The World Bank Report No: ISR2909 Implementation Status & Results Kyrgyz Republic Public Disclosure Copy Agribusiness & Marketing Project (P049724) Operation Name: Agribusiness & Marketing Project (P049724) Project Stage: Implementation Seq.No: 12 Status: ARCHIVED Last Modified Date: 28-Jul-2011 Country: Kyrgyz Republic Approval FY: 2005 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Ministry of Finance, Ministry of Economic Regulation Key Dates Board Approval Date 14-Dec-2004 Original Closing Date 31-Dec-2010 Planned Mid Term Review Date 30-Mar-2009 Last Archived ISR Date 03-Jan-2011 Effectiveness Date 02-May-2005 Revised Closing Date 31-Dec-2011 Actual Mid Term Review Date 13-Apr-2009 Project Development Objectives Project Development Objective (from Project Appraisal Document) Original PDO: The direct project development objectives will be to expand the level of activity of processing, marketing, and trade enterprises downstream of the farmgate, to increase the number and economic importance of producer organizations, and to improve the functioning of markets and trade linkages between producers, and primary and secondary level trade organizations. The Project will work directly with private enterprises and producer and other commercial organizations to improve the competitiveness of Kyrgyz products. The ultimate objective of these efforts will be to increase the amount of value added to Kyrgyz agro-food commodities, to increase sales of those commodities both domestically and abroad, and to improve the operation of domestic agricultural markets. Revised PDO: The objective of the Project is to assist the Borrower in increasing and enhancing the business activities of the Beneficiary agribusinesses supporting the Borrower#s economic growth. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost MARKET DEVELOPMENT 2.64 Public Disclosure Copy ACCESS TO CREDIT 5.27 PROJECT MONITORING AND ADVISORY 0.02 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Implementation Status Overview Page 1 of 5 The World Bank Report No: ISR2909 The project continues to maintain good progress in most areas even though some delays were caused by the political and social turmoil in April and June 2010. Results achieved to date under the Enterprise Development Subcomponent and the Market Development Services trade facilitation deserve high praise and, with one exception, the credit line Public Disclosure Copy component is performing equally satisfactorily. The Agribusiness Competitiveness Center (ABCC) continues to monitor the markets, identify the trade and administrative barriers and develop proposals for their mitigation or removal, as well as provide technical assistance and advice to the agribusiness companies, which is highly demanded. Such a demand for ABCC services in a market where some other projects had difficulties in getting the enterprises interested in their consultancy services, is a good indication of true value added by the project technical assistance. The Market Development Service (MDS) continues to successfully facilitate the trading and promotion of Kyrgyz agricultural products both domestically and abroad. Since its inception in 2006, the MDS has facilitated 1,216 client contacts on various matters, including 96 trade deals for about 38,000 tons of products at a total value of US$13.3 million (91% was sold to export markets). A total of 81 sub-loans have been financed under the project directly from the Credit Line and from the reflows in the total amount of US$5.5 million equivalent. Total investments mobilized into the agribusiness sector amount to close to US$10 million equivalent, including the required co-financing by Participating Financial Institutions and beneficiaries. An extensive training program of loan officers of commercial banks has also been provided under the project. The Market Conditions Analysis Unit (MCAU) continues to collect and provide the Ministry of Agriculture with the current price information and market analysis on key food items. These have also been posted regularly on the ABCC website. Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase in sales of agribusinesses supported Percentage Value 0.00 40.00 25.00 by the Project, nominal Date 02-May-2005 16-May-2011 31-Dec-2011 Comments No agribusinesses were This indicator will be updated supported before the start of in the Fall of 2011, based on the project the 2011 agricultural season Increase in profits of agribusinesses supprted Percentage Value 0.00 40.00 20.00 by the Project, nominal Date 02-May-2005 16-May-2011 31-Dec-2011 Comments No agribusinesses supported This indicator will be updated before the project in the Fall of 2011, based on the 2011 agricultural season Public Disclosure Copy Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Volume (in US$) of trade deals facilitated Amount(USD) Value 0.00 13300000.00 2000000.00 Date 02-May-2005 16-May-2011 31-Dec-2011 Comments MDS was set up under the This indicator will be updated project in the fall of 2011, based on the 2011 agricultural season Number of agribusinesses receiving assistance Number Value 0.00 41.00 40.00 from ABCC Date 02-May-2005 16-May-2011 31-Dec-2011 Page 2 of 5 The World Bank Report No: ISR2909 Comments No enterprises supported 20 were supported under the before the project first TA package; 21 under the Public Disclosure Copy second TA package Number of key business environment Number Value 0.00 3.00 3.00 constraints identified and tackled Date 02-May-2009 16-May-2011 31-Dec-2011 Comments Two VAT calculation on agricultural produce issues (for exports to Kazakhstan and exports to Russia) tackled; one more issue - on illegal payments in key selected transit corridors being monitored Number of public service staff trained Number Value 0.00 1070.00 50.00 Date 02-May-2005 16-May-2011 31-Dec-2010 Comments During seminars and presentations-discussions Total volume of investments attracted to Amount(USD) Value 0.00 10000000.00 10000000.00 beneficiary agribusinesses Date 02-May-2009 16-May-2011 31-Dec-2011 Comments Number of loan officers trained in the banking Number Value 0.00 756.00 150.00 sector Date 02-May-2009 16-May-2011 31-Dec-2011 Comments Including: 341 in Investment Lending and Leasing 292 in Structured Finance, 123 in Environmental Training Public Disclosure Copy Number of Grants to producer organizations/ Number Value 0.00 0.00 50.00 cooperatives Date 17-Jul-2009 16-May-2011 31-Dec-2011 Comments Disbursement of grants has not started, as the Amendment to the DCA has to be signed by the President after the ratification Number of market analysis reports prepared Number Value 0.00 52.00 20.00 and disseminated Date 02-May-2005 16-May-2011 31-Dec-2010 Page 3 of 5 The World Bank Report No: ISR2909 Indicator Name Core Unit of Measure Baseline Current End Target Comments Market Conditions Analysis Public Disclosure Copy Unit, which prepares reports, set up under the project Volume of Bank Support: Lines of Credit - SME Amount(USD) Value 0.00 4050000.00 2500000.00 Date 02-May-2005 16-May-2011 31-Dec-2011 Comments Disbursements for agribusiness development Volume of Bank Support: Institutional Amount(USD) Value 0.00 434800.00 200000.00 Development - SME Date 02-May-2005 16-May-2011 31-Dec-2011 Comments Project-specific TA to the banking sector Data on Financial Performance (as of 29-Mar-2011) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P049724 IDA-40150 Effective 14-Dec-2004 03-Feb-2005 02-May-2005 31-Dec-2011 P049724 TF-53554 Effective 03-Feb-2005 03-Feb-2005 02-May-2005 31-Dec-2011 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P049724 IDA-40150 Effective USD 8.10 8.10 0.00 5.31 3.22 66.00 P049724 TF-53554 Effective USD 4.75 4.75 0.00 3.79 0.96 80.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR2909 Public Disclosure Copy Key Decisions Regarding Implementation There are no decisions for disclosure. Restructuring History Board Approved on 17-Jul-2009, Level two Approved on 17-Dec-2010, Level two Approved on 28-Dec-2010 Related Projects There are no related projects. Public Disclosure Copy Page 5 of 5