Public Disclosure Copy The World Bank Implementation Status & Results Report TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING (P173324) TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING (P173324) MIDDLE EAST AND NORTH AFRICA | Tunisia | Macroeconomics, Trade and Investment Global Practice | IBRD/IDA | Development Policy Lending | FY 2020 | Seq No: 1 | ARCHIVED on 20-Oct-2021 | ISR47678 | Implementing Agencies: Ministry of Development, Investment and International Cooperation, REPUBLIC OF TUNISIA Key Dates Key Project Dates Bank Approval Date: 12-Jun-2020 Effectiveness Date: 20-Nov-2020 Original Closing Date: 31-Dec-2021 Revised Closing Date: 31-Dec-2021 pdoTable Project Development Objectives Program Development Objective (from Program Document) The program development objective is to support the Government of Tunisia effectively respond to the COVID-19 crisis and lay the foundation for strong post-crisis recovery by: (a) strengthening resilience and inclusion; (b) enabling private sector recovery; and (c) improving transparency and performance in the SOE sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Unsatisfactory Overall Implementation Progress (IP) -- Unsatisfactory Overall Risk Rating -- High Implementation Status and Key Decisions Going forward it is important to monitor closely the reform program and to confirm with the future government of President Saied whether the reforms under the DPF remain among its priorities, or whether these have evolved (which would warrant some changes to the reforms matrix) and the development of a possible new IMF program. This will allow a timely and realistic evaluation of the DPF II prospects. It will also enable the team to be ready to advance to the Concept Note stage once conditions allow. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High -- High Macroeconomic High -- High 10/20/2021 Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING (P173324) Sector Strategies and Policies Moderate -- Moderate Technical Design of Project or Program Moderate -- Moderate Institutional Capacity for Implementation and Substantial -- Substantial Sustainability Fiduciary Moderate -- Moderate Environment and Social Moderate -- Moderate Stakeholders Substantial -- Substantial Other High -- High Overall High -- High Results Results Indicators Strengthening resilience and inclusion IN01049973 ►Coverage of cash transfers as a percent of total population (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 9.00 -- 30.00 15.00 Date 31-Dec-2019 -- 30-Sep-2021 30-Dec-2022 This expansion has been driven by the Covid response. However given the fiscal situation without any additional support it will be difficult to keep the coverage of CT (permanent or temporary) at the level of Comments: 15% next year. IN01054564 ►Share of social assistance beneficiaries/applicants with verified (reassessed) welfare status (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 100.00 80.00 Date 31-Dec-2019 -- 30-Sep-2021 30-Dec-2022 IN01054565 ►Volume of loans for firms covered by the new partial guarantee scheme (in TND million) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 900.00 500.00 Date 31-Dec-2019 -- 31-Dec-2020 30-Dec-2022 IN01054591 Volume of loans for firms covered by the new partial guarantee scheme through MFIs (Text, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 10/20/2021 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING (P173324) Value 0.00 -- 0.00 5.00 IN01054611 ►Number of active micro-borrowers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 422,000.00 -- 455,736.00 525,000.00 Date 31-Dec-2019 -- 31-Mar-2021 30-Dec-2022 IN01054612 Share of women among micro-borrowers (percentage) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 55.00 -- 54.00 56.00 Date 31-Dec-2019 -- 31-Mar-2021 30-Dec-2022 Enabling private sector recovery IN01054618 ►Container dwell time (Port of Rades) (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 18.00 -- 16.00 15.00 Date 31-Dec-2019 -- 30-Sep-2021 30-Dec-2022 IN01054614 ►Handling productivity (containers per hour) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 4 (P-C integral Value 8.00 -- container ships); 18 12.00 (ConRo ships) Date 31-Dec-2019 -- 30-Sep-2021 30-Dec-2022 IN01054615 ►Private renewable energy capacity developed under the self-generation scheme (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 26.00 -- 45.00 180.00 Date 31-Dec-2019 -- 31-Aug-2021 30-Dec-2022 IN01054631 ►Increase in the traffic with the European market following the enactment of the “Open Skies” (in percent relative to baseline) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 7.00 10/20/2021 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING (P173324) Date 31-Dec-2019 -- 29-Oct-2021 30-Dec-2022 IN01054594 ►Volume of category 4 loans (loans older than 8 years) in the three largest public banks (in TND million) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2,583.00 -- 1,822.00 2,066.00 Date 31-Dec-2019 -- 31-Dec-2020 30-Dec-2022 Improving transparency and performance in the SOE sector IN01054595 ►Regular publication of reports on debt, including contingent liabilities from SOEs, and SOE financial performance annexed to the approved annual Budget Law (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Dec-2019 -- 31-Dec-2019 30-Dec-2022 There are 2 publications annexed to approved 2020 and 2021 budget laws. Comments: IN01054636 ►Share of SOEs by turnover that have published their audited financial reports for year n during year n+1 on the national company registry or on their website (% total turnover, non financial SOEs) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 51.70 60.00 Date 31-Dec-2019 -- 30-Jun-2021 30-Dec-2022 IN01054637 ►LPG, electricity and gas subsidies (percent of GDP) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.70 -- 0.60 0.80 Date 31-Dec-2019 -- 31-Dec-2020 30-Dec-2022 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P173324 IBRD-91370 Effective USD 175.00 175.00 0.00 192.71 0.00 100% Key Dates (by loan) 10/20/2021 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING (P173324) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P173324 IBRD-91370 Effective 12-Jun-2020 15-Jun-2020 20-Nov-2020 31-Dec-2021 31-Dec-2021 Tranches Restructuring History There has been no restructuring to date. Related Project(s) P174382-TUNISIA SECOND RESILIENCE AND RECOVERY EMERGENCY DPF 10/20/2021 Page 5 of 5