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: 7 | ARCHIVED on 04-Jan-2016 | ISR22356 | 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:01-Aug-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 Unsatisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  --  High 1/4/2016 Page 1 of 9 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. The Project became effective on November 11, 2013. The restructuring of the project was approved on December 24, 2015. The restructuring expands the support for the Ministry of Commerce and Industry's regional offices to include all ten offices and also aggregates and increases the amount of the matching grants. The implementation of the project continues steadily with a current disbursement rate of 26%. Technical assistance to the Investment Promotion Agency (Centre de Facilitation des Investissements) on improving the regulatory and institutional framework for investment incentives was finalized, and the Minister of Economy and Finance has requested additional support to implement the recommendations. The value chain competitive reinforcement initiatives in all ten regional Departments continues (in the following value chains: coffee, cocoa, vetiver, mango, avocado, honey and apparel) and the teams are working on their action line documents which will define the actions needed to improve the competitiveness of the value chains. 1/4/2016 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Risks Systematic Operations Risk-rating Tool 1/4/2016 Page 3 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  High Macroeconomic  --  --  High Sector Strategies and Policies  --  --  Substantial Technical Design of Project or Program  --  --  Substantial Institutional Capacity for Implementation and Sustainability  --  --  Substantial Fiduciary  --  --  Substantial Environment and Social  --  --  High Stakeholders  --  --  Substantial Other  --  --  -- Overall  --  --  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 1/4/2016 Page 4 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) Date 31-May-2016 -- -- 01-Nov-2019 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 -- -- -- -- 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 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 1/4/2016 Page 5 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) PHINDIRITBL  Number of participants in public consultations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 1000.00 Date -- -- -- 01-Nov-2019 PHINDIRITBL  Percentage of MSMEs participating in public consultations (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- -- Date -- -- -- -- 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 -- -- 900.00 Date -- -- -- 01-Nov-2019 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 -- -- 6.00 Date -- -- -- 01-Nov-2019 1/4/2016 Page 6 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) 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 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 1/4/2016 Page 7 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Haiti Business Development and Investment Project (P123974) 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 3.47 9.93 26% 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 1/4/2016 Page 8 of 9 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. 1/4/2016 Page 9 of 9 Public Disclosure Copy