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: 6 | ARCHIVED on 30-May-2022 | ISR49745 | 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: -- 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 Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions This ISR is being filed solely for the purpose of complying with its six-monthly due date of May 24. The due date coincides with a mission that is currently taking place from May 22-June 2, 2022. No update is being provided in this ISR, and the team will file a comprehensive ISR following completion of the current mission, and finalization of the Aide-memoire. 5/30/2022 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 Moderate Moderate Macroeconomic High Substantial Moderate Sector Strategies and Policies High Moderate Moderate Technical Design of Project or Program Substantial Substantial Moderate Institutional Capacity for Implementation and Substantial Substantial Moderate Sustainability Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- Moderate Overall High Moderate Moderate Results PDO Indicators by Objectives / Outcomes Catalyzing Entrepreneurship IN01084722 ►Number of entrepreneurs receiving financing through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 46,483.00 46,483.00 85,200.00 Date 30-Jun-2019 16-Nov-2021 16-Nov-2021 30-Jun-2025 This indicator measures the total number of beneficiaries receiving debt and equity financing through the Comments: project. IN01084724 Of which total women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 33.00 33.00 30.00 IN01084771 Of which women aged over 35 (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19.00 19.00 10.00 IN01084772 5/30/2022 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 41.00 41.00 30.00 IN01084773 Of which receive equity financing (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 190.00 Date 28-Jun-2019 16-Nov-2021 16-Nov-2021 30-Jun-2025 IN01084774 Of which: receive debt financing (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 46,483.00 46,483.00 85,010.00 Date 28-Jun-2019 16-Nov-2021 16-Nov-2021 30-Jun-2025 Creating Jobs IN01084723 ►Number of jobs created through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 90,448.00 90,448.00 100,000.00 Date 28-Jun-2019 16-Nov-2021 16-Nov-2021 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. IN01084725 Of which women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 31.00 31.00 30.00 Intermediate Results Indicators by Components Component I, II and III IN01084775 ►Risk capital intermediaries receiving equity financing (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 5/30/2022 Page 3 of 6 The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) Value 0.00 1.00 1.00 10.00 Date 30-Jun-2019 16-Nov-2021 16-Nov-2021 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)) IN01084776 of which: seed/acceleration stage (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 1.00 4.00 Date 30-Jun-2019 16-Nov-2021 16-Nov-2021 30-Jun-2025 IN01084777 of which: SME/Venture capital stage (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 6.00 Date 30-Jun-2019 16-Nov-2021 16-Nov-2021 30-Jun-2025 IN01084778 ►Financial intermediaries receiving debt financing through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 40.00 40.00 30.00 Date 30-Jun-2019 16-Nov-2021 16-Nov-2021 30-Jun-2025 Total number of Financial Intermediaries that receive debt financing through the Project for on-lending to Comments: microenterprises and SMEs. IN01084779 ►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 0.00 0.00 89,000,000.00 Date 28-Jun-2019 16-Nov-2021 16-Nov-2021 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 IN01084780 ►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 16-Nov-2021 16-Nov-2021 27-Jun-2025 The percentage of entrepreneurs that are satisfied with the financial services provided through the project. Comments: This is to be outsourced. 5/30/2022 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 0.00 147.50 52.50 74% 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) 5/30/2022 Page 5 of 6 The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) There are no related projects. 5/30/2022 Page 6 of 6