The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Competitiveness and Sector Diversification (P166187) LATIN AMERICA AND CARIBBEAN | Suriname | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2020 | Seq No: 8 | ARCHIVED on 27-Apr-2023 | ISR55948 | Implementing Agencies: Ministry of Economic Affairs, Entrepreneurship and Technological Innovation (MEA), Ministry of Natural Resources, Republic of Suriname Key Dates Key Project Dates Bank Approval Date: 09-Jul-2019 Effectiveness Date: 19-Dec-2019 Planned Mid Term Review Date: 31-May-2024 Actual Mid-Term Review Date: Original Closing Date: 13-Jun-2025 Revised Closing Date: 13-Jun-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to support sector governance improvements and increase competitiveness in targeted industries in Suriname. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Strengthening the mining sector governance, transparency, accountability, and administration:(Cost $6.00 M) Investment in SMEs and value chains in targeted emerging industries:(Cost $14.50 M) Project management and evaluation:(Cost $2.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The Suriname Competitiveness and Sector Diversification (SCSD) project became effective on December 19, 2019, with its official launch on May 10, 2021. The project implementation has gained momentum in recent months. Most notably, Suriname Growth Enterprises (SURGE) SME support pilot has been completed, and SURGE service provider (SP) has been selected and onboarded and it started its activities. The project has also made important progress in its support to business environment, notably with completion of the electronic single window equipment contracts, legal advisory work on a number of laws (including trade registry, business professionals and law, and secured transactions) as well as the TA support to tourism competitiveness. Progress has also been made towards securing TA for the set up of the Minerals Institute and for the strengthening the mining cadaster and mining inspections. The enclosed ISR has been prepared to reflect the progress on these fronts. Bi-monthly/weekly virtual meetings between the World Bank teams and the PIUs will continue to support streamlining the implementation process, and build on the momentum achieved in recent months. 4/27/2023 Page 1 of 6 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Substantial Substantial Macroeconomic Substantial High High Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and High Substantial Substantial Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Substantial Substantial Substantial Other -- Substantial Substantial Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Enhanced sector governance in mining IN01284465 ►Percentage of mining concessions subject to formal inspections following good international practices (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 15-May-2019 20-Dec-2022 19-Apr-2023 30-Sep-2025 Measures percentage of formal mining concessions subject to inspections by relevant government institutions, following good international practices. The specific number of total concessions granted that Comments: will be used to calculate the percentage will be the sum of exploitation and exploration concessions for gold and other minerals, and will be established during project implementation in the project M&E plan. More competitive SMEs and value chains in targeted emerging industries IN01284491 ►Increase in revenue of SMEs benefitting from project support (Percentage, Custom) 4/27/2023 Page 2 of 6 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Date 15-May-2019 20-Dec-2022 19-Apr-2023 30-Sep-2025 This indicator will measure the increase in sales of SMEs supported by the project. This increase will be measured relative to a baseline, either to the previous sales of the beneficiary SMEs, or to a comparator Comments: group such as a sample of non-beneficiary SMEs, depending on quality of comparator data that can be generated considering the relatively limited availability of data on the private sector. The component expects to support a 15% increase in gross sales for SMEs supported by the end of the project. IN01284493 Increase in revenue of SMEs benefitting from project support that are women-owned or that employ a majority of female workers (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Improved enabling environment for sector development and competitiveness IN01284492 ►Number of regulatory or policy reforms adopted to strengthen governance and competitiveness in targeted industries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 14.00 Date 15-May-2019 20-Dec-2022 19-Apr-2023 30-Sep-2025 Number of legal, regulatory, policy, or procedural actions implemented by the Government benefitting from or informed by project support that improve the enabling environment and governance for private Comments: sector development. This PDO indicator will be a composite of intermediate results indicators tracking reforms supported at the component level, including those directly measured by component intermediate results indicators and other reforms informed by the project. Intermediate Results Indicators by Components Strengthening the mining sector governance, transparency, accountability, and administration IN01284494 ►Standard operating procedures and associated documentation of key mining functions within the Minerals Institute produced (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 7.00 Date 29-Mar-2019 20-Dec-2022 20-Apr-2023 30-Sep-2025 Development of standard procedures with clear documentation of how these should be used in key mining Comments: functions within the Minerals Institute IN01284496 ►Number of government staff trained to manage, regulate, and monitor the mining sector (disaggregated by gender and function) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 4/27/2023 Page 3 of 6 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Value 0.00 0.00 10.00 35.00 Date 29-Mar-2019 20-Dec-2022 20-Apr-2023 30-Sep-2025 Measures the cumulative number of staff identified through a skills gap analysis and provided with training. Staff will come from MNR, MOF, and the newly established Minerals Institute. Training provided Comments: will be disaggregated by gender and by function, considering policy, regulation, planning, and revenue functions. IN01284498 ►Establishment of a system for transparent assessment and collection of revenues from the mining sector (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 15-May-2019 20-Dec-2022 20-Apr-2023 29-Mar-2025 Development of a management information system linking all MNR departments, the new Minerals Comments: Institute, and MOF for regulatory effectiveness and efficiency. The end target is a revenue system for assessment and collection fully established and operational. IN01284500 ►Number of mining concessions monitored and inspected by the Mines Inspectorate Department in collaboration with other relevant agencies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 29-Mar-2019 20-Dec-2022 20-Apr-2023 30-Sep-2025 Measures the number of annual inspections conducted of formal mining concessions to ensure Comments: compliance with laws and regulations. Investment in SMEs and value chains in targeted emerging industries IN01284495 ►Number of SMEs benefitting from capacity upgrading support (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 160.00 Date 29-Mar-2019 20-Dec-2022 19-Apr-2023 29-Mar-2025 The number of SMEs that receive business development services and technical assistance from the Comments: SURGE fund under Component 2a. IN01284497 Of which women-owned (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 64.00 IN01284499 ►Number of SMEs receiving matching grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 150.00 4/27/2023 Page 4 of 6 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Date 29-Mar-2019 20-Dec-2022 19-Apr-2023 29-Mar-2025 The number of growth firms that receive matching grant support at the individual or group level through Comments: the SURGE program under Component 2a. IN01284501 Of which women-owned (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 IN01284502 ►Volume of private co-investment in competitive upgrading (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,500,000.00 Date 29-Mar-2019 20-Dec-2022 19-Apr-2023 29-Mar-2025 This indicator tracks the counterpart contributions provided by matching grant beneficiaries of the Comments: matching grant to co-invest in productivity upgrading. IN01284503 ►Number of recommended business environment regulations, codes, policies, or procedures adopted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 4.00 Date 15-May-2019 20-Dec-2022 19-Apr-2023 30-Sep-2025 Measures the number of regulatory reforms or policy or procedural changes implemented informed by Comments: support from the project under Component 2b related to tourism, agribusiness, and the investment climate. IN01284504 ►Beneficiaries satisfied with quality of services provided under Component 2 (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 85.00 Date 29-Mar-2019 20-Dec-2022 19-Apr-2023 29-Mar-2025 Satisfaction amongst direct beneficiaries of the SURGE business development and matching grant services under Component 2 based on a beneficiary survey. This indicator will provide beneficiary Comments: feedback and enable citizen engagement in the implementation of the SCSD project. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) 4/27/2023 Page 5 of 6 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P166187 IBRD-89850 Effective USD 23.00 23.00 0.00 3.05 19.95 13% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P166187 IBRD-89850 Effective 09-Jul-2019 25-Sep-2019 19-Dec-2019 13-Jun-2025 13-Jun-2025 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 4/27/2023 Page 6 of 6