The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Second Rural Enterprise Development Project (P176017) EUROPE AND CENTRAL ASIA | Uzbekistan | Agriculture and Food Global Practice | IBRD/IDA | Investment Project Financing | FY 2022 | Seq No: 4 | ARCHIVED on 02-Jan-2024 | ISR59465 | Implementing Agencies: Agency for the Work of Mallahabay and Entrepreneurship Development, Ministry of Economic Development, Ministry of Finance Key Dates Key Project Dates Bank Approval Date: 22-Mar-2022 Effectiveness Date: 22-Jul-2022 Planned Mid Term Review Date: -- Actual Mid-Term Review Date: Original Closing Date: 15-Dec-2027 Revised Closing Date: 15-Dec-2027 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to support the expansion of rural enterprise activity, investments, and job creation in regions supported by the project. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Enterprise Development. Facilitate the establishment and growth of MSMEs through the provision of technical support and facilitation.:(Cost $20.00 M) Access to Finance. Address a number of key constraints to access to finance by MSMEs and will introduce two financing instruments: a credit line and partial credit guarantee fund.:(Cost $175.80 M) Project Management. Support the implementation, management, monitoring and evaluation of the project.:(Cost $3.75 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Overall project development objective and implementation progress are satisfactory. The Project Implementation Unit through the competitive selection process has identified 22 Business Incubation Hubs to be established in 10 project regions. The furniture and computers will be supplied to the BIHs by February 2024. 1/2/2024 Page 1 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Moderate Moderate Moderate Sustainability Fiduciary Moderate Moderate Moderate Environment and Social Substantial Substantial Substantial Stakeholders Moderate Moderate Moderate Other -- Moderate Moderate Overall Moderate Moderate Moderate Results PDO Indicators by Objectives / Outcomes Support the expansion of economic activity IN01386785 ►Number of enterprises supported under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 129.00 2,000.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Measures the total number of enterprises supported under the project throughout component 1 (TA) and Comments: component 2 (sub-loans and partial credit guarantees) IN01386789 Number of micro enterprises supported under the project (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 700.00 IN01386790 Number of enterprises - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 1/2/2024 Page 2 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Value 0.00 0.00 0.00 400.00 IN01386791 Number of enterprises - Female led (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 500.00 IN01386792 ►Increase in total revenues of enterprises supported under the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: Measures change in enterprise activity as a result of project support. IN01386793 Increase in revenues of micro enterprises supported under the project (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Support to job creation IN01386559 ►Beneficiaries of job-focused interventions (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,000.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 IN01386781 Beneficiaries of job-focused interventions - Female (Number, Corporate Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 500.00 IN01386783 ►Number of additional jobs generated by enterprises supported by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10,000.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Number of total additional jobs generated by enterprises supported under the project across all Comments: components. IN01386787 Number of additional jobs generated by enterprises supported under the project - female (Number, Custom Supplement) 1/2/2024 Page 3 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000.00 IN01386788 Number of jobs generated by enterprises supported by the project – Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,500.00 Improved climate resilience IN01386560 ►Amount of water, gas and electricity saved due to introduction of smart technologies by enterprises supported by the project - (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Average efficiency savings generated in water, gas and electricity as a result of introduction of smart Comments: technologies. Calculated based on a weighted average of sub-indicators. IN01386782 Water saved due to introduction of smart technologies by enterprises supported by the project- M3 (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 IN01386784 Gas saved due to introduction of smart technologies by enterprises supported by the project- M3 (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 IN01386786 Electricity saved due to introduction of smart technologies by enterprises supported by the project- kWT (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Intermediate Results Indicators by Components Component 1: IN01386794 ►Number of formal partnerships or value chain contract arrangements in the project area (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 1/2/2024 Page 4 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 The number of formal partnerships or value chain contract arrangements in the project area supported by Comments: the project, number IN01386797 ►Number of beneficiaries trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: The total number of beneficiaries receiving average of 10 days of training over project lifetime, number IN01386800 Number of beneficiaries trained - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,500.00 IN01386802 Number of beneficiaries trained – Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,500.00 IN01386803 ►Number of districts where rural business development services are being delivered under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: The number of districts where rural business development services are being delivered under the project IN01386805 ►Number of market promotion events carried out (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: The total number of market promotion events carried out under the project, number IN01386807 ►Number of new business startups (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 1/2/2024 Page 5 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: The number of new business start-ups supported by the project, number IN01386810 Number of new business start-ups supported under the project - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01386811 Number of new start-ups supported by the project - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01386812 ►Percentage of beneficiaries satisfied with services provided under the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Share of beneficiaries who are satisfied with the access to and quality of services provided under the Comments: project, percentage IN01386813 Percentage of beneficiaries satisfied with services provided under the project – Female (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Component 2: Access to Finance IN01386795 ►Volume of financing provided through participating financial institutions (in millions) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 130,000.00 21,000,000.00 145,000,000.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: The total volume of financing provided through participating financial institutions, US$ IN01386798 Volume of financing allocated to loan size less than $50,000 (millions of USD) (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 36.00 IN01386799 Percent of financing that is classified as climate smart (Percentage, Custom Supplement) 1/2/2024 Page 6 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN01386801 ►Number of sub-loans (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 129.00 600.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: Measures the number of sub-loans issued by participating financial institutions IN01386804 Number of sub-loans - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN01386806 Number of sub-loans - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN01386808 ►Loan Performance (% in good standing) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 95.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: Non performing loan limit set at no more than 5% of the outstanding loan portfolio. IN01386809 ►Volume of financing provided through partial credit guarantees (in millions) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 58.60 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Measures the volume of lending leveraged by partial credit guarantees based on an assumption that Comments: project funds are leveraged at least twice. Component 3: Project Management IN01386796 ►Share of complaints addressed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 1/2/2024 Page 7 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Value 0.00 0.00 0.00 100.00 Date 30-Jun-2022 29-May-2023 15-Dec-2023 31-Dec-2027 Comments: Percentage of complaints received under the project that are addressed Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P176017 IBRD-93530 Effective USD 180.00 180.00 0.00 44.68 135.32 25% P176017 IDA-70610 Effective USD 20.00 20.00 0.00 0.00 20.00 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P176017 IBRD-93530 Effective 22-Mar-2022 23-Apr-2022 22-Jul-2022 15-Dec-2027 15-Dec-2027 P176017 IDA-70610 Effective 22-Mar-2022 23-Apr-2022 22-Jul-2022 15-Dec-2027 15-Dec-2027 Cumulative Disbursements 1/2/2024 Page 8 of 9 The World Bank Implementation Status & Results Report Second Rural Enterprise Development Project (P176017) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 1/2/2024 Page 9 of 9