The World Bank Implementation Status & Results Report Formal Employment Creation Project (P171766) Formal Employment Creation Project (P171766) EUROPE AND CENTRAL ASIA | Turkey | Social Protection & Jobs Global Practice | IBRD/IDA | Investment Project Financing | FY 2020 | Seq No: 2 | ARCHIVED on 23-Mar-2021 | ISR45726 | Implementing Agencies: Development and Investment Bank of Turkey, Development and Investment Bank of Turkey Key Dates Key Project Dates Bank Approval Date: 31-Mar-2020 Effectiveness Date: 25-Sep-2020 Planned Mid Term Review Date: 29-Oct-2021 Actual Mid-Term Review Date: Original Closing Date: 31-Dec-2024 Revised Closing Date: 31-Dec-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project objective is to enhance the conditions for formal job creation by firms operating in provinces with high incidence of Syrians under Temporary Protection (SuTP), for the benefit of Turkish citizens and refugees. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Loans targeting firms with high potential for job creation:(Cost $345.77 M) Grants targeting firms conditional on job creation:(Cost $76.94 M) Technical and Institutional Support:(Cost $7.27 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The World Bank team held its first Implementation Support Virtual Mission between November 9-19, 2020.The second mission is planned for the last week of March 2021. This ISR is based on the findings from the First Mission, the meetings and exchange of e-mail with the TKYB. Overall, project implementation is on track and both implementation progress and progress towards achievement of PDO are Satisfactory despite the Covid-19 pandemic. The PIU is led by a coordinator and approximately 23 staff (including loan disbursement, IT, communication, HR, environment and procurement specialists). TKYB has designated a senior management representative to have overall accountability for environmental and social performance of Sub-projects. Further, TKYB identified both Environment and Social and GRM specialists. TKYB has finalized the Communication and Visibility Plan (CVP) for the grant component of the Project 3/23/2021 Page 1 of 6 The World Bank Implementation Status & Results Report Formal Employment Creation Project (P171766) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Moderate Moderate Moderate Environment and Social Substantial Substantial Substantial Stakeholders Moderate Moderate Moderate Other Substantial Substantial Substantial Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes To increase access to finance in loan beneficiary firms IN00961180 ►Ratio of the average maturity of beneficiary firms sub-financing under the project, over the average maturity of borrower's portfolio not financed under the project (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 >1 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 To increase formal job creation in grant beneficiary firms IN00961179 ►Number of formal jobs created by Grants (disaggregated by gender) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 9,000.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 3/23/2021 Page 2 of 6 The World Bank Implementation Status & Results Report Formal Employment Creation Project (P171766) IN00961348 Number of formal jobs created in SMEs (disaggregated by gender) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4,500.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 IN00961349 Number of formal jobs created for women (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,700.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 To enhance skills in beneficiary firms IN00961346 ►Increased management skills in loan beneficiary firms (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 >1 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 IN00961347 ►Increased employee skills in grant beneficiary firms (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 >1 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 Intermediate Results Indicators by Components Loans targeting firms with high potential for job creation IN00961350 ►Capital Stock of loan beneficiary firms (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 >1 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 30-Jun-2024 Comments: Capital-output ratio will be calculated per firm (and cell-based) 3/23/2021 Page 3 of 6 The World Bank Implementation Status & Results Report Formal Employment Creation Project (P171766) Grants targeting firms conditional on job creation IN00961351 ►Number of firms receiving grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 770.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 30-Jun-2024 IN00961354 ►Number of women-inclusive firms receiving grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 255.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 30-Jun-2024 Strengthening capacity of beneficiary firms, TKYB, and PFIs IN00961352 ►Monitoring and Evaluation system developed (TKYB and SGK) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 30-Jun-2021 IN00961353 ►Training provided to loan officers (in TKYB and PFIs) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 30-Jun-2024 IN00961355 ►Number of employers completing training (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 120.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 IN00961356 ►Number of employees completing training (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4,500.00 3/23/2021 Page 4 of 6 The World Bank Implementation Status & Results Report Formal Employment Creation Project (P171766) Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 IN00961357 ►Citizen engagement: Loan beneficiaries report that project sub-finance reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 Comments: Measures feedback from firms - review committees tasked with utilizing feedback. IN00961358 ►Citizen engagement: Grant beneficiaries report that project sub-finance reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 Comments: Measures feedback from firms - review committees tasked with utilizing feedback. IN00961359 ►Citizen engagement: Workers in grant beneficiary firms reporting that training and employment processes met their needs (disaggregated by gender) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 85.00 Date 30-Jun-2020 10-Aug-2020 01-Mar-2021 31-Dec-2024 Comments: Measures feedback from end beneficiaries – review committees tasked with utilizing feedback. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P171766 IBRD-90780 Effective USD 347.35 347.35 0.00 51.17 301.41 15% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P171766 IBRD-90780 Effective 31-Mar-2020 01-Jun-2020 25-Sep-2020 31-Dec-2024 31-Dec-2024 3/23/2021 Page 5 of 6 The World Bank Implementation Status & Results Report Formal Employment Creation Project (P171766) Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History Level 2 Approved on 09-Jan-2021 Related Project(s) There are no related projects. 3/23/2021 Page 6 of 6