Publication:
Republic of Bulgaria : Institutional Fiduciary Assessment (IFA) of Road Executive Agency

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-18T16:06:48Z
dc.date.available2012-06-18T16:06:48Z
dc.date.issued2006-07
dc.description.abstractThis Institutional Fiduciary Assessment (IFA) of the Road Executive Agency (REA) was commissioned by the World Bank (WB) country and infrastructure sector management in connection with the government's request to provide the World Bank financing for a new Road Infrastructure Project (project). The IFA was used as a tool to assess the performance of the REA in regard to the financial management and procurement systems in order identify the areas in REA's public finance management that can be further strengthened to improve utilization of public funds irrespective of the source of financing. The Government wants to improve the condition of class two and three roads so as to enhance the population's access to markets and enterprises in small towns and rural areas and enhance business opportunities in rural areas expected after the EU accession. Second, REA wants to improve its road management system in order to be able to prepare multiyear road maintenance programs under a constrained budget environment. Third, the Government wants REA to strengthen its technical and managerial capacity to efficiently implement ongoing and future road projects, especially those to be partly financed with EU grants. This section presents a summary table of fiduciary issues and risks attached to the financial management and procurement arrangements in connection with REA's re-organization into an extra-budgetary fund responsible for the national road network, including new construction and maintenance. The list of issues identified by the World Bank fiduciary team during field work from May to early June 2006 is by no means considered exhaustive. The team was not provided full access to all the required information and documents, thus, only enabling the team to assess REA's internal control framework at a very general level without the possibility of checking the application of the control in practice. Therefore, the IFA report presents only limited observations, findings and recommendations based on interviews and meetings both at REA and other relevant institutions listed. The report does not provide a detailed action plan but identifies the areas to be looked at more closely, including with the help of additional technical assistance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/07/16366529/republic-bulgaria-institutional-fiduciary-assessment-ifa-road-executive-agency
dc.identifier.doi10.1596/8278
dc.identifier.urihttps://hdl.handle.net/10986/8278
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCESSION PROCESS
dc.subjectACCOUNT
dc.subjectACCOUNTANT
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING RULES
dc.subjectACCOUNTING SOFTWARE
dc.subjectACCRUALS
dc.subjectADMINISTRATIVE COURT
dc.subjectADVERTISEMENTS
dc.subjectALLOCATION OF FUNDS
dc.subjectAPPLICABLE LAWS
dc.subjectARBITRATION
dc.subjectASSET MANAGEMENT
dc.subjectAUDIT DEPARTMENTS
dc.subjectAUDIT FUNCTION
dc.subjectAUDIT OFFICE
dc.subjectAUDIT REPORTS
dc.subjectAUDITING
dc.subjectAUDITS
dc.subjectAWARD DECISION
dc.subjectAWARD OF CONTRACTS
dc.subjectBALANCE SHEET
dc.subjectBANK FINANCING
dc.subjectBENEFICIARY
dc.subjectBID
dc.subjectBID SECURITY
dc.subjectBID SUBMISSION DEADLINE
dc.subjectBIDDER
dc.subjectBIDS
dc.subjectBILLS
dc.subjectBUDGET ALLOCATION
dc.subjectBUDGET ALLOCATIONS
dc.subjectBUDGET APPROVAL
dc.subjectBUDGET CLASSIFICATION
dc.subjectBUDGET MANAGEMENT
dc.subjectBUDGET PROCESS
dc.subjectBUDGET REVISIONS
dc.subjectBUDGETARY FUNDS
dc.subjectBUDGETARY SPENDING
dc.subjectBUDGETING
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectBUSINESS PROCESSES
dc.subjectCAPITAL INVESTMENTS
dc.subjectCASH FLOW
dc.subjectCASH MANAGEMENT
dc.subjectCASH TRANSACTIONS
dc.subjectCERTIFICATION
dc.subjectCHECKLIST
dc.subjectCHECKS
dc.subjectCIVIL WORKS
dc.subjectCLAIM
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSULTING CONTRACTS
dc.subjectCONSULTING FIRM
dc.subjectCONSULTING FIRMS
dc.subjectCONSULTING SERVICES
dc.subjectCONTRACT ADMINISTRATION
dc.subjectCONTRACT AWARD
dc.subjectCONTRACT AWARD PROCESS
dc.subjectCONTRACT AWARDS
dc.subjectCONTRACT DURATION
dc.subjectCONTRACT MANAGEMENT
dc.subjectCONTRACT MONITORING SYSTEMS
dc.subjectCONTRACT OPPORTUNITIES
dc.subjectCONTRACT VALUE
dc.subjectCONTRACTING AUTHORITY
dc.subjectCONTRACTOR
dc.subjectCONTRACTORS
dc.subjectCONTROL FRAMEWORK
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST ESTIMATES
dc.subjectCOST OVERRUNS
dc.subjectCOUNCIL OF MINISTERS
dc.subjectCOUNTRY PROCUREMENT ASSESSMENT
dc.subjectCOURT OF ACCOUNTS
dc.subjectCURRENCY
dc.subjectDEADLINE FOR SUBMISSION
dc.subjectDECENTRALIZATION
dc.subjectDEPENDENT
dc.subjectDEPRECIATION
dc.subjectDISBURSEMENT
dc.subjectDOCUMENTS FOR WORKS
dc.subjectEMERGENCY FUNDS
dc.subjectEQUIPMENT
dc.subjectEVALUATION COMMITTEE
dc.subjectEVALUATION CRITERIA
dc.subjectEVALUATION PROCESS
dc.subjectEVALUATION REPORT
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE CATEGORIES
dc.subjectEXPENDITURES
dc.subjectEXTERNAL AUDIT
dc.subjectEXTERNAL BORROWING
dc.subjectEXTRA BUDGETARY FUNDS
dc.subjectFIDUCIARY RESPONSIBILITIES
dc.subjectFINANCES
dc.subjectFINANCIAL INDICATORS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MANAGEMENT REQUIREMENTS
dc.subjectFINANCIAL MANAGEMENT SPECIALIST
dc.subjectFINANCIAL MANAGEMENT SYSTEM
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTS
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCING REQUIREMENTS
dc.subjectFIXED ASSET
dc.subjectFIXED ASSETS
dc.subjectFOREIGN BIDDERS
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN CONTRACTORS
dc.subjectFOREIGN FUNDS
dc.subjectFOREIGN LOANS
dc.subjectFRAUD
dc.subjectGOOD PRACTICE
dc.subjectGOVERNMENT AGENCY
dc.subjectGOVERNMENT BUDGET
dc.subjectHUMAN RESOURCES
dc.subjectINFLATION
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION SYSTEMS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDIT FUNCTION
dc.subjectINTERNAL AUDITORS
dc.subjectINTERNAL CONTROL SYSTEMS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL FUNDS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTMENT FUND
dc.subjectINVESTMENT PROJECTS
dc.subjectLEGAL REQUIREMENTS
dc.subjectLIABILITY
dc.subjectLIQUIDITIES
dc.subjectLOAN
dc.subjectLOCAL CONSULTANTS
dc.subjectMANDATE
dc.subjectMINISTRY OF FINANCE
dc.subjectMINISTRY OF TRANSPORT
dc.subjectMUNICIPAL BUDGETS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL PROCUREMENT
dc.subjectNATIONAL PROCUREMENT LAW
dc.subjectOPEN TENDERS
dc.subjectOVERHEAD
dc.subjectOVERHEAD COSTS
dc.subjectPAYMENT ORDERS
dc.subjectPRICE ADJUSTMENT
dc.subjectPRIVATIZATION
dc.subjectPROCUREMENT
dc.subjectPROCUREMENT ACTIONS
dc.subjectPROCUREMENT ARRANGEMENTS
dc.subjectPROCUREMENT CONTRACTS
dc.subjectPROCUREMENT DOCUMENTATION
dc.subjectPROCUREMENT FILES
dc.subjectPROCUREMENT FUNCTION
dc.subjectPROCUREMENT PRACTICES
dc.subjectPROCUREMENT PROCEDURES
dc.subjectPROCUREMENT RECORDS
dc.subjectPROCUREMENT RULES
dc.subjectPROCUREMENT SPECIALIST
dc.subjectPROCUREMENT STAFF
dc.subjectPROCUREMENT SYSTEMS
dc.subjectPUBLIC
dc.subjectPUBLIC BUDGET
dc.subjectPUBLIC DISCLOSURE
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INFORMATION
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC PROCUREMENT LAW
dc.subjectPUBLIC PROCUREMENT PROCEDURES
dc.subjectPUBLIC PROCUREMENT SYSTEM
dc.subjectPUBLIC WORKS
dc.subjectQUALIFICATION REQUIREMENTS
dc.subjectQUALIFIED FIRMS
dc.subjectQUALIFIED STAFF
dc.subjectQUALITY CONTROL
dc.subjectREGISTRY OFFICE
dc.subjectRESTRICTED PROCEDURE
dc.subjectRULES OF PROCEDURE
dc.subjectRULES OF PROCEDURES
dc.subjectSCOPE OF WORK
dc.subjectSECRETS
dc.subjectSECURITIES
dc.subjectSTANDARD BIDDING
dc.subjectSTANDARD BIDDING DOCUMENTS
dc.subjectTECHNICAL SPECIFICATIONS
dc.subjectTENDER DOCUMENTS
dc.subjectTENDER PROCESS
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREATIES
dc.subjectTURNOVER
dc.subjectUSER CHARGES
dc.subjectWINNING BIDDER
dc.titleRepublic of Bulgaria : Institutional Fiduciary Assessment (IFA) of Road Executive Agencyen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2012-06-12
okr.date.doiregistration2025-05-07T12:27:52.752091Z
okr.doctypeEconomic & Sector Work::Other Public Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2006/07/16366529/republic-bulgaria-institutional-fiduciary-assessment-ifa-road-executive-agency
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid986591468006616401
okr.guid204091468239102664
okr.identifier.externaldocumentum000333038_20120613015348
okr.identifier.internaldocumentum16366529
okr.identifier.report69550
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/13/000333038_20120613015348/Rendered/PDF/695500ESW0P0980ed0sept020060english.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.sectorTransportation
okr.sectorPublic Administration, Law, and Justice
okr.themePublic expenditure, financial management and procurement
okr.themePublic sector governance
okr.topicPrivate Sector Development::Business Environment
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Business in Development
okr.topicInternational Economics and Trade::Government Procurement
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicPublic Sector Development
okr.unitOperational Services and Quality (ECSOQ)
okr.volume1 of 1
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