The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Competitive Value Chains for Jobs and Economic Transformation Project (P172425) WESTERN AND CENTRAL AFRICA | Cote d'Ivoire | IBRD/IDA | Investment Project Financing (IPF) | FY 2021 | Seq No: 7 | Archived on 29-Jul-2024 | ISR01250 Implementing Agencies: Prime Minister's Office/Ministry of Economy and Finance 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 22-Jun-2021) The project development objectives are to: (i) improve the competitiveness of supported value chains, (ii) increase access to finance for underserved farmers and firms, and (iii) in case of an Eligible Crisis or Emergency, respond promptly and effectively to it. Has the Development Objective been changed since Board Approval of the Project Objective? No 2. COMPONENTS Name Component 1: Improving the Competitiveness of Supported Value Chains:(Cost 69,820,000.00) Component 2: Improving access to finance for value chains:(Cost 76,740,000.00) Component 3: Policy Reforms and Institutional Reinforcement:(Cost 36,077,500.00) Component 4: Project Coordination and Management:(Cost 10,000,000.00) Component 5: Contingent Emergency Response Component (CERC):(Cost 0.00) 3. OVERALL RATINGS Name Previous Current Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Jul 29, 2024 Page 1 of 13 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) 4. KEY ISSUES & STATUS 4.1 Implementation Status and Key Decisions 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Last Approved Rating Risk Category Approval Package - ISR Seq. 06 - 31 Jan Proposed Rating 23 Jun 2021 2024 Political and Governance Substantial Substantial Substantial Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Low Low Low Overall Substantial Substantial Substantial Jul 29, 2024 Page 2 of 13 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes Improved competitiveness of supported value chains Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0.00 May/2021 0.00 06-Dec-2023 0.00 17-Jul-2024 20.00 Apr/2027 Comments on This indicator will track the increase in average price of exports from supported value chain. achieving targets Increase in average value of exports by project This indicator will be collected, in particular, from the 25 SMEs to be assisted by the Côte beneficiaries (farmers and d'Ivoire Export Agency in structuring and supporting exports. At least 5 of these SMEs must be firms) in value chains run by women. supported by the Project The SMEs identified should be involved in the value chains support ed by the project, and some (Percentage) of them should already be exporting in order to have a reference value before ACIEX support. Upon identification, gender values will be collected to facilitate follow-up with women-led businesses. By women farmers and 0.00 0.00 0.00 20.00 women-owned/led Comments on This indicator will track the increase in average price of exports of women farmers and firms (Percentage) achieving targets women-owned/led firms from supported value chain. Increase in average value of 0.00 May/2021 0.00 06-Dec-2023 0.00 17-Jul-2024 15.00 Apr/2027 gross sales (domestic and foreign) by farmers and firms Page 3 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) in value chains supported by the project (Percentage) 0.00 0.00 0.00 15.00 By women farmers and Comments on This indicator will measure the increase above the average value of sales registered by a women-owned/led achieving targets sample of beneficiary women farmers and women-owned/led MSMEs with attribution to firms (Percentage) Component 1 Investment Mechanisms and Component 2 LTIF Increased access to finance for underserved farmers and firms Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0.00 May/2021 0.00 06-Dec-2023 0.00 17-Jul-2024 20.00 Apr/2027 Comments on Increase in percentage of average value of private financing mobilized for SME lending (start- achieving targets ups and young SMEs) and large enterprises engaged in green investments (catalytic effects). Increase in average value of private financing mobilized for SME lending (start-ups and young SMEs) and large To date, CDC-CI Capital's activities have mainly involved prospecting. It is estimated that: enterprises engaged in green - 3 transactions in 2024 worth 3 billion cfa ; investments (catalytic effects) - 6 transactions in 2025 worth 12 billion c fa; (Percentage) - 6 transactions in 2026 worth 12 billion cfa; - 4 transactions in 2027 worth 8 billion cfa For women-owned/led 0.00 0.00 0.00 20.00 startups, young SMEs Comments on Increase in percentage of average value of private financing mobilized for women-owned/led and large enterprises achieving targets SME lending (start-ups and young SMEs) and women-led large enterprises engaged in green engaged in green investments (catalytic effects) investments (Percentage) Increase in new active 0.00 May/2021 78.00 22-Feb-2024 78.00 17-Jul-2024 2,000.00 Apr/2027 accounts opened (physical Comments on Seventy-eight (78) physical accounts, including eight (08) held by women, have been opened Page 4 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) and digital) at MFIs supported achieving targets under the PPI. These accounts were opened with Advans, a partner company of NEPER by the Project, including Ventures in the financial inclusion component of the PPI. farmers and firms supported by the project (Number) 0.00 8.00 8.00 1,000.00 Of which women Comments on New active accounts opened (physical and digital) by women at MFIs supported by the Project, (Number) achieving targets including women farmers and women-led firms supported by the project 6.2 Intermediate Results Indicators by Components Component 1: Improving the Competitiveness of Supported Value Chains Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Private co-investment 0.00 Apr/2021 684,898.00 16-Feb-2024 684,898.00 17-Jul-2024 20,000,000.00 Mar/2027 generated by investment Comments on This value will be collected by CDC-CI Capital on the one hand, and by the SCPs (PKI and PPI) mechanisms (Amount(USD)) achieving targets on the other hand. 0.00 Apr/2021 608.00 16-Feb-2024 608.00 17-Jul-2024 3,000.00 Mar/2027 MSMEs or farmers benefited from common services or Comments on Under the PPI, 603 farmers received support during cluster and technician training, including productive assets supported achieving targets 50 women. They are distributed as follows: by the project (Number) 533 farmers, including 40 women from the first cohort; 75 farmers, including 10 women from the second cohort; 0.00 8.22 8.22 20.00 Of which women Comments on 50 women producers, distributed as follows, received the same support as described above. (Percentage) achieving targets - 40 women for the first cohort - 10 women for the second cohort Page 5 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) 0.00 Apr/2021 1,824.00 16-Feb-2024 1,824.00 17-Jul-2024 1,500.00 Mar/2027 Comments on Training provided to the farmers or workers, including women, benefiting from the project. In achieving targets particular farmers and workers in the supported value chains, receiving training on: post-harvest handling of agricultural products, use of digitial technology, methods and skills related to testing, piloting, prototyping products; personal initiative, etc. Farmers or workers trained (Number) 347 actors, including 43 women, benefiting from training, distributed as follows: - 307 learners in the PPI, including 34 women; - 20 producers fro m the COOPALEN Coop C.A. cooperative; - 12 PPI agricultural supervisors, including 6 women; - 08 engineers, including 3 women. 0.00 9.15 9.15 20.00 Comments on 167 women benefited from the training, broken down as follows: Of which women achieving targets - 89 women learners in the PPI, including 34 in the first cohort, 9 in the second and 46 in the (Percentage) third; - 14 supervisors ; - 3 clusters ; - 61 producers, including 28 in the first cohort and 33 in the second. Average increase in value of 0.00 Apr/2021 0.00 17-Feb-2024 0.00 17-Jul-2024 25.00 Mar/2027 gross revenues by Comments on Gross income base values will be collected at the start of activities in the investment beneficiaries (farmers, SMEs) achieving targets mechanisms (notably PPI and PKI). supported by the project (Percentage) New innovations in the 0.00 Apr/2021 5.00 17-Feb-2024 5.00 17-Jul-2024 50.00 Mar/2027 supported value chains (Number) Additional hours of work 0.00 Apr/2021 0.00 17-Feb-2024 0.00 17-Jul-2024 4.00 Mar/2027 Page 6 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) (average weekly) by women Comments on Basic value measurement was integrated into the GFM3 NGO data collection questionnaire. receiving childcare services achieving targets provided through the project (Number) Increase in profit of women 0.00 Apr/2021 0.00 20-Feb-2024 0.00 17-Jul-2024 25.00 Mar/2027 receiving personal initiative Comments on Basic value measurement was integrated into FORSCOT's data collection questionnaire training through the project achieving targets (Percentage) Component 2: Improving access to finance for value chains Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year People and businesses using False 0 17-Jul-2024 False financial services (Number of people) CRI People and businesses False 0 False using financial services – Youth (Number of people) CRI People and businesses False 0 False using financial services – Female (Number of people) CRI Private sector firms receiving 0 Apr/2021 0 21-Feb-2024 0 17-Jul-2024 19 Mar/2027 financing from the LTIF (Number) Of which women-owned 0 Apr/2021 0 21-Feb-2024 0 17-Jul-2024 20 Mar/2027 or led private sector firms (Percentage) Private sector firms receiving 0.00 Apr/2021 0.00 21-Feb-2024 0.00 17-Jul-2024 180 Mar/2027 financing from supported Page 7 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) MFIs (Number) Of which women-owned 0.00 0.00 0.00 20.00 or led private sector firms (Percentage) 0.00 Apr/2021 0.00 17-Feb-2024 0.00 17-Jul-2024 8.00 Mar/2027 MFIs adopting digitalization in Comments on This indicator will be collected with the implementation of the shared GIS. Regarding the service delivery to customers achieving targets opening of digital accounts, the contract has been awarded to the ACCOMPANY CONSULTING (Number) & TEMENOS GROUP for the development and implementation of a shared Management Information System (MIS) for the Microfinance Institutions (MFIs) involved. Private investments leveraged 0.00 Apr/2021 0.00 17-Feb-2024 0.00 18-Feb-2024 35,000,000.00 Mar/2027 into the Seed, Early Stage and Comments on The indicator can be collected from CDC-CI Capital investments. Venture Capital Facility achieving targets (Amount(USD)) Large enterprises engaged in 0.00 Apr/2021 0.00 21-Feb-2024 0.00 17-Jul-2024 11.00 Mar/2027 green investments funded by Comments on The indicator can be collected from CDC-CI Capital investments. the Green Investment achieving targets Window of the LTIF (Number) Green projects financed by 0.00 May/2021 0.00 21-Feb-2024 0.00 17-Jul-2024 5.00 Apr/2027 the LTIF contribution to climate mitigation or adaptation (Number) Component 3: Policy Reforms and Institutional Reinforcement Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Financial institutions 5 Feb/2024 5 21-Feb-2024 5 17-Jul-2024 10 Apr/2027 participating in the Partial Portfolio Credit Guarantee (Number) Page 8 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) Loans introduced in the PPCG 297 Feb/2024 297 21-Feb-2024 297 17-Jul-2024 1,800 Apr/2027 by participating financial institutions (Number) Startups supported (by phase: 0 Feb/2024 0 17-Feb-2024 0 17-Jul-2024 100 Apr/2027 seed, incubation, Comments on Indicator to be collected as part of support for the incubator ecosystem acceleration, investment) achieving targets (Number) 0 Feb/2024 0 17-Feb-2024 0 17-Jul-2024 10 Apr/2027 Incubators and organizations Comments on Indicator to be collected as part of support for the incubator ecosystem supported (Number) achieving targets Percentage of claims received 0.00 May/2021 0.00 17-Feb-2024 0.00 17-Jul-2024 80.00 Apr/2027 by GUFE handled satisfactorily Comments on Indicator to be collected as part of the revitalization of GUFE (Percentage) achieving targets 0.00 Apr/2021 0.00 17-Feb-2024 0.00 17-Jul-2024 1.00 Mar/2027 Average time to create a Comments on Indicator to be collected as part of the revitalization of GUFE business online (Days) achieving targets Number of newly-created 25 429.00 May/2021 2.00 17-Feb-2024 2.00 17-Jul-2024 29 436.00 Apr/2027 companies benefiting from Comments on Indicator to be collected as part of the revitalization of GUFE IDU (Number) achieving targets Component 4: Project Coordination and Management Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0.00 May/2021 0.00 20-Nov-2023 0.00 17-Jul-2024 75.00 Apr/2027 Share of complaints received by Project Grievance Redress Comments on Measures GRM functionality. See the GRM section of the PIM for additional details on how the Mechanism that are achieving targets complaints are registered, recorded, and resolved. addressed within 4 weeks (Percentage) Page 9 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) As of december 2023, three (03) complaints management committees have been set up in the Poro, Tchologo and Bagoué regions. Investments have not yet been made in these regions. The committees have not yet received any complaints. The PPI will also set up a management committee to handle complaints from learners and communities. Page 10 of 12 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IDA-69350 Effective 50.00 50.00 0.00 34.92 10.22 69.84% IDA-69360 Effective 150.00 143.48 6.52 7.36 119.08 5.13% 7.3 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IDA-69350 Effective 23-Jun-2021 14-Jul-2021 12-Oct-2021 30-Apr-2027 30-Apr-2027 Jul 29, 2024 Page 12 of 13 The World Bank Implementation Status & Results Report Competitive Value Chains for Jobs and Economic Transformation Project (P172425) IDA-69360 Effective 23-Jun-2021 14-Jul-2021 12-Oct-2021 30-Apr-2027 30-Apr-2027 8. KEY DATES Key Events Planned Actual Approval 23-Jun-2021 23-Jun-2021 Effectiveness 11-Nov-2020 11-Nov-2020 Mid-Term Review No. 01 02-Apr-2025 Operation Closing/Cancellation 30-Apr-2027 9. RESTRUCTURING HISTORY Restructuring Level 2 Approved on 06-Jun-2023 Restructuring Level 2 Approved on 28-May-2024 10. ASSOCIATED OPERATION(S) There are no associated operations Jul 29, 2024 Page 13 of 13