Public Disclosure Copy The World Bank Implementation Status & Results Report Guyana Payments System Project (P159512) Guyana Payments System Project (P159512) LATIN AMERICA AND CARIBBEAN | Guyana | Finance & Markets Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 1 | ARCHIVED on 22-Jun-2017 | ISR28739 | Implementing Agencies: Bank of Guyana, Ministry of Finance Key Dates Key Project Dates Bank Approval Date:31-Mar-2017 Effectiveness Date:-- Planned Mid Term Review Date:-- Actual Mid-Term Review Date:-- Original Closing Date:31-Mar-2021 Revised Closing Date:31-Mar-2021 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to improve Guyana's national payments system by enhancing safety and efficiency of payments. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Developing Payments System Infrastructure:(Cost $4.30 M) Capacity Building of Bank of Guyana:(Cost $1.38 M) Project Implementation Unit:(Cost $0.32 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Overall Risk Rating  --  Moderate Implementation Status and Key Decisions 6/22/2017 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Guyana Payments System Project (P159512) As of June 2017, the project is pending signature and declaration of effectiveness. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  --  Moderate Macroeconomic  Moderate  --  Moderate Sector Strategies and Policies  Low  --  Low Technical Design of Project or Program  Low  --  Low Institutional Capacity for Implementation and Sustainability  Moderate  --  Moderate Fiduciary  Moderate  --  Moderate Environment and Social  Low  --  Low Stakeholders  Moderate  --  Moderate Other  Moderate  --  Moderate Overall  Moderate  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Percentage of large-value payments processed through the RTGS (Turnover of GDP) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 120.00 Date 30-Mar-2017 -- -- 31-Mar-2021 PHINDPDOTBL  New system observes or broadly observes all applicable PFMI (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Observed or Value Not Observed -- -- Broadly Observed Date 30-Mar-2017 -- -- 31-Mar-2021 6/22/2017 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Guyana Payments System Project (P159512) Overall Comments Intermediate Results Indicators PHINDIRITBL  Organizational unit focused on payments systems and staff with trained personnel at the Bank of Guyana established and functioning (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 30-Mar-2017 -- -- 31-Mar-2021 PHINDIRITBL  Real-Time Gross Settlement System is Operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 30-Mar-2017 -- -- 31-Mar-2021 PHINDIRITBL  Central Securities Depository is Operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 30-Mar-2017 -- -- 31-Mar-2021 6/22/2017 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Guyana Payments System Project (P159512) PHINDIRITBL  Treasury/Ministry of Finance is connected to the RTGS, ACH and CSD platform. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 30-Mar-2017 -- -- 31-Mar-2021 PHINDIRITBL  Guyana Revenue Authority is connected to the RTGS and ACH platform (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 30-Mar-2017 -- -- 31-Mar-2021 PHINDIRITBL  National Insurance Scheme is connected to the RTGS and ACH platform (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 30-Mar-2017 -- -- 30-Mar-2021 PHINDIRITBL  Government payments channeled through the ACH or RTGS (# of payments) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 100.00 Date 30-Mar-2017 -- -- 30-Mar-2021 Overall Comments 6/22/2017 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Guyana Payments System Project (P159512) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P159512 IDA-59660 XDR 4.50 4.50 0.00 0.00 4.50 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P159512 IDA-59660 31-Mar-2017 -- -- 31-Mar-2021 31-Mar-2021 Effective Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/22/2017 Page 5 of 5 Public Disclosure Copy