Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Post-Disaster Partial Credit Guarantee Program Support Project (P121391) Haiti Post-Disaster Partial Credit Guarantee Program Support Project (P121391) LATIN AMERICA AND CARIBBEAN | Haiti | Financial and Private Sector Development Global Practice | IBRD/IDA | Specific Investment Loan | FY 2011 | Seq No: 8 | ARCHIVED on 21-Jan-2015 | ISR17934 | Implementing Agencies: Key Dates Key Project Dates Board Approval date:14-Dec-2010 Effectiveness Date:22-Feb-2011 Planned Mid Term Review Date:31-Mar-2013 Actual Mid-Term Review Date:11-Sep-2012 Original Closing Date:28-Feb-2017 Revised Closing Date:28-Feb-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to support the development of a partial credit guarantee program by the Recipient to help (i)financial institutions restart lending; and (ii) financial sector borrowers overcome the impact of the Emergency. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Supporting the Provision of Partial Credit Guarantees:(Cost $2.50 M) Financial Sector Technical Assistance:(Cost $0.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Unsatisfactory  Unsatisfactory Overall Implementation Progress (IP)  Unsatisfactory  Unsatisfactory Overall Risk Rating  --  High Implementation Status and Key Decisions 1/21/2015 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Post-Disaster Partial Credit Guarantee Program Support Project (P121391) The restructuring of the project, so as to implement the second Pillar of the Partial Credit Guarantee Fund was approved in January 2013 and the amended Financing Agreement signed in March 2013. While the project has supported some activities to improve the conditions for lending, the launch of the second pillar has been delayed due to funding constraints and is not likely to become operational. The Government of Haiti is revising the continuation of the project. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  High Macroeconomic  --  --  Substantial Sector Strategies and Policies  --  --  Moderate Technical Design of Project or Program  --  --  Moderate Institutional Capacity for Implementation and Sustainability  --  --  High Fiduciary  --  --  Moderate Environment and Social  --  --  Moderate Stakeholders  --  --  Moderate Other  --  --  -- Overall  --  --  High Results Project Development Objective Indicators PHINDPDOTBL  Total volume of overdue loans at the end of each calendar year (NPL Ratio) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.60 4.64 3.00 5.00 1/21/2015 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Post-Disaster Partial Credit Guarantee Program Support Project (P121391) Date 31-Mar-2012 31-Mar-2014 30-Sep-2014 31-Dec-2016 PHINDPDOTBL  Total volume of outstanding loan portfolio at the end of each calendar year (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 41000.00 64023.00 68178.00 56000.00 Date 31-Mar-2012 31-Mar-2014 30-Sep-2014 31-Dec-2016 PHINDPDOTBL  Outstanding SME Loan Portfolio (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 800.00 Date 12-Apr-2013 17-Jun-2014 31-Dec-2014 31-Dec-2016 PHINDPDOTBL  Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2000.00 Date 12-Apr-2013 17-Jun-2014 31-Dec-2014 31-Dec-2016 PHINDPDOTBL  Total of SME benefitting from the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2000.00 Date 12-Apr-2013 17-Jun-2014 31-Dec-2014 31-Dec-2016 1/21/2015 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Post-Disaster Partial Credit Guarantee Program Support Project (P121391) PHINDPDOTBL  Number of women benefitting from Guarantees under the program (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 300.00 Date 12-Apr-2013 17-Jun-2014 31-Dec-2014 31-Dec-2016 Overall Comments Intermediate Results Indicators PHINDIRITBL  The design and implementation of measures alongside the PCGP to remove some obstacles to credit growth. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y N Date 30-Jun-2010 17-Jun-2014 31-Dec-2014 30-Dec-2015 Overall Comments The Central Bank was supported in drafting / revising lthe legislation pertaining credit bureaus. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P121391 IDA-H6300 Effective XDR 2.00 2.00 0.00 1.59 0.41 79% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P121391 IDA-H6300 Effective 14-Dec-2010 07-Jan-2011 22-Feb-2011 28-Feb-2017 28-Feb-2017 Cumulative Disbursements 1/21/2015 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Post-Disaster Partial Credit Guarantee Program Support Project (P121391) Restructuring History Level Approved on 29-Jan-2013 Related Project(s) There are no related projects. 1/21/2015 Page 5 of 5 Public Disclosure Copy