according to this instruction that aims to use the part of the financial management Government’s (FM) system. Risk Assessment and Mitigation Measures The proposed FM arrangements were designed to ensure that funds are used for the purposes intended, information is produced on a timely basis for project management and government oversight, and the project is in compliance with Bank fiduciary requirements. The main risks and mitigating measures of this project are listed in the ORAF table in Annex 4. In view of the general country financial management issues and the issues peculiar to the PIU and the mitigation measures provided, the overall financial management risk rating for this project is Substantial Strengths The financial management arrangements would be built on the experience gained from implementing other IDA operations in Côte and strengthened by putting in place d’Ivoire experienced staff familiar with donor financed project implementation. Table 3: Fiduciary Risk Mitigation Arrangements No. Activity/Action Target Responsibility Completion The Project Implementation Unit has By effectiveness Coordinator STF been duly established and the key staff /DAF recruited, including: Recruit an experienced Financial Management Expert; Recruit an internal auditor; and Recruit a Procurement Expert. 2 The Project Implementation Manual has By effectiveness Coordinator STF been duly approved by the World Bank /DAF and adopted by the Recipient. 3 A computerized and integrated financial By effectiveness Coordinator STF and accounting management system /DAF satisfactory to the World Bank has been duly installed within the Project Implementation Unit. Governance and anticorruption considerations The country political situation has weakened the governance and corruption environment. In the context of the project, the effective implementation of the fiduciary mitigation measures
according to this instruction that aims to use the part of the Government’s financial management (FM) system. Risk Assessment and Mitigation Measures The proposed FM arrangements were designed to ensure that funds are used for the purposes intended, information is produced on a timely basis for project management and government oversight, and the project is in compliance with Bank fiduciary requirements. The main risks and mitigating measures of this project are listed in the ORAF table in Annex 4. In view of the general country financial management issues and the issues peculiar to the PIU and the mitigation measures provided, the overall financial management risk rating for this project is Substantial Strengths The financial management arrangements would be built on the experience gained from implementing other IDA operations in Côte d’Ivoire and strengthened by putting in place experienced staff familiar with donor financed project implementation. Table 3: Fiduciary Risk Mitigation Arrangements No. Activity/Action Target Completion Responsibility The Project Implementation Unit has been duly established and the key staff recruited, including: Recruit an experienced Financial Management Expert; Recruit an internal auditor; and Recruit a Procurement Expert. By effectiveness Coordinator STF /DAF 2 The Project Implementation Manual has been duly approved by the World Bank and adopted by the Recipient. By effectiveness Coordinator STF /DAF 3 A computerized and integrated financial and accounting management system satisfactory to the World Bank has been duly installed within the Project Implementation Unit. By effectiveness Coordinator STF /DAF Governance and anticorruption considerations The country political situation has weakened the governance and corruption environment. In the context of the project, the effective implementation of the fiduciary mitigation measures
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