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Lesson

A lack of assessment and monitoring of contingent liabilities causing fiscal risk and limited coverage of public financial management affecting expenditure and fiscal consolidation was an additional risk identified for subprograms 2 and 3.

Project Number: 48044-001, 48044-004, 48044-005

Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program

Report Date: 03 Dec 2018

Lesson

The DMF was reasonably well-designed and the performance indicators—with the exception of the initial program impact indicators—targets, and baseline data were precise and generally easily measurable. However, the PCR assessed the program against the DMF prepared for subprogram 3, which, like subprogram 2 had no indicators to measure impact, although these were included for subprogram 1.

Project Number: 48044-001, 48044-004, 48044-005

Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program

Report Date: 03 Dec 2018

Lesson

Continuing TA support is required to ensure the sustainability of the program, especially to enhance domestic savings (output 3), and the increased mobilization of private resources focused on mobilizing private savings (output 4). Private savings through pensions and a more developed capital market will mobilize long-term finance. These reforms, however, are long-term in nature involving legislative changes and institutional strengthening.

Project Number: 48044-001, 48044-004, 48044-005

Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program

Report Date: 03 Dec 2018

Lesson

Actions related to information technology (IT) require attention during both planning and implementation.

Project Number: 46371-002