The World Bank                                                                                                                                                Report No: ISR4478


                                                                                                   Implementation Status & Results
                                                                                                   Papua New Guinea
                                                                           PNG - Small and Medium Enterprise Access to Finance Project (P120707)
Public Disclosure Copy




                         Operation Name: PNG - Small and Medium Enterprise Access to Finance                Project Stage:   Implementation         Seq.No: 1       Status: ARCHIVED     Archive Date:
                                          Project (P120707)
                                                                              Country: Papua New Guinea                              Approval FY:        2011
                         Product Line: IBRD/IDA                               Region: EAST ASIA AND PACIFIC                          Lending Instrument: Financial Intermediary Loan
                         Implementing Agency(ies):

                         Key Dates
                         Board Approval Date      03-May-2011         Original Closing Date 31-Dec-2024            Planned Mid Term Review Date                             Last Archived ISR Date
                         Effectiveness Date                           Revised Closing Date 31-Dec-2024             Actual Mid Term Review Date

                         Project Development Objectives
                         Project Development Objective (from Project Appraisal Document)

                         The proposed development objective of this project is to facilitate access to sustainable credit for small and medium enterprises and thus contribute to
                         incremental growth of SME employment and income.
                         Has the Project Development Objective been changed since Board Approval of the Project?

                            Yes           No

                         Component(s)
                         Component Name                                                                                                          Component Cost
                         Risk Share Facility                                                                                                               11.90
                         Performance-based TA to participating financial intermediaries                                                                      2.95
                         TA to enhance the capacity of SMEs                                                                                                  5.03
                         TA to the Department of Commerce and Industry                                                                                       6.62
Public Disclosure Copy




                         Overall Ratings
                                                                  Previous Rating                       Current Rating
                         Progress towards achievement of PDO                                            Satisfactory
                         Overall Implementation Progress (IP)                                           Satisfactory
                         Overall Risk Rating


                         Implementation Status Overview
                         The project is expected to become effective on September 15, 2011




                                                                                                                                                                                                            Page 1 of 3
                             The World Bank                                                                                                                                                  Report No: ISR4478



                         Locations
                         No Location data has been entered
Public Disclosure Copy




                         Results

                         Project Development Objective Indicators
                         Indicator Name                                   Core   Unit of Measure                      Baseline                           Current                             End Target
                         Outstanding SME Loan Portfolio                          Amount(USD)           Value          117.00

                                                                                                       Date           31-Aug-2011
                                                                                                       Comments       The original figure is 300 kina.
                         Percentage of project-supported institutions            Percentage            Value          100.00
                         that are reporting on this indicator
                                                                                 Sub Type              Date
                                                                                 Supplemental          Comments


                         Intermediate Results Indicators
                         Indicator Name                                   Core   Unit of Measure                      Baseline                           Current                             End Target
                         Return on assets                                        Percentage            Value          1.50

                                                                                                       Date           31-Aug-2011
                                                                                                       Comments



                         Data on Financial Performance (as of 16-Jun-2011)
                         Financial Agreement(s) Key Dates
                         Project               Loan No.                 Status                         Approval Date                  Signing Date                  Effectiveness Date            Closing Date
                         P120707               IDA-49280                Not Effective                  03-May-2011                    14-Jun-2011                                                 31-Dec-2024
Public Disclosure Copy




                         Disbursements (in Millions)
                         Project               Loan No.                 Status              Currency           Original           Revised            Cancelled            Disbursed           Undisbursed         % Disbursed
                         P120707               IDA-49280                Not Effective       XDR                           13.93             13.93                  0.00               0.00                13.93          0.00


                         Disbursement Graph




                                                                                                                                                                                                                  Page 2 of 3
                             The World Bank                         Report No: ISR4478
Public Disclosure Copy




                         Key Decisions Regarding Implementation
                         None.

                         Restructuring History
                         There has been no restructuring to date.

                         Related Projects
                         There are no related projects.
Public Disclosure Copy




                                                                                     Page 3 of 3