Lao PDR Public Finance Management Modernization Project (WB-P167534)

Countries
  • Laos
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
Proposed
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.
Borrower
Government of Lao PDR
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)
Loan
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)
$ 20.00 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 Oct 8, 2019

Disclosed by Bank Sep 6, 2018


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Project Description

The project seeks to contribute to the reliability and timeliness of budget execution reports and to enhance public financial management skills. The project will achieve its objectives by the following components:

Component 1: Setting the foundations for a core public financial management system. This component would cover the implementation of a new financial management information system (FMIS), which includes the purchasing, customization, and installation of the application system software.

Component 2: Upgrading public financial management skills. The second component is envisaged to build a sustainable training program to build the necessary public financial management (PFM) capacity in the Ministry of Finance (MoF) and the staff from other government entities working on PFM-related issues

Component 3: Project Implementation and Change Management. Activities under this component will include technical assistance to the Project Implementation Unit (PIU) and support for project management.

Early Warning System Project Analysis

"As this Project is rated Category C, no safeguard related studies are required"

Investment Description
  • World Bank (WB)

International Development Association (IDA) US$ 20.00 million

Contact Information

1/World Bank
Fanny Weiner, Saysanith Vongviengkham
Sr Public Sector Mgmt. Spec.

2/Borrower/Client/Recipient
Government of Lao PDR

3/Implementing Agencies
Ministry of Finance of Lao PDR
Contact: Dr. Bounleua Sinxayvoravong
Title: Director General

Fiscal Policy and Law Department
Email: laospfm@gmail.com

FOR MORE INFORMATION CONTACT

The World Bank

1818 H Street, NW Washington, D.C. 20433

Telephone: (202) 473-1000

Web: http://www.worldbank.org/projects

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.