Punjab Public Resource Management Program (WB-P171417)

Countries
  • Pakistan
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."
Voting Date
Aug 11, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Economic Affiars Division
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 180.00 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)
$ 704.00 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 May 18, 2020

Disclosed by Bank Feb 5, 2020

Contribute Information
Can you contribute information about this project?
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.

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

Co-financing:

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

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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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.

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How it works