Private Sector Development Project

Considering the broad scope of the project and the capacity constraints of the Ministry of Finance and Treasury and the implementing agencies, implementation might have benefitted from more extensive monitoring and more frequent reviews, as well as the establishment of a project performance and monitoring system. By the time of the midterm review - 17 months behind schedule, in March 2012 - only 75% of contract awards were complete and disbursements stood at only 54%.