Uttarakhand Public Financial Management Strengthening Project (WB-P166923)

  • India
Where the impacts of the investment may be experienced.
Specific Location
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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
Bank Risk Rating
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
Nov 27, 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.
Government of India
The holder of the loan, grant, or other investment.
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 31.57 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)
$ 39.45 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 Jan 17, 2019

Disclosed by Bank May 16, 2018

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Project Description

According to the bank document, the project objective is "to enhance accountability in public finances and increase effectiveness of revenue management systems in Uttarakhand."
Project key results include:

  • Complete and timely State financial reports made available in public domain
  • Improved coverage of internal audit for high risk auditees
  • Enhanced transparency of key budget and procurement information
  • Improved timeliness of Urban Local Bodies’ Annual Financial Statement
  • Increased property tax collections of participating Urban Local Bodies over baseline
Investment Description
  • World Bank (WB)

Borrower US$ 7.88 million

Contact Information

World Bank

Name : Krishnamurthy Sankaranarayanan
Designation : Sr Financial Management Specialist
Role : Team Leader(ADM Responsible)
Telephone No : 5785+79137
Email : skrishnamurthy@worldbank.org

Name : Puneet Kapoor
Designation : Sr Financial Management Specialist
Role : Team Leader
Telephone No : 5785+79233
Email : pkapoor@worldbank.org


Borrower : Republic of India - Department of Economic Affairs
Contact : Bandana Preyashi
Title : Director MI
Telephone No : 1123092345
Email : bandana.preyashi@gov.in

Implementing Agencies

Implementing Agency : Finance Department Government of Uttarakhand
Contact : Amit Negi
Title : Secretary Finance
Telephone No : 911352711439
Email : amitnegi.gov@gmail.com


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