The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) Building a Modern Fiscal System Technical Assistance (P154694) EAST ASIA AND PACIFIC | China | IBRD/IDA | Investment Project Financing (IPF) | FY 2016 | Seq No: 16 | Archived on 05- Jun-2024 | ISR00632 Implementing Agencies: Ministry of Finance, International Economic and Financial Cooperation Department, Policy Research Office, Ministry of Finance 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 28-Apr-2016) The development objectives of the proposed project are to inform the design and implementation of the Central Government's fiscal reform program and to improve the Government's capacity in public financial management Has the Development Objective been changed since Board Approval of the Project Objective? No 2. COMPONENTS Name Key elements of China's public finance system:(Cost 17,390,000.00) Fiscal Policy and Sustainable Development:(Cost 5,260,000.00) 3. OVERALL RATINGS Name Previous Current Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate 4. KEY ISSUES & STATUS 4.1 Implementation Status and Key Decisions Jun 05, 2024 Page 1 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) MOF has placed 27 secondees (23 unique individuals) in international organizations, which is more than the target of 20 secondments. It intends to second 7 more staff within the first half of 2024. MOF HR Department has already selected candidates for potential interviews with international organizations; however, the interview dates are not yet known and will depend on the international organizations. Besides the secondment program, the planned public procurement forum in Shanghai in the fall of 2023 has been postponed to the second half of 2024 to align with MOF internal approval process of trainings. The Treasury department is committed to accelerate the process and emphasize the importance of the forum to enhance knowledge and capacity for the practitioners in the context of China’s negotiating GPA with the WTO. Client is also organizing overseas trainings for 12 MOF staff: seven staff on labor-related subjects with the International Training Centre of the International Labour Organization in Turin, and five staff on international trade law and public procurement with the United Nations Institute for Training and Research in Copenhagen in the second half of 2024. Client will seek a cancellation of US$1.0662 million due to some adjustments on the planned subprojects. The fiscal forum and overseas and domestic training activities will require a lower budget to complete without affecting the outcome. The Bank has received the formal request on May 14th. The PMO had launched the preparation of the borrower’s ICR and signed the contract with a consultant. The Bank team informed the PMO of the team’s ongoing ICR preparation. 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Last Approved Rating Risk Category Approval Package - ISR Seq. 015 - 08 Dec Proposed Rating 29 Apr 2016 2023 Political and Governance Low Low Low Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Moderate Moderate Moderate Sustainability Fiduciary Low Moderate Moderate Environment and Social Low Low Low Stakeholders Moderate Moderate Moderate Jun 05, 2024 Page 2 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) Overall Moderate Moderate Moderate Jun 05, 2024 Page 3 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes Inform the design and implementation of the central government's fiscal reform program Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Dissemination of fiscal policy 0.00 Sept/2016 13.00 30-Nov-2023 13.00 Jul/2025 reform proposals to decision Comments on Number of reports findings circulated as official memoranda of MOF makers (Number) achieving targets Improve the Government's capacity in public financial management Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Enhanced capacity and skills 0.00 Sept/2016 75.00 27-Nov-2023 75.00 Jul/2025 in core budget management systems in MOF (Percentage) 6.2 Intermediate Results Indicators by Components Key elements of China's public finance system Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0.00 Sept/2016 22.00 29-Apr-2024 22.00 29-Apr-2024 22.00 Jul/2025 Policy studies undertaken Comments on (Number) achieving targets Jun 05, 2024 Page 4 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) 0.00 Sept/2016 2.00 30-Nov-2023 2.00 Jul/2025 Comments on High level policy dialogue achieving targets workshops (Number) Public outreach of policy 0.00 Sept/2016 9.00 30-Nov-2023 8.00 Jul/2025 study findings on fiscal policy (Number) 0.00 Sept/2016 24.00 30-Nov-2023 20.00 Jul/2025 Capacity building: Comments on MOF has placed 27 secondees (23 unique individuals). secondments (Number) achieving targets Capacity building: training 0.00 Sept/2016 134.00 30-Nov-2023 80.00 Jul/2025 (Number) Collecting, recording and 0.00 Sept/2016 6.00 29-Apr-2024 6.00 29-Apr-2024 5.00 Jul/2025 reporting inputs received from beneficiaries (Number) Fiscal Policy and Sustainable Development Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Policy studies undertaken 0.00 Sept/2016 8.00 30-Nov-2023 8.00 Jul/2025 (Number) High level policy dialogue 0.00 Sept/2016 0.00 30-Nov-2023 0.00 Jul/2025 workshops (Number) Jun 05, 2024 Page 5 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) Public outreach of policy 0.00 Sept/2016 4.00 30-Nov-2023 4.00 Jul/2025 study findings on fiscal policy (Number) 0.00 Sept/2016 29.00 30-Nov-2023 20.00 Jul/2025 Capacity building: training Comments on Number of central and local officials undertaking training in China and abroad (various (Number) achieving targets subprojects). Collecting, recording and 0.00 Sept/2016 1.00 30-Nov-2023 1.00 Jul/2025 reporting inputs received from beneficiaries (Number) Jun 05, 2024 Page 6 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IBRD-86160 Effective 22.00 16.50 5.50 14.33 2.17 86.87% 7.3 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IBRD-86160 Effective 29-Apr-2016 31-May-2016 25-Aug-2016 31-Jul-2021 31-Jul-2025 8. KEY DATES Jun 05, 2024 Page 7 of 8 The World Bank Implementation Status & Results Report Building a Modern Fiscal System Technical Assistance (P154694) Key Events Planned Actual Approval 29-Apr-2016 29-Apr-2016 Effectiveness Not Available 25-Aug-2016 Mid-Term Review No. 01 14-Oct-2019 25-Oct-2019 Operation Closing/Cancellation 31-Jul-2025 9. RESTRUCTURING HISTORY Restructuring Level 2 Approved on 28-Jul-2022 Restructuring Level 2 Approved on 26-Jan-2021 10. ASSOCIATED OPERATION(S) There are no associated operations Jun 05, 2024 Page 8 of 8