The World Bank Report No: ISR13757 Implementation Status & Results Cambodia Cambodia PFM Modernization Project (Sodeth Ly co-TTL) (P143774) Public Disclosure Copy Operation Name: Cambodia PFM Modernization Project (Sodeth Ly co-TTL) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 24-Mar-2014 (P143774) Country: Cambodia Approval FY: 2014 Product Line: Recipient Executed Activities Region: EAST ASIA AND PACIFIC Lending Instrument: Investment Project Financing Implementing Agency(ies): Ministry of Economy and Finance, Royal Government of Cambodia Key Dates Board Approval Date 06-Nov-2013 Original Closing Date 14-May-2016 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 07-Nov-2013 Revised Closing Date 14-May-2016 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to enhance public financial management by strengthening: (a) revenue mobilization and (b) budget execution processes through the implementation of the Financial Management Information System (FMIS). Progress against the principal objective will be measured by the contribution made to the PFMRP’s Key Performance Indicators and Targets set forth under the Stage Two of the PFMRP. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Mobilization of Revenue and SCS Operations Support 0.50 Improving budget execution processes through the implmentation of the Financial Management 11.50 Information System (FMIS) Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Overall Risk Rating Substantial Implementation Status Overview Overall the project is progressing moderately satisfactorily toward the achievements of its development objectives although specific remedial actions around project management by the implementing agency are needed to bring the project up to speed. Technical inputs for the revenue mobilization strategy has been provided by the Bank-funded technical adviser and submitted to the RGC for finalization of the strategy. The progress of the FMIS is on track and in line with the FMIS implementation schedule. The procurement process was Page 1 of 4 The World Bank Report No: ISR13757 finalized and the government signed a contract with the FMIS supplier in December 2013. The FMIS project team (the FMWG) has been mobilized albeit fielding of the contractor has been slightly delayed due to the contractor’s new year holiday. Most of the key functional prerequisites for the FMIS implementation are in place. Given the complexity of the FMIS implementation, the project team has been well prepared and closely monitoring progress and providing strategic technical support as needed. During the last five months (August 2013 to January 2014), two supervision missions, supported by the FMIS implementation and IPSAS experts, have been fielded to provide technical advice and recommendations on Public Disclosure Copy the readiness for the FMIS implementation. The project team is in constant dialogue with key departments: functional departments such as GDNT, budget, Internal Audit and IT departments. Locations Country First Administrative Division Location Planned Actual Cambodia Krong Phnum Penh Phnom Penh ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Improving budget execution processes Text Value Procurement process in The government signed 24 (fully operational FMIS, through the implementation of the FMIS progress contract with the FMIS treasury centric system) supplier in December 2013. A few key functional prerequisites including budget classification table and business process are being finalized. Date 31-Dec-2013 11-Feb-2014 31-Dec-2016 Comments The progress is in line with Number of treasuries at the the FMIS implementation national and provincial levels schedule. The contractor implementing FMIS begins its work in mid- February 2014. Enhanced revenue mobilization as measured Text Value 13.0% 14.2% 15.0% by tax and non-tax revenue collection Date 31-Dec-2012 11-Feb-2014 31-Dec-2016 Public Disclosure Copy Comments Revenue to GDP ratio Revenue to GDP ratio Intermediate Results Indicators Page 2 of 4 The World Bank Report No: ISR13757 Indicator Name Core Unit of Measure Baseline Current End Target Improve budget classification through the Text Value Six budget classification Source of Funds, Economic EC, AC, GC implementation of the uniform account code codes developed [Function and Geographic segments Public Disclosure Copy structure (FC), Administrative (AC), have been coded and are Economic (EC), Program ready. With the exception of (PC), Geographic (GC), four Ministries – Education, Sourceof fund (SFC)] Youth and Sports; Justice; Interior; and Council of Ministers – the codification of the Administrative segment is nearly complete. Date 31-Dec-2012 11-Feb-2014 31-Dec-2016 Comments # of budget classification segments implemented Revenue mobilization action plans developed Text Value Revenue mobilization strategy Inputs for the Revenue Interim monitoring reports and its implementation monitored developed and being Mobilization Strategy has developed finalized. been provided. Date 31-Dec-2012 11-Feb-2014 31-Dec-2016 Comments A final draft inputs for the strategy has been submitted by the expert. The MEF increases the number of female staff Text Value No Baseline No training has been 20.0% participating in training events conducted yet since the project inception. Date 31-Dec-2012 31-Dec-2016 Comments Percentage of women participated in training Data on Financial Performance (as of 15-Nov-2013) Financial Agreement(s) Key Dates Public Disclosure Copy Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P143774 TF-15434 Effective 07-Nov-2013 07-Nov-2013 07-Nov-2013 14-May-2016 14-May-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P143774 TF-15434 Effective USD 5.90 5.90 0.00 0.00 5.90 0.00 Disbursement Graph Page 3 of 4 The World Bank Report No: ISR13757 Public Disclosure Copy Key Decisions Regarding Implementation N/A Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4