Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) Private Sector Competitiveness (P130091) EUROPE AND CENTRAL ASIA | Tajikistan | Trade & Competitiveness Global Practice | IBRD/IDA | Specific Investment Loan | FY 2012 | Seq No: 9 | ARCHIVED on 19-Oct-2016 | ISR24861 | Implementing Agencies: State Investment and Property Management Committee Key Dates Key Project Dates Bank Approval Date:10-May-2012 Effectiveness Date:06-Sep-2012 Planned Mid Term Review Date:15-Sep-2015 Actual Mid-Term Review Date:30-Oct-2015 Original Closing Date:31-Dec-2016 Revised Closing Date:30-Sep-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the project is to remove key constraints to business development and investment by: (i) simplifying business registration and construction permitting processes; (ii) improving regulations and infrastructure underlying access to financial services; and (iii) encouraging development of the mining industry, where Tajikistan has a competitive advantage. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured)PHRPDODEL The development objective of the project is to foster increased efficiency in key areas that influence private sector competitiveness, including business registration, infrastructure underlying access to financial services, and the mining industry. Components Name Encouraging competitiveness and development of the mining industry:(Cost $3.38 M) Strengthening business registration systems and processes:(Cost $0.85 M) Institutional strengthening to support a single window for Construction Permits:(Cost $0.60 M) Improvement of Financial Infrastructure:(Cost $4.52 M) Project Management:(Cost $0.65 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Unsatisfactory  Moderately Unsatisfactory 10/19/2016 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) Overall Implementation Progress (IP)  Moderately Unsatisfactory  Moderately Unsatisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions Since the last ISR in February, 2016, progress has mainly been made on Components 2 and 3 of the Project, covering business registration and institutional strengthening to support a single window for construction permits. Significant progress has been made on consulting with the client on how to improve procurement activities and on signing new contracts for other tasks under these Components. There is also progress on Component 1, namely the extension of MGD’s contract with GAF to modernize the mining laboratory and the submission of draft Subsoil Law for Government approval on September 16, 2016. In spite of the above-mentioned progress, the Project is still lagging behind the implementation plan in terms of disbursement rates (in particular Component 4 - Financial Infrastructure) and completion of the planned Project activities. In response to the slow disbursement, both the PMU and Implementing Agencies have paid greater attention to completing procurement activities. However, more discussion is needed on the strategy and actions required to ensure the timely completion of the Project activities and achievement of the PDO and intermediate results indicators. The task team is working hard on further accelerating of implementation of the Project and restructuring the Project to extend the closing date by nine months. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Substantial Macroeconomic  --  Moderate  High Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  High  High Fiduciary  --  Substantial  Substantial Environment and Social  --  Low  Low Stakeholders  --  Moderate  Moderate Other  --  --  -- Overall  --  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Indicator One: Time spent on business registration (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 24.00 11.00 11.00 5.00 10/19/2016 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDPDOTBL  Indicator Two: Lending based on new registration of security interests in the new collateral registry using moveable assets as collateral (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20000000.00 Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDPDOTBL  Indicator Three: Modern Automated Transfer System (ATS) and module of financial instruments for interbank transactions operational (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target System installed and operational and Value Not in existence In Progress In Progress all relevant staff trained to use it. Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDPDOTBL  Indicator Four: Legal and regulatory framework to improve bank supervision is developed, adopted, and implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 7.00 Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDPDOTBL  Indicator Five: Number of new mining exploration licenses issued (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.00 3.00 3.00 10.00 10/19/2016 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Dec-2017 Overall Comments Intermediate Results Indicators PHINDIRITBL  Intermediate Result indicator One: Number of staff of Statistics Agency, Social Insurance Agency, and Tax Committee trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 20.00 20.00 30.00 Date 13-May-2014 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDIRITBL  Intermediate Result indicator Two: Visits to new Construction Committee Website (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2000.00 Date 01-Mar-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDIRITBL  Intermediate Result indicator Three: Regulatory framework to improve payment system is developed and implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 4.00 4.00 7.00 Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 10/19/2016 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) PHINDIRITBL  Intermediate Result indicator Four: Contingency planning and crisis management framework adopted and implemented (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 0.00 Date 01-Jul-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDIRITBL  Intermediate Results Indicator Five: Average time to issue a mining exploration license (Months, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 36.00 36.00 36.00 18.00 Date 01-Mar-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDIRITBL  Intermediate Result indicator Six: Share of geological surveys in electronic form on Modern System (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 01-Mar-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDIRITBL  Intermediate Result indicator Seven: Share of existing and new claims in the Mining Cadastre on new system (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 Date 01-Mar-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 10/19/2016 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) PHINDIRITBL  Direct Project Beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 0.00 Date 01-Mar-2012 31-Oct-2015 20-Sep-2016 30-Sep-2017 PHINDIRITBL  Female Project Beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P130091 IDA-H7710 Effective XDR 6.50 6.50 0.00 2.33 4.17 36% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P130091 IDA-H7710 Effective 10-May-2012 08-Jun-2012 06-Sep-2012 31-Dec-2016 30-Sep-2017 Cumulative Disbursements 10/19/2016 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Private Sector Competitiveness (P130091) Restructuring History Level 1 Approved on Related Project(s) There are no related projects. 10/19/2016 Page 7 of 7 Public Disclosure Copy