Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) Djibouti: Governance for Private Sector Development Project (P146250) MIDDLE EAST AND NORTH AFRICA | Djibouti | Trade & Competitiveness Global Practice | IBRD/IDA | Investment Project Financing | FY 2014 | Seq No: 4 | ARCHIVED on 13-May-2016 | ISR21394 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:23-Jun-2014 Effectiveness Date:12-Mar-2015 Planned Mid Term Review Date:01-Mar-2017 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2019 Revised Closing Date:31-Dec-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to help improve Djibouti's business environment. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions The financing agreement have been signed on November 6 2014. The project became effective on March 12, 2015 after meeting effectiveness and dated the legal covenants which included staffing of the PIU( FM and procurement specialist ) and formal adoption of the project operations manual. To date, the client connection designated account is active. - The Project PIU (Unite de Gestion) is initially encourtering difficulties due to its lack of exreoice in project implementation. 5/13/2016 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) The effectiveness conditions on this project included the signing of the subsidiary agreement between ANPI and the Gov with the normal conditions such as the ratification of the LA and the issuance of a legal opinion on the LA by Djibouti Government ‘s legal department; with the additional Legal Matters consisting of the following: the Subsidiary Agreement has been duly authorized or ratified by the Recipient and the Project Implementing Entity and is legally binding upon the Recipient and the Project Implementing Entity in accordance with its terms. Procurement Specialist and a Financial Management specialist on duty at this time. . A new FM specialist has been quickly recruted in Januaray following the departurwe pf the former FM specialist 5/13/2016 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Substantial  High Macroeconomic  --  Moderate  Substantial Sector Strategies and Policies  --  Substantial  Substantial 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  --  Substantial  Substantial Other  --  Moderate  Moderate Overall  --  Substantial  Substantial Results 5/13/2016 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) Project Development Objective Indicators PHINDPDOTBL  Reduction of time to create a business (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 17.00 14.00 14.00 3.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jul-2020 PHINDPDOTBL  Reduction in time to register a property (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 39.00 39.00 39.00 10.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 PHINDPDOTBL  Decrease in the average number of days to settle a commerical dispute (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 400.00 400.00 400.00 180.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1200.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target 5/13/2016 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) Value 20.00 0.00 0.00 20.00 Overall Comments Intermediate Results Indicators PHINDIRITBL  Percentage of Commerical Chamber Decisions Published on the Website (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 95.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 PHINDIRITBL  Percetage of property titles computerized (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 PHINDIRITBL  Percentage of magistrates trained (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 5/13/2016 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) PHINDIRITBL  Number of enterprises registered per year of which 20% are led by women (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 150.00 150.00 150.00 1200.00 Date 15-Jan-2014 30-Jun-2020 05-May-2016 30-Jun-2020 PHINDIRITBL  Number of enterprises registered per year led by women (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 15-Jan-2014 24-Apr-2015 05-May-2016 30-Jun-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P146250 IDA-55180 Effective XDR 1.30 1.30 0.00 0.25 1.05 20% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P146250 IDA-55180 Effective 23-Jun-2014 06-Nov-2014 12-Mar-2015 31-Dec-2019 31-Dec-2019 Cumulative Disbursements 5/13/2016 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Djibouti: Governance for Private Sector Development Project (P146250) Restructuring History There has been no restructuring to date. Related Project(s) P158952-Governance for Private Sector and Finance Development Additional Fin. 5/13/2016 Page 7 of 7 Public Disclosure Copy