Punjab Public Resource Management Program (WB-P171417)

Countries
  • Pakistan
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.
Voting Date
Aug 11, 2020
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
Economic Affiars Division
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • 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)
$ 180.00 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)
$ 704.00 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 May 18, 2020

Disclosed by Bank Feb 5, 2020


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Project Description

According to project documents, "the proposed program supports the Government of Punjab in transforming its Public Financial Management system by facilitating a simpler and productive business process and adoption of IT systems and tools for transparent and efficient service delivery.
Once achieved, these two outcomes will in turn, contribute to a transformational, long-term impact towards improved public resource management and increased own source revenue.

The proposed Program will utilize Program for Results (PforR) instrument with an Investment Project Financing (IPF) component.
The program supports implementation of the Government’s PFM reforms strategy, which has strong ownership of the Government of Punjab, as also reflected in its recent PFM reforms (e.g., introduction of output-based budget in pilot mode, citizens budget, simplification of pension rules, and revenue reforms) and extensive engagement with the World Bank and other development partners in related areas over past several years."

Investment Description
  • World Bank (WB)

Co-financing:

Government program cost US$ 400 million
Government contribution US$ 124 million

Contact Information

World Bank
Name: Akmal Minallah
Designation:Sr Financial Management Specialist
Role:Team Leader (ADM Responsible)
Telephone No : 5722+151 / 9
Email : aminallah@worldbank.org

Name: K. Migara O. De Silva
Designation: Senior Economist
Role:Team Leader
Telephone No : 473-2303
Email : kdesilva@worldbank.org

Name:Muhammad Waheed
Designation: Senior Economist
Role: Team Leader
Telephone No : 5722+208
Email : mwaheed@worldbank.org

Borrower/Client/Recipient
Borrower : Economic Affiars Division
Contact : Shahnaz Maqbool
Title : Joint Secretary
Telephone No : 923006809100
Email : JSWB@ead.gov.pk

Implementing Agencies
Implementing Agency : Finance Department
Contact : Ubaid Rana
Title : Additional Secretary
Telephone No : 923006809100
Email : drranaobaid32@yahoo.com

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