Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) Rural Economic Development Initiative (P105122) LATIN AMERICA AND CARIBBEAN | Jamaica | Agriculture Global Practice | IBRD/IDA | Specific Investment Loan | FY 2010 | Seq No: 14 | ARCHIVED on 28-Dec-2016 | ISR26090 | Implementing Agencies: JSIF Key Dates Key Project Dates Bank Approval Date:03-Sep-2009 Effectiveness Date:25-Jan-2010 Planned Mid Term Review Date:31-May-2013 Actual Mid-Term Review Date:15-Jun-2013 Original Closing Date:31-Jul-2016 Revised Closing Date:31-Jul-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) of the proposed REDI project is to improve market access for micro and small-scale rural agricultural producers and tourism product and service providers. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name 1. Rural Subprojects in Agriculture and Rural Tourism:(Cost $14.22 M) National Technical Assistance and Capacity Building:(Cost $0.85 M) Project Management:(Cost $2.43 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Substantial  Substantial 12/28/2016 Page 1 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) Implementation Status and Key Decisions The Jamaica Social Investment Fund has continued to make solid progress towards the achievement of the project's Project Development Objectives. Two the three Project Development Objective targets have already been reached, the third one is already above 96 % of the final target, with further increase expected by closing. Eleven of the thirteen intermediate result indicators have already exceeded their targets. JSIF has completed most of the activities agreed upon during the previous mission and the Project is expected to disburse all funds by the current Closing Date of July 31, 2017. The Project has already completed 77 of the 93 sub-projects it is working on (69 of these are in agriculture, 17 in the tourism sector and 7 support mixed activities). Another US$2,340,000 is expected to be disbursed by the Project’s Closing Date, for sub-projects that are currently in supervision status (13 sub-projects), those for which contracting still remains to be done (3 sub-projects), and a small outstanding amount for completed sub-projects. All on- going sub-projects are expected to be finalized well on time before the project’s Closing Date. The sub-projects have reached nearly 5,000 direct beneficiaries, of which 45% are women, and 11% are young people. A next implementation support mission is expected to take place in May or June 2016 which will concentrate on the evaluation of the Project. 12/28/2016 Page 2 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Low  Low Macroeconomic  --  High  High Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Substantial  Substantial Environment and Social  --  Low  Low Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Number of participating rural enterprises that realize an increase in turnover (sales). (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 45.00 52.00 44.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2016 Comments 118 percent of the end-of-project target 12/28/2016 Page 3 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) PHINDPDOTBL  Number of participating rural enterprises functioning as legally registered entities one year after they started operations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 37.00 42.00 44.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2016 Comments 95 percent of the end-of-project target. This indicator was meant to help measure the sustainability of the investments, by recording the number of investments that were still operational one year after they received funding. The main reason this number is below the end-of- project target is not that a large number of projects have ceased to operate, but simply that a number of these projects still have not reached their one-year anniversary. This indicator is therefore expected to continue to increase over the remaining life of the project, and to reach its target. PHINDPDOTBL  Percentage of participating rural enterprises or producer groups that have accessed new markets (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 88.00 73.00 80.00 Date 07-Oct-2009 01-Apr-2015 28-Nov-2016 31-Jul-2016 Comments 91 percent of the end-of-project target. Overall Comments Intermediate Results Indicators 12/28/2016 Page 4 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) PHINDIRITBL  Number of participating entities that have improved their operations to meet industry standards (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 34.00 56.00 44.00 Date 07-Oct-2009 30-Jun-2015 28-Nov-2016 31-Jul-2017 Comments 127 percent of the end-of-project target. PHINDIRITBL  Percent of rural enterprise participants who are youth (less than 30 years old) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8.00 22.00 15.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 147 percent of the end-of-project target PHINDIRITBL  Percent of rural enterprise participants who are women (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 45.00 45.00 30.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 150 percent of the end-of-project target. 12/28/2016 Page 5 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) PHINDIRITBL  Number of direct jobs created in rural communities receiving project assistance (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 591.00 851.00 300.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 284 percent of the end-of-project target. Average number of jobs created by each investment proved to be higher than expected. PHINDIRITBL  Number of enterprises with new or improved products or services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 34.00 56.00 40.00 Date 07-Oct-2009 30-Jun-2015 28-Nov-2016 31-Jul-2017 Comments 140 percent of the end-of-project target. PHINDIRITBL  Number of rural enterprises integrating environmental good practices and/or business continuity plans in their operations. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 54.00 56.00 40.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 140 percent of the end-of-project target. 12/28/2016 Page 6 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) PHINDIRITBL  Number of participating rural enterprises or producer groups that have developed corporate social plans (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 34.00 42.00 40.00 Date 07-Oct-2009 30-Jun-2015 28-Nov-2016 31-Jul-2017 Comments 105 percent of the end-of-project target. PHINDIRITBL  Number of national entities' staff trained to improve their delivery of support to rural businesses (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 56.00 78.00 50.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 156 percent of the end-of-project target. PHINDIRITBL  Number of national and parish entities that realize enhanced capabilities to serve rural enterprises (studies, policies, equipment,etc.) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 10.00 5.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 200 percent of the end-of-project target. Activities have generated more interest by national entities and a more diversified portfolio than anticipated, as a result of the strong communication strategy by JSIF. 12/28/2016 Page 7 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) PHINDIRITBL  Percentage of subprojects that are implemented in accordance with the time frame in the OM (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.00 60.00 60.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 100 percent of the end-of-project target. PHINDIRITBL  Procurement and FM duties are executed in accordance with national and World Bank guidelines (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 PHINDIRITBL  JSIF project MIS is producing indicator reports within 6 months after the start of the project (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 PHINDIRITBL  Clients who have adopted an improved agr. technology promoted by the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2,399.00 4,282.00 3,500.00 Date 07-Oct-2009 30-Apr-2016 28-Nov-2016 31-Jul-2017 Comments 122 percent of the end-of-project target. 12/28/2016 Page 8 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) PHINDIRITBL  Clients who adopted an improved agr. technology promoted by project – female (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 425.00 1,217.00 1,100.00 Date 07-Oct-2009 30-Jun-2015 28-Nov-2016 31-Jul-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P105122 IBRD-77690 Effective USD 15.00 15.00 0.00 13.91 1.09 93% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P105122 IBRD-77690 Effective 03-Sep-2009 02-Nov-2009 25-Jan-2010 31-Jul-2016 31-Jul-2017 Cumulative Disbursements 12/28/2016 Page 9 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Economic Development Initiative (P105122) Restructuring History Level 2 Approved on 14-Sep-2015 ,Level 2 Approved on 22-Jul-2016 Related Project(s) There are no related projects. 12/28/2016 Page 10 of 10 Public Disclosure Copy