The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Institutional Capacity Building Project (P168180) EUROPE AND CENTRAL ASIA | Uzbekistan | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 20-Oct-2019 | ISR38375 | Implementing Agencies: Ministry of Finance, Republic of Uzbekistan Key Dates Key Project Dates Bank Approval Date: 24-May-2019 Effectiveness Date: -- Planned Mid Term Review Date: -- Actual Mid-Term Review Date: Original Closing Date: 30-Nov-2024 Revised Closing Date: 30-Nov-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to strengthen public financial management and enable the market operation of the corporate sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Improving Public Financial Management:(Cost $10000000.00 M) Improving Conditions for Market Operation of the Corporate Sector:(Cost $16000000.00 M) Improving Support Mechanisms for Reforms:(Cost $5000000.00 M) Project Management:(Cost $2000000.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Moderately Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions The PIU has bee established and core staff is being appointed. 10/20/2019 Page 1 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial -- Substantial Macroeconomic Substantial -- Substantial Sector Strategies and Policies Substantial -- Substantial Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Sustainability High -- High Fiduciary Substantial -- Substantial Environment and Social Substantial -- Low Stakeholders High -- High Other Substantial -- Substantial Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Improved public financial management IN00738595 ►Budgeting processes, public internal control and audit, and public sector accounting standards reflect international good practices (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target PEFA indicators related to budget improved, internal Reforms under reforms under control and audit Value -- consideration consideration follows international good practices, accounting follows IPSAS Date 15-Mar-2019 -- 30-Sep-2019 31-Dec-2024 Comments: Measures evolution of improvements in the adoption of international good practices/standards Market Operation of the Corporate Sector IN00738593 ►Corporate governance of SOEs reflects OECD Corporate Governance Standards (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 10/20/2019 Page 2 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) SOE aggregate report Newly created agency Newly created agency for Top [30] produced Value -- (ASAM) with low with low capacity (ASAM) and published by SOE capacity ownership agency Date 15-Mar-2019 -- 30-Sep-2019 31-Dec-2024 This measures the gradual adoption by Government and SOEs of good corporate governance following Comments: applicable OECD guidelines. IN00738594 ►Number of SOEs privatized (more than 50% of shares divested) and number of infrastructure PPPs completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6.00 Date 15-Mar-2019 -- 30-Sep-2019 31-Dec-2024 Measures the number of SOEs privatized and PPPs developed under the project (e.g., feasibility study Comments: funded under the PPF). At minimum, two out of six in the end target number must be privatized. Intermediate Results Indicators by Components Improving Public Financial Management IN00738596 ►Improved public investment management (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Multiyear investment planning introduced in Reforms under Reforms under 50% of ministries and Value -- consideration consideration a sustainable training program and capacity established. Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Measures evolution of reforms in PIM IN00738599 ►Staff trained on all PFM areas (of which female) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 400 (of which 100% of potential female Value 0.00 -- 0.00 beneficiaries are included) Date 01-Sep-2018 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to number of staff of MoF and other relevant agencies trained on PFM international best practices IN00738605 ►Improved internal audit (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Gradual Reforms under Reforms under Value -- implementation of the consideration consideration new IA methodology 10/20/2019 Page 3 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) and new IA management software in 30% of line ministries. 20 trainers trained and training program developed Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Measures evolution of adoption of internal audit in line with international good practices IN00738606 ►Gradual enhancement of budget process (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Marked improvements 2018 PEFA Scores are D 2018 PEFA Scores are in PEFA Assessments for PI 8.1, 8.2, and 8.3; D for PI 8.1, 8.2, and Value -- - score of C for PI 8.1, PI 16.2 and 16.3; and PI 8.3; PI 16.2 and 16.3; 8.2 and 8.4; PI 16.2 17.2 and PI 17.2 and 16.3 and PI 17.2 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Measures evolution of improvements in budget processes. Specifically on PEFA Indicators related to performance plans for service delivery (PI 8.1), performance achieved for service delivery (PI 8.2), Comments: resources evaluation for services delivery (PI 8.4), medium-term expenditure ceilings (PI 16.2), alignment of strategic plans and medium term budgets (PI 16.3), and guidance on budget preparation (17.2). IN00738608 ►New public internal control framework implemented following international good practices (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Gradual roll-out of new PIC framework with 10% at the central Reforms under Reforms under level of government Value -- consideration consideration implementing. 50 trainers trained and training program developed. Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Evolution of the public internal control framework towards international good practices (that is adoption of Comments: risk-based approaches, practices endorsed by PEMPAL, and other bodies including the Insitute of Internal Auditors ) IN00738611 ►New public sector accounting and financial reporting standards implemented following international good practices (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Piloting completed. Applicable accounting and financial reporting standards and software updated Reforms under Reforms under based on lessons from Value -- consideration consideration pilot. Certification system for new standards initiated. 50 trainers trained and training program developed. Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 10/20/2019 Page 4 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Evolution of public sector accounting towards international good practices (that is the adoption of IPSAS Comments: based standards). Improving Conditions for Market Operation of the Corporate Sector IN00738597 ►Strategic mapping of existing SOEs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3,000.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of entities identified and categorized by ASAM. IN00738600 ►3 Core legislative acts reviewed and updated (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Outdated laws on Outdated laws on accounting, auditing Value accounting, auditing and -- Updated 3 core laws and corporate corporate governance governance Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Refers to the legislation update process with respect to laws on accounting, auditing, and corporate Comments: governance code. IN00738602 ►Percentage of SOEs using IFRS for financial reporting and publicly disclosing the reports (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 80.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of SOEs publishing their IFRS statements IN00738604 ►Largest SOEs follow high standards of transparency and are subject to the high quality accounting, disclosure, compliance and auditing standards, as per Chapter VI of the OECD Guidelines (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of SOEs publishing their financial statements. IN00738607 ►Boards are formed at largest 30 SOEs and given an authority and competencies for strategic guidance and monitoring of SOE management (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 10/20/2019 Page 5 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Comments: Refers to the number of the SOEs with functioning supervisory boards IN00738609 ►Number of SOE restructuring plans adopted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of SOE restructuring plans adopted with support under the project IN00738610 ►Number of SOEs privatization public calls announced (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to SOEs prepared for privatization under the project and with public calls announced IN00738612 ►Number of bids received per privatization transaction (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of bids received per privatization transaction supported under the project. IN00738613 ►New laws/regulations on PPP enacted and implemented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Reform options under Reform options under New laws on PPP Value -- discussion discussion under implementation Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: This measures the gradual implementation of new laws on PPP. IN00738614 ►Staff trained on corporate governance, privatization and PPP development (of which female) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 40.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Refers to number of staff trained on corporate governance, privatization and PPP development Comments: disaggregated by gender. IN00738615 ►Number of PPPs developed for the market (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 10/20/2019 Page 6 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Value 0.00 -- 0.00 5.00 Date 01-Sep-2018 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of PPPs developed for the market with support under project (i.e., under the PPF) IN00738616 ►Number of bids received per PPP transaction (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Refers to the number of bids received per PPP transaction IN00738617 ►3 monitoring tools adopted for SOE oversight and governance (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 3 tools adopted (SOE Weak monitoring of performance Weak monitoring of SOE SOE fin performance monitoring framework, fin performance and Value -- and corporate KPIs in line with good corporate governance governance practices, and SOE arrangements arrangements performance monitoring portal) Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 Comments: Monitoring tools for SOE oversight and governance in line with OECD principles Improving Support Mechanisms for Reforms IN00738601 ►No. of new laws and regulations reviewed by the Economic Council (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2023 Comments: Refers to the number of laws reviewed by the Economic Council IN00738603 ►Number of Advisory Notes Prepared by technical experts to support the work of the Council (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 15.00 Date 15-Mar-2019 -- 03-Oct-2019 01-Jan-2021 Refers to the number of outputs/technical advisory notes of technical experts in supporting the Economic Comments: Council 10/20/2019 Page 7 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Project Management IN00738598 ►Percentage of citizens (participating in thematic groups and/or providing through the MOF website) who report that the engagement process was effective (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 90.00 Date 15-Mar-2019 -- 03-Oct-2019 31-Dec-2024 This indicator will measure the perception of citizen representatives in the thematic groups with respect to Comments: the effectiveness of the citizen engagement approach under the project. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P168180 IDA-64310 USD 33.00 33.00 0.00 0.00 33.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P168180 IDA-64310 24-May-2019 -- -- 30-Nov-2024 30-Nov-2024 Effective Cumulative Disbursements 10/20/2019 Page 8 of 9 The World Bank Implementation Status & Results Report Institutional Capacity Building Project (P168180) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/20/2019 Page 9 of 9