World Bank2012-06-112012-06-112007-06https://hdl.handle.net/10986/7729This Integrated Fiduciary Assessment is the first of its kind for Sao Tome and Principe. It combines the analysis and policy recommendations from a public expenditure review (PER), a country financial accountability assessment (CFAA), and a country procurement assessment review (CPAR). The goal of the report is to identify the major challenges facing the country in the prepetroleum era (the next three to five years) in public finance management (including public enterprises) as it attempts to implement its National Poverty Reduction Strategy (NPRS) with a tight resource envelope. This executive summary presents recent economic developments and fiscal sustainability analysis that takes into account petroleum and no-petroleum scenarios, with corresponding analysis on which of the Millennium Development Goals (MDGs) are reachable. The summary reports on revenue and expenditure performance since 2000-01, issues related to the implementation of the public investment program (PIP) and its coordination with the NPRS, and the budget process, including findings from the Health PER, which highlights a lack of allocative efficiency. The summary reports on the financial fragility of state-owned enterprises (SOEs) and the possible fiscal consequences for the central budget, especially regarding the implicit subsidies and tax breaks to (and the hypothetical tariff increases of) the electricity and water company. The summary of reports on the status of the public finance management system (budget preparation, execution, control, governance, and human resources) and the reform process that may address many of the concerns it rises. Finally, the summary presents the findings related to the procurement process, including the legislative and regulatory framework, institutional framework and management capacity, procurement operations and market practices, and integrity and transparency of the system.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITIESACCOUNTABILITYACTION PLANADVERTISEMENTADVERTISINGANTICORRUPTIONANTICORRUPTION MEASURESASSETSAUDITORSBANK PROCUREMENTBANKSBID EVALUATIONBID OPENINGBIDDERBIDDERSBIDSBROADCASTBUDGET ALLOCATIONBUDGET EXPENDITURESBUDGETARY ALLOCATIONBUSINESS OPPORTUNITIESCAPABILITYCAPACITY BUILDINGCASH FLOWSCIVIL SOCIETYCIVIL WORKSCOMMERCECOMPETITIVE MARKETCOMPETITIVENESSCOMPLAINTCOMPLAINTSCONCESSIONSCONFIDENCECONFLICT OF INTERESTSCONSULTING SERVICESCONTRACT ADMINISTRATIONCONTRACT AWARDCONTRACT AWARD DECISIONCONTRACT AWARDSCONTRACT EXECUTIONCONTRACT MANAGEMENTCONTRACT NEGOTIATIONSCONTRACT PRICECONTRACTORSCONTROL FRAMEWORKCONTROL MECHANISMSCONTROL SYSTEMCONTROL SYSTEMSCORRUPTCORRUPT PRACTICESCORRUPTIONCOUNTRY PROCUREMENT ASSESSMENTCUSTOMSDEBTDEBT REDUCTIONDISCRETIONDISPUTE RESOLUTIONDISPUTE RESOLUTIONSETHICSEVALUATION CRITERIAEVALUATION PROCESSEVALUATION REPORTSEXTERNAL AUDITEXTERNAL AUDITINGFINANCE MANAGEMENTFINANCIAL ADMINISTRATIONFINANCIAL INFORMATIONFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT SYSTEMFINANCIAL MANAGEMENT SYSTEMSFINANCIAL RESOURCESFOREIGN BIDDERSFOREIGN COMPANIESFRAUDFUNCTIONALITYGOOD GOVERNANCEGOVERNANCE STRUCTURESGOVERNANCE SYSTEMGOVERNANCE SYSTEMSGOVERNMENT ENTITIESGOVERNMENT EXPENDITUREGOVERNMENT OFFICIALGOVERNMENT OFFICIALSGOVERNMENT PROCUREMENTHARMONIZATIONHUMAN RESOURCEHUMAN RESOURCE DEVELOPMENTHUMAN RESOURCESIDIMPLEMENTING AGENCYINFORMATION SYSTEMINFORMATION TECHNOLOGYINITIATIVEINSPECTIONINSTITUTIONAL CAPACITYINSTITUTIONAL FRAMEWORKINTEGRITYINTERNATIONAL BIDDERSINTERNATIONAL COMPETITIONINTERNATIONAL STANDARDSJUDICIAL REVIEWJUDICIAL SYSTEMJUDICIARYJUSTICELAWSLEADERSHIPLEGAL FRAMEWORKLEGAL POWERLEGISLATIVE FRAMEWORKLOCAL BIDDERSMANDATEMARKET PRICESMARKETINGMATERIALMEDIAMEDIUM ENTERPRISESMINISTERMINISTERSNATIONAL BUDGETNATIONAL LAWNATIONAL PROCUREMENTNATIONAL PROCUREMENT SYSTEMNATIONAL PROCUREMENT SYSTEMSOFFICIAL GAZETTEOPEN COMPETITIVE BIDDINGPENALTIESPRIVATE SECTORPRIVATE SECTORSPROCUREMENTPROCUREMENT ACTIONSPROCUREMENT ACTIVITIESPROCUREMENT CAPACITYPROCUREMENT DECISIONSPROCUREMENT ENTITYPROCUREMENT ENVIRONMENTPROCUREMENT GUIDELINESPROCUREMENT LAWPROCUREMENT LEGISLATIONPROCUREMENT METHODSPROCUREMENT OFFICERSPROCUREMENT OFFICIALSPROCUREMENT OPERATIONSPROCUREMENT OPPORTUNITIESPROCUREMENT PLANNINGPROCUREMENT PRACTICESPROCUREMENT PROCEDURESPROCUREMENT PROCESSPROCUREMENT PROCESSESPROCUREMENT REFORMPROCUREMENT REGULATIONSPROCUREMENT REQUIREMENTSPROCUREMENT RULESPROCUREMENT SPECIALISTPROCUREMENT STAFFPROCUREMENT SYSTEMSPROCUREMENT TRAININGPROCUREMENT TRANSACTIONSPROCUREMENT VOLUMEPROCUREMENTSPROCURING ENTITYPROFESSIONAL STAFFPROJECT MANAGEMENTPUBLICPUBLIC ADMINISTRATIONPUBLIC BID OPENINGPUBLIC FUNDSPUBLIC INVESTMENTPUBLIC OFFICIALSPUBLIC PROCUREMENTPUBLIC PROCUREMENT DEPARTMENTPUBLIC PROCUREMENT MARKETPUBLIC PROCUREMENT OPERATIONSPUBLIC PROCUREMENT SYSTEMPUBLIC SECTOR PROCUREMENTPUBLIC WORKSQUALIFIED FOREIGN FIRMSQUALIFIED SUPPLIERSQUALITY CONTROLRADIORECORD KEEPINGRECURRENT COSTSREGISTRIESREGISTRYREGULATORY FRAMEWORKREGULATORY REQUIREMENTREGULATORY REQUIREMENTSREMEDIESREMEDYREQUESTS FOR PROPOSALSRESULTRESULTSSENSITIVE INFORMATIONSERVICE DELIVERYSOLICITATIONSTANDARD BIDDINGSTANDARD BIDDING DOCUMENTSSTANDARD PROCUREMENTSUPERVISIONSUPPLIERSTARGETSTAX REVENUESTECHNICAL SPECIFICATIONSTELEVISIONTENDER NOTICESTENDERSTIME FRAMESTRANSACTIONTRANSPARENCYVERIFICATIONWEBWEB SITEWorld Bank10.1596/7729