Project for Strengthening Public Financial Management (WB-P161969)

Countries
  • Micronesia
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
May 30, 2018
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
Government of Micronesia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
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)
$ 11.00 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)
$ 11.50 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 Jun 19, 2018

Disclosed by Bank Sep 29, 2017


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

Project Description

The objective of the Strengthening Public Financial Management Project for Micronesia is to improve tax administration and the completeness, reliability and timeliness of financial reports of the National and State Governments. The project may fund local area network (LAN) cabling between government buildings in urban centres in each of the four States. The project may also fund small building renovations for the installation of the data center in each State.

Investment Description
  • World Bank (WB)

Cofinancing: Borrower US$ 0.5 million

Contact Information
World Bank
Saeeda Sabah Rashid
Sr Public Sector Spec.
Robert J. Gilfoyle
Sr Financial Management Specialist
 
Borrower/Client/Recipient
The Federated States of Micronesia
Sihna Lawrence
Secretary
 
Implementing Agencies
Department of Finance and Administration
Senny Philip
Assistant Secretary
senny.phillip@ymail.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.