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) AFRICA WEST | Cote d'Ivoire | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2021 | Seq No: 1 | ARCHIVED on 10-Oct-2021 | ISR48420 | Implementing Agencies: Republic of Cote d'Ivoire, Prime Minister's Office/Ministry of Economy and Finance Key Dates Key Project Dates Bank Approval Date: 23-Jun-2021 Effectiveness Date: -- 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 Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions This is the first ISR of the Competitive Value Chains for Jobs and Economic Transformation since it was approved by the Board on June 23, 2021. The borrower has earnestly moved to meet all of the effectiveness conditions on time. The project was signed on July 14, 2021 and is scheduled to enter effectiveness on October 13, 2021. A Partnership Agreement has been signed for FIRCA to provide fiduciary support during the first twelve months of the project during which time the key project staff will be recruited in the Project Coordination Unit. mpaTable 10/10/2021 Page 1 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Multiphase Programmatic Approach (MPA) Status mpaTableBody Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial -- Substantial Macroeconomic Moderate -- Moderate Sector Strategies and Policies Moderate -- Moderate Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Substantial -- Substantial Sustainability Fiduciary Substantial -- Substantial Environment and Social Substantial -- Substantial Stakeholders Low -- Low Other -- -- -- Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Improved competitiveness of supported value chains IN01044239 ►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 20.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 Comments: This indicator will track the increase in average price of exports from supported value chain. IN01044281 By women farmers and women-owned/led firms (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 IN01044283 ►Increase in average value of gross sales (domestic and foreign) by farmers and firms in value chains supported by the project (Percentage, Custom) 10/10/2021 Page 2 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 15.00 Date 01-Jun-2021 -- 23-Sep-2021 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 IN01044285 By women farmers and women-owned/led firms (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 15.00 Increased access to finance for underserved farmers and firms IN01044240 ►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 20.00 Date 01-Jun-2021 -- 23-Sep-2021 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) IN01044282 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 20.00 IN01044284 ►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 2,000.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 New active accounts opened (physical and digital) at MFIs supported by the Project, including farmers and Comments: firms supported by the project IN01044286 Of which women (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,000.00 Intermediate Results Indicators by Components Improving the Competitiveness of Supported Value Chains IN01044287 ►Private co-investment generated by investment mechanisms (Amount(USD), Custom) 10/10/2021 Page 3 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000,000.00 Date 01-Jun-2021 -- 23-Sep-2021 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. IN01044291 ►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 3,000.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 This indicator measures the number of beneficiaries, disaggregated by sex, benefiting from the three Comments: investment mechanisms in Component 1. IN01044294 Of which women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 IN01044299 ►Farmers or workers trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,500.00 Date 01-Jun-2021 -- 23-Sep-2021 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. IN01044302 Of which women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 IN01044305 ►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 25.00 Date 01-Jun-2021 -- 23-Sep-2021 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. IN01044307 ►New innovations in the supported value chains (Number, Custom) 10/10/2021 Page 4 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 01-Jun-2021 -- 23-Sep-2021 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. IN01044310 ►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 4.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 Number of additional hours a women benefiting from childcare services supported by the project is able to Comments: work. IN01044311 ►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 25.00 Date 01-Jun-2021 -- 23-Sep-2021 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 IN01044289 ►Private sector firms receiving financing (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 01-Jun-2021 -- 23-Sep-2021 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) IN01044292 Of which women-owned or led private sector firms (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 IN01044296 ►On-site inspections conducted by MFI Supervisor (DRSSFD) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 12.00 -- 0.00 44.00 10/10/2021 Page 5 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Date 01-Jun-2021 -- 23-Sep-2021 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) IN01044298 ►MFIs adopting digitalization in service delivery to customers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 8.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 Comments: Number of MFIs adopting digitalization in service delivery to customers IN01044300 ►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 35,000,000.00 Date 01-Jun-2021 -- 23-Sep-2021 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) IN01044303 ►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 30.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 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 Comments: co-benefits that are assigned to an activity that promotes efforts 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. IN01044306 ►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 15.00 Date 01-Jun-2021 -- 23-Sep-2021 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 IN01044290 ►Recommended procedures/practices/standards that were improved or eliminated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 10/10/2021 Page 6 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Value 0.00 -- 0.00 12.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 Comments: Aggregation of all recommended procedures/practices/standards that were improved or eliminated IN01044293 ►Average time for customs clearance (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5.70 -- 5.70 2.00 Date 01-Jun-2021 -- 23-Sep-2021 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). IN01044295 ►Average time to get a construction permit (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 163.00 -- 163.00 100.00 Date 01-Jun-2021 -- 23-Sep-2021 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. IN01044297 ►Average time to get land title (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 160.00 -- 160.00 80.00 Date 01-Jun-2021 -- 23-Sep-2021 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. IN01044301 ►Compliance cost savings for the private sector (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10,000,000.00 Date 01-Jun-2021 -- 23-Sep-2021 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 IN01044304 ►Sector-specific legal, regulatory, or administrative reforms implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 12.00 10/10/2021 Page 7 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 This indicator will track the cumulative number of sector-specific legal, regulatory, or administrative reforms Comments: implemented. The sector-specific reforms will be recommended by Component 1.1 (CRIs) and will be implemented through Component 3.4 IN01044308 ►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 7.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 This indicator will measure the average reduction in time (days) for an investor to be assigned industrial Comments: land following request IN01044309 ►Increase in number of enterprises authorized economic operators for Customs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 -- 2.00 10.00 Date 01-Jun-2021 -- 23-Sep-2021 30-Apr-2027 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 Comments: 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 IN01044288 ►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 75.00 Date 01-Jun-2021 -- 23-Sep-2021 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 Not P172425 IDA-69350 USD 50.00 50.00 0.00 0.00 48.87 0% Effective Not P172425 IDA-69360 USD 150.00 150.00 0.00 0.00 146.60 0% Effective 10/10/2021 Page 8 of 9 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P172425 IDA-69350 23-Jun-2021 14-Jul-2021 -- 30-Apr-2027 30-Apr-2027 Effective Not P172425 IDA-69360 23-Jun-2021 14-Jul-2021 -- 30-Apr-2027 30-Apr-2027 Effective Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/10/2021 Page 9 of 9