The World Bank Report No: ISR15529 Implementation Status & Results Burkina Faso Growth and Competitiveness Credit 3 (P146640) Public Disclosure Copy Project Name: Growth and Competitiveness Credit 3 (P146640) Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 17-Jul-2014 Country: Burkina Faso Approval FY: 2014 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 05-Dec-2013 Original Closing Date 30-Jun-2014 Planned Mid Term Review Date 20-Jan-2014 Last Archived ISR Date Effectiveness Date 20-Dec-2013 Revised Closing Date 30-Jun-2014 Actual Mid Term Review Date 20-Jan-2014 Program Development Objectives Program Development Objective (from Program Document) The program development objectives of the GCC series are to catalyze private-sector growth, improve governance, enhance public resource management, and build macroeconomic resilience. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview This ISR is the third of a series of four operations. The fourth will be prepared by end June 2015 as well as the Implementation Completion Report of the full series of the Growth and Competitiveness Credit Operations (DPO). A complete review of the results will be undertaken in close conformity with the development policy objectives. Public Disclosure Copy Results Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Food reserves (tons) Amount(USD) Value 15000.00 20000.00 30000.00 Date 30-Dec-2011 31-Dec-2012 Comments Cotton production Amount(USD) Value 340000.00 400000.00 400000.00 Page 1 of 3 The World Bank Report No: ISR15529 Date 31-Dec-2011 31-Dec-2013 31-Dec-2014 Comments This was the original cotton production then. The PDO Public Disclosure Copy defines it as the production amount. Mining revenue Amount(USD) Value 1.80 2.50 3.00 Date 31-Dec-2011 31-Dec-2012 31-Dec-2014 Comments Mining revenue as percent of GDP Percent of budget for decentralized Amount(USD) Value 3.70 4.00 5.00 communities Date 31-Dec-2011 31-Dec-2012 31-Dec-2014 Comments Capitalization of the stabilization fund is at least Amount(USD) Value 5.00 6.00 6 billion CFAF. Date 31-Dec-2011 31-Dec-2014 Comments Average waiting time for customs clearance in Days Value 4.00 4.00 2.00 Ouaga Inter reduced by 50 percent. Date 31-Dec-2011 31-Dec-2013 31-Dec-2014 Comments Public revenue generated by the mining sector Percentage Value 1.80 2.50 4.00 is increased to 4% of GDP. Date 31-Dec-2011 31-Dec-2013 Comments Capitalization of the input fund is at least 10 Amount(USD) Value 0.00 10.00 10.00 billion CFAF. Date 31-Dec-2011 02-Jun-2014 31-Dec-2014 Comments The Support Fund for Women’s Income- Number Value 70000.00 87000.00 80000.00 Generating Activities (FAARF) reaches over Date 31-Dec-2011 30-Sep-2013 31-Dec-2014 80,000 beneficiaries nationwide, with a total Comments loan portfolio of more than CFAF 4.5 billion. Public Disclosure Copy The national food reserve and emergency food Metric ton Value 25000.00 35000.00 50000.00 stocks are increase to at least 50,000 and Date 31-Dec-2012 30-Sep-2013 31-Dec-2014 10,000 tons, respectively. Comments Data on Financial Performance (as of 03-Jan-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date Page 2 of 3 The World Bank Report No: ISR15529 Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P146640 IDA-53270 Effective 05-Dec-2013 09-Dec-2013 20-Dec-2013 30-Jun-2014 30-Jun-2014 P146640 IDA-H8950 Effective 05-Dec-2013 09-Dec-2013 20-Dec-2013 30-Jun-2014 30-Jun-2014 Public Disclosure Copy Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P146640 IDA-53270 Effective XDR 32.60 32.60 0.00 32.60 0.00 100.00 P146640 IDA-H8950 Effective XDR 32.60 32.60 0.00 32.60 0.00 100.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation The documents will be publicly available per the new guidelines. Restructuring History There has been no restructuring to date. Related Operations P126207-BF- First Growth and Competitiveness Credit (GCC-1), P132210-Second Growth and Competitiveness Grant, P151275-Growth and Competitiveness Credit 4 Public Disclosure Copy Page 3 of 3