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According to the Bank’s website, the objective of this project is to improve domestic revenue mobilization, public expenditure and debt management in Guinea.
The operation supports Guinea's fiscal reform agenda by improving public resource management to create fiscal space for sustainable development spending, with particular emphasis on better capturing revenues from the mining sector whilst expanding the non-mining tax base.
Component 1 (Domestic Revenue Mobilization) reduces forgone tax revenue through improved tax policy frameworks, modernization of tax, customs, and non-tax revenue administration, and strengthened natural resource revenue governance.
Component 2 (Public Financial Management) strengthens budget credibility, treasury operations, public investment management including mandatory climate risk screening, procurement through e-procurement scale-up, and supreme audit institution capacity.
Component 3 (Debt Management) builds Guinea's capacity to manage public debt sustainably through improved debt recording and reporting, medium-term debt strategy, and strengthened governance of the Directorate General of Financing.
Component 4 (Institutional Reform, Change Management, and Project Management) supports the functional integration of the merged Ministry of Economy, Finance, and Budget, and finances project implementation and monitoring arrangements.
The program’s overall Environmental and Social (E&S) risk classification is Moderate, with environmental risk assessed as Moderate, social risk as Low, and SEA/SH risk as Moderate. Key environmental risks relate to the generation, handling, and disposal of electronic waste (ewaste) associated with the deployment of ICT systems and platforms; these risks are expected to be site-specific, predictable, and readily managed through good international industry practice (GIIP), including an ewaste management plan and protocols for equipment transport, installation, and decommissioning. Social risks center on distributional impacts of tax and public investment management reforms and potential exclusion of vulnerable groups with limited digital literacy or connectivity (e.g., rural populations and womenled enterprises), alongside risks to data privacy/confidentiality within taxpayer information systems, limited labor related risks for project staff and consultants, and SEA/SH concerns linked to power asymmetries during service delivery and compliance interactions. No civil works are financed under the project.
Total Project Cost: US$ 75.00 million
Loan Commitment (IDA Credit): US$ 75.00 million
CONTACT POINT - World Bank
Task Team Leader: Diop Saidou
Title: Lead Governance Specialist
Email: dsaidou@worldbank.org
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ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint