The World Bank Report No: ISR5281 Implementation Status & Results Liberia Economic Governance & Institutional Reform (P107248) Public Disclosure Copy Operation Name: Economic Governance & Institutional Reform (P107248) Project Stage: Implementation Seq.No: 7 Status: ARCHIVED Archive Date: 01-Aug-2011 Country: Liberia Approval FY: 2008 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Emergency Recovery Loan Implementing Agency(ies): PFMU Key Dates Board Approval Date 13-May-2008 Original Closing Date 31-Aug-2011 Planned Mid Term Review Date 15-Oct-2012 Last Archived ISR Date 01-Aug-2011 Effectiveness Date 23-Jun-2008 Revised Closing Date 31-Dec-2013 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to improve the efficiency and transparency in managing public financial and human resources, focusing on revenue administration, public procurement, budget execution and payroll management. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Strengthening public financial management 8.48 Supporting Civil Service Reform 2.20 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status Overview Achievement of the project development objective (PDO) under the original EGIRP remains moderately satisfactory. Progress in achieving the PDO during this period has been limited, which is mainly attributable to slow implementation of activities under several components. Overall implementation progress continues to be moderately satisfactory despite slow progress. During this period, progress has been made in implementing some activities under Component 1.3 (Institutional Strengthening for PPCC) and Component 2.2 (Rehabilitating and Strengthening LIPA). Financial management continues to be satisfactory. At end- September, total commitment and disbursement stood at US$10.4 million (95 percent of total grant) and outstanding commitments at US$2.4 million. Procurement management is Page 1 of 5 The World Bank Report No: ISR5281 considered to be moderately satisfactory due to long delays in processing procurement transactions, including the recruitment of a Procurement Specialist (PS) to replace the one who resigned early May 2011. Overall project management is considered moderately unsatisfactory as key project personnel (procurement specialist and project coordinator) are being recruited. Public Disclosure Copy Locations Country First Administrative Division Location Planned Actual Liberia Montserrado County Monrovia Liberia Not Entered Republic of Liberia Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Average difference between budget out-turn Text Value 21 percent 9 percent 8 percent and legislated budget allocation for each Ministry. Date 09-Jul-2007 30-Jun-2011 03-Dec-2011 Comments FY2010/11 Revenue administration cost as a percentage Text Value No reliable data 1 percent of total revenue less than 5 percent of revenue excluding grant Date 07-Dec-2007 30-Jan-2010 03-Dec-2011 Comments Total revenue include one time payment by concession companies and does not imply that tax administration cost is low as of 3rd quarter Percentage of public procurement that used Text Value No reliable data 82% of 4th quarter Less than 30 percent direct contracting and other less competitive procurement value methods without proper justification Date 09-Jul-2007 30-Jun-2010 03-Dec-2011 Comments The data is not reliable but Public Disclosure Copy the trend indicates a reduction in non-competitive procurement methods both in value and number of contracts Intermediate Results Indicators Page 2 of 5 The World Bank Report No: ISR5281 Indicator Name Core Unit of Measure Baseline Current End Target The percentage of the vouchers that MOF can Text Value 60 percent 95.7 85 percent approve upon receipt. Date 09-Aug-2007 30-Sep-2010 03-Dec-2011 Public Disclosure Copy Comments Adherence to the Extractive Industries Text Value No audit report published Achieve EITI compliant status Transparency Initiative. LEITI has audited and published revenue from Extractive Industries in Date 10-Dec-2007 08-Dec-2009 03-Dec-2011 FY 2008/09. Comments Liberia is the first African Country to reach EITI compliance status Improve transparency by reducing delays in Number Value 12.00 6.00 4.00 posting of quarterly expenditure Sub Type Date Supplemental Comments Prepare legislative report on annual financial Text Value Not issue to date 9 months statement of government account Sub Type Date Supplemental Comments Percentage of collected revenue captured in Text Value 0 20 50 the Integrated Tax Administration System (ITAS) Sub Type Date Supplemental Comments At least two reports of payments to and Text Value No reports published Second report published revenue received by the governmetn for extractive industries (mining and minerals) are Sub Type Date published within the project Supplemental Comments Percentage of vouchers that MOF can approve Percentage Value 85.00 upon receipt: Date Public Disclosure Copy Comments Reducing delays in posting of quarterly Text Value more than 45 days within 45 days for the last expenditure reports. quarterly report Sub Type Date Supplemental Comments Page 3 of 5 The World Bank Report No: ISR5281 Indicator Name Core Unit of Measure Baseline Current End Target 1.5. At least two reports of payments to Text Value none 2 reports and revenues received by the government for Date 01-Jan-2009 07-Dec-2011 Public Disclosure Copy extractive industries (mining and minerals) are published within the project period: Comments 3rd report will be published in December 2011. Number of civiil servants registered in Number Value 0.00 26000.00 Biometric Date 31-May-2009 30-Nov-2011 Comments Data on Financial Performance (as of 18-Nov-2011) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P107248 IDA-49070 Effective 07-Apr-2011 04-May-2011 26-Oct-2011 31-Dec-2013 P107248 IDA-H3850 Closed 13-May-2008 29-May-2008 23-Jun-2008 31-Aug-2011 P107248 TF-99092 Effective 15-Jun-2011 15-Jun-2011 13-Jul-2011 06-Sep-2012 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P107248 IDA-49070 Effective USD 7.00 7.00 0.00 0.00 7.03 0.00 P107248 IDA-H3850 Closed USD 11.00 11.00 0.00 9.33 1.13 85.00 P107248 TF-99092 Effective USD 0.40 0.40 0.00 0.00 0.40 0.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR5281 Public Disclosure Copy Key Decisions Regarding Implementation The ISR will be disclosed to public. Restructuring History There has been no restructuring to date. Related Projects P124643-Economic Governance & Institutional Reform-Additional Financing Public Disclosure Copy Page 5 of 5