The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) SOUTH ASIA | Bangladesh | Governance Global Practice | Requesting Unit: SACBB (8702) | Responsible Unit: ESAG1 (9742) IBRD/IDA | Program-for-Results Financing | FY 2019 | Team Leader(s): Suraiya Zannath, Nazmus Sadat Khan, Khuram Farooq Seq No: 13 | Archived on 31-Oct-2024 | ISR02162 | Created by: Aleksandar Kocevski on 20-Oct-2024 | Modified by: Aleksandar Kocevski on 21-Oct-2024 1. PROJECT DEVELOPMENT OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 01-Mar-2019) The Program Development Objective (PDO) is to improve fiscal forecasting, budget preparation and execution, financial reporting and transparency to enable better resource availability for service delivery in selected Ministries, Departments, and Agencies. 2. OVERALL RATINGS Name Previous Current Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial 3. KEY ISSUES & STATUS 3.1 Implementation Status and Key Decisions Following the Program restructuring of June 2023, there has been significant progress in the implementation pace. As of the date, 29 Disbursement Linked Results (DLRs) have been fully achieved and disbursed, three DLRs were partially achieved and disbursed, while the rest are in progress. Cumulative disbursements stand at US$70.32 million (70.32 percent of the World Bank financing). The revised Program implementation plan is on track, with prospects of achieving all DLRs by the Program closing date of February 28, 2026. 4. DATA ON FINANCIAL PERFORMANCE Apr 12, 2025 Page 1 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) 4.1 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IDA-63680 Effective 100.00 94.32 0.00 76.22 21.76 77.79% 4.2 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IDA-63680 Effective 01-Mar-2019 27-Jun-2019 03-Jul-2019 30-Jun-2024 28-Feb-2026 4.3 Program Action Plan Ensuring establishment of the PECT and PITs (within three months of the Effective Date) and Action Description that these are maintained throughout the Program implementation Source DLI# Responsibility Timing Timing Value Status Technical NA Finance Division Recurrent Continuous Completed Completion PECT and PITs are in place throughout the Program implementation Measurement Comments Eight Program Executive and Coordinators (PECs) are in place as of April 2024. Strengthen IPF as PFM Learning Hub by recruiting three permanent staff within six months of Action Description the Effective Date Source DLI# Responsibility Timing Timing Value Status Technical NA Finance Division Recurrent Continuous Completed Completion IPF strengthened with the addition of three permanent staffs Measurement Comments The IPF has appointed more than three permanent staffs DLI technical notes are reviewed and amended from time to time in consultation with the Action Description Bank Source DLI# Responsibility Timing Timing Value Status Technical NA Finance Division Recurrent Yearly Completed Apr 12, 2025 Page 2 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Completion DLI technical notes are periodically updated, in consultation with the Bank team. Measurement DLI technical notes are being updated based on lessons learnt at mid-point and to reflect Comments course correction. Arrange DLI verification by the OC&AG, the Cabinet Division and through a third-party Action Description verification agent (to be appointed no later than 3 months after the Effective Date) Source DLI# Responsibility Timing Timing Value Status Technical NA Finance Division Recurrent Yearly In Progress Completion Submission of DLI verification reports acceptable to the Bank and disbursement completed. Measurement FD has received five verification reports from Office of Comptroller and Auditor General Comments (OCAG) ,Seven reports from PricewaterhouseCoopers (PwC) and one from Cabinet Division. Assign separate organizational budget codes to the FD wings responsible for Program Action Description implementation (macro-economic, SOE, Debt, Expenditure etc.) to enhance managerial accountability of funds allocated to deliver on the specific DLI schemes Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems NA Finance Division Due Date 30-Jun-2019 Completed Completion The Program budget for FY20 be distributed by FD wings Measurement Under code 10901 for Secretariat, Finance Division, there is a specific code [3200002] for Comments overall Program with scheme-wise separate organizational/implementation unit budget codes assigned. Program to use the separate standard document for procurement of permitted works Action Description through e-GP system, which does not have the provision of rejecting bids based on above/lower than the estimated cost Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems NA Finance Division Recurrent Continuous In Progress Completion eGP used for all Program procurements Measurement There aren't any new works under the program. Use of specific documents will be ensured in Comments case of any rehabilitation work. Regular procurement of operational items such as computer equipment, printing materials are done through eGP. Apr 12, 2025 Page 3 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) For each bid/proposal under the Program, form Bid/Proposal evaluation committees Action Description consisting of members with the appropriate knowledge and experience of procurement of similar goods/services Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems NA Finance Division Recurrent Continuous In Progress Completion Procurement committees are suitably qualified/experienced Measurement Procurement committee includes experienced staff members. Some procurement packages Comments have been prepared and published for all DLIs. Assign one trained Government official as procurement focal point within six months of Action Description Effective Date Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems NA Finance Division Recurrent Continuous In Progress Completion Trained officer designated as the Procurement Focal Point Measurement Procurement cell established and a procurement specialist has been supporting. Two junior Comments consultants and the evaluation committees for the procurement process have been notified. In addition, one PEC is assigned as procurement focal point. Maintain a publicly accessible website where all disclosable procurement data will be Action Description available and regularly updated Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems NA PECT Recurrent Continuous In Progress Completion Website with disclosable procurement data Measurement Publicly accessible Program website (http://www.spfms.gov.bd/forms/form/1/-) with Comments different procurement sections was launched in January 2021. Annual procurement plan is uploaded in the website and needs to be updated with the latest procurement data FD seeks the advice of environmental and social expert(s) for the Program, as needed for Action Description Program activities Source DLI# Responsibility Timing Timing Value Status Environmental and NA Finance Division Recurrent Continuous Not Yet Due Social Systems Apr 12, 2025 Page 4 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Completion Either in-house capacity built or assistance sought from IMED Measurement Given the low environmental and social risk of the Program, so far no need has arisen to Comments seek the advice of the environmental and social specialists. 5. KEY DATES Key Events Planned Actual Approval 01-Mar-2019 01-Mar-2019 Effectiveness 03-Jul-2019 03-Jul-2019 Mid-Term Review No. 01 31-Jan-2022 24-Jan-2022 Operation Closing/Cancellation 28-Feb-2026 6. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Last Approved Rating Risk Category Approval Package - ISR Seq. 012 - 26 Apr Proposed Rating 01 Mar 2019 2024 Political and Governance Substantial Substantial Substantial 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 Substantial Substantial Substantial Environment and Social Low Low Low Stakeholders Moderate Moderate Moderate Overall Moderate Substantial Substantial Apr 12, 2025 Page 5 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Apr 12, 2025 Page 6 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) 7. RESULTS 7.1 PDO Indicators by PDO Outcomes Improve fiscal forecasting and resource allocation consistent with Government priorities Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year No Oct/2018 Yes 18-Apr-2024 Yes 23-Oct-2024 Yes Feb/2026 Comments on The requirements for the Macroeconomic model have been finalized and approved by the achieving targets Finance Division in June 2021. The full dataset of macroeconomic variables for the real, monetary, external and fiscal sectors has been completed. Training program is ongoing on the macroeconomic model for improved projections Time series database of relevant four sector variables has been updated. Six possible stakeholders have already been identified such as (1) Bangladesh Bank (BB); (2) Bangladesh Bureau of Statistics (BBS); (3) Economic Relations Division (ERD); (4) Export Use of improved fiscal Promotion Bureau (EPB); (5) National Board of Revenue (NBR); and (6) Department of National projections for budget- Savings (NSD). Moreover, a draft data sharing agreement (MoU) has been prepared making (Yes/No) accommodating opinion from all relevant ministries/divisions/ departments. A validation workshop has also been held on 8th September, 2022 with all stakeholders. The Debt Bulletin has been published - https://mof.gov.bd/site/page/9466b739-2f5c-4914- ba82-b204af6a594e/Debt-Bulletin. The Medium-Term Debt Strategy (MTDS) was approved and published in the Ministry of Finance (MoF) website https://mof.gov.bd/site/page/6fe3a32e-c3f9-480d-854f- afa6d0c5050e/Medium-Term-Debt-Management-Strategy- This is Bangladesh’s first MTDS since 2014. A fourth edition of the debt bulletin was published in December 2022. Apr 12, 2025 Page 7 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) 0.00 Oct/2018 0.00 18-Apr-2024 0.00 23-Oct-2024 29.25 Feb/2026 Comments on Performance scorecard for BMCs of 15% (10 selected Ministries/Divisions) of achieving targets Ministries/Divisions has been approved and a Government Order (GO) has been issued to conduct peer reviewing of these selected ministries/divisions. Selected Ministries/Divisions are: Set A includes: Ministry of Primary and Mass Education, Road Transport and Highway Division, Local Government Department, Department of Water Resources, Department of Health Services. Improved budget alignment Set B includes: Secondary and Higher Education Division, Bridges Division, Rural Development with development strategy and Co-operatives Division, Ministry of Agriculture, Medical Education and Family Welfare through better performance Division of BMCs (Percentage) Current shortcomings on low budget out-turns that are coming from preliminary PEFA 2022 findings could be attributed to some extent to weak capacity of BMCs. Hence, the need to quickly improve BMCS performance so that budgets can be better aligned with development strategy and fully executed. The Training Strategy and Annual Training Plan 2020-2023 was approved by Senior Secretary, Finance Division, and is now operational. It reflects the core PFM problem areas and links necessary training and capacity development interventions fornhancing the efficiency and effectiveness of BMCs and BWGs. 0.00 Oct/2018 94.28 18-Apr-2024 94.28 23-Oct-2024 80.00 Feb/2026 Reduced number of days for DDOs to receive budget in Comments on selected MDAs achieving targets (Percentage) Apr 12, 2025 Page 8 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Improve budget execution in service delivery MDAs Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year EFT used for Oct/2018 (i) Using the newly 18-Apr-2024 (i) Using the 23-Oct-2024 - 50% EFT- Feb/2026 officers’ developed online newly 40% DDOs salaries only. system, bank developed submitting No online bills account information online online bills- submission. has been entered system, bank Number of Stock take of for55675government account new (outside special offices (out of information TSA) special Timely and reliable accounts & 106,444 government has been accounts payments of salaries and EBFs will be offices), totaling entered for opened vendor invoices with a done. 110,922 bank 55,675 annually strengthened TSA and accounts; and (iii) government reduced by automated payment system the bills for 98 offices (out of 50% (Text) percent pay and 90,000 allowances, 98 government percent pension offices), payments and totaling almost 80 percent 137,546 bank Social Safety Net accounts; and payments are (iii) the bills Apr 12, 2025 Page 9 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) submitted online and for 98 percent made through pay and Electronic Fund allowances, Transfer (EFT). 98 percent pension payments and almost 80 percent Social Safety Net payments are submitted online and made through Electronic Fund Transfer (EFT). Comments on One of the benefits of improving cash management through the Treasury Single Account (TSA) achieving targets is that the impact on the determination of borrowing requirements will be improved by consolidating cash balances. Reduction in costs of borrowing to the government will increase fiscal space for allocation to service delivery and prompt settlement of government obligations will increase confidence in the payment system. DLI 4 will enable the reduction of cash held outside of the TSA and modernize payment processes. As a result, a report from Bangladesh Bank regarding bank accounts maintained by government offices including other public sector (Public non-financial corporations and local authorities) has been collected. Bank Account information of public Sector units are also collected from all of the Commercial Banks. Promote enhanced transparency of the budget execution and enable timely accountability Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Apr 12, 2025 Page 10 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) 0.00 Oct/2018 100.00 18-Apr-2024 100.00 23-Oct-2024 50.00 Feb/2026 Budget holders in selected Comments on Budget execution reports are available for all the DDOs Budget execution reports are published MDAs effectively and achieving targets in Finance Division website. 2 sets of reports for 3 quarters of 2020-21 and 2021-22 have been transparently use financial published information (Percentage) All DDOs have been informed about the reports. In every training program arranged for the DDOs, the reports are shown to them. 7.2 Intermediate Results Indicators by Results Areas Improve budget execution in service delivery MDAs Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year - SOE debt and Oct/2018 FD conducted several 18- FD conducted 23-Oct- - Policy and Feb/2026 contingent rounds of focused Apr- several rounds 2024 procedures to liabilities are not trainings for SOEs on 2024 of focused regulate SOEs’ debt effectively disclosure of Debt and trainings for and contingent SOE and autonomous controlled- Partial Contingent Liabilities SOEs on liabilities (including bodies’ debt and data of SOEs (DCL) and pre-requisite disclosure of an upgraded contingent liabilities profitability information for SOE Debt and framework for statement prepared and published in the database. The first-cut Contingent reporting by SOEs to submitted to annual Economic DCL statements, based Liabilities (DCL) the Finance Division) appropriate authority Survey of on FY22 data for 50 and pre- have been drafted (Text) Bangladesh- Fiscal SOEs, have been requisite and issued by MoF.- risks assessments completed and information for 100 SOEs and have not been preparation of rest 50 SOE database. autonomous bodies conducted SOEs are underway. The first-cut have published their DCL audited Apr 12, 2025 Page 11 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) statements, financialtatements based on FY22 (covering the relevant data for 50 Fiscal Year for which SOEs, have the DLR is being been assessed).- SOE debt completed and and contingent disbursement liabilities statement processed (covering the relevant preparation of Fiscal Year for which rest 50 SOEs the DLR is being are underway. assessed) has been prepared by MoF for all SOEs and submitted to appropriate authority. Comments on SOEs were not fully aware of the role of the SOE Monitoring Cell and how the functions of the achieving targets SOE Monitoring Cell will assist them to comply with financial reporting requirements. Some SOEs continue to have a backlog of audits to be completed. The SOE Monitoring Cell will continue to provide technical support, conduct training sessions, and carry out various awareness building activities wit the SOEs and ABs. SOEs are not Oct/2018 SOE performance 18- SOE 23-Oct- - SOE performance Feb/2026 classified as evaluation guidelines Apr- performance 2024 evaluation guidelines commercial and have been developed 2024 evaluation have been developed Improved performance, non- by the Finance Division, guidelines by the Finance reporting, and public commercial.There with clear scoring have been Division, with clear disclosure of the is some criteria. Several SOEs developed by scoring criteria.- A SOEs/ABs (Text) performance have undergone an the Finance policy and procedures monitoring of SOEs, independent Division, with manual for property, but not systematic performance clear scoring plant, equipment and Apr 12, 2025 Page 12 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) and evaluation, in criteria. other assets that independent.Grants accordance with the Several SOEs enables to ensure the to SOEs are not SOE performance have quality of divided into evaluation guidelines undergone an management and different developed.Performance independent accounting procedure categories.Partial evaluation of ten SOEs performance has been drafted and data of SOEs have also been evaluation, in issued by the Finance profitability completed in accordance Division.- At least 10 published in the accordance with the with the SOE SOEs have undergone annual Economic SOE performance performance an independent Survey of evaluation guidelines evaluation performance Bangladesh. developed. guidelines evaluation, in developed. accordance with the Performance SOE performance evaluation of evaluation guidelines ten SOEs have developed. - also been Turnaround strategies completed in have been developed accordance for the identified with the SOE underperforming performance SOEs. evaluation guidelines. A comprehensive policy and procedures manual for property, plant, equipment (PPE), and Apr 12, 2025 Page 13 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) other assets is being prepared, with efforts to standardize measurement and management across key sectors. An inception workshop was successfully held on February 2, 2024, and visits to 17 SOEs (7 in Dhaka, 6 in Chittagong, and 4 in Sylhet) have been completed. These visits focused on gathering data regarding depreciation, fixed assets management Apr 12, 2025 Page 14 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) systems, and accounting practices. Comments on While there is some performance monitoring of SOEs there is no systematic and independent achieving targets monitoring. DLI7 seeks to improve the monitoring and evaluation of SOEs through the completion of independent performance evaluation. The IPE was approved, issued and distributed in 2021. Evaluations are underway to identify the underperforming SOEs. Promote enhanced transparency of the budget execution and enable timely accountability Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year - Long process Nov/2018 The backlog of delayed 18- The backlog of 23-Oct- - The GP Fund Feb/2026 often results in a pension cases has been Apr- delayed 2024 Module and the significant delay reduced by 89 percent 2024 pension cases Pension Service after retirement to (out of 744 cases in has been Module of iBAS++ prepare a Pension 2020). The pension Call reduced by 89 have been Payment Order- All Center and grievance percent (out of implemented and are Improved Pension pension and GP handling mechanism 744 cases in operational.- A Service (disaggregated fund records are are fully functional and 2020). The centralized pension by gender) through manual and prone receive high regards by pension Call roll with EFT payment facilitation of payments to human errors the pensioners. Center and capability has been through EFT no later grievance established and is than the pension handling operational.- A payment cycle following mechanism are government-wide retirement (Text) fully functional annual GPF and and receive Pension Service high regards report has been by the produced.- The pensioners. number of cases of delayed pension payments is reduced Apr 12, 2025 Page 15 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) by 50%. - 90% of new pensioners are paid through EFT no later than the pension payment cycle following their retirement. Comments on This indicator measures the timely processing of pension cases and convenient payment achieving targets through EFT. Pension processing is cumbersome for both the Government of Bangladesh (GoB) and the pensioners, there is an urgent need to modernize the system through (i) establihment of a dedicated pension office (ii) the use of EFT and (iii) strengthened accounting and monitoring systems by linking with (iBAS++), this IR seeks to streamline pension processing and payment system by undertaking immediate priority and interdependent actions which are necessary for improved service delivery concerning civil servant pension. Internal audit units Oct/2018 -The Internal Audit 18- -The Internal 18-Apr- - The Model Internal Feb/2026 are not effective. Charter and Manual Apr- Audit Charter 2024 Audit Charter and the Internal audit have been finalized and 2024 and Manual Risk-based Internal activities consist approved by the Senior have been Audit Manual have primarily of ex-post Secretary, Finance.-Five finalized and been issued by the Action taken on internal reviews focused on view exchange approved by Finance Division. - A and external audit financial meetings were the Senior system for annual reports in Selected compliance. conducted in the Secretary, procurement MDAs and post- individual department Finance. - planning and post- procurement reviews in with the officials of the Several view review has been the Finance Division selected high spending exchange established by the (Text) Ministries i.e., PWD, meetings were Finance Division and RHD, LGED, DGHS, and conducted in training on the DPE. The topics of the the individual system has been meetings covered the department conducted. - Internal existing system of with the audit reports, Apr 12, 2025 Page 16 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) internal audit, the officials of the prepared in present status of selected high accordance with the internal audit in the spending Model Internal Audit departments, future Ministries i.e., Charter and the Risk- action plans for the PWD, RHD, based Internal Audit internal audit system, LGED, DGHS, Manual issued, have etc. Sr. Consultants had and DPE. been issued to the submitted five separate These covered heads of departments study reports to the the existing and principal PIT.-From March 9, system of accounting officers of 2022, to March 29, internal audit, any two departments 2022, training on Risk- the present in any of the Selected based Internal Audit for status of MDAs. The relevant Government officials internal audit Internal Audit was conducted. This in the Committees (IAC) of traning was jointly departments, Ministries/ Divisions organized by the future action prepares an action scheme on Internal plans for the plan to resolve at Audit and Audit Follow- internal audit least 25% of:I. up and the Institute of system, etc. Sr. Internal audit Internal Auditors Consultants observations of the Bangladesh (IIAB). This had submitted report of two training was designed five separate selected especially for the study reports departmentsand II. selected 05(five) high- to the PIT. - Procurement post- spending MDAs training on review findings of (Ministries/ Risk-based SPFMS program of Departments/ Internal Audit Finance Division. Agencies) and Finance for Division. MDAs are Government LGED, PWD, RHD, officials was Apr 12, 2025 Page 17 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) DGHS, DPE, and FD.- conducted by Senior Consultant the scheme on Internal Audit and Audit Follow- up and the Institute of Internal Auditors Bangladesh (IIAB). This training was designed especially for the selected five high- spending MDAs (Ministries/ Departments/ Agencies) and Finance Division. MDAs are LGED, PWD, RHD, DGHS, DPE, and FD. - Senior Consultant (Procurement) has conducted the post Apr 12, 2025 Page 18 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) procurement review of all schemes under the SPFMS. Comments on Internal audit (IA) is ad hoc and unstructured with isolated single audits and the applied achieving targets standards are not based on International Standards for the Professional Practice in Internal Audit issued by The Institute of Internal Auditors (IIA ). Focus is more on preaudit of documents and transactions for accuracy and compliance; outputs are dependent upon the skills of specific individuals holding the position as part of the larger organizational unit with no specific professional practices and capabilities established; funding is approved by management as needed; enabling infrastructure is absent with no or minimal use of information technology. DLI 9 seeks to establish a modern internal audit function in selected large spending and high-risk departments as part of the suite of internal controls using risk- based audit methods concentrating on systemic issues and providing independent and objective advice to management. Establish an enabling environment for improved PFM outcomes Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year PFM reform Oct/2018 (i) PECT prepared and 18- (i) PECT 23-Oct- - Two PFM Action Feb/2026 implementation, published eight semi- Apr- prepared and 2024 Plan progress reports PFM Action Plan monitoring, and annual progress 2024 published nine (prepared on a semi- implementation is course-correction reports; (ii) final report semi- annual annual basis) have effectively led through are not adequately of research paper-1 has progress been submitted by an adequate governance coordinated, and a been submitted by the reports; (ii) the PECT to the structure and an comprehensive Bangladesh Institute of Two Steering Committee. - effective change change Governance stakeholder Two PFM Action Plan management approach management Management (BIGM) retreats have stakeholder retreats (Text) approach needs to and stakeholders’ been conducted to review be implemented consultation is completed (iii) the respective semi- expected by June 2024; Out of 3 PFM annual PFM Action Apr 12, 2025 Page 19 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) and (iii) inception rport related Plan progress reports on research paper-2 research prepare under DLR has been submitted by papers, 10.1.- The PFM Bangladesh Institute of research paper Learning Hub has Bank Management titled “The produced at least 3 (BIBM). For research Impact of research papers on paper-3, data collection Fiscal Stimulus PFM reform lessons is ongoing, and the on the and published the research is expected to Economy said reports through be completed by June during COVID- its website.- 6 field 2024. Roadmap has 19: Bangladesh inspections to been developed to Perspective” government service strengthen IPF and conducted by delivery centers to elevate it to a center of BIGM has been identify PFM-related excellence with published in issues have been repository of all PFM the peer carried out.- The PECT reform-related records. reviewed has prepared a report journal and the evaluating the website of performance of SPFMS, IPF and coaches, facilitators FD. ￿ The final and/or report of implementation research titled support consultants “Long-term engaged to support financing: A the implementation critical of the PFM Action assessment of Plan.- 100 civil the bond servants (with data market in disaggregated by Bangladesh gender) have and the way completd specialized Apr 12, 2025 Page 20 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) forward” PFM-related conducted by courses/certifications. BIBM has already been submitted. After quality check by IPF, the report will be published in the peer review journal and website. - 6 field inspections to government service delivery centers to identify PFM- related issues have been carried out.- 100 civil servants (with data disaggregated by gender) have completed Apr 12, 2025 Page 21 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) specialized PFM trainings. Comments on DLI 10 supports a series of change management activities that are carefully articulated to achieving targets analyze and learn from both successes and failures during the program implementation and improve approach to tackle the PFM problems. These change management activities include the key elements of program’s governance, implementation, and M&E systems, such as enabling progress reports to the Steering Committee and that these are reviewed in a broad- based program retreat encouraging results monitoring and mutual accountability. DLI10 also seeks to establish a sustainable PFM learning environment with strengthened capacity of the Institute of Public Finance as a larning hub and institutionalizing the PFM research, field inspections, and problem-solving facilitation/ coaching. Annual performance reviews and DLI verification will enable a qualitative analysis of the enabling environment for PFM reforms so evolved and recommend improvements, as appropriate. 7.3 Disbursement Linked Indicators (DLI) Actual (Previous) Actual (Current) PBC Name Baseline Closing Period Value Date Value Date Two (DLR 1.1 and 1.2) Three (DLR 1.1 and out of five DLRs have 1.2) out of five DLRs 1:Use of improved been fully achieved, have been fully Static revenue and fiscal projections verified and disbursed, achieved, verified expenditure for budget-making one DLR (DLR 1.3) has and disbursed, and Value estimates restrict 18-Apr-2024 23-Oct-2024 (Text) been partially achieved the other two DLRs effective policy and disbursed, , and (DLR 1.4 and 1.5) Partially achieved making. the other two DLRs are in progress and (DLR 1.4 and 1.5) are in on track for progress and on track achievement by Apr 12, 2025 Page 22 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) for achievement by June 30, 2025. It is June 30, 2024. It is expected that DLR expected that DLR 1.4 1.4 will be achieved will be achieved upon upon organizing a organizing a training training session for session for Macro- Macro-fiscal Model fiscal Model (MFMOD), (MFMOD), which which will lead towards will lead towards -- publication of the publication of the macro forecasts in the macro forecasts in budget the budget announcements of announcements of June 2024. The June 2024. The publication of a Debt publication of a Sustainability Analysis Debt Sustainability (DSA) is awaiting Analysis (DSA) has approval from the been approved by Minister of Finance. the Minister of The Treasury and Debt Finance. The Management Wing has Treasury and Debt expressed interest in Management Wing publishing the Medim- has expressed term Debt Strategy interest in (MTDS) on a regular publishing the basis and asked for Medium-term Debt future trainings. Strategy (MTDS) on a regular basis and asked for future trainings. Apr 12, 2025 Page 23 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Allocated 0.00 0.00 0.00 Amount DLI allocation 10,000,000.00 Among the five DLRs, Among the five one DLR (DLR 2.1) has DLRs, one DLR (DLR been successfully 2.1) has been achieved, verified and successfully disbursed. The achieved, verified remaining DLRs are in and disbursed. The progress. Some of the remaining DLRs are BMCs are not fully key achievements in progress. Some of 2:Improved budget functional and include: (i) peer-review the key DLR 2.5: The alignment with require additional monitoring of BMC for achievements Recipient’s development capacity and selected ten Ministries, include: (i) peer- expenditure on strategy and empowerment. Departments and review monitoring Social Sectors has gender, social, and Gender Agencies (MDAs, DLR of BMC for selected increased to 29.25% climate Value disaggregated 2.2) is about to be 18-Apr-2024 ten Ministries, 23-Oct-2024 of total actual public considerations budget summary is launched and should Departments and expenditure (in the through better produced. Average be completed by June Agencies (MDAs), relevant Fiscal Year performance of spending on the 2024; and (ii) capacity DLR 2.2 and 2.3 in which the DLR is BMCs (Text) Social Infrastructure building of BMCs and have been being assessed). Partially achieved for last two years is Budget Working completed and 28.87%. GroupBWGs) is in submitted to the progress and, overall, cabinet division for 12 internal trainings, verification. 12 15 workshops and internal trainings, three foreign trainings 15 workshops and have been arranged. three foreign Achievement of DLR trainings have been 2.4 and DLR 2.5 will arranged. Apr 12, 2025 Page 24 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) take at least one more Achievement of DLR year, as these DLRs are 2.4 and DLR 2.5 will respectively dependent take at least one on achievement of DLR more year, as these 2.2 and DLR 2.3. DLRs are respectively dependent on achievement of DLR 2.2 and DLR 2.3. Allocated 0.00 0.00 2,500,000.00 Amount DLI allocation 14,000,000.00 The two DLRs (DLR 3.1 The two DLRs (DLR and 3.2) have been 3.1 and 3.2) have Currently the fully achieved, verified been fully achieved, budget release and and disbursed. FD has verified and distribution to DDOs successfully de-linked disbursed. FD has takes around 2 the budget releases successfully de- months for the first 3:Reduced number from the fund linked the budget quarter. Budget of days for DDOs utilization report releases from the release from the to receive budget submission. Some of fund utilization Value MoF to line ministry 18-Apr-2024 23-Oct-2024 in selected MDAs the key achievements report submission. is no longer (Text) include: (i) 94.28 Some of the key required from this Achieved percent of DDOs have achievements year. Average had their budget include: (i) 94.28 budget release released and percent of DDOs -- delay for quarter 3 distributed against the have had their and 4 is 2.3 months targeted of 80 percent budget released and for health sector by July 31, 2023; and distributed against (ii) system-generated the targeted of 80 Apr 12, 2025 Page 25 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) report-producing tab percent by July 31, for DDO to ensure 2023; and (ii) effective tracking of system-generated fund release status of report-producing respective MDAs is in tab for DDO to progress. ensure effective tracking of fund release status of respective MDAs is in progress. Allocated 0.00 0.00 0.00 Amount DLI allocation 6,000,000.00 Out of four DLRs, two Out of four DLRs, DLRs (DLR 4.2 and 4.3) two DLRs (DLR 4.2 have been fully and 4.3) have been 4:Timely and achieved and fully achieved and reliable payments disbursed, and DLR 4.1 disbursed, and DLR is partially achieved 4.1 is partially DLR 4.4: The number of salaries and and disbursed (25 achieved and of Closed projects, vendor invoices EFT used for percent), and DLR 4.4 disbursed (62 Dormant and with a officers’ salaries Value is in progress. Some of 18-Apr-2024 percent), and DLR 23-Oct-2024 Inactive Bank strengthened TSA onlyNo online bills the key achievements 4.4 is in progress. accounts will be and automated submission include: (i) using the Some of the key determined and payment system newly developed achievements reduced by 50% (Text) online system, bank include: (i) using the Partially achieved account information newly developed has been entered for online system, bank 27,850 government account information offices (out of 106,444 has been entered Apr 12, 2025 Page 26 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) government offices), for 55,675 totaling 110,922 bank government offices accouts (DLR 4.1); and (out of 106,657 (iii) the bills for 98 government percent pay and offices), totaling allowances, 98 percent 137,546 bank pension payments and accounts (DLR 4.1); almost 80 percent and (iii) the bills for Social Safety Net 98 percent pay and payments are allowances, 98 submitted online and percent pension made through payments and Electronic Fund almost 80 percent Transfer (EFT, DLR 4.2 Social Safety Net and 4.3). payments are submitted online and made through Electronic Fund Transfer (EFT, DLR 4.2 and 4.3). Allocated 0.00 0.00 2,000,000.00 Amount DLI allocation 9,000,000.00 5:Improved Long process often Pension Service results in a All respective DLRs All respective DLRs (disaggregated by significant delay have been fully have been fully gender) through Value after retirement to 18-Apr-2024 23-Oct-2024 achieved and achieved and facilitation of prepare a Pension disbursed. disbursed. payments through Payment OrderAll EFT no later than pension and GP Apr 12, 2025 Page 27 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) the pension fund records are payment cycle manual and prone following to human errors retirement (Text) Allocated Achieved 0.00 0.00 0.00 Amount DLI allocation 10,000,000.00 Out of three DLRs, two DLRs (DLR 6.1 Out of three DLRs, two DLR 6.4: An - SOE debt and and 6.2) have been DLRs (DLR 6.1 and 6.2) integrated database contingent liabilities fully and DLR 6.3 have been fully and developed for 6:SOE and are not effectively has been partially DLR 6.3 has been SOEs/ABs with autonomous controlled- Partial achieved, verified partially achieved, financial and non- bodies’ debt and data of SOEs and disbursed. FD verified and disbursed. financial information contingent profitability conducted several FD conducted several and interfaced liabilities Value published in the rounds of focused rounds of focused through API statement annual Economic 18-Apr-2024 trainings for SOEs 23-Oct-2024 trainings for SOEs on (Application prepared and Survey of on disclosure of disclosure of Debt and Programming submitted to Bangladesh- Fiscal Debt and Contingent Liabilities Interface) with appropriate risk assessments Contingent (DCL) and pre-requisite iBAS++ with piloting authority (Text) have not been Liabilities (DCL) and information for SOE of at least two SOEs Partially achieved conducted pre-requisite database. and ABs information for SOE database. Allocated 0.00 0.00 3,000,000.00 Amount DLI allocation 10,000,000.00 7:Improved - SOEs are not Out of five DLRs, one Out of five DLRs, DLR 7.4: performance, Value classified as DLR (DLR 7.1) was 18-Apr-2024 two DLRs (DLR 7.1 23-Oct-2024 Performance reporting, and commercial and achieved, verified and and 7.3) were Improvement Apr 12, 2025 Page 28 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) public disclosure of non-commercial- disbursed, while the achieved, verified Strategies have been the SOEs/ABs There is some rest are in and disbursed, while developed for Under- (Text) performance progressDisbursements the rest are in performing SOEs/ABs Partially achieved monitoring of SOEs, for DLR 7.3 progress and 7.4 based on the but not systematic (independent (performance performance and independent- performance improvement evaluations Grants to SOEs are evaluation, has been strategy) are mentioned in DLR 7.3 not divided into submitted for IVA expected to take different categories verification) and 7.4 place by December - Partial data of (performance 31, 2024. In SOEs profitability improvement strategy) addition, DLR 7.2 on published in the are expected to take preparation of annual Economic place by June 30, 2024. property, plant and Survey of In addition, DLR 7.2 on equipment manual Bangladesh preparation of is expected to be property, plant and achieved by equipment manual is December 31, 2024, expected to be which will result in achieved by December disbursement of 31, 2024, which will US$1 million. The result in disbursement Mission of US$1 million. The recommends that a Mission recommends stakeholders’ that a stakeholders’ consultation consultation workshop workshop is is organized to organized to recognize well- recognize well- performing SOEs and performing SOEs prepare a and prepare a comprehensive comprehensive roadmap for the roadmap for the Apr 12, 2025 Page 29 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) implementation of implementation of PFM reform initiatives PFM reform included in the PFM initiatives included Action Plan. in the PFM Action Plan. Allocated 0.00 0.00 2,000,000.00 Amount DLI allocation 8,000,000.00 Out of six DLRs, four Out of six DLRs, five -The previous were fully achieved, were fully achieved, classification chart verified and disbursed verified and limits financial (DLR 8.1,8.2, 8.4 and disbursed (DLR 8.1, reporting and 8.6), one was partially 8.2, 8.4, 8.5 and analysis; and budget achieved and disbursed 8.6), one was controllers do not (DLR 8,5), and the last partially achieved use financial reports one (DLR 8.3) has been and disbursed (DLR 8:Budget holders effectively-As at submitted for the 8.3). Key DLR 8.6: 10 iBAS++ in MDAs effectively June 2018, the verification of partial achievements reports are and transparently monthly report (in achievement. Key include: (i) the developed and made Value pdf. format) on 18-Apr-2024 23-Oct-2024 use financial achievements include: backlog of finance available in iBAS++ information (Text) fiscal position (i) the backlog of accounts from FY17- system for budget available on FD Partially achieved finance accounts from 18 to FY20-21 has execution decisions website was for FY17-18 to FY20-21 has been cleared; (ii) December 2017 (six been cleared; (ii) audit audit of these months behind).- of these reports has reports has also Annual Accounts are also been completed; been completed; produced with a and (iii) International and (iii) significant delay and Public Sector International Public follow the old Accounting Standards Sector Accounting templates of finance (IPSAS)-compliant Standards (IPSAS)- Apr 12, 2025 Page 30 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) and appropriation finance and compliant finance acounts appropriation accounts and appropriation format (for Civil, accounts format (for Defense, Post, and Civil, Defense, Post, Railway) has already and Railway) has been developed. already been Finance Accounts of developed. Finance FY22-23 has been Accounts of FY22-23 submitted to the Office has been submitted of the Comptroller and to the Office of the Auditor General within Comptroller and the prescribed timeline Auditor General of six months from the within the year end using data prescribed timeline from iBAS++. of six months from the year end using data from iBAS++. Allocated 0.00 0.00 2,000,000.00 Amount DLI allocation 12,000,000.00 Two DLRs (DLR 9.1 and Two DLRs (DLR 9.1 DLR 9.4: The relevant 9:Action taken on -Internal audit units 9.2) have been and 9.2) have been Internal Audit internal and are not effective. - achieved, verified and achieved, verified Committees (IAC) of external audit Internal audit disbursed, while the and disbursed, while Ministries/ Divisions reports in Selected activities consist other two DLRs (DLR the other two DLRs prepares an action MDAs and post- Value 18-Apr-2024 23-Oct-2024 primarily of ex-post 9.3 and 9.4) are in (DLR 9.3 and 9.4) plan to resolve at procurement reviews focused on progress. Key are in progress. Key least 25% of:I. reviews in the financial achievements include: achievements Internal audit Finance Division compliance-Audit (i) preparation of include: (i) observations of the (Text) Model Internal Audit preparation of report of two Apr 12, 2025 Page 31 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) Partially achieved follow-up takes long Charter and Risk-based Model Internal selected time Internal Audit Manual; Audit Charter and departmentsand II. (ii) Department of Risk-based Internal Procurement post- Primary Education Audit Manual; (ii) review findings of (DPE) and Roads and Department of SPFMS program of Highways Department Primary Education Finance Division (RHD) have been (DPE) and Roads selected for internal and Highways audit execution and Department (RHD) reporting; (iii) the have been selected Program has for internal audit commenced the execution and recruitment process reporting; (iii) the for an audit firm which Program has will provide training to recruited audit firm these two departments to provide training on internal audit and to these two guide them in departments on conducting the first internal audit and round of internal audit; guide them in (iv) risk assessment of conducting the first remaining five round of internal departments to audit; (iv) risk execute Internal Audit assessment of Charter and Manual remaining five has been completed; departments to (v) annual execute Internal procurement plan Audit Charter and published; and (vi) Post Manual has been Procurement Review completed; (v) (PPR) of 2020-2021is annual procurement Apr 12, 2025 Page 32 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) completed and in the plan published; and process of approval. To (vi) Post achieve DLR 9.4, which Procurement is contingent on DLI Review (PPR) of 9.3, necessary steps 2020-2021is should be taken to completed and in establish the Internal the process of Audit Committees approval. To achieve (IACs) in respective DLR 9.4, which is MDA contingent on DLI 9.3, necessary steps should be taken to establish the Internal Audit Committees (IACs) in respective MDAs. Allocated 0.00 0.00 3,500,000.00 Amount DLI allocation 7,000,000.00 Out of six DLRs, three Out of six DLRs, four 10:PFM Action PFM reform were achieved, verified were achieved, DLR 10.6:At least 100 Plan implementation, and disbursed (DLR verified and civil servants (with implementation is monitoring, and 10.1, 10.4 and 10.4), disbursed (DLR 10.1, data disaggregated effectively led course-correction DLR 10.2 was fully 10.2,10.4 and 10.6), by gender) have through an Value are not adequately achieved and is 18-Apr-2024 DLR 10.3 and 10.5 23-Oct-2024 completed adequate coordinated, and a pending verification., were partially specialized PFM governance comprehensive while DLR 10.3 is in achieved and related structure and an change progress. PFM training disbursed PFM courses/certifications effective change management programs (i.e., on training programs IPSAS), in-country and (i.e., on IPSAS), in- Apr 12, 2025 Page 33 of 34 The World Bank Implementation Status & Results Report Bangladesh Strengthening PFM Program to Enable Service Delivery (P167491) management approach needs to online, have been country and online, approach (Text) be implemented completed and have been Partially achieved counted towards the completed and achievement of DLR counted towards 10.6. On DLR 10.5, WB the achievement of has already arranged DLR 10.6. On DLR the support from an 10.5, WB has international M&E already arranged consultantor the support from an development of a international M&E comprehensive M&E consultant for framework, to be development of a completed by end-June comprehensive 2024, with the first M&E framework SPFMS M&E report which has been expected to be completed. published by August 2024. Allocated 0.00 0.00 4,000,000.00 Amount DLI allocation 14,000,000.00 Apr 12, 2025 Page 34 of 34