The general objective of this operation is to contribute to growth and private sector employment in the provinces by improving the management of revenue, expenditure, and public investment, and by implementing investment projects. The interaction between strengthening actions and public investment projects will help to: (i) create incentives for improving fiscal management by linking it with project financing; and (ii) ensure that improvements in the management of provincial investment are implemented. The operation's specific objectives at the provincial level are to: (i) increase provincial revenue, with a focus on the real estate tax; (ii) improve the management and targeting of provincial public expenditure; (iii) strengthen investment management; (iv) finance investment projects in strategic sectors, increasing private sector employment; and (v) provide support in the design of fiscal federalism reforms.
|Sector||REFORM / MODERNIZATION OF THE STATE|
|Subsector||REFORM / MODERNIZATION OF THE STATE-DECENTRALIZATION & INTERGOVERNMENTAL RELATIONS|
|Project Type||Loan Operation|
|Environmental and Social Impact Category||Uncategorized|
|Approval Date||DEC 5, 2016|
|Contract Signature Date||FEB 22, 2017|
|IDB Financing *||120.00|
|Total Cost H||USD 141,200,000|
|Country Counterpart Financing||USD 21,200,000|
|Reporting currency||USD - United States Dollar|
|Reporting Date||NOV 30, 2017|
|Undisbursed Amount H||USD 114,500,000|
|Disbursed to Date R||USD 5,500,000|
|Amount Outstanding R||USD 5,500,000|
|Income Collected R||USD 210,158|
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