The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) OECS Regional Tourism Competitiveness (P152117) LATIN AMERICA AND CARIBBEAN | OECS Countries | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 12 | ARCHIVED on 29-May-2024 | ISR60183 | Implementing Agencies: Grenada - Ministry of Economic Development, Planning, Tourism, ICT, Creative Economy, Agriculture an, Grenada - Ministry of Finance, Saint Lucia - Department of Finance, Ministry of Finance Economic Development and Youth Economy, Saint Lucia- Ministry of Tourism, Investment, Creative Industries, Culture, St. Vincent and the Grenadines - Ministry of Finance, Economic Planning and Information, St. Vincent and the Grenadines - Ministry of Finance, Economic Planning and Information, St. Vincent and the Grenadines - Ministry of Tourism, Civil Aviation, Sustainable Development and Cu Key Dates Key Project Dates Bank Approval Date: 06-Apr-2017 Effectiveness Date: 23-Dec-2015 Planned Mid Term Review Date: 31-Dec-2020 Actual Mid-Term Review Date: 18-Jan-2021 Original Closing Date: 01-Sep-2023 Revised Closing Date: 31-May-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objectives are to (i) facilitate the movement of tourists within the participating countries using ferries;(ii) improve selected touristic sites; and (iii) strengthen implementation capacity for regional tourism market development. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The project development objective is to increase income at and around improved tourism sites, and strengthen institutional capacity to support the regional recovery from COVID-19. Components Table Name Component 1: Facilitation of the Movement of People:(Cost $1.24 M) Component 2: Pilot Tourism Investments:(Cost $20.40 M) Component 3: Market Development and Promotion Capacity-Building:(Cost $2.33 M) Component 4: Project Implementation Support:(Cost $2.03 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial 5/29/2024 Page 1 of 6 The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Implementation Status and Key Decisions Since the last Implementation Status & Results Report (ISR) in May 2023, key project activities have advanced in Grenada and Saint Lucia, while they have moved slowly in SVG. This has also been reflected in the progress of Project results, namely in that two of the PDO indicators reached their targets at country level and all intermediate indicators achieved the Project targets with one exception in Component 3 (see results section). In June 2023, the project was restructured to extend the closing date from September 1, 2023, to May 31, 2024. Construction is well advanced at Fort George in Grenada, and it is expected to be completed before the project’s closing. In Saint Lucia, civil works at the Soufriere-Old Trafford Complex, Canaries Market and Restaurant, Choiseul Craft Centre, and Gros Islet Recreation Beach Park, while works are expected to be fully completed by closing date at the Castries Market Box Park Facility. Civil works at Fort Charlotte in SVG are still at early stages and will not be completed in time for closing (during the mission, SVG team estimated that at least six to eight additional months would be required for completion). The three regional activities (Component 3) that had been prioritized from the Regional Marketing Strategy had to be cancelled (a sailing guide, a familiarization trip, and an Annapolis boat show) given delays in coordination between countries and the inability to reallocate funding in Grenada. As project closing approaches, the focus of the task team and the PIUs in the countries will be on ensuring that all activities are duly completed, delivered, and reflected in STEP, to be invoiced during the grace period (four months after closing date). Clear transition plans must be defined for the activities that will remain unfinished and will have to be taken over by the respective Governments. Also, Post Closure Action Plans (PCAPs) will be established to continue managing E&S risks in sites where civil works will continue after project closing. Given that the countries currently lack methodologies to gather data to measure some PDO indicators (potential increase in tourism spending or in enterprises’ sales), alternatives for measurement were discussed with the teams in the three countries, including the use of qualitative and administrative data. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Moderate Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other Substantial Substantial Substantial Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Objective as defined in the PDO IN01409602 5/29/2024 Page 2 of 6 The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) ►Increase in tourism spending at and around improved tourism sites (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Date 30-Jun-2022 15-Jul-2021 15-Jul-2021 31-Aug-2023 PDO and intermediate indicators were updated following the Project Restructuring in June 2022. Comments: IN01409603 ►Enterprises whose sales increase at and around improved tourism sites (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 30-Jun-2022 31-Dec-2021 31-Dec-2021 31-Aug-2023 IN01409604 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 IN01409605 ►National strategic tourism plans under implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 1.00 3.00 Date 30-Jun-2022 15-Sep-2022 20-May-2024 31-Aug-2023 IN01409796 ►Regional marketing strategies integrated into national marketing plans (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2.00 3.00 Date 30-Jun-2022 31-Dec-2021 20-May-2024 31-Aug-2023 Overall Comments PDO See M&E comments in ISR's section of Key Issues & Project Status of ISR. Intermediate Results Indicators by Components Component 1: Facilitation of the Movement of People IN01409799 5/29/2024 Page 3 of 6 The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) ►Number of improved ferry terminals to facilitate tourist arrivals (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 3.00 3.00 Date 30-Jun-2022 15-Sep-2022 20-May-2024 31-Aug-2023 Component 2: Pilot Tourism Investments IN01409797 ►Number of pilot sites that have incorporated a beneficiary feedback system (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 5.00 5.00 Date 30-Jun-2022 31-Dec-2021 23-May-2024 31-Aug-2023 IN01409798 ►Number of sites rehabilitated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 5.00 5.00 Date 30-Jun-2022 15-Sep-2022 23-May-2024 31-Aug-2023 Component 3: Market Development and Promotion Capacity-Building IN01409800 ►Implemented reforms supporting SMEs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 1.00 1.00 Date 30-Jun-2022 30-Jul-2021 30-Jul-2021 31-Aug-2023 IN01409801 ►Number of tourism related IT platforms upgraded or enhanced (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 1.00 2.00 Date 15-Mar-2022 31-Dec-2021 26-Apr-2024 30-Aug-2023 IN01409802 ►National tourism strategies approved (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 3.00 3.00 5/29/2024 Page 4 of 6 The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Date 30-Jun-2022 15-Sep-2022 23-May-2024 31-Aug-2023 IN01409803 ►Regional marketing strategy approved at the national level (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 3.00 3.00 Date 30-Jun-2022 02-Jun-2022 20-May-2024 31-Aug-2023 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P152117 IBRD-87340 Effective USD 6.00 6.00 0.00 4.84 1.16 81% P152117 IDA-60000 Effective USD 15.00 10.00 5.00 9.06 0.94 91% P152117 IDA-60010 Effective USD 5.00 5.00 0.00 3.03 1.97 61% P152117 TF-A0988 Closed USD 0.40 0.34 0.06 0.34 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P152117 IBRD-87340 Effective 06-Apr-2017 20-Apr-2017 31-Aug-2017 01-Sep-2023 31-May-2024 P152117 IDA-60000 Effective 06-Apr-2017 20-Apr-2017 31-Aug-2017 01-Sep-2023 31-May-2024 P152117 IDA-60010 Effective 06-Apr-2017 16-May-2017 31-Aug-2017 01-Sep-2023 31-May-2024 P152117 TF-A0988 Closed 17-Dec-2015 23-Dec-2015 23-Dec-2015 01-Dec-2017 31-May-2018 Cumulative Disbursements 5/29/2024 Page 5 of 6 The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Restructuring History Level 2 Approved on 01-Dec-2017 ,Level 2 Approved on 30-Jun-2022 ,Level 2 Approved on 26-Jun-2023 Related Project(s) There are no related projects. 5/29/2024 Page 6 of 6