The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) Second Public Financial Management Capacity Strengthening Project (P151492) AFRICA | Somalia | Governance Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 7 | ARCHIVED on 18-Dec-2019 | ISR39427 | Implementing Agencies: Ministry of Finance, Puntland, Ministry of Finance of Somaliland Hargeisa, Federal Republic of Somalia, Ministry of Finance Federal Government Key Dates Key Project Dates Bank Approval Date: 07-Jul-2015 Effectiveness Date: 09-Sep-2015 Planned Mid Term Review Date: 08-May-2017 Actual Mid-Term Review Date: 08-May-2017 Original Closing Date: 30-Jun-2022 Revised Closing Date: 30-Jun-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to establish and strengthen institutional capacity for the management of public funds inCentral Finance Agencies and targeted sectors. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) To strengthen systems of domestic revenue mobilization, expenditure control and accountability in the Federal Government, Puntland State of Somalia, and Somaliland. Components Table Name Component 4: Public financial management reform oversight, coordination and management:(Cost $3.00 M) Component 1: Strengthening Tax Policy and Inland Revenue Administration Systems:(Cost $12.30 M) Component 2: Strengthening Capacity for Public Financial Management Control and Accountability:(Cost $12.70 M) Component 3: Rapid Response Facility:(Cost $2.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating High High Implementation Status and Key Decisions Component 1: Strengthening Tax Policy and Inland Revenue Administration Systems 12/18/2019 Page 1 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) Improving organizational capacity for tax policy: FGS/PSS: Seventeen (17) officials from all Federal Member States (FMSs) have received the World Bank sponsored training, one each, on revenue performance analysis, and revenue forecasting, with 3 officials coming from Puntland State of Somalia (PSS) Tax Policy Unit (TPU). SOMALILAND: 25 staff each, attended the Revenue Performance Analysis Report, and Revenue Forecasting World Bank sponsored trainings. Improving systems for inland revenue administration: Large and Medium Taxpayer Office (LMTO) FGS: LMTO is operational with ninety (90) taxpayers managed by 17 Inland Revenue Officers. PSS: The authorities approved the LTO segmentation criteria. Twenty-seven taxpayers who fit the criteria were identified and interacted with Ministry of Finance officials. Two staff were deployed in the LTO unit. Business process mapping, modernization and automation: FGS/PSS: PSS and the FGS has agreed to procure one supplier to determine needs, design and implement the ‘fit for purpose’ Integrated Tax Administration Automated System (ITAS). SOMALILAND: the government has decided on a Taxpayer Identification Number (TIN) structure, which will be the Somaliland Financial Management Information System (SLFMIS) generated. Additionally, the Phase 2 (2018-2020) Department for International Development (DFID) funded Customs and Inland Revenue reform program progressed and has supported the authorities start a tax audit program. Training and capacity development: FGS: the construction of Revenue Academy supported by the African Development Bank (AfDB) is expected to be completed in the near future. FGS plans to use the Academy for both training of the tax officials, and taxpayer education and facilitation. PSS: the procurement of a consultant to carry out the Inland Revenue training needs assessment (TNA), is ongoing. Taxpayer education and facilitation: FGS: has established Taxpayer Education and Facilitation Unit for both Inland Revenue and Customs. Four staff, other than LMTO are working in the Unit. FGS has already conducted two workshops participated by about 40 taxpayers. PSS: 150 registered taxpayers have received tax payer education in three (3) sessions. The annual taxpayer education and outreach plan was approved and launched by the government. A taxpayer Help Desk has been established. SOMALILAND: The Taxpayer Education Awareness and Communication Unit (the Unit) has assisted Government establish a Taxpayer Charter and a Perception Survey, supported by the DFID project. Staff from five (5) districts have been trained on Customer Care. The Unit staff are deployed to either handle client complaints or improve taxpayer compliance. The Unit has also accomplished the following (i) established a Help Desk, (ii) taxpayer obligation reminder notices have been initiated; (iii) in collaboration with Ministry of Education, a topic to be added to the high school and intermediate level curriculum has been designed. Supporting the Revenue Bill consultations and bridging operationalization upon enactment: The Revenue bill was enacted subsequent to the mission in time for the International Monetary Fund (IMF) Staff Monitored Program (SMP) IV Benchmark. Component 2: Strengthening Capacity for Public Financial Management Control and Accountability FGS: The government has adopted the International Public Sector Accounting Standards (IPSAS) basis of accounting and reporting and that was used for the preparation of the 2018 year ended financial statements. The government plans to organize regular trainings on annual basis for the staff of Ministries Departments and Agencies (MDAs) to ensure these new initiatives are understood and that staff can use and apply them effectively. Progress has also been made in regard to the integration of Central Bank of Somalia (CBS) core system and the Somalia Financial Management Information System (SFMIS). The Government established a task force and as a result the integration has now been completed. Tests are being run and it is expected to be operational soon. PSS: Although progress has been made on several fronts, there are specific actions needed to address challenges and move implementation forward, including hiring the Budget Expert and a legal expert for the department to help the department modernize its PFM laws and prepare work towards the government’s desire to adopt the International Public Sector Accounting Standards (IPSAS) cash basis of reporting. On Financial Management Information System (FMIS), there is need for training to strengthen staff capacity. There is also the need to provide backup arrangements for the FMIS system. The government should work with the developer and key players to identify the appropriate mode, such 12/18/2019 Page 2 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) as the cloud facilities to provide less expensive services for the system. The Bank is committed and will support the government in the process of securing a cost effective FMIS hosting services. SOMALILAND: The Government has made significant progress including; deploying the Somaliland Financial Management Information System (SLFMIS) to most of the MDAs and regional Offices of the Accountant General’s department; completing the required measure to use the budget module for preparing the 2020 budget; Completing the SLFMIS training needs assessment, which is now ready for implementation; the office of the auditor general successfully completed the projects audits for the year ended December 31, 2018; most of the key Technical Assistances (TAs) for various PFM institutions were at post; PFM staff professionalization program contract processes has been completed for the program to take off; and the Quality Assurance (QA) hiring process has been completed and work is expected to start by the first quarter of 2020. The Government has also set up its Treasury Single Account (TSA) and cash management Committee and will shortly be engaging a TA to support the committee. Discussions are underway on the government’s request for support in the adoption of IPSAS basis of accounting. The Procurement: FGS: The Government has issued a directive for all main procurement of MDAs to be centralized and performed by the unit. This has stretched its capacity. Due to the stretched capacity, there is need for the unit to be supported to perform its function adequately. On the procurement website development, which has not been completed, the government has agreed to follow-up to reach a decision on what is required to be done on the website to bring it to full operation. SOMALILAND: The project has agreed to support the National Tender Board (NTB). The Bank’s procurement specialist will organize some basic training for the NTB team. In addition, the project will help finance a TA to conduct a training needs assessment of the NTB. Other Support Requested by the Government of Somaliland: The government requested for support on budget policy work and specifically an economist to support them in areas of macro and fiscal data work, the Bank confirmed that the request had been accepted and work was ongoing for a mission to be fielded to discuss with government. PFM Staff Professionalization program: PSS: The two participating universities, Puntland State University (PSU) and East Africa University (EAU) have confirmed their commitment to the program and will be working to establish the PFM academy program in their universities. Additionally, as part of collaboration with the RCRF project, the program is being rolled out to the other FMSs and PSU will host them. SOMALILAND: The contracting process with the Consortium for the diploma program had been completed as well as that of the collaborating institution, the University of Hargeisa (UoH). Discussions are on-going, to agree on start date. Strengthening the integrity systems: FGS: The Audit office successfully completed the security sector institutions audits as part of its audit program for the year. The audit reports were published, and it generated massive interest from media and stakeholders, which resulted in follow up media engagements between audit office; and same with MOF/office of the Accountant General. This shows good progress and shows interest of public in accountability issues. The project will continue to support these PFM and accountability institutions to further streamline their citizens engagement platforms. The audit office also worked with private audit firm to carry out the audit of the Bank funded projects. Although these reports were late due to the need to go through a competitive selection of the private audit firm. The International Organization of Supreme Audit Institutions (INTOSAI) Development Initiative (IDI) support is still ongoing and helping the office to implement some of their strategic goals. Since the support was not adequate the office expects further support under the project to help complement these activities. PSS: The Bank-financed projects audit are ongoing with the help of the external firm hired by the project. The Supreme Audit Institutions (SAI) Professional TA, which is a key TA support to the office has been approved, and selection to be fast tracked. SOMALILAND: The office of the Auditor General carried out the audit of the Bank funded projects themselves and have been able to submit them on time. There were a few challenges, but they were able to resolve them and ensured that the time table for the audit was not affected. Project Management: The overall oversight, coordination and management arrangements of the project is working well with no major issues. 12/18/2019 Page 3 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial High High Macroeconomic High High High Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability Substantial Substantial Substantial Fiduciary High High High Environment and Social Low Moderate Moderate Stakeholders Substantial Substantial Substantial Other High High High Overall High High High Results PDO Indicators by Objectives / Outcomes Increase in Domestic Revenue Mobilization IN00769869 ►Revenue instruments (both tax and non-tax) with basic processes automated at the FGS. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 The following apply for the purposes of this revenue mobilization indicator: (i) instruments include corporate income tax; personal income tax; excise tax; simple broad-based consumption tax; simple GST or VAT based consumption tax; registration tax; property tax; stamp duty; tax on remittances; telecommunications taxes; road tax (including vehicle licenses and drivers permits); business licenses; Comments: telecom licenses; and off-shore fishing licenses. (ii) the processes to be included in computing the indicator include (a) registration, (b) declaration/filing and assessment, (c) taxpayer payment and accounting, and (d) debt collection. Strengthen Systems of Accountability IN00769870 ►FGS - MDA audits (incl. pro-poor sectors) completed and published. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 12/18/2019 Page 4 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) Value 0.00 8.00 100.00 75.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Comments: The FG S pre par ed one set of fina nci al stat em ent s for the gov ern me nt whi ch wa s aud ited in acc ord anc e wit h ISS AI. No MD A pre par ed sep arat e fina nci al stat em ent 12/18/2019 Page 5 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) s for aud it. IN00769892 ►PSS - MDA Audits (incl. pro-poor sectors) completed and published (Percentage) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 50.00 75.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Out of the 46 audit clients planned for, the office of Auditor General audited 23 clients thus far. Comments: IN00769894 ►SOMALILAND - Audits (incl. pro-poor sectors) completed and published (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 22.00 22.00 75.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Strengthen Systems of Expenditure Controls IN00769891 ►FGS - Appropriated expenditures processed through the system. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 50.00 50.00 60.00 Date 11-Jul-2018 17-May-2019 31-Oct-2019 30-Jun-2022 Bot h FG S and PL are sep arat ely Comments: wor kin g on met hod olo gie s of wor 12/18/2019 Page 6 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) kin g out this me asu rem ent. On ce app rov ed by thei r res pec tive lea der shi p, it will be sha red wit h the ban k. IN00769893 ►PSS - Appropriated expenditures processed through the system (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 40.00 40.00 60.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Comments: Bot h FG S and PL are sep arat ely wor kin g on met 12/18/2019 Page 7 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) hod olo gie s of wor kin g out this me asu rem ent. On ce app rov ed by thei r res pec tive lea der shi p, it will be sha red wit h the ban k. IN00769895 ►SOMALILAND - Appropriated expenditures processed through the system (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 85.00 100.00 60.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 The SLFMIS has been used 100% in terms Budget process through the system, Comments: Intermediate Results Indicators by Components Strengthening Tax Policy and Inland Revenue Administration Systems IN00769896 12/18/2019 Page 8 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) ►FGS revenue administration capacity for tax administration (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 80.00 90.00 200.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 The baseline, previous achievement of 80, and the current result is based on the automation of the taxpayer registration process, only. In addition, the government has initiated the procurement process for Comments: the integrated revenue automation system, which will help automate the other processes IN00769898 ►SL - Revenue mobilization strategy implemented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Procedures manual for Ad hoc approach to Initiated but not Initiated but not tax administration Value revenue mobilization completed completed disseminated and training conducted Date 31-Dec-2014 24-May-2019 31-Oct-2019 30-Jun-2022 Customs duties based on ad valorem Comments: IN00769900 ►FGS improved tax policy capacity (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 The Tax Policy Units are undergoing training to enable them to achieve this indicator. Revenue Performance Analysis training, and Revenue Forecasting training, have been conducted. Each training 17 officials. Comments: Strengthening Capacity for Public Financial Management Control and Accountability IN00769897 ►SOMALILAND - CIPFA Diploma Certified students gender disaggregated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 18.00 21.00 33.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Currently 21 Student are studying the CIFPA Diploma level, and 70 new student are enrolled in the new CIFPA program. Comments: IN00769899 12/18/2019 Page 9 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) ►PSS - CIPFA Diploma Certified students gender disaggregated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 33.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769901 ►FGS - Strengthened audit methods implemented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Implemented: Not due. (I) Improved regularity Partially implemented - As of 2019, the OAG is audit methods applied Not Due - As of 2019, the progressively adopting for Government OAG is progressively Compliance Audit Financial Statement adopting compliance Manual (CAM) & Audits (FGS and SL) Audit Manual (CAM) and Financial Audit Manual Audit procedures & (II) Percentage of Financial Audit Manual (FAM) that were methodology not aligned MDAs with audited Value (FAM) that were developed with with INTOSAI Standards financial statements developed with technical technical assistance of (FGS, PL,SL) using Audit assistance of the the INTOSAI Management Software INTOSAI development Development Institute & adopting improved institute (IDI). These (IDI). These were methodology were developed based developed based on (Puntland) on INTOSAI standards INTOSAI standards. Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Independent oversight and accountability for use of public funds. Comments: IN00769902 ►PSS - Strengthned Audit methods implemented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Implemented - The office of the auditor (i) Improved regularity general uses audit audit methods applied Not due. The procedure manuals that have for Government manuals were created in been developed with Financial Statement 2018 and the project is Audit procedure and help of World Bank for Audits (FGS & SL); (ii) planning to hire a Value methodology not aligned the OAG, which are Percentage of MDAs specialist for the office of with INTOSAI standards based on INTOSAI with audited financial the auditor general to guidelines and in line statements using Audit implement INTOSAI with International Management Software standards Public audit and adopting improved Standards. methodology (PL) Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769903 ►SOMALILAND - Strengthened audit methods implented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Audit procedures and Not yet achieved - Audit Not yet achieved - (i) Improved regularity methodology not aligned procedure and Audit procedure and audit methods applied with INTOSAI standards methodology not aligned methodology not for government with INTOSAI Standards aligned with INTOSAI financial statement Standards. SAI TA audits (FGS AND SL); 12/18/2019 Page 10 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) conducted two and (ii) Percentage of trainings which are the MDAs with audited IPSAS Cash Base and financial statements the IFRs using Audit management software and adopting improved methodology (PL) Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 the IPSAS cash Base will be applied on the year 2020, still the other SAI Capacity Development Specialist Comments: arrived on October 2019 sill didn’t do any trainings IN00769904 ►FGS - Citizen engagement measured by the number of tax payers consulted / educated (gender disaggregated) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 95.00 95.00 1,000.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 No information for gender-disagregation was collected, but the Bank has stipulated the necessity for this Comments: information and is incumbent upon the funding for future tax workshops. IN00769905 ►PSS - Citizen engagement measured by the number of tax payers consulted/educated (gender disaggregated) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 173.00 1,000.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769906 ►SOMALILAND - Citizen engagment measured by the number of tax payers consulted/educated (gender disaggregated) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,000.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769907 ►FGS - Percentage of Payments made directly to vendors (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 22.50 22.50 60.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Comments: It rem ain s the sa me as the last 12/18/2019 Page 11 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) one . F GS is wor kin g on met hod olo gie s of wor kin g out this me asu rem ent. O IN00769908 ►PSS - Percentage of payments made directly to vendors (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 35.00 35.00 60.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Comments: It rem ain s the sa me as the last one . P SS is wor kin g on met hod olo gie s of wor 12/18/2019 Page 12 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) kin g out this me asu rem ent. IN00769909 ►SOMALILAND - Percentage of payments Made directly to Vendors (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 25.00 74.00 60.00 Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769910 ►FGS - Improved coverage and classification of data in in-year budget reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Achieved - allow Achieved - allow comparison to original comparison to original budget - as per the Timely In year budget budget - as per the budget utilization reports include Only approved budget Value budget utilization report report provided - expenditure both at and actuals disclosed provided - Budget reports Budget reports commitment and at classification in line with classification in line payment stage IPSAS requirements with IPSAS requirements Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 Improved reporting for management decision-making and transparency Open Budget Initiative (OBI) Comments: principles IN00769911 ►PSS - Improved Coverage and classification of data in in-year budget reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Achieved - allow Achieved - allow comparison to original comparison to original budget - as per the Timely in-year budget budget - as per the budget utilization reports include Only approved budget Value budget utilization report report provided - expenditure both at and actuals disclosed provided - Budget reports Budget reports commitment and at classification in line with classification in line payment stage IPSAS requirements with IPSAS requirements Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769912 ►SOMALILAND - Improved coverage and classification of data in in-year budget reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Only approved budget In progress In progress - Budget Timely in-year budget and actuals disclosed Department make reports included Budget Calendar. expenditure both at 12/18/2019 Page 13 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) The Budget commitment and at department classify payment stage the Budget of 2018 by Recurrent Expenditure and Capital Expenditure or recurrent and development projects. The Budget Department together with Department of Macroeconomic and statistics Budget outlook paper is on process.The Budget Department is doing Revenue Forecast. Date 11-Jul-2018 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769913 ►FGS - Improved information contained in annual financial reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Not Achieved - An initial Coverage to include draft has been developed revenue; expenditure; and is to be reviewed financial assets; internally after the domestic arrears; and finalization and cash flow statement submission of the FGS Donor funds under the Revenue and annual consolidated All achieved with the control of government Expenditure reports by accounts. Upon the Value exception of the and Register for organizational and review, the Auditor preparation of the moveable fixed assets economic classification General is to be engaged statement of financial included for his review input and assets and liabilities concurrence before (including arrears). adoption. It is planned This should be that the new templates achieved by the end of shall be adopted by the FY 2019. beginning of July 2019. Date 31-Dec-2014 24-May-2019 31-Oct-2019 30-Jun-2022 Comments: Transparency and accountability IN00769914 ►PSS - Improved Information contained in annual financial reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Revenue Expenditure Not Achieved - The Not Achieved - Donor funds under the reports by organizational improvement of the Procurement of control of the and economic information available in consultancy firm to government and classification the financial report help with this indicator register for moveable (IPSAS) needed an is ongoing. fixed assets included update to the charts of accounts which have currently been finalized and under a translation process. Puntland is planning to adopt the charts of accounts in 2019 to be able to 12/18/2019 Page 14 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) produce IPSAS based financial reporting in the 2019 Financial statement of the government. Date 31-Dec-2014 24-May-2019 31-Oct-2019 30-Jun-2022 IN00769915 ►SOMALILAND - Improved information contained in annual financial reports (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target achieved - Annual SL - achieved - Annual Financial Statements Financial Statements submitted in timely submitted in timely manner with coverage manner with coverage Donor funds under the Revenue and including revenue, including revenue, control of the Expenditure reports by expenditures, financial Value expenditures, financial government and organizational and assets, domestic assets, domestic arrears register for moveable economic classification arrears and cash flow and cash flow statement; fixed assets included statement; as well as as well as donor funds donor funds under the under the control of the control of the government government Date 31-Dec-2014 24-May-2019 31-Oct-2019 30-Jun-2022 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P151492 IDA-D3700 Effective USD 20.00 20.00 0.00 1.67 18.03 8% P151492 TF-A0388 Effective USD 16.00 16.00 0.00 16.00 0.00 100% P151492 TF-A0389 Effective USD 4.00 4.00 0.00 2.94 1.06 74% P151492 TF-A8217 Effective USD 6.00 6.00 0.00 0.00 6.00 0%% P151492 TF-A8218 Effective USD 4.00 4.00 0.00 0.33 3.67 8% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151492 IDA-D3700 Effective 25-Sep-2018 31-Oct-2018 01-Apr-2019 30-Jun-2022 30-Jun-2022 P151492 TF-A0388 Effective 06-Jul-2015 22-Jul-2015 09-Sep-2015 30-Jun-2018 30-Jun-2022 P151492 TF-A0389 Effective 10-Nov-2015 10-Nov-2015 07-Dec-2015 30-Jun-2018 30-Jun-2022 P151492 TF-A8217 Effective 22-Aug-2018 26-Nov-2018 26-Nov-2018 30-Jun-2022 30-Jun-2022 P151492 TF-A8218 Effective 25-Sep-2018 31-Oct-2018 01-Apr-2019 30-Jun-2022 30-Jun-2022 12/18/2019 Page 15 of 16 The World Bank Implementation Status & Results Report Second Public Financial Management Capacity Strengthening Project (P151492) Cumulative Disbursements Restructuring History Level 2 Approved on 25-Aug-2016 ,Level 2 Approved on 07-Dec-2017 Related Project(s) P166206-Domestic Revenue Mobilization and Public Financial Management Capacity Strengthening Project 12/18/2019 Page 16 of 16