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

Countries
  • Laos
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
Proposed
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."
Borrower
Government of Lao PDR
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 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.
Project Cost (USD)
$ 20.00 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 Oct 8, 2019

Disclosed by Bank Sep 6, 2018

Contribute Information
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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 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
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

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

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

International Development Association (IDA) US$ 20.00 million


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.

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.

How it works

How it works