The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Competitive Value Chains for Jobs and Economic Transformation Project (P172425) WESTERN AND CENTRAL AFRICA | Cote d'Ivoire | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2021 | Seq No: 4 | ARCHIVED on 29-Jun-2023 | ISR56745 | Implementing Agencies: Prime Minister's Office/Ministry of Economy and Finance, Republic of Cote d'Ivoire Key Dates Key Project Dates Bank Approval Date: 23-Jun-2021 Effectiveness Date: 12-Oct-2021 Planned Mid Term Review Date: 16-Apr-2024 Actual Mid-Term Review Date: Original Closing Date: 30-Apr-2027 Revised Closing Date: 30-Apr-2027 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objectives are to: (i) improve the competitiveness of supported value chains, (ii) increase access to finance for underserved farmers and firms, and (iii) in case of an Eligible Crisis or Emergency, respond promptly and effectively to it. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Improving the Competitiveness of Supported Value Chains:(Cost $83.00 M) Component 2: Improving access to finance for value chains:(Cost $77.00 M) Component 3: Policy Reforms and Institutional Reinforcement:(Cost $30.00 M) Component 4: Project Coordination and Management:(Cost $10.00 M) Component 5: Contingent Emergency Response Component (CERC) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The Competitive Value Chains for Jobs and Economic Transformation was approved by the Board on June 23, 2021 and became effective on October 12, 2021. Disbursements to date are $23.6 million (12.5%). An implementation support mission was held from May 15-25, 2023.  Improving the Competitiveness of Supported Value Chains: An international firm was recruited to support the implementation of the Competitive Reinforcement Initiatives (CRIs) and their mandate took effect on October 31, 2022. The first of the three phases of the CRIs ("Data collection at company, cluster and industry level") has been completed, and the second "Industry analysis and strategic segmentation" is underway. Feasibility studies are underway or planned for investments in some of the supported value chains. Other investments (common services and common productive assets) will be identified at the end of the CRI process (estimated end date: 6/29/2023 Page 1 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) September 2023). The matching grants manual for access and use of common services and common productive assets was approved by the World Bank.  Improving access to finance for value chains: Support for the Decentralized Financial Systems Directorate (DSFD) is ongoing. The PIU finalized the first phase of diagnostics for a shared MIS for Microfinance Institutions (MFIs) in Côte d’Ivoire. During the period further needs assessment was conducted and various MFIs were selected and confirmed their interest in the shared system. Technical specifications of the mutualized MIS and structure were developed, including its management, services offered, and necessary training. A call for tender is being prepared to recruit the firm who will develop the shared MIS.  The Long-term Investment Facility (LTIF) - "CDC-CI CAPITAL" was officially launched on June 19, 2023.  Reform activities related to the (i) business environment, (ii) trade facilitation, and (iii) improved access to industrial land, are progressing in a satisfactory manner, though with some delays. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Substantial Substantial Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Low Low Low Other -- -- -- Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Improved competitiveness of supported value chains IN01308370 ►Increase in average value of exports by project beneficiaries (farmers and firms) in value chains supported by the Project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 01-Jun-2021 18-Nov-2022 07-Jun-2023 30-Apr-2027 6/29/2023 Page 2 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Comments: This indicator will track the increase in average price of exports from supported value chain. IN01308372 By women farmers and women-owned/led firms (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01308374 ►Increase in average value of gross sales (domestic and foreign) by farmers and firms in value chains supported by the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Date 01-Jun-2021 18-Nov-2022 07-Jun-2023 30-Apr-2027 This indicator will measure the increase above the average value of sales registered by a sample of Comments: beneficiary SMEs with attribution to Component 1 Investment Mechanisms and Component 2 LTIF IN01308376 By women farmers and women-owned/led firms (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Increased access to finance for underserved farmers and firms IN01308371 ►Increase in average value of private financing mobilized for SME lending (start-ups and young SMEs) and large enterprises engaged in green investments (catalytic effects) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 01-Jun-2021 18-Nov-2022 07-Jun-2023 30-Apr-2027 Increase in percentage of average value of private financing mobilized for SME lending (start-ups and Comments: young SMEs) and large enterprises engaged in green investments (catalytic effects) IN01308373 For women-owned/led startups, young SMEs and large enterprises engaged in green investments (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01308375 ►Increase in new active accounts opened (physical and digital) at MFIs supported by the Project, including farmers and firms supported by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,000.00 Date 01-Jun-2021 18-Nov-2022 07-Jun-2023 30-Apr-2027 New active accounts opened (physical and digital) at MFIs supported by the Project, including farmers Comments: and firms supported by the project IN01308377 6/29/2023 Page 3 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Of which women (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,000.00 Intermediate Results Indicators by Components Improving the Competitiveness of Supported Value Chains IN01308381 ►Private co-investment generated by investment mechanisms (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20,000,000.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This indicator tracks private investments leveraged through project activities, including investments Comments: resulting from the Investment Mechanisms in Component 1 and the private investments leveraged through the Component 2 LTIF. IN01308384 ►MSMEs or farmers benefited from common services or productive assets supported by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3,000.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This indicator measures the number of beneficiaries, disaggregated by sex, benefiting from the three Comments: investment mechanisms in Component 1. IN01308387 Of which women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01308389 ►Farmers or workers trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,500.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Training provided to the farmers or workers, including women, benefiting from the project. In particular farmers and workers in the supported value chains, receiving training on: post-harvest handling of Comments: agricultural products, use of digitial technology, methods and skills related to testing, piloting, prototyping products; personal initiative, etc. IN01308393 Of which women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 6/29/2023 Page 4 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Value 0.00 0.00 0.00 20.00 IN01308396 ►Average increase in value of gross revenues by beneficiaries (farmers, SMEs) supported by the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This indicator tracks the increase in direct exports by Ivorian smallholder farmers. Direct exports means Comments: that the farmers have exported the products directly, with the use of service providers, and did not sell their products to intermediaries in-country. IN01308398 ►New innovations in the supported value chains (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 In this context, innovation is defined as new designs, production process, marketing approaches, Comments: identification of new markets, or new methods of training. IN01308400 ►Additional hours of work (average weekly) by women receiving childcare services provided through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Number of additional hours a women benefiting from childcare services supported by the project is able to Comments: work. IN01308402 ►Increase in profit of women receiving personal initiative training through the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 The Personal Initiative Training (PIT) will target women (and also possibly their partners) in the geographical areas of the supported value chains. The PIT is an innovative training program that applies Comments: lessons from psychology to encourage women to act with an entrepreneurial mindset, with additional modules for increasing literacy levels. The outcomes (i.e. increase in profits) may be observed in either the supported value chains or in non-supported value chains, in off-farm or alternative labor activities. Improving access to finance in value chains IN01308380 ►Private sector firms receiving financing (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/29/2023 Page 5 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Value 0.00 0.00 0.00 200.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Aggregate of: credit to micro-entrepreneurs from supported MFIs; LTIF (financing start-ups and young Comments: SMEs and financing to large enterprises) IN01308382 Of which women-owned or led private sector firms (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01308385 ►On-site inspections conducted by MFI Supervisor (DRSSFD) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 12.00 0.00 2.00 44.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Timely and regular publication of micro-finance sector statistics for Article 44 MFIs (those not regulated by Comments: the BCEAO), based on MFI reporting (on internet) IN01308388 ►MFIs adopting digitalization in service delivery to customers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 8.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Comments: Number of MFIs adopting digitalization in service delivery to customers IN01308391 ►Private investments leveraged into the Seed, Early Stage and Venture Capital Facility (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 35,000,000.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Amount in USD of private investments leveraged into the Seed, Early Stage and Venture Capital Facility. Comments: Expected multiplier effect and catalyzing of private investment (1:2) IN01308394 ►Large enterprises engaged in green investments funded by the Green Investment Window of the LTIF (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Comments: Number of large enterprises engaged in green investments. A green investment is an investment aimed at maximizing the long-term economic returns subject to a minimum financial return and maximizing climate co-benefits that are assigned to an activity that promotes efforts toward the reduction, limitation or 6/29/2023 Page 6 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) sequestration of greenhouse gas (GHG) emissions as well as environmental protection, pollution prevention and control, waste management, and biodiversity conservation as defined by the World Bank. IN01308397 ►Green projects financed by the LTIF contribution to climate mitigation or adaptation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Number of green projects financed by the LTIF contribution to climate mitigation or adaptation. A green investment is an investment aimed at maximizing the long-term economic returns subject to a minimum financial return and maximizing climate co-benefits that are assigned to an activity that promotes efforts Comments: toward the reduction, limitation or sequestration of greenhouse gas (GHG) emissions as well as environmental protection, pollution prevention and control, waste management, and biodiversity conservation as defined by the World Bank. Policy Reforms and Institutional Reinforcement IN01308378 ►Recommended procedures/practices/standards that were improved or eliminated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 1.00 12.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Aggregation of all recommended procedures/practices/standards that were improved or eliminated. #1 As part of the new improved procedures, the DGPSA will be issuing a ministerial order on the list of Comments: pests and quarantine organisms for targeted crops in July 2023. IN01308383 ►Average time for customs clearance (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5.70 5.70 5.70 2.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Measured by the average time between the customs declaration delivery ("Dépôt en douane de la declaration (DPOD)) and the receipt of the Good for Removal ("Bon à Enlever (BAE)). The indicator used Comments: to measure the impact of the project is therefore the average time taken to issue the BAE after the DPOD (in days). IN01308386 ►Average time to get a construction permit (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 163.00 163.00 163.00 100.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This reform will contribute to the “Dealing with construction permits” indicator of Doing Business, Comments: specifically, reducing the time (days) to receive a construction permit from 163 days to 100 days. IN01308390 6/29/2023 Page 7 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) ►Average time to get land title (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 160.00 160.00 160.00 80.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This indicator measures the reduction in time to obtain an Definitive Concession Order ( or L’arrêté Arrete de concession définitive (ACD) in French), which is an essential step in acquiring urban land title in Cote Comments: d'Ivoire. This reduction of days to obtain the ACD will have a positive impact on the Doing Business "Registering Property" indicator. IN01308392 ►Compliance cost savings for the private sector (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10,000,000.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Savings by private operators as a result of quicker procedures related to customs procedures, land Comments: acquisition or transfer, starting a business, seeking and acquiring industrial land IN01308395 ►Sector-specific legal, regulatory, or administrative reforms implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 12.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This indicator will track the cumulative number of sector-specific legal, regulatory, or administrative Comments: reforms implemented. The sector-specific reforms will be recommended by Component 1.1 (CRIs) and will be implemented through Component 3.4 IN01308399 ►Average reduction in time for an investor to be assigned industrial land following request (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 7.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 This indicator will measure the average reduction in time (days) for an investor to be assigned industrial Comments: land following request IN01308401 ►Increase in number of enterprises authorized economic operators for Customs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 2.00 2.00 10.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Comments: The increase in the number of enterprises benefiting from the status of Authorized Economic Operator (AEO). The current number of companies benefiting from AEO status is 2. At the end of the 2021-2023 6/29/2023 Page 8 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) reform program, Customs plans to increase the number of AEO companies from 2 to at least 10. The indicator for measuring the impact of the project is the number of AEOs (in units). Citizen Engagement IN01308379 ►Share of complaints received by Project Grievance Redress Mechanism that are addressed within 4 weeks (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 01-Jun-2021 05-Dec-2022 07-Jun-2023 30-Apr-2027 Measures GRM functionality. See the GRM section of the PIM for additional details on how the complaints Comments: are registered, recorded, and resolved. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P172425 IDA-69350 Effective USD 50.00 50.00 0.00 23.25 22.08 51% P172425 IDA-69360 Effective USD 150.00 150.00 0.00 0.36 143.59 0.3% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P172425 IDA-69350 Effective 23-Jun-2021 14-Jul-2021 12-Oct-2021 30-Apr-2027 30-Apr-2027 P172425 IDA-69360 Effective 23-Jun-2021 14-Jul-2021 12-Oct-2021 30-Apr-2027 30-Apr-2027 Cumulative Disbursements 6/29/2023 Page 9 of 10 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Restructuring History Level 2 Approved on 08-Jun-2023 Related Project(s) There are no related projects. 6/29/2023 Page 10 of 10