Public Financial Management Improvement Project (WB-P162850)

Countries
  • Palestine, West Bank, Gaza
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
Approved
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
Jun 1, 2018
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
Ministry of Finance and Planning
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 3.50 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 14, 2019

Disclosed by Bank Mar 21, 2017

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Contact the EWS Team

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.

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
Here you can find a list of individual development financial institutions that finance the project.

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
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.

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.

How it works

How it works