Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Haiti Business Development and Investment Project (P123974) LATIN AMERICA AND CARIBBEAN | Haiti | Trade & Competitiveness Global Practice | IBRD/IDA | Specific Investment Loan | FY 2013 | Seq No: 8 | ARCHIVED on 30-Jun-2016 | ISR23568 | Implementing Agencies: Ministry of Trade and Industry Key Dates Key Project Dates Bank Approval Date:21-May-2013 Effectiveness Date:11-Nov-2013 Planned Mid Term Review Date:30-Nov-2016 Actual Mid-Term Review Date:-- Original Closing Date:31-May-2018 Revised Closing Date:31-May-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to assist the Recipient in: (a) improving the conditions for private sector investment and inclusive growth; and (b) improving its capacity to respond promptly and effectively to an Eligible Emergency. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1 - Business Environment and Investment Generation:(Cost $2.00 M) Component 2 - Business Development Services for MSMEs:(Cost $15.00 M) Component 3 – Project Management, Evaluation and Monitoring:(Cost $2.50 M) Component 4 – Immediate Response Mechanism:(Cost $0.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  High  High 6/30/2016 Page 1 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Implementation Status and Key Decisions The Project was approved by the Board of the International Development Association on May 21, 2013. The Financing agreement was signed on June 14, 2013 and became effective on November 11, 2013. A level 2 restructuring of the project was approved on December 24, 2015 and counter-signed by Country Director and Minister of Finance on February 5, 2016. The PIU will submit the updated Project documents by June 30, 2016 in order to render the restructuring effective. Through the restructuring, the Business Development and Investment (BDI) Project will continue to pursue its development objective of improving the conditions for private sector investment and inclusive growth, but will move away from a focus on integrated economic zones and instead focus on the development of value chains. The restructuring will reallocate funds from the integrated economic zones activities towards: (i) the expansion of support for the Ministry of Commerce and Industry (MCI)’s regional offices, from 1 to 10 regional offices; and (ii) aggregating the Matching Grants to benefit a group of Micro, Small and Medium Enterprises (MSMEs) and increasing the total envelope for Matching Grants from USD 4 to USD 8 million. Disbursements to date are: US$5,515,278.62 or approximately 29% of the total budget. This ISR provides an update on the activities and results of the last 6 months of the project. Some highlights include: - A senior lawyer was hired by the client to finalize key laws to support business environment reform, in coordination with the Executive (the Prime Minister’s office). - The procurement of a Secured Transactions Registry is underway for the DGI. The finalization of the procurement process and signature of contract is anticipated for July 2016. - A working group was set up to recommend formulas for granting investment incentives in sectors. This work is coordinated by the CFI. - The 7 value chain projects (cacao, coffee, vetiver, mango, avocado, honey and apparel) are moving forward. The Enterprise Support Service (SAE) teams at the Ministry of Commerce and Industry are finalizing public meetings with the entrepreneurs and will submit Business Improvement Plans to the MCI on behalf of the entrepreneurs. Most of the plans propose common services and technical assistance needed for the entrepreneurs to add more value and access more attractive global value chains for their products. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  High  High Macroeconomic  --  High  High Sector Strategies and Policies  --  Substantial  Substantial 6/30/2016 Page 2 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Technical Design of Project or Program  --  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Substantial  Substantial Environment and Social  --  High  High Stakeholders  --  Substantial  Substantial Other  --  --  -- Overall  --  High  High Results Project Development Objective Indicators PHINDPDOTBL  Private sector investment in supported value chains (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 5000000.00 Date -- -- -- 01-Nov-2019 PHINDPDOTBL  Increased value added of supported MSMEs in the selected value chains (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- -- -- 15.00 Date 31-May-2016 -- -- 31-May-2019 PHINDPDOTBL  Increase in value added of poorer MSMEs in supported Value Chains in the poorest Departments (poverty rate above 60%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- -- -- 20.00 Date 31-May-2016 -- -- 01-Nov-2019 6/30/2016 Page 3 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) PHINDPDOTBL  Time taken to disburse funds requested by government for an eligible emergency (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 30.00 Date -- -- -- -- PHINDPDOTBL  Total investment (matching and firms' contribution) as a result of financed Business Improvement Plans (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1200000.00 Date 01-Jun-2016 -- 30-Jun-2016 29-Nov-2019 PHINDPDOTBL  Total investment (matching and firms' contribution) as a result of Matching Grants for Common Services (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6000000.00 Date 01-Jun-2016 -- 30-Jun-2016 29-Nov-2019 PHINDPDOTBL  Number of participants in public consultations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 800.00 1000.00 Date 01-Jan-2015 -- 29-Jun-2016 01-Nov-2019 PHINDPDOTBL  Percentage of MSMEs participating in public consultations (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 78.00 75.00 6/30/2016 Page 4 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Date 01-Jul-2015 -- 29-Jun-2016 01-Mar-2019 PHINDPDOTBL  Number of MSMEs given technical and managerial assistance by MCI SAE teams (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 803.00 900.00 Date 30-Jun-2014 -- 29-Jun-2016 -- PHINDPDOTBL  Average number of hours of technical and managerial assistance received by MSMEs (Hours, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.00 6.00 Date 30-Jun-2014 -- 29-Jun-2016 31-Jul-2019 PHINDPDOTBL  Satisfaction of entrepreneurs/producers with assistance supported by SAE teams (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 70.00 Date 01-Jul-2014 -- -- 31-Oct-2019 PHINDPDOTBL  Number of Haitian public servants that have satisfactorily completed the value chain Strategic Analysis Program (and completed 2 value chain diagnostics) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 40.00 Date 30-Jun-2014 -- -- 01-Nov-2019 6/30/2016 Page 5 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) PHINDPDOTBL  Number of recommended laws, regulations, amendments, codes enacted or Government policies adopted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 01-Nov-2013 -- 29-Jun-2016 29-Nov-2019 PHINDPDOTBL  Secured transactions law revised and submitted to the Prime Minister's office (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Law revised but not Value -- -- formally submitted to Law submitted Prime Minister's office Date 01-Nov-2013 -- 29-Jun-2016 28-Nov-2019 PHINDPDOTBL  Electronic moveable collateral registry (to secure loans) system available for use by MSMEs (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 11-Nov-2013 -- 29-Jun-2016 27-Nov-2019 Overall Comments Intermediate Results Indicators PHINDIRITBL  Total investment (matching and firms' contributions) as a result of financed business improvement plans (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 1200000.00 Date -- -- -- 01-Nov-2019 6/30/2016 Page 6 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) PHINDIRITBL  Total investment (matching and firms' contributions) as a result of Matching Grants for Common Services (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 6000000.00 Date -- -- -- 01-Nov-2019 PHINDIRITBL  Number of participants in public consultations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1000.00 1000.00 Date 01-Dec-2014 -- 29-Jun-2016 01-Nov-2019 PHINDIRITBL  Percentage of MSMEs participating in public consultations (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 75.00 75.00 Date 01-Jan-2015 -- 29-Jun-2016 30-Sep-2019 PHINDIRITBL  Number of MSMEs given technical and managerial assistance by MCI SAE teams (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 803.00 900.00 Date 01-Jul-2014 -- 29-Jun-2016 01-Nov-2019 6/30/2016 Page 7 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) PHINDIRITBL  Average number of hours of technical and managerial assistance received by MSMEs (Hours, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.00 6.00 Date 01-Oct-2014 -- 29-Jun-2016 01-Nov-2019 PHINDIRITBL  Satisfaction of entrepreneurs/producers with assistance supported by SAE teams (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 70.00 Date -- -- -- -- PHINDIRITBL  Number of Haitian public servants that have satisfactorily completed the Value Chain Strategic Analysis Program (and completed 2 value chain diagnostics) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 40.00 Date 01-Aug-2014 -- -- 30-Apr-2019 PHINDIRITBL  Number of recommended laws/regulations/amendments/codes enacted or Government policies adopted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3.00 Date -- -- -- 01-Nov-2019 6/30/2016 Page 8 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) PHINDIRITBL  Secured transactions law revised and submitted to the Prime Minister's office (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not existent -- -- Law submitted Date 25-Apr-2013 11-Dec-2015 11-Dec-2015 31-May-2018 PHINDIRITBL  Electronic moveable collateral registry (to secure loans) system available for use by MSMEs (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date -- -- -- 01-Nov-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P123974 IDA-H8650 Effective XDR 13.40 13.40 0.00 3.95 9.45 29% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P123974 IDA-H8650 Effective 21-May-2013 14-Jun-2013 11-Nov-2013 31-May-2018 31-May-2018 Cumulative Disbursements 6/30/2016 Page 9 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Restructuring History Level 2 Approved on 12-Sep-2013 ,Level 2 Approved on 24-Dec-2015 Related Project(s) There are no related projects. 6/30/2016 Page 10 of 10 Public Disclosure Copy