Public Disclosure Copy The World Bank Implementation Status & Results Report Madagascar Covid-19 Response DPO (P174388) Madagascar Covid-19 Response DPO (P174388) AFRICA EAST | Madagascar | Urban, Resilience and Land Global Practice | IBRD/IDA | Development Policy Lending | FY 2021 | Seq No: 1 | ARCHIVED on 23-Dec-2020 | ISR44386 | Implementing Agencies: Ministry of Economy and Finance, Republic of Madagascar Key Dates Key Project Dates Bank Approval Date: 27-Aug-2020 Effectiveness Date: -- Original Closing Date: 31-Mar-2021 Revised Closing Date: 31-Mar-2021 pdoTable Project Development Objectives Program Development Objective (from Program Document) The development objective of the proposed operation is to assist the Government of Madagascar in its response to the Covid-19 crisis by (i) mitigating the impact on lives and livelihoods, and (ii) supporting the sustainable recovery of the country. 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 -- Moderately Unsatisfactory Overall Implementation Progress (IP) -- Moderately Unsatisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions The project is not yet effective and the effectiveness deadline has been extended to March 31, 2022. Implementation progress of the reforms is mixed, with some intended results already achieved, while others are unlikely to be met in the intended timeframe. For example, the number of new e-money accounts has already exceeded the target; while the number of targeted COVID-19 tests and the target number of beneficiaries of the cash transfer program are unlikely to be reached by the end of 2020.The team will continue to monitor progress on all indicators and work with the authorities to achieve all of them as soon as possible. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial -- Substantial Macroeconomic Substantial -- Substantial 12/23/2020 Page 1 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Madagascar Covid-19 Response DPO (P174388) Sector Strategies and Policies Substantial -- Substantial Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Substantial -- Substantial Sustainability Fiduciary Substantial -- Substantial Environment and Social Substantial -- Substantial Stakeholders Substantial -- Substantial Other Substantial -- Substantial Overall Substantial -- Substantial Results Results Indicators Saving lives and protecting vulnerable populations IN00939803 ►Creation of regional operational centers (CCO) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 22.00 Date 30-Jun-2020 -- 01-Dec-2020 31-Dec-2020 IN00940663 ►Increased testing capacity of accredited laboratories (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 93,734.00 200,000.00 Date 30-Jun-2020 -- 01-Dec-2020 31-Dec-2020 IN00940638 ►Number of beneficiaries of cash transfer programs (including Tosika Fameno) disaggregated by gender and youth status (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 250,000.00 -- 345,000.00 500,000.00 Date 30-Jun-2020 -- 01-Dec-2020 31-Dec-2020 IN00940673 ►Publication of monthly financial statements within 15 days from the end of the reporting month for the duration of the fund (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 2.00 3.00 12/23/2020 Page 2 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Madagascar Covid-19 Response DPO (P174388) Date 31-May-2020 -- 01-Dec-2020 31-Dec-2020 IN00940674 ►Increase in number of e-money account openings (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 243,686.00 150,000.00 Date 31-May-2020 -- 01-Dec-2020 31-Dec-2020 Ensuring sustainable business growth and job creation IN00940675 ►Number of workers benefiting from training disaggregated by gender (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200,000.00 Date 31-May-2020 -- 01-Dec-2020 31-Dec-2020 IN00940681 ►Number of MSMEs benefiting from subsidized loan programs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000.00 Date 31-May-2020 -- 01-Dec-2020 31-Dec-2020 IN00941190 ►Loan amounts rescheduled and deducted from bank reserve requirements (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 60,000,000.00 134,000,000.00 Date 02-Mar-2020 -- 01-Dec-2020 31-Dec-2020 Strengthening policies and institutions for rebuilding stronger IN00940640 ►New lifeline customers having access to the grid (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 17,000.00 -- 17,000.00 50,000.00 Date 31-Dec-2019 -- 01-Dec-2020 30-Jun-2021 IN00940678 ►Coverage of debt statistics in the Debt Statistics Bulletin (Percentage, Custom) 12/23/2020 Page 3 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Madagascar Covid-19 Response DPO (P174388) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 90.00 Date 30-Jun-2020 -- 01-Dec-2020 31-Dec-2020 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P174388 IDA-67690 USD 75.00 75.00 0.00 0.00 77.17 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P174388 IDA-67690 27-Aug-2020 08-Sep-2020 -- 31-Mar-2021 31-Mar-2021 Effective Tranches Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/23/2020 Page 4 of 4