Domestic Revenue Mobilization and Public Financial Management Capacity Strengthening Project (WB-P166206)

Countries
  • Somalia
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
U
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
Sep 25, 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 Somalia
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 20.00 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)
$ 30.00 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 Feb 14, 2019

Disclosed by Bank Jul 30, 2018


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Project Description

The objective of the project is to establish and strengthen institutional capacity for the management of public funds in Central Finance Agencies and targeted sectors. The project has 4 components:

  1. Strengthening Tax Policy and Inland Revenue Administration Systems
  2. Strengthening Systems for the Public Funds Management Transparency and Accountability
  3. Rapid Response Facility
  4. Public financial management reform oversight, coordination and management

The proposed AF and restructuring entail the following changes:

a. Modification of the objective to reflect the expanded scope of the project and new emphasis on DRM;

b. Introduction of a new US$12.3 million component to scale up project activities aimed at strengthening tax policy and inland revenue administration, which is potentially a ‘game changer’ as inland revenue, which has great revenue generation potential, has little support if at all;

c. Consolidation of the PFM related activities into one component of US$12.7 million;

d. An additional allocation of US$3.0 million to extend project management and coordination support in accordance with the new AF activities and extended timeline;

e. Redesigning the Just-in-Time (JIT) Bank Executed support (Component 6) into Rapid Response Facility (RRF) US$2.0 million;

f. Adjustments to the Results Framework and Monitoring to reflect the changes in the project’s design; and

g. Extension of the project closing date from June 2020 to June 2022 to allow for successful implementation of the project’s original and new activities.

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Sher Shah Khan
Senior Public Sector Specialist

Frederick Yankey
Sr Financial Management Specialist

Borrower:
Federal Republic of Somalia
H.E. Abdirahman Duale Beileh
Minister of Finance, Federal Government
abdirahmanbeileh010114@gmail.com

Implementing Agencies:
Ministry of Finance, Puntland
H.E. Abdullahi Said Arshe
Minister of Finance, Puntland
arshe@mof.plstate.so

Ministry of Finance of Somaliland Hargeisa
H.E. Yousuf Mohamed Abdi
Minister of Finance Development, Somaliland
m.mdof@somalilandgov.com

Ministry of Finance Federal Government
H.E. Abdirahman Duale Beileh
Minister of Finance
abdirahmanbeileh010114@gmail.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.