World Bank Document

Managing Program Implementation 

 

70. 

During the previous CPS, the WBG intensified efforts to improve country portfolio 

performance, which is characterized by delays in project effectiveness, protracted 

procurement, and weak implementation capacity. These efforts included: signing a Framework 

Memorandum of Understanding with the Government,

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 resumption of monthly portfolio review 

meetings with the Ministry of Economy, reinforcement of the early warning mechanism for mis-

procurement, and quarterly disbursement forecasts. Technical assistance is also being provided to 

strengthen implementing agencies’ capacity in procurement, financial management, monitoring 

and evaluation, and safeguards. Implementation support is also being strengthened by expanding 

the presence of senior procurement, financial management, and global practice staff in the country 

office. 

 

71. 

With the proposed significant increase in lending, portfolio management and 

monitoring efforts will be further intensified and complemented with additional tools. In 

addition to the above-listed measures, annual disbursement targets at the country portfolio level 

will be established and serve as a measure of performance to assess  appropriate  lending volumes 

planned for the following fiscal year.

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 Building upon positive trends emerging from the 

implementation of the Framework MOU under the previous CPS, the WBG and government have 

expanded it to cover the new CPF period and address major portfolio bottlenecks.