additional administrative support and equipment as necessary. The fiduciary unit would have close working relationships with the Financial Affairs Directorate (DAF) of MEN. Administrative and financial arrangements will be detailed in the project implementation manual, which will be prepared prior to effectiveness. In some cases, such as school construction, a separate implementation manual would also be prepared prior to effectiveness. All manuals will be submitted to IDA for review and approval. More detail on the implementation arrangements is presented in Annex 7. Table 1: Project Financing by Component Project Components Project cost GPE % (US$ million) Financing Financing (US$ million) 1. Restoring and increasing access to basic education 18.1 18.1 100 services 2. Rehabilitating and improving the quality of 10.2 10.2 100 teaching and learning 3. Restoring and strengthening institutional capacity to 8.3 8.3 100 deliver quality basic education Total Baseline Costs 36.6 36.6 Physical contingencies 2.6 2.6 Price contingencies 2.2 2.2 Total Project Cost 41.4 41.4 Interest During Implementation Front-End Fees Total Financing Required 41.4 41.4 100 Financial Management and Disbursement Arrangements Financial Management The project fiduciary unit to be set up within the PIU (under the responsibility of the Coordinator and in close collaboration with the will be responsible for overall coordination DAF) and consolidation of financial management and disbursement information. The main financial management risks are expected to be substantial because of the country post crisis context where the deterioration of governance/transparency has impacted controls, budget execution, and disbursement of projects. In addition, neither the Task Force nor the DAF has managed a Bank project before. Although the project implementation unit is not yet established due to country circumstances, the government has started preparatory activities (terms of reference, technical specifications etc.) with the support of the and the PASEF availability of the retroactive financing option to launch the recruitment process as soon as the GPEF Board approves the project. However, the risks associated with not being able to carry out a FM assessment will be mitigated by enhancing the control environment through the: (i)
additional administrative support and equipment as necessary. The fiduciary unit would have close working relationships with the Financial Affairs Directorate (DAF) of MEN. Administrative and financial arrangements will be detailed in the project implementation manual, which will be prepared prior to effectiveness. In some cases, such as school construction, a separate implementation manual would also be prepared prior to effectiveness. All manuals will be submitted to IDA for review and approval. More detail on the implementation arrangements is presented in Annex 7. Table 1: Project Financing by Component Project Components Project cost (US$ million) GPE Financing (US$ million) % Financing 1. Restoring and increasing access to basic education services 2. Rehabilitating and improving the quality of teaching and learning 3. Restoring and strengthening institutional capacity to deliver quality basic education Total Baseline Costs Physical contingencies Price contingencies Total Project Cost Interest During Implementation Front-End Fees Total Financing Required 18.1 10.2 8.3 36.6 2.6 2.2 41.4 41.4 18.1 10.2 8.3 36.6 2.6 2.2 41.4 41.4 100 100 100 100 Financial Management and Disbursement Arrangements Financial Management The project fiduciary unit to be set up within the PIU (under the responsibility of the Coordinator and in close collaboration with the DAF) will be responsible for overall coordination and consolidation of financial management and disbursement information. The main financial management risks are expected to be substantial because of the country post crisis context where the deterioration of governance/transparency has impacted controls, budget execution, and disbursement of projects. In addition, neither the Task Force nor the DAF has managed a Bank project before. Although the project implementation unit is not yet established due to country circumstances, the government has started preparatory activities (terms of reference, technical specifications etc.) with the support of the PASEF and the availability of the retroactive financing option to launch the recruitment process as soon as the GPEF Board approves the project. However, the risks associated with not being able to carry out a FM assessment will be mitigated by enhancing the control environment through the: (i)
635470PJPR0P110C0disclosed04050120.docx