FourteenthMee+ngofthePartnershipAssemblyLima,PeruApril26-28,2016
Ms.MajaMurisicPMRSecretariat
PartnershipforMarketReadiness(PMR)FY16Expenses
andProposaloftheFY17Budget
2
IOverviewofPMRSourcesofFundingIISummaryandReviewofFY16ExpensesIIIProposedFY17OperaGngBudgetIVPMRLong-termPlan
Outline
PMRNotePA14-2016-4:PMRFY16ExpensesandProposaloftheFY17Budget
3
IPMRSourcesofFunding
4
SourcesofFunding
PMRfundingismadeupofcontribuGonsfromContribuGngParGcipantsandinterestincome.
116.8
9
Outof125.8million…
ReceivedContribuGons CommiXedContribuGons
InterestIncome:US$1,467,295
5
CommitmentstothePMRbyContributor(asofMarch31,2016)
ContribuGngParGcipant Commitment Receivedtodate
Australia 12.5 12.5
Denmark 5.1 5.1
EuropeanCommission 19.0 10.0
Finland 5.4 5.4
Germany 13.3 13.3
Japan 13.6 13.6
Netherlands 7.1 7.1
Norway 5.8 5.8
Spain 5.4 5.4
Sweden 7.6 7.6
Switzerland 12.5 12.5
UnitedKingdom 11 11
UnitedStates 7.5 7.5
Total US$125.8 US$116.8
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IIFY16FinancialReportReview
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SummaryofPMRUseofFunds:FY11-FY16
(inUS$thousand)
*FY16figuresrepresentactualexpensesthroughMarch31,2016andes<matedexpensesfromApril1throughJune30,2016.
FiscalYear
Category FY11 FY12 FY13 FY14 FY15 FY16* TotalFY11-FY16
PMROperaGonsExpenses 835 1,911 2,931 3,786 4,421 6,401 20,285
PreparaGonPhaseFundingCommiXed 2,800 2,450 350 350 0 0 5,950
ImplementaGonPhaseFundingCommiXed 0 0 0 11,500 6,000 12,500 30,000
TotalUseofFunds 3,635 4,361 3,281 15,636 10,421 18,901 56,235
TotalSources(US$116,800contribuGons+US$1,467investmentincome) 118,267
EsGmatedFundBalanceasofJune30,2016 62,032
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u PAMeeGngs,WorkshopsandOtherEvents:Mee+ngvenuehireandcatering;audio-visualequipmenthire;andtravelandaccommoda+onexpensesforImplemen+ngCountryPar+cipantrepresenta+ves,invitedPMRexpertsandthePMRSecretariat
u CountryDeliverySupportandAdvisoryServices:MRPExpertFeedbackgroupsandthetechnicalassistanceprovidedbyDeliveryPartnersandthePMRSecretariattoImplemen+ngCountryPar+cipantsfortheprepara+onandimplementa+onoftheac+vi+eslaidoutintheMRPs
u PolicyAnalysisWorkProgram:Country-levelanaly+calwork,commonmethodologyandframework(includingmodeling)andinterna+onalandna+onaltechnicalmee+ngsandworkshops
u KnowledgeManagement:TechnicalWorkProgramandthePMRwebsite
u PMRManagementandCommunicaGons:Day-to-dayopera+ngcostsofthePMRSecretariatinmanagingandcoordina+ngPMRac+vi+es,includingMonitoringandEvalua+on(M&E)expenses,andthecostsofPMRcommunica+onandrepor+ngefforts
u TrustFundManagement:ManagementofthePMRtrustfund,includinglegal,budge+ng,andaccoun+ngservices
u ConGngency:Acon+ngencyamountisincludedtocoveranyunforeseenexpensesthatthePAdeemsappropriate
PMROperaGonsinFY16
SecretariatOperaGonscomprisesevencorecostelements:
ReviewofFY16OperaGonsExpenses(inUS$thousand)
PMRoperaGngexpensesforFY16totaledUS$6.401million
*FiguresrepresentactualexpensesthroughMarch31,2016andes<matedexpensesfromApril1throughJune30,2016.
ActualExpensesFY16Budget
FY16ActualExpenses*UseofFunds FY12 FY13 FY14 FY15
PAMeeGngs,Workshops,andOtherEvents 773 824 799 667 850 701
CountryDeliverySupportandAdvisoryServices 879 1,315 1,761 1,480 1,685 1,806
-MRPExpertFeedbackProcess 183 154 18 102 51
-CountryDeliverySupporto/w:
1,132 1,607 1,462 1,583 1,755
-SecretariatSupport 465 664 878 808 985
-DeliveryPartnerSupport 667 943 584 775 770
KnowledgeManagement 0 279 664 750 1,000 1,200
PolicyAnalysisWorkProgram - - - 735 3,071 1,966
PMRManagementandCommunicaGons 180 457 457 727 753 728
-PMRSecretariatOpera+ngCosts 453 517
-PMREvalua+on 4 210
TrustFundManagement 79 57 105 62 65 0
ConGngency 0 0 0 0 150 0
TotalUseofFunds 1,911 2,932 3,786 4,421 7,574 6,401
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u 2PAmee+ngs,3technicalworkshops,2publicevents
u Givenatendencyforthetechnicalworkshopstoincreaseinsizeandscope,theaveragecostofaPMRmee+ng,workshopand/orapubliceventincreasedonaverageinFY16
u SincethenumberofPAmee+ngsorganizedinFY16decreasedfrom3
to2,theoverallspendingincreasedonlybyUS$35,000comparedtoFY15
FY16Expenses:PAMeeGngs,WorkshopsandOtherEvents
FY16Total:US$701,000
FY15Total:US$667,000
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u AnincreasefromUS$1.480millionspentinFY15
u 15countrieshavesubmidedfinalMRPs,outofwhich2finalizedtheirMRPsinFY16
u 4addi+onalcountrieswillhavefinalizedtheirimplementa+onarrangements
u Focusonimplementa+on:LikelyoverspendingbyapproximatelyUS$120,000
FY16Expenses:CountryDeliverySupportandAdvisoryServices
FY16Total:US$1.806millionFY15Total:US$1.480
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u InFY16,thetechnicalworkprogramhasseensignificantgrowth
u OngoingdesignandstructuralchangestothePMRwebsiteu Growthintheknowledgeprogramandsomeac+vi+esthat
werenotreflectedinFY16budget:Knowledgemanagementwilllikelyexceedthebudgetexpecta+onsbyapproximatelyUS$200,000
FY16Expenses:KnowledgeManagement
FY16Total:1.2millionFY15Total:US$750
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u Finaliza+onoftheworkinBrazil,China,Colombia,CostaRicaandPeruandini+a+onofworkinMorocco,SouthAfricaandVietnam
u Anumberofin-countryregionalandinterna+onalworkshopsandtechnicalmee+ngs
FY16Expenses:PolicyAnalysisWorkProgram
FY16Total:US$1.966millionFY15Total:US$735
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u Inlinewiththebudgetexpecta+ons,withtheSecretariatopera+ngcostsbeingapproximatelyUS$25,000lessthanbudgeted
u WiththePMRManagementandCommunica+onsrequiringsimilarlevelofeffort,theFY17budgetisexpectedtoremainbroadlythesame
FY16Expenses:PMRManagementandCommunicaGons
FY16Total:US$728FY15Total:US$727
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u US$65,000wasbudgetedfortrustfundmanagementinFY16
u ThisitemsawnospendinginFY16:Duetotheintroduc+onofanewtrustfundcostrecoveryframeworkattheWorldBank
FY16Expenses:TrustFundManagement
FY16Total:US$0FY15Total:US$62
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IIIProposalforFY17Budget
ProposedFY17BudgetforPAEndorsement
* These figures represent actual expenses through March 31, 2016 and estimated expenses from April 1 through June 30, 2016.
(inUS$thousand)TheSecretariatproposedaFY17BudgetofUS$7.424
UseofFunds FY16Budget FY16ActualExpenses* FY17ProposedBudget
PAMeeGngsandWorkshops 850 701 656
CountryDeliverySupportandAdvisoryServices
MRPExpertFeedbackProcess
CountryDeliverySupport
o/w:SecretariatSupport
DeliveryPartnerSupport
1,685
102
1,583
808
775
1,806
51
1,755
985
770
2,543
70
2,473
1,513
960
KnowledgeManagement 1,000 1,200 1,303
PolicyAnalysisWorkProgram 3,071 1,966 2,004
PMRManagementandCommunicaGons 753 728 768
TrustFundManagement 65 0 0
ConGngency 150 0 150
TotalUseofFunds 7,574 6,401 7,424
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u Promo+ngGoodPrac+cesthroughKnowledgeManagementAc+vi+es
u ProvidingSystema+cSupporttoPMRCountriesthroughthe
Con+nua+onofthePolicyAnalysisWorkProgramu DrivingCountryProgressthroughIncreasedCountryDelivery
Support
FY17Budget:DriversinProposedIncreases
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IVPMRLong-termPlan(LTP)
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u ThePMROperaGonsincludethecostsofthePMRmee+ngsandworkshops,PMRManagementandCommunica+ons,Countrydeliverysupport,TrustFundManagement,WorldBankCentralUnitscostsandCon+ngency
u PMRSupporttoCountriesincludePMRcountrygrantsupport(funds
allocatedfortheprepara+onoftheMRPs,implementa+ongrants,andtargetedcountrysupporttotechnicalpartners)andPMRcomplementarysupporttocountries(includingtechnicalworkprogramandpolicyanalysisac+vi+es).
u TheamountfortheimplementaGongrantsofUS$62millionincludes
allocatedfundingforMRPssofarwhichamountstoUS$52million.
u AproxyofUS$5millionwasusedtofortheremaining2MRPs,amoun+ngtoUS$10million.
*SincetheMRPgrantsizerangesfrom$3millionto$8million,aproxyofUS$5millionwasusedtofortheremaining4MRPs,amoun+ngtoUS$20million.
PMRLTPAssumpGons
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PMRLong-termPlan,July2016–December2020(inUS$thousand)
PMRAcGviGes Actual Actual Actual Actual Actual Est. Est. Est. Est. Est.
PMROperaGons FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Sub-totals
PMROperaGons
PMRPAMeeGngs+Workshops 305 773 676 799 667 701 656 650 650 650 6,527
PMRManagement 342 180 350 457 727 728 768 750 750 750 5,802
CountryDeliverySupport 165 879 1,124 1,761 1,480 1,806 2,543 2,100 2,100 2,100 16,058
TrustFundManagement 24 79 58 105 62 0 0 0 0 0 328
WorldBankCentralUnitsCost(1%ofcontribuGons) 127 127 127 127 127 127 127 127 127 127 1,270
ConGngency - - - - - - 150 150 150 150 600
PMROperaGonsSub-total 963 2,038 2,335 3,249 3,063 3,362 4,244 3,777 3,777 3,777 30,585
PMRSupporttoCountries Sub-totals
IniGalFundingSupport
PreparaGonFunding 5,950
ImplementaGonFunding 62,000
TargetedCountrySupporttoTechnicalPartners 1,000
IniGalFundingSupportSub-total 68,950
ComplementaryFundingSupport
KnowledgeManagement&TechnicalWorkProgram - - 238 664 750 1,200 1,303 1,300 1,300 1,300 8,055
PolicyAnalysisWorkProgram(Programlevel) - - - - 735 1,966 350 400 400 400 4,251
FundingSupportforAddiGonalAcGviGes 16,000
ComplementaryFundingSupportSub-total - - 238 664 1,485 3166 1,653 1,700 1,700 1,700 28,306
PMRSupporttoCountries 97,256
PMRAcGviGesTotal 127,841
