • World Bank (WB)
Contact Information
Ministry of Finance and Budget Henri-Marie Dondra Minister of Finance and Budget dondrahm@yahoo.fr 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.