The World Bank Implementation Status & Results Report Capacity Building in Public Financial Management 2 (P155148) Capacity Building in Public Financial Management 2 (P155148) EUROPE AND CENTRAL ASIA | Kyrgyz Republic | Governance Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2018 | Seq No: 2 | ARCHIVED on 13-Sep-2018 | ISR33666 | Implementing Agencies: Ministry of Finance, Project Implementation Unit, Ministry of Finance Key Dates Key Project Dates Bank Approval Date: 14-Dec-2017 Effectiveness Date: 11-Jul-2018 Planned Mid Term Review Date: 29-Nov-2019 Actual Mid-Term Review Date: -- Original Closing Date: 31-Aug-2020 Revised Closing Date: 31-Aug-2020 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to improve budget predictability, control and transparency in the Kyrgyz Republic. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Strengthening budget planning and execution:(Cost $0.82 M) Building capacity of the Ministry of Finance in the public finance management:(Cost $1.07 M) Intergovernmental Fiscal Relations and Sub-National PFM:(Cost $0.63 M) Project Management:(Cost $0.39 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating High High Implementation Status and Key Decisions Implementation has started. To-date, the Client made some progress in project implementation: Project Implementation Support Group is hired and functioning; project Coordinator (Deputy Minister of Finance) is appointed; procurement plan is updated; and Steering Committee meeting is scheduled for late September. 9/13/2018 Page 1 of 6 The World Bank Implementation Status & Results Report Capacity Building in Public Financial Management 2 (P155148) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Substantial Substantial Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability Substantial High High Fiduciary High High High Environment and Social Moderate Low Low Stakeholders Substantial Substantial Substantial Other -- Low Low Overall Substantial High High Results PDO Indicators by Objectives / Outcomes to improve budget predictability, control and transparency in the Kyrgyz Republic IN00633697 ►Decreased variance in functional composition of expenditure out-turn (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 2017 will be used as Reduction by at least 7 2017 will be used as the the baseline (to be (seven) percentage Value baseline (to be estimated -- estimated by October, points compared to by October, 2018) 2018) baseline Date 28-Sep-2018 -- 28-Sep-2018 30-Jul-2021 IN00627831 ►Diminished stock of expenditure payment arrears as a share of central budget expenditures (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 2017 will be used as 2017 will be used as the the baseline (to be Value baseline (to be estimated -- Not more than 3% estimated by October, by October, 2018) 2018) Date 31-Dec-2017 -- 28-Sep-2018 01-Jul-2020 IN00627832 ►Improved budget transparency   Open Budget Index value (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 9/13/2018 Page 2 of 6 The World Bank Implementation Status & Results Report Capacity Building in Public Financial Management 2 (P155148) Improvement over 2019/2020 index Value 54 out of 100 (2015) -- 54 out of 100 value, if updated value (for 2020/2021) is available Date 31-Dec-2015 -- 28-Sep-2018 01-Jul-2020 IN00627840 ►Increase in Total Net Change in Public Expenditure and Financial Accountability (PEFA) Ratings (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target PEFA 2015 vs. PEFA PEFA 2015 vs. PEFA PEFA 2019 vs. PEFA Value 2009 -- 2009 2015 Total Net Change=+2 Total Net Change=+2 Total Net Change=+8 Date 01-Jul-2015 -- 28-Sep-2018 01-Jul-2020 Intermediate Results Indicators by Components Intergovernmental Fiscal Relations and Sub-National PFM IN00627838 ►System of intergovernmental fiscal relations improved (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Improved system of No vision to improve No vision to improve intergovernmental Value intergovernmental -- intergovernmental fiscal relations is fully transfer system. transfer system. operational Date 30-Nov-2017 -- 28-Sep-2018 31-Aug-2020 IN00627839 ►Equalization power of the intergovernmental fiscal transfers formula improved (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 2017 will be used as 2017 will be used as the Reduced by 15% the baseline (to be Value baseline (to be estimated -- compred tot he estimated by October, by October, 2018) baseline value 2018) Date 31-Dec-2017 -- 28-Sep-2018 31-Aug-2020 Project Management IN00633698 ►Timely submission of project reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target all required reports no reports submitted submitted within Value no reports -- yet appropriate time intervals Date 28-Sep-2018 -- 28-Sep-2018 30-Jul-2021 9/13/2018 Page 3 of 6 The World Bank Implementation Status & Results Report Capacity Building in Public Financial Management 2 (P155148) Strengthening budget planning and execution IN00627833 ►Improved revenue forecasting (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target The forecasting is The forecasting is done done based on based on revenue revenue forecasting Updated methodology forecasting methodology Value -- methodology adopted is used to forecast adopted in 2015. There in 2015. There is no revenues is no information system information system on on revenue forecasting revenue forecasting Date 01-Jun-2016 -- 03-Sep-2018 31-Aug-2020 IN00627834 ►Increased public participation in budget process   OBI participation score (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 57 out of 100 Value 52 out of 100 (2015) -- 52 out of 100 (2015) (2019/2020) Date 31-Dec-2015 -- 28-Sep-2018 31-Aug-2020 IN00627836 ►Training in PFM area in support of PFM Strategy delivered (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target MoF Training center is MoF Training center is actively involved into actively involved into Training of at least 800 Value -- training of relevant training of relevant PFM staff officials in PFM area officials in PFM area Date 01-Jul-2015 -- 03-Sep-2018 01-Jul-2020 Building capacity of the Ministry of Finance in the public finance management IN00627835 ►Enhanced e-GP coverage (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target e-GP only covers e-GP only covers goods e-GP also covers Value -- goods and works and works procurement consultancy selection procurement Date 30-Nov-2017 -- 03-Sep-2018 31-Aug-2020 IN00627837 ►Increased capacity in internal audit   number of certified auditors (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 70.00 Date 30-Nov-2017 -- 03-Sep-2018 31-Aug-2020 9/13/2018 Page 4 of 6 The World Bank Implementation Status & Results Report Capacity Building in Public Financial Management 2 (P155148) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P155148 TF-A3998 Effective USD 3.01 3.01 0.00 0.00 3.01 0%% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155148 TF-A3998 Effective 15-Dec-2017 24-Jan-2018 11-Jul-2018 31-Aug-2020 31-Aug-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 9/13/2018 Page 5 of 6 The World Bank Implementation Status & Results Report Capacity Building in Public Financial Management 2 (P155148) 9/13/2018 Page 6 of 6