The World Bank Implementation Status & Results Report
Catalyzing Entrepreneurship for Job Creation (P162835)
Catalyzing Entrepreneurship for Job Creation (P162835)
MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Finance, Competitiveness and Innovation Global Practice |
IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 8 | ARCHIVED on 08-Mar-2023 | ISR55327 |
Implementing Agencies: Arab Republic of Egypt, Micro, Small, Medium Enterprise Development Agency - MSMEDA
Key Dates
Key Project Dates
Bank Approval Date: 17-Apr-2019 Effectiveness Date: 15-Jan-2020
Planned Mid Term Review Date: 12-Mar-2023 Actual Mid-Term Review Date:
Original Closing Date: 30-Jun-2025 Revised Closing Date: 30-Jun-2025
pdoTable
Project Development Objectives
Project Development Objective (from Project Appraisal Document)
The project development objective is to foster job creation and improve other economic opportunities for targeted beneficiaries
Has the Project Development Objective been changed since Board Approval of the Project Objective?
No
Components Table
Name
I - Financial Support to MSMEs:(Cost $146.00 M)
II - Risk Capital for Innovative Startups and High Growth SMEs:(Cost $50.00 M)
III - Business and Capacity Development:(Cost $3.50 M)
Overall Ratings
Name Previous Rating Current Rating
Progress towards achievement of PDO Satisfactory Satisfactory
Overall Implementation Progress (IP) Satisfactory Satisfactory
Overall Risk Rating Low Low
Implementation Status and Key Decisions
This is an interim ISR and contains no updates. This ISR due date coincides with the Mid-Term Review (MTR) mission, which will be held during
March 12-22, 2023. The ISR will be updated based on the MTR findings.
3/8/2023 Page 1 of 6
The World Bank Implementation Status & Results Report
Catalyzing Entrepreneurship for Job Creation (P162835)
Risks
Systematic Operations Risk-rating Tool
Risk Category Rating at Approval Previous Rating Current Rating
Political and Governance Moderate Low Low
Macroeconomic High Substantial Substantial
Sector Strategies and Policies High Low Low
Technical Design of Project or Program Substantial Low Low
Institutional Capacity for Implementation and
Substantial Low Low
Sustainability
Fiduciary Moderate Low Low
Environment and Social Moderate Moderate Moderate
Stakeholders Moderate Low Low
Other -- -- --
Overall High Low Low
Results
PDO Indicators by Objectives / Outcomes
Catalyzing Entrepreneurship
IN01263471
►Number of entrepreneurs receiving financing through the project (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 125,983.00 125,983.00 85,200.00
Date 30-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
This indicator measures the total number of beneficiaries receiving debt and equity financing through the
Comments: project.
IN01263473
Of which total women (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 42.00 42.00 30.00
IN01263475
Of which women aged over 35 (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 24.00 24.00 10.00
IN01263476
3/8/2023 Page 2 of 6
The World Bank Implementation Status & Results Report
Catalyzing Entrepreneurship for Job Creation (P162835)
Of which youth (aged 21-35) (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 46.00 46.00 30.00
IN01263477
Of which receive equity financing (Number, Custom Breakdown)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 70.00 70.00 190.00
Date 28-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
IN01263478
Of which: receive debt financing (Number, Custom Breakdown)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 125,913.00 125,913.00 85,010.00
Date 28-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
Creating Jobs
IN01263472
►Number of jobs created through the project (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 227,490.00 227,490.00 100,000.00
Date 28-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
This number represents the number of jobs for micro enterprises at loan disbursement time. The Number
of jobs for medium and small enterprises are calculated for actual formal insured jobs. The jobs before
loan are considered as the baseline. Semi-annually the number of jobs after loans are calculated and the
Comments:
difference between the number of jobs after the loans compared to the baseline are the actual generated
jobs.
IN01263474
Of which women (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 34.00 34.00 30.00
Intermediate Results Indicators by Components
Component I, II and III
IN01263479
►Risk capital intermediaries receiving equity financing (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
3/8/2023 Page 3 of 6
The World Bank Implementation Status & Results Report
Catalyzing Entrepreneurship for Job Creation (P162835)
Value 0.00 4.00 4.00 10.00
Date 30-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
This indicator measures the total number of financial intermediaries that receive financing through the
Comments:
project (funds that receive follow-on financing through the project should only be counted once))
IN01263480
of which: seed/acceleration stage (Number, Custom Breakdown)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 3.00 3.00 4.00
Date 30-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
IN01263481
of which: SME/Venture capital stage (Number, Custom Breakdown)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 1.00 1.00 6.00
Date 30-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
IN01263482
►Financial intermediaries receiving debt financing through the project (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 56.00 56.00 30.00
Date 30-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
Total number of Financial Intermediaries that receive debt financing through the Project for on-lending to
Comments:
microenterprises and SMEs.
IN01263483
►Volume of risk capital mobilized by private sector entities for innovative startups and high-growth SMES (Amount(USD), Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 35,211,667.00 35,211,667.00 89,000,000.00
Date 28-Jun-2019 31-May-2022 31-May-2022 30-Jun-2025
The indicator tracks the amount of direct financing (in the form of equity) mobilized by private entities,
Comments:
using private funding, to finance investments within an IBRD/IDA operation or investments
IN01263484
►Percent of Beneficiaries satisfied with project interventions (Citizen Engagement Indicator) (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 0.00 0.00 70.00
Date 28-Jun-2019 31-May-2022 31-May-2022 27-Jun-2025
The percentage of entrepreneurs that are satisfied with the financial services provided through the project.
Comments: This is to be outsourced.
3/8/2023 Page 4 of 6
The World Bank Implementation Status & Results Report
Catalyzing Entrepreneurship for Job Creation (P162835)
Performance-Based Conditions
Data on Financial Performance
Disbursements (by loan)
Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed
P162835 IBRD-89510 Effective USD 200.00 200.00 0.00 165.39 34.61 83%
Key Dates (by loan)
Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date
P162835 IBRD-89510 Effective 17-Apr-2019 05-May-2019 15-Jan-2020 30-Jun-2025 30-Jun-2025
Cumulative Disbursements
Restructuring History
There has been no restructuring to date.
Related Project(s)
3/8/2023 Page 5 of 6
The World Bank Implementation Status & Results Report
Catalyzing Entrepreneurship for Job Creation (P162835)
There are no related projects.
3/8/2023 Page 6 of 6