Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) NI Public Financial Management Modernization Project (P111795) LATIN AMERICA AND CARIBBEAN | Nicaragua | Governance Global Practice | IBRD/IDA | Technical Assistance Loan | FY 2011 | Seq No: 12 | ARCHIVED on 19-Jul-2016 | ISR23987 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:07-Dec-2010 Effectiveness Date:06-May-2011 Planned Mid Term Review Date:01-Sep-2014 Actual Mid-Term Review Date:23-Oct-2014 Original Closing Date:31-Dec-2015 Revised Closing Date:31-Dec-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to enhance the efficiency and transparency of the Recipient’s public expenditure management andstrengthen the Recipient’s statistics management capacity. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Strengthening of institutional capacities of the Ministry of Finance:(Cost $4.57 M) Design, acquisition, and development of a renewed Integrated Financial Management System SIGAF:(Cost $26.54 M) Implementation of SIGAF and PFM capacity building in Central Government agencies:(Cost $3.36 M) Project Management:(Cost $3.18 M) Enhancing Statistics Management Capacity:(Cost $8.90 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Satisfactory  Moderately Satisfactory 7/19/2016 Page 1 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions This Implementation Status and Results Report (ISR) briefly reports progress and issues observed in project implementation in the period between the last ISR from February 2016 and the last supervision mission in May 2016. Generally, the Project has been progressing moderately satisfactorily. Due to serious delays in the Implementation of SIGAF several key project ratings were down-graded to moderately satisfactory, while another project rating has been upgraded as consequence of outstanding procurement practices. The original credit (IDA-48070) has fully disbursed, and the EU-funded co-financing grant (IDA-14059) has closed in August 19, 2015 at a disbursement level of 82.5 percent of its amount. As of May 2016, disbursements of the additional financing operation (IDA-55790) has reached 9 percent of its amount at a current regular disbursement ratio of 5.33 for this fiscal year. The next supervision mission is planned for September 2016, followed by an updated ISR covering the latest developments of this project. 7/19/2016 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Moderate  Moderate Environment and Social  --  Low  Low Stakeholders  --  Moderate  Substantial Other  --  Substantial  Substantial Overall  --  Moderate  Moderate Results Project Development Objective Indicators 7/19/2016 Page 3 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) PHINDPDOTBL  Fiscal and budgetary projections, analyzed under a multi-annual perspective, are linked to budget and expenditure policies (PEFA, ID12). (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value B (PEFA 2013) B+ (PEFA 2015) B+ (PEFA 2015) B+ Date 31-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDPDOTBL  Timely disclosure of key fiscal/budget documents compared to PEFA requirements (PEFA, ID10) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value B (PEFA 2013) B (PEFA 2015) B (PEFA 2015) B (TBC) Date 31-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDPDOTBL  Average processing time for the preparation and issuance of financial statements of the Central Government after the fiscal year. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6.00 4.00 4.00 3.00 Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDPDOTBL  Capacity to carry out statistical data collection is strengthened. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Updated cartography with national Country's cartography is Country's cartography Country's cartography is coverage is Value outdated. is outdated. outdated. used in at least one operation of data collection. Date 08-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 Overall Comments 7/19/2016 Page 4 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) Intermediate Results Indicators PHINDIRITBL  Number of Central Government agencies using the multi-year and results-based budgeting methodologies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 45.00 60.00 60.00 60.00 Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  Central Government financial statements are presented according to an accounting plan consistent with the 2001 IMF Manual for Government Financial Statistics Standards and applicable legal framework (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Central Gov. financial statements are presented according to an Central Government accounting plan financial statements are 75% of progress in the 90% of progress in the consistent with not delivered according to reconciliation of the reconciliation of the Value international an accounting plan accounts of assets and accounts of assets and standards and consistent with liabilities. liabilities. applicable legal internaitonal standards. framework, IMF GFSM 2001 and the applicable legal framework. Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  Time lag to publish monthly budget execution information on the MHCP web site directly from SIGAF centralized database (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Monthly budget execution information is The budget accounting The budget accounting published Monthly budget information module is currently in module is currently in within the first Value is published three months the phase of system the phase configuration, fifteen days of after closing. adequacy (phase 2 of parameterization and next month 9). system adequacy. directly from SIGAF centralized database. Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 7/19/2016 Page 5 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) PHINDIRITBL  % Central Government's payments to vendors, public entities and personnel of Central Government payroll processed electronically according to the Single Treasury Account procedures. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 61.75 61.38 80.00 Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 Comments The actual (current) value for this indicator covers the period from January 1 to April 31, 2016 (4 months), while the previous value covered the period for January 1 to September, 2015 (9 months). In this sense, the current value does not mean a reduction. PHINDIRITBL  % of staff trained using the on-line training platform designed for the first training course on IPSAS (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 08-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  Adaptation, configuration and development of the new IFMS SIGAF. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target The payroll and Adaptation and consumer goods New IFMS configuration documents subsystems are SIGAF Assessment for software have been completed for adapted, configured adapted, Value development options the asset management, and developed (in configured, prepared. budgeting, and process of adapting the developed and accounting and treasury configuration in the operational. subsystems. payroll subsystem). 7/19/2016 Page 6 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  Contingency site and System security meet international standards (ISO 27001 (2005), section A.14.1.3 and section A.10.6) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Currently there is no Contingency contingency site to ensure The plans for site business continuity at Contingency Operations Value NA implemented MHCP and IT security and Network Security (main system obsolete according to have been completed. replicated). itnernational standards. Date 08-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  % of users of Central Government and staff of the relevant MHCP units that have completed satisfactorily the training to operate and maintain the system (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 23.00 23.00 95.00 Date 09-Dec-2010 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  Number of executing units of the 22 Central Government institutions where the SIGAF has been implemented (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 24.00 Date 08-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 7/19/2016 Page 7 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) PHINDIRITBL  Percentage of the country's municipalities with updated and redesigned cartographic framework for statistical operations (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 35.00 100.00 Date 08-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 PHINDIRITBL  System for electronic data collection and processing developed and tested (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target System tested in a pilot Currently there is no Currently there is no exercise where system for electronic system for electronic Value NA data collection collection of statistical collection of statistical is done using information. information. MCD technology. Date 08-Dec-2014 20-Oct-2015 12-May-2016 31-Dec-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P111795 IDA-48070 Effective USD 10.00 10.00 0.00 10.01 0.00 100% P111795 IDA-55790 Effective USD 25.00 25.00 0.00 3.38 21.62 14% P111795 TF-14059 Closed USD 3.35 3.35 0.01 3.35 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P111795 IDA-48070 Effective 07-Dec-2010 09-Dec-2010 06-May-2011 31-Dec-2015 31-Dec-2017 P111795 IDA-55790 Effective 08-Dec-2014 15-Dec-2014 25-Feb-2015 31-Dec-2017 31-Dec-2017 P111795 TF-14059 Closed 27-Feb-2013 14-Mar-2013 14-Mar-2013 19-Apr-2015 19-Aug-2015 7/19/2016 Page 8 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NI Public Financial Management Modernization Project (P111795) Cumulative Disbursements Restructuring History Level 2 Approved on 01-Aug-2013 Related Project(s) P150743-Additional Financing for the NI PFM Modernization Project 7/19/2016 Page 9 of 9 Public Disclosure Copy