The World Bank Report No: ISR16353
Implementation Status & Results
Mauritania
MR - Business Environment Enhancement Project (P102031)
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Operation Name: MR - Business Environment Enhancement Project (P102031) Project Stage: Implementation Seq.No: 14 Status: ARCHIVED Archive Date: 14-Dec-2014
Country: Mauritania Approval FY: 2008
Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Specific Investment Loan
Implementing Agency(ies):
Key Dates
Board Approval Date 22-May-2008 Original Closing Date 30-Nov-2013 Planned Mid Term Review Date 16-Sep-2012 Last Archived ISR Date 10-Jun-2014
Effectiveness Date 28-Dec-2009 Revised Closing Date 30-Nov-2014 Actual Mid Term Review Date 18-Sep-2012
Project Development Objectives
Project Development Objective (from Project Appraisal Document)
The overall project development objective (PDO) is to enhance the business climate for financial institutions and other targeted private sector enterprises in Mauritania.
The revised PDO Outcome indicators are: (1) Number of procedures required to establish a business is reduced (2) Percentage of credits reported to the credit registry
increases.
Has the Project Development Objective been changed since Board Approval of the Project?
● Yes No
Component(s)
Component Name Component Cost
1. Improving the Business Climate to Foster Private Sector Development 3.10
2. Building Public-Private Partnerships and Productivity Enhancement 1.10
3. Support for Project Implementation 0.80
Overall Ratings
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Previous Rating Current Rating
Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory
Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory
Overall Risk Rating High High
Implementation Status Overview
This ISR is based on the findings of monthly progress reports since July 2014 and more recent interactions with the client. Implementation progress has picked up considerably with
the newly appointed project coordinator having fully assumed the position and the national elections peacefully concluded with minimum disruptions to the implementation
arrangements agreed. The following progress made are worth high-lighting:
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The World Bank Report No: ISR16353
The One-stop-shop (Guichet Unique) for enterprise creation and investment in Nouakchott is now a reality and has been duly established; the relevant legislation have been revised
and Parliamentary passage and approval received and the agency is operational. The combination of these activities have contributed to a reduction in the time and cost to Starting a
Business. Since the establishment of the 1-stop agency, over two thousand three hundred companies have been created at the agency, and when it used to take nine (9) procedures
and nineteen (19) days to register a business, it now takes an estimated maximum of seven (7) procedures and five (5) days, respectively. In addition, support provided has
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contributed to the reporting of additional credit information, covering one hundred percent (100%) of all credits extended through the formal banking system, which has positively
impacted Access to Credit.
The project disbursement rate has increased to over ninety (90%), with the remaining ten (10%) committed and expected to be disbursed over the next 3 months. The un-disbursed
and uncommitted amount is less than one percent (1% - approximately $40K). Remaining payments for the (i) procurement of IT Equipment for a secured communication line
between the Central Bank of Mauritania and key primary banks for reporting prudential information and other goods and equipment for the Central bank, (ii) the revision of the Code
of Contracts; (iii) Review of priority provisions of the Commercial Code and its implementing decrees to support the establishment of a 1-stop shop for business registration; (iv) global
update of the Commercial Code; (v) Technical assistance on Banking supervision and inspection for the Central Bank of Mauritania; (vi) revision of the Supervision regime in the
insurance industry - support for on-site supervision and a chart of accounts for the insurance industry; (vii) Feasibility study for the Special Economic Zone in Nouadhibou, and the
recent investment forum in Paris; and external audit of project accounts for 2014. All activities agreed to support the reform of some doing business indicators are now close to 100%
completed.
Locations
Country First Administrative Division Location Planned Actual
Mauritania District de Nouakchott Nouakchott
Results
Project Development Objective Indicators
Indicator Name Core Unit of Measure Baseline Current End Target
Number of procedures required to establish a Text Value 11 7 5
business is reduced Date 01-Jan-2008 31-Oct-2014 30-Nov-2014
Comments preliminary Doing Business
data - tbc by November 2014
Percentage of credits reported to the credit Percentage Value 30.00 100.00 50.00
registry increases Date 31-Dec-2012 31-Oct-2014 30-Nov-2014
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Comments All loans greater than 3,000
OM (equivalent to US$10.00)
Intermediate Results Indicators
Indicator Name Core Unit of Measure Baseline Current End Target
Cost to start up a business (as a percent of Text Value 56% 19.8% 35%
GNI per capita) decreases Date 01-Jan-2008 31-Oct-2014 30-Nov-2014
Comments Doing Business 2015 data
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The World Bank Report No: ISR16353
Number of days required to start a business Text Value 65 5 7
decreases Date 01-Jan-2008 29-Aug-2014 30-Nov-2014
Comments tbc by Doing Business 2015
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data
Number of tax payments per year decreases Text Value 38 37 20
Date 01-Jan-2008 29-Aug-2014 30-Nov-2014
Comments Doing Business 2014 data
Direct project beneficiaries Number Value 0.00 0.00 100.00
Date 31-Dec-2012 29-Aug-2014 30-Nov-2014
Comments measures to be provided by
November 30, 2014
Female beneficiaries Percentage Value 0.00 0.00 100.00
Sub Type
Supplemental
A one-stop-shop for enterprise creation is Yes/No Value No Yes Yes
established and operational Date 31-Dec-2012 29-Aug-2014 30-Nov-2014
Comments two established at
Nouadhibou Free Zone; and
Nouakchott
The commercial registry is computerized and Yes/No Value No Yes Yes
operational Date 31-Dec-2012 29-Aug-2014 30-Nov-2014
Comments
Data on Financial Performance (as of 03-Nov-2014)
Financial Agreement(s) Key Dates
Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date
P102031 IDA-44480 Effective 22-May-2008 01-Jul-2008 28-Dec-2009 30-Nov-2013 30-Nov-2014
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Disbursements (in Millions)
Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed
P102031 IDA-44480 Effective XDR 3.20 3.20 0.00 2.62 0.58 82.00
Disbursement Graph
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The World Bank Report No: ISR16353
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Key Decisions Regarding Implementation
The partial success of the reforms on business environment has invigorated government's efforts to do more hence further support to the Doing Business Steering committee will
further enhance the sustainability of outcomes achieved this far. However, there would be no need to extend the closing date.
Restructuring History
Level one Approved on 19-Mar-2013
Related Projects
There are no related projects.
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