Financial Management Information Systems
15
Table 2.1. Funding and ICT Costs of FMIS Projects Completed Treasury/FMIS Projects (55) Estimated ($ M)
Actual ($ M)
%
Project cost
1,363
1,399
103%
Actual/Estimated
WB funding
1,102
1,056
75%
WB funds/Prj cost
Total ICT spending
612
44%
Total ICT/Prj cost
Total T/F ICT systems
324
23%
T/F ICT/Prj cost
Completed + Active Treasury/FMIS Projects (87) Estimated ($ M)
Actual ($ M)
%
Project cost
3,419
3,596
105%
WB funding
2,267
Total ICT spending
Actual/Estimated
1,426
40%
WB funds/Prj cost
1,794
50%
Total ICT/Prj cost
938
26%
T/F ICT/Prj cost
Total T/F ICT systems
Note: Above figures include ECA RF TDP funding/costs as well.
noted that the total ICT spending includes both the WB funding and the government/ other contributions for the implementation of all ICT solutions in the project (including FMIS and other activities). However, total T/F ICT systems cost is the spending on FMIS solutions only. Major FMIS ICT investments are mainly funded by the Bank and the procurement of all goods and services is performed according to World Bank procurement guidelines. Disaggregated by region, the pa ern is slightly dierent for completed projects (Table 2.2). The ECA and SAR regions spent more than 40% of the total project cost for FMIS ICT solutions, whereas LCR, AFR, and EAP spent between 14–22%. On average, total spending on FMIS ICT solutions ($324.4m) was less than 25% of the total project budget in most projects. Overall ICT spending ($612.4m), which include FMIS solutions and other project ICT needs, goes up to 45% of the total project cost. This indicates that a substantial amount of total project budget (more than 55%) is used to fund PFM reform related
Table 2.2. Regional Distribution of Completed FMIS Project Funding and ICT Costs Total vs. ICT Cost of Completed Treasury/FMIS Projects (55) Region
# Prj
Prj Total ($ M)
WB Disb ($ M)
ICT Cost ($ M)
T/F ICT ($ M)
% T/F
AFR
13
384.2
305.2
128.3
52.6
14%
EAP
3
105.8
71.6
66.7
16.3
15%
ECA
7
160.8
107.4
125.4
70.0
44%
LCR
25
595.6
441.8
222.9
131.3
22%
MNA
2
51.0
37.5
20.8
12.6
25%
SAR
5
101.4
92.5
48.4
41.6
41%
Totals
55
1,398.7
1,056.0
612.4
324.4
23%