Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Modernization of Public Financial Management Systems Project (P151357) MIDDLE EAST AND NORTH AFRICA | Iraq | Governance Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 2 | ARCHIVED on 19-Jan-2018 | ISR31148 | Implementing Agencies: Republic of Iraq, Federal Ministry of Finance, Federal Ministry of Planning, KRG Ministry of Planning Key Dates Key Project Dates Bank Approval Date:20-Dec-2016 Effectiveness Date:28-Dec-2016 Planned Mid Term Review Date:06-Jan-2020 Actual Mid-Term Review Date:-- Original Closing Date:30-Nov-2021 Revised Closing Date:30-Nov-2021 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective (PDO) is to improve financial information management and transparency, cash management, public investment management and public procurement modernization at selected federal and governorate agencies. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Public Financial Management:(Cost $32.30 M) Public Investment Management and Public Procurement at Federal Level:(Cost $4.50 M) Public Investment Management and Public Procurement at KRG Level:(Cost $4.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Unsatisfactory  Moderately Unsatisfactory Overall Implementation Progress (IP)  Unsatisfactory  Moderately Unsatisfactory Overall Risk Rating  High  High Implementation Status and Key Decisions 1/19/2018 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) The first PFM project support mission will take place in Baghdad on January 13-18, 2018. However, clearance for traveling to Erbil (Iraqi Kurdistan) has not been obtained so far. It will be a joint WB-EU mission for the launching of activities related to the new EU-funded "Strengthening Public Financial Management Oversight and Accountability Institutions in Iraq" ASA activities prepared and managed by the World Bank Governance team. This mission will give us the opportunity to discuss and update work plans and procurement plans with our Iraqi national counterparts at the federal level but also to update the governance section of draft IRAQ - VISION 2030. Finally, the team will also consider alternatives to expedite the project implementation in KRG. Additional information on the disbursement projections for the current and following FYs under the proposed upgrade of rating will be annexed to the Aide-Memoire. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  High  High  High Macroeconomic  High  High  High Sector Strategies and Policies  Substantial  Substantial  Substantial 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  Low  Low Stakeholders  Substantial  Substantial  Substantial Other  --  --  -- Overall  High  High  High Results Project Development Objective Indicators PHINDPDOTBL  Share of Federal Government bank account balances consolidated under the new TSA. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 25.00 Date 02-Jan-2017 -- -- 30-Nov-2021 1/19/2018 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) PHINDPDOTBL  IFMIS end-users proficient in IFMIS operations in pilot federal ministries and governorates (Number to be disaggregated by % of female) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 600.00 Date 02-Jan-2017 -- -- 25-Nov-2021 PHINDPDOTBL  Citizen budgets posted of the website of the federal MoF (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 2.00 Date 02-Jan-2017 -- -- 31-Dec-2020 PHINDPDOTBL  Share of public investment projects in pilot line ministries at federal level that are subject to new appraisal and selection mechanisms in the IDMS. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 20.00 Date 02-Jan-2017 -- -- 30-Nov-2021 PHINDPDOTBL  Share of tenders and awards publicly available through the federal procurement single e-portal. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 75.00 Date 02-Jan-2017 -- -- 30-Nov-2021 Overall Comments No comments at this stage of implementation. Intermediate Results Indicators 1/19/2018 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) PHINDIRITBL  Adoption of IFMIS: three ministries (MoF, MoP and MoI) with expenditure transactions being fully processed through IFMIS. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3.00 Date 01-Jan-2017 -- -- 31-Dec-2020 PHINDIRITBL  Adoption of IFMIS: One ministry (MoCH&GM) and two pilot governorates (Baghdad & Babil) with expenditure transactions to be fully processed through IFMIS. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3.00 Date 01-Jan-2017 -- -- 30-Nov-2021 PHINDIRITBL  Implementation of the three-year audit plan of the Federal MoF based on risks, and subsequent conduct of audits. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 4.00 Date 02-Jan-2017 -- -- 30-Nov-2021 PHINDIRITBL  Citizens budget feedback mechanism operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 02-Jan-2017 -- -- 31-Dec-2020 1/19/2018 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) PHINDIRITBL  Share of federal public investment projects registered in the IBP of the IDMS (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 30.00 Date 01-Jan-2017 -- -- 30-Nov-2021 PHINDIRITBL  Share of KRG public investment projects registered in the IBP of the KDMS (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 30.00 Date 01-Jan-2017 -- -- 30-Nov-2021 PHINDIRITBL Use of SBDs prepared with new procurement regulations at both federal and KRG levels in pilot agencies. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 70.00 Date 01-Jan-2017 -- -- 30-Nov-2021 PHINDIRITBL  Share of tenders and awards publicly available at the federal procurement single e-portal (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 75.00 Date 01-Jan-2017 -- -- 30-Nov-2021 1/19/2018 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) PHINDIRITBL  Share of tenders and awards publicly available at the KRG procurement single e-portal (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 75.00 Date 01-Jan-2017 -- -- 30-Nov-2021 Overall Comments No comments at this stage of implementation. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P151357 IBRD-86830 Effective USD 41.50 41.50 0.00 1.13 40.37 2.7% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151357 IBRD-86830 Effective 20-Dec-2016 20-Dec-2016 28-Dec-2016 30-Nov-2021 30-Nov-2021 Cumulative Disbursements 1/19/2018 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Modernization of Public Financial Management Systems Project (P151357) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 1/19/2018 Page 7 of 7 Public Disclosure Copy