The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) EASTERN AND SOUTHERN AFRICA | Eastern and Southern Africa | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2022 | Seq No: 1 | ARCHIVED on 27-Sep-2022 | ISR52500 | Implementing Agencies: Federal Democratic Republic of Ethiopia, Federal Republic of Somalia, Kenya Development Corporation, Ministry of Agriculture of Ethiopia, Ministry of Agriculture, Water, Fisheries, Livestock and Maritime Resources of Djibouti, Ministry of Finance of Somalia, Ministry of Trade and Regional Integration of Ethiopia, PTA Reinsurance Company (ZEP-RE), PTA Reinsurance Company (ZEP-RE), Republic of Djibouti, Republic of Kenya, State Department of Livestock of Kenya Key Dates Key Project Dates Bank Approval Date: 21-Jun-2022 Effectiveness Date: 21-Jul-2022 Planned Mid Term Review Date: 19-Mar-2024 Actual Mid-Term Review Date: Original Closing Date: 30-Sep-2027 Revised Closing Date: 30-Sep-2027 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objectives of the project are to enhance pastoralists' access to financial services for drought risk mitigation, include them in the value chains, and facilitate the livestock trade in the Horn of Africa Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Package of financial services for climate resilience:(Cost $179.00 M) Livestock Value Chains and Trade Facilitation:(Cost $181.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- High Implementation Status and Key Decisions 1. The DRIVE project was approved by the Board on June 21, 2022, and the GRiF MDTF grant agreement with ZEP-RE became effective on July 21, 2022. 2. The Financing Agreement for Somalia became effective on August 2, 2022, and Ethiopia on August 5, 2022. 3. The Financing Agreement in Djibouti is expected to be declared effective in September 2022. 9/27/2022 Page 1 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High -- High Macroeconomic High -- High Sector Strategies and Policies High -- High Technical Design of Project or Program High -- High Institutional Capacity for Implementation and High -- High Sustainability Fiduciary Substantial -- Substantial Environment and Social Substantial -- Substantial Stakeholders High -- High Other -- -- -- Overall High -- High Results PDO Indicators by Objectives / Outcomes Pastoralists having access to financial services and capacity building for climate resilience IN01173385 ►Number of pastoralists and their dependents covered by financial services and capacity building under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,600,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflects 250,000 pastoralists who are covered in year 5 by the package (savings, insurance, digital Comments: accounts), multiplied by the number of people in their households (average of 6.4). 50,000 pastoralists would be covered in year one, and this would increase by 50,000 per year. IN01173394 Number of pastoralists and their dependents covered by financial services and capacity building in Ethiopia (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 500,000.00 IN01173397 Number of pastoralists and their dependents covered by financial services and capacity building in Kenya (Number, Custom Supplement) 9/27/2022 Page 2 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 800,000.00 IN01173400 Number of pastoralists and their dependents covered by financial services and capacity building in Somalia (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 300,000.00 IN01173402 ►Percentage of pastoralists who received payouts within 30 days of official announcements of payout by calculation agent (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 80.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This indicator will measure the speed at which pastoralists are paid insurance payouts, once the Comments: insurance has been triggered following a severe drought Pastoralist groups supported by the project and connected to markets IN01173391 ►Number of pastoralist groups supported by the project and connected to markets (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,500.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Those will be groups supported under Component 1 with the package of financial services, and that will be connected to reliable markets either through the same Component 1 or through the facility to de-risk Comments: private investment under Component 2. This will be assessed through contracts and off-take agreements but also through regular sales of livestock from the groups to livestock processors and exporters. IN01173395 Number of Village Savings and Lending Associations supported by the project and connected to markets (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,500.00 IN01173398 Number of pastoralists groups supported in Ethiopia (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 900.00 Date 31-Dec-2021 -- 19-Sep-2022 24-Jun-2026 IN01173401 Number of pastoralist groups supported in Kenya (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,200.00 9/27/2022 Page 3 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Date 31-Dec-2021 -- 19-Sep-2022 24-Jun-2026 IN01173403 Number of pastoralist groups supported in Somalia (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 400.00 Date 31-Dec-2021 -- 19-Sep-2022 30-Sep-2027 Increase in trade in livestock and livestock products IN01173392 ►Ethiopia - Number of live animals exported through Ethiopia Quarantine Centers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 7,621.00 -- 7,621.00 12,274.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: Increase in the export of live animals from quarantine centers IN01173393 ►Kenya - Value of Livestock and Livestock products traded by pastoralists as a result of the project (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 115,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This will reflect the value of livestock and livestock products traded by pastoralist groups linked to value chains. This assumes that the project would contribute 2.5% of the total value of Kenyan livestock exports Comments: (according to the Integrated National Export Development and Promotion Strategy, the potential export value of live animals would be USD$1.8 b and meat at USD$2.8 b at the end of the strategy period). IN01173396 ►Somalia - Value of livestock and livestock product trade (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 398,000,000.00 -- 398,000,000.00 473,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflects the impact of the project on the increase in the official trade in livestock and livestock Comments: products for Somalia. In 2019-2020, livestock trade increased by 2.6%. The project assumes an annual increase of 3.5%. IN01173399 ►Djibouti - value of livestock and livestock product trade (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 21,000,000.00 -- 21,000,000.00 25,000,000.00 9/27/2022 Page 4 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Date 30-Dec-2021 -- 19-Sep-2022 30-Sep-2027 This reflects the impact of the project on the increase in the official trade in livestock and livestock Comments: products for Djibouti, with an expected increase by 19 percent mainly due to livestock products. Intermediate Results Indicators by Components Package of financial services for climate resilience IN01173404 ►Percentage of pastoralists in target areas who received the information to understand the financial products (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 80.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This indicator aims to verify through surveys if pastoralist households have received capacity building to Comments: understand the financial products provided, IN01173406 Female headed pastoralist households who received the information to understand the financial products (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 80.00 IN01173408 ►Number of formal financial sector companies providing services to pastoralists under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 this will reflect the mobilization of microfinance institutions and banks around the provision of package of Comments: financial services, and in particular the opening of new savings accounts for pastoralists groups at those institutions IN01173411 ►Number of digital accounts in use during and at the end of the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 250,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflect the number of digital accounts that are in use as a result of the project, which could either be Comments: payment accounts, or savings accounts IN01173413 ►Percentage of women supported under the project who own a bank account in Kenya (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 9/27/2022 Page 5 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Value 33.00 -- 33.00 37.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: percentage of women supported under the project that own a bank account in a formal financial institution IN01173415 ►Percentage of women supported under the project who own a bank account in Ethiopia (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 29.00 -- 29.00 32.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: percentage of women supported under the project that own a bank account in a formal financial institution IN01173417 ►Percentage of women supported under the project who own a bank account in Somalia (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 25.00 -- 25.00 27.50 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: percentage of women supported under the project that own a bank account in a formal financial institution IN01173418 ►Increase in the savings contributions of pastoralists supported by the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 9.00 50.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This indicator aims to verify how the project has incentivized the growth of savings from the pastoralist Comments: groups supported by the project IN01173420 ►Percentage of pastoralists who report that financial services supported under the project have reduced livestock mortality and distressed sales. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 80.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflect the impact of the product in reducing livestock mortality after a drought. This will be collected Comments: after a severe drought happens. IN01173422 ►Amount of Private Capital Enabled or Mobilized through the project (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 572,000,000.00 9/27/2022 Page 6 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflects Private Capital Enabled (through Component 1) and Private Capital Mobilized (through Comments: Component 2) IN01173424 Amount of Private Capital Enabled from (re)/insurers through Component 1 (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 500,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 IN01173425 Amount of Private Capital Mobilized through the facility to de-risk private investment in Djibouti (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 IN01173426 Amount of Private Capital Mobilized through the facility to de-risk private investment in Ethiopia (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 IN01173427 Amount of Private Capital Mobilized through the facility to de-risk private investment in Kenya (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 40,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 IN01173428 Amount of Private Capital Mobilized through the facility to de-risk private investment in Somalia (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Livestock Value Chains and Trade Facilitation IN01173405 ►Amount of investments supported under component 2 that limit GHG emissions or support adaptation of pastoralists (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 72,000,000.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 9/27/2022 Page 7 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) climate adaptation or mitigation co-benefits will be an eligibility criteria for all investments under the facility Comments: to de-risk private investment in the livestock value chains IN01173407 ►No. of NQI professionals trained on quality infrastructure using cross-border collaboration (total) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 700.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflects the harmonization of standards by providing capacity building to quality infrastructure Comments: professionals using cross-border capacity building tools IN01173409 ►No. of NQI professionals trained on quality infrastructure using cross-border collaboration (in Djibouti) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: This reflects the number of professionals trained on standards (quality infrastructure) in Djibouti IN01173410 ►No. of NQI professionals trained on quality infrastructure using cross-border collaboration (In Ethiopia) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 400.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: This reflects the number of professionals trained on standards (quality infrastructure) in Ethiopia IN01173412 ►No. of NQI professionals trained on quality infrastructure using cross-border collaboration (in Somalia) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 250.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 This reflects the number of professionals trained on standards (quality infrastructure) in Somalia - includes Comments: the Somaliland Quality Control Commission staff IN01173414 ►Number of testing for livestock products conducted by Somalia in line with international practice (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: This includes the number of testing processes undertaken by the Somalia Ministry of Livestock, Forestry and Range, Somalia Bureau of Standards, Somaliland Quality Control Commission, and entities with a 9/27/2022 Page 8 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) mandate to check the quality of livestock and livestock products, to ensure compliance with international norms IN01173416 ►Number of trade facilitation measures supported by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Comments: This reflects the number of interventions that facilitate livestock trade adopted in one location IN01173419 Number of trade facilitation measures adopted in Ethiopia (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 IN01173421 Number of Trade facilitation measures adopted in Somalia (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 IN01173423 Number of trade facilitation measures adopted in Djibouti (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 31-Jan-2022 -- 19-Sep-2022 30-Sep-2027 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P176517 IDA-71240 USD 2.50 2.50 0.00 0.00 2.48 0% Effective Not P176517 IDA-71390 USD 140.00 140.00 0.00 0.00 139.51 0% Effective 9/27/2022 Page 9 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) P176517 IDA-E0380 Effective USD 115.00 115.00 0.00 0.00 110.47 0% P176517 IDA-E0420 Effective USD 70.00 70.00 0.00 0.00 67.32 0% P176517 TF-B8395 Effective USD 28.00 28.00 0.00 0.00 28.00 0% Not P176517 TF-B8407 USD 5.00 5.00 0.00 0.00 5.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P176517 IDA-71240 21-Jun-2022 27-Jun-2022 -- 30-Sep-2027 30-Sep-2027 Effective Not P176517 IDA-71390 21-Jun-2022 29-Jun-2022 -- 30-Sep-2027 30-Sep-2027 Effective P176517 IDA-E0380 Effective 21-Jun-2022 24-Jun-2022 05-Aug-2022 30-Sep-2027 30-Sep-2027 P176517 IDA-E0420 Effective 21-Jun-2022 23-Jun-2022 02-Aug-2022 30-Sep-2027 30-Sep-2027 P176517 TF-B8395 Effective 08-Apr-2022 22-Jun-2022 21-Jul-2022 30-Sep-2027 30-Sep-2027 Not P176517 TF-B8407 08-Apr-2022 -- -- 30-Sep-2027 30-Sep-2027 Effective Cumulative Disbursements 9/27/2022 Page 10 of 11 The World Bank Implementation Status & Results Report De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa (P176517) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 9/27/2022 Page 11 of 11