Banking, Finance, Insurance and Securities (BFIS) Services Education and Training

Somalia Enhancing Public Tender

πŸ›οΈ FEDERAL REPUBLIC OF SOMALIA
πŸ“„ Tender ID: 511745349 πŸ“… Published: 11 Dec 2024

πŸ“‹ Tender Overview

Project ID
P177298

Status
Active

Team Leader
May Olalia , Vikram Menon, Alma Nurshaikhova

Borrower 2
Federal Republic of Somalia

Country
Somalia

Approval Date
(as of board presentation)

December 14, 2022

Total Project Cost 1
US$ 75.00 million

Implementing Agency
Ministry of Finance, Somaliland,Federal Ministry of Finance, Somalia

Region
Eastern And Southern Africa

Fiscal Year 3
2023

Commitment Amount
US$ 75.00 million

Environmental Category
N/A

Last Update Date
February 9, 2024

Closing Date
December 31, 2027

Consultant Services required
Yes

Last Stage Reached
BANK APPROVED
Abstract*
The development objective of the Enhancing Public Resource Management Project for Somalia is to strengthen accountability, transparency, and institutional capacity in public resource management, across participating entities. The project comprises of five components. The first component, public financial management (PFM) objective is to strengthen budget preparation, execution, and oversight for Federal Government of Somalia (FGS), Federal Member States (FMSs), and Somaliland (SL). It consists of following sub-components: (i) support essential budget execution functions; (ii) strengthen PFM in the health and education sectors; (iii) facilitate the harmonization of PFM systems between FGS and FMSs; (iv) improve budget preparation and transparency; and (v) strengthen climate-informed public investment management. The second component, domestic revenue mobilization (DRM) objective is to support the DRM priorities of FGS, FMSs, and SL to strengthen their inland revenue systems and capacity and contribute to harmonizing tax administration in FGS and FMSs. It consists of following sub-components: (i) improve tax policy capacity; and (ii) improve and harmonize inland revenue and selected customs administration systems and capacity. The third component, public sector management (PSM) objective is to support the enhancement of systems, staff skills, and effectiveness of civil service management to improve government capacity to deliver services to citizens. It consists of following sub-components: (i) strengthening the capacity of central and line Ministries, Departments, and Agencies (MDAs); and (ii) implement civil service management systems and policies, pay and grading, and pension. The fourth component, integrated governance support outlines the way in which PFM, DRM and PSM come together to support financial governance reforms and change management to guide the process. It consists of following sub-components: (i) interconnectivity of public finance and human resource (HR) systems; (ii) HR management in PFM and DRM; and (iii) change management to support DRM and PFM systems and civil service reform. The fifth component, project management, coordination, and support in delivery will support the management, coordination, and monitoring and evaluation (M and E) of project activities. It consists of following

πŸ” Key Information

πŸ“„
Tender Reference No.
511745349
πŸ“…
Publication Date
11 Dec 2024
πŸ’°
Estimated Value
USD 75000000
🌐
Sector
Banking, Finance, Insurance and Securities (BFIS)
πŸ“…
Deadline
31 Dec 2027
πŸ“
Notice Type
Projects
πŸ“
Location
Somalia
πŸ“‘
Contract Duration
3 Years 20 Days

πŸ“ Documents & Downloads

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πŸ•’ Submission deadline
424
days remaining Β· 31 Dec 2027
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🧭 Quick Facts

Authority FEDERAL REPUBLIC OF SOMALIA
Country Somalia
State / UT N/A
Tender Type Project Information
Currency USD
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