Public Financial Management Improvement Project (WB-P162850)

Countries
  • Palestine, West Bank, Gaza
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
Approved
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
Jun 1, 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
Ministry of Finance and Planning
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 3.50 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 Feb 14, 2019

Disclosed by Bank Mar 21, 2017


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Project Description

The objective of the project is to enhance the expenditure controls, financial accountability and procurement management of the Palestinian Authority. There are four components to the project;

  1. Improving budget expenditure management and control. This component will address core weaknesses with the current expenditure management and control mechanisms through four subcomponents:
    1. improving budget expenditure management, financial control and cash planning,
    2. establishing medical e-referrals system linkages with commitment control system,
    3. enhancing MoFP management of intergovernmental fiscal transfers, and
    4. enhancing the wage bill establishment control.
  2. Improving financial accountability of the PFM system. This component will address the core weaknesses with the current financial accountability of the Palestinian system through four subcomponents:
    1. aligning accounting/reporting with international standards,
    2. improving the bank reconciliation process,
    3. reducing the backlog of financial statements of the PA, and
    4. enhancing SAACB’s capacity to audit bank’s projects on a pilot basis.
  3. The third component is the modernizing public procurement. This component will support the implementation of key aspects of the 2014 Public Procurement Law (PPL) by the High Council of Public Procurement Policies (HCPPP), in coordination with the two central procuring entities; namely Ministry of Public Works and Housing, Central Tendering Department (MoPWH-CTD) and Ministry of Finance and Planning, General Supplies Department (MoFP-GSD), and other procuring entities at the central and local levels. This component has three subcomponents as follows:
    1. institutional strengthening of HCPPP,
    2. development of modern procurement tools, and
    3. capacity building of the procurement workforce and other stakeholders
  4. Project Implementation Support and Management Costs
Investment Description
  • World Bank (WB)

The Project is an Investment Project Financing (IPF) and will be financed by a Special Financing Grant in the amount of US$3 million from the Trust Fund for Gaza and West Bank (TFGWB). The Project is expected to be complemented by co-financing from the Multi-Donor Trust Fund (MDTF) in the amount of US$0.5 million. The MDTF was established with confirmed contributions from the EU and Denmark.

Contact Information

Borrower:
Ministry of Finance and Planning


Implementing Agency:
Ministry of Finance and Planning
Laila Sbaih
Director General of International Cooperation
lsbaih@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.