The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) WESTERN AND CENTRAL AFRICA | Gambia, The | IBRD/IDA | Investment Project Financing (IPF) | FY 2020 | Seq No: 9 | Archived on 27-Jun-2024 | ISR00930 Implementing Agencies: Department of Public and Private Partnership and Public Enterprises - DPPP&PE 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 15-Jun-2020) The Project Development Objective is to increase fiscal space and improve effectiveness of public resources management. Has the Development Objective been changed since Board Approval of the Project Objective? Yes Current Development Objective (Approved as part of Restructuring package Seq. 1 on 17-Jul-2023) To improve fiscal management systems as well as oversight capacity for specified public resources 2. COMPONENTS Name Component 1: Strengthening Revenue Collection and Public Procurement Processes:(Cost 4,500,000.00) Component 2: Supporting Fiscal Management of State-Owned Enterprises (“SOEs”) and Restructuring Plans of Telecom SOEs:(Cost 12,310,000.00) Component 3: Project Implementation Support and Reform Coordination:(Cost 1,640,000.00) 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 Substantial Substantial Jun 27, 2024 Page 1 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) 4. KEY ISSUES & STATUS 4.1 Implementation Status and Key Decisions Progress towards the achievement of the PDO is Moderately Satisfactory, as all three PDO indicators and all nine Intermediate Results Indicators (IRIs) have now met the project's end targets. Overall project Implementation Progress (IP) is also Moderately Satisfactory . Key outputs have been achieved across all three project components, which have supported this performance, including, among others: (i) the completion of the Gambia Revenue Authority (GRA) business re-engineering, the completion of the Tax Compliance and Risk Assessment Policy, as well as the ongoing implementation of the ITAS contract with the selected vendor; (ii) the passage of the 2022 Gambia Public Procurement Authority (GPPA) Act by the National Assembly and the training and certification of 80 procurement officials on core principles of procurement; (iii) the development of an Electronic Government Procurement (e-GP) readiness report, a validated strategy and roadmap for implementing an e- GP system, procurement manual, and standard bidding documents in line with the 2022 The Gambia Public Procurement Authority (GPPA) Act; (iv) the passage of the 2023 SOE Act by the National Assembly as well as the appointment of the SOE Oversight Authority Board of Directors; (v) the public disclosure of five SOE performance audit reports (e.g. The Gambia Ports Authority [GPA], the National Water and Electricity Company [NAWEC], the Social Security & Housing Finance Corporation[SSHFC],the Gambia Telecommunication Company [GAMTEL], and the Gambia Civil Aviation Authority [GCAA] by NAO; (vi) the acquisition of the Gambia Public Utilities Regulatory Authority (PURA) quality of service monitoring tool for 4G, billing verification system, electromagnetic radiation measurement tool, the completion of a Spectrum Assessment Report, and cabinet approval of the national cloud strategy and migration policy; and (vii) the organization of a market test for The Gambia Telecommunications Company (GAMTEL)/The Gambia Telecommunications Cellular Company (GAMCEL). 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Last Approved Rating Risk Category Approval Package - ISR Seq. 08 - 18 Apr Proposed Rating 16 Jun 2020 2024 Political and Governance High Substantial Substantial Macroeconomic High Substantial Substantial Sector Strategies and Policies Substantial Moderate Moderate Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Jun 27, 2024 Page 2 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Substantial Substantial Substantial Overall High Substantial Substantial Jun 27, 2024 Page 3 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes Improved fiscal management systems Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0.00 Dec/2022 0.00 26-Jun-2024 0.00 26-Jun-2024 0.00 Jun/2024 Percentage of on-time tax Comments on Data for the two sub-indicators was provided by the Gambia Revenue Authority (GRA) for filing rates (Percentage) achieving targets the tax year 2023, for which the annual end-filing deadline is March 31, 2024. 89.00 95 95 95.00 CIT and PIT taxes by Comments on The PDO- 1 sub-indicator measuring the “percentage of on-time tax filing rates (Corporate large taxpayers achieving targets Income Tax [CIT] and Private Income Tax [PIT]) by large taxpayers” achieved a performance (Percentage) of 95 percent against an end-target of 95 percent. 28.00 56.1 56.1 30.00 VAT by all VAT Comments on PDO-1 sub-indicator measuring the “percentage of on-time tax filing rate by all Value Added registrants achieving targets Tax (VAT) registrants” achieved a performance of 56.1 percent, thus exceeding the end (Percentage) target of 30 percent. Improved oversight capacity for specified public resources Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Performance audit reports of 1.00 Dec/2022 5 26-Jun-2024 5 26-Jun-2024 5.00 Jun/2024 SOE prepared by the National Comments on The PDO-2 indicator measuring the number of “performance audit reports of State-Owned Audit Office and discussed achieving targets Enterprises (SOEs) prepared by the National Audit Office (NAO), discussed with the Public with the Public Enterprises Enterprises Committee (PEC) of the National Assembly, and published on the website of the Committee of the National Ministry of Finance and Economic Affairs (MoFEA)” achieved a performance of five against Assembly and published on an end target of five, thus meeting all five related DLRs resulting in a cumulative project Jun 27, 2024 Page 4 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) the website of the MoFEA disbursement of US$1.25 million. In this regard, performance audits developed were for the (Number) PBC Gambia Ports Authority (GPA), the National Water and Electricity Company (NAWEC), the Social Security and Housing Finance Cooperation (SSHFC), the Gambia Telecommunication Company (GAMTEL) as well as the Gambia Civil Aviation Authority (GCAA). 27.00 Dec/2022 3.15 26-Jun-2024 3.15 26-Jun-2024 22.00 Jun/2024 Comments on The PDO-3 indicator measuring the “percentage of government procurement tenders by Percentage of government achieving targets value that are single sourced” achieved an end-December 2023 rate of 3.15 percent (n.b. at procurement tenders by the time of reporting on the last ISR, some high value contracts that were signed for the value that are single sourced ongoing road construction but not factored-in, which had been executed using competitive (Percentage) procurement methods, and as a result, the percentage of Single Source procurement drastically reduced) and an end-May 2024 rate (for which most recent data is available) of 1 percent, thus outperforming the end of project target of 22 percent. 6.2 Intermediate Results Indicators by Components Component 1: Strengthening Revenue Collection and Public Procurement Processes Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Tax Directorate established No Dec/2022 Yes 26-Jun-2024 Yes 26-Jun-2024 Yes Jun/2024 and tax expenditure policy developed by the Ministry of Finance and Economic Affairs. (Yes/No) Number of GRA staff trained 0.00 Dec/2022 72 26-Jun-2024 72 26-Jun-2024 58.00 Jun/2024 on Tax Compliance, Risk Management, and Project Management for effective implementation and Jun 27, 2024 Page 5 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) oversight projects (Number) Dissemination of e-GP No Dec/2022 Yes 26-Jun-2024 Yes 26-Jun-2024 Yes Jun/2024 readiness assessment report to public and private stakeholders (Yes/No) Certified procurement 0.00 Dec/2022 60 26-Jun-2024 60 26-Jun-2024 50.00 Jun/2024 professionals in the procuring organizations (Number) Certified women 0.00 46.00 46.00 15.00 procurement professionals in the procuring organizations (Number) Component 2: Supporting Fiscal Management of State-Owned Enterprises (“SOEs”) and Restructuring Plans of Telecom SOEs Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Current legal Jul/2019 SOE Act 26-Jun-2024 SOE Act 26-Jun-2024 SOE Act Jun/2024 and Adopted by Adopted by adopted by institutional the National the National the National framework is Assembly Assembly Assembly characterized Comprehensive SOE Bill by a level of including adequate confusion and institutional framework a fragmented (Text) oversight function Comments on A comprehensive SOE Bill approved by the Cabinet. The Act should clearly outline (i) an achieving targets applicable legal regime that clearly defines roles of various corporate bodies (shareholders, board, management); (ii) definition of an ownership policy; (iii) a delineation of roles and Jun 27, 2024 Page 6 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) lack of political interference in the day-to-day management of SOEs; (iv) a clear control and disclosure framework Performance contracts 0.00 Jul/2019 8 26-Jun-2024 8 26-Jun-2024 2.00 Jun/2024 signed with the main Comments on As measured by performance contracts signed between the government and the Board of corporatized State-Owned achieving targets SOEs of corporatized State-Owned Enterprises (SOEs) that operate in important parts of the Enterprises (Number) Gambian economy, including telecommunications and energy, water and services Aggregate annual SOEs None Dec/2022 Yes 26-Jun-2024 Yes 26-Jun-2024 Yes Jun/2024 report prepared and published by the Directorate of State-Owned Enterprises (MOFEA) on a timely basis (Text) Establishment of a No Dec/2022 Yes 26-Jun-2024 Yes 26-Jun-2024 Yes Jun/2024 centralized and independent regulatory agency (SOE Commission), approved by law to monitor financial and operational performance of the SOEs in its portfolio (Yes/No) PBC Internal Audit charter and 0.00 Dec/2022 10.00 26-Jun-2024 10.00 26-Jun-2024 8.00 Jun/2024 audit manual for SOEs developed and approved by Management (Number) 6.3 Performance Based Conditions (PBC) PBC Name Baseline Actual (Previous) Actual (Current) Closing Period Jun 27, 2024 Page 7 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) Value Date Value Date 1:Establishment of a Value No Yes Yes centralized and independent regulatory agency (SOE Commission), approved by law to Allocated 26-Jun-2024 26-Jun-2024 monitor financial 0.00 0.00 4,000,000.00 Amount and operational performance of the SOEs in its portfolio (Yes/No) PBC allocation 4,000,000.00 2:Performance Value 1.00 5 5 audit reports of SOE prepared by the National Audit Office and discussed with the Public Enterprises Allocated 26-Jun-2024 26-Jun-2024 Committee of the 0.00 0.00 500,000.00 Amount National Assembly and published on the website of the MoFEA (Number) Achieved PBC allocation 500,000.00 Value 0.00 0.00 30-Dec-2021 0.00 30-Dec-2021 Jun 27, 2024 Page 8 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) 3:Performance audit reports of SOE prepared by the National Audit Office and discussed with the Public Enterprises Allocated 0.00 0.00 750,000.00 Committee of the Amount National Assembly and published on the website of the MoICI (DLR2) (Number) Not Due PBC allocation 2,000,000.00 Jun 27, 2024 Page 9 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IDA-D6190 Effective 35.00 19.53 15.47 16.86 1.95 86.32% 7.3 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IDA-D6190 Effective 04-Jun-2020 22-Jun-2020 28-Jul-2020 30-Jun-2025 30-Jun-2024 8. KEY DATES Jun 27, 2024 Page 10 of 11 The World Bank Implementation Status & Results Report GAMBIA FISCAL MANAGEMENT DEVELOPMENT PROJECT (P166695) Key Events Planned Actual Approval 04-Jun-2020 04-Jun-2020 Effectiveness 30-Sept-2020 28-Jul-2020 Mid-Term Review No. 01 13-Jun-2022 13-Jun-2022 Operation Closing/Cancellation 30-Jun-2024 9. RESTRUCTURING HISTORY Restructuring Level 2 Approved on 02-Jun-2023 Restructuring Level 2 Approved on 02-May-2024 10. ASSOCIATED OPERATION(S) There are no associated operations Jun 27, 2024 Page 11 of 11