The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) Private Sector Jobs and Economic Transformation (PSJET) (P173743) LATIN AMERICA AND CARIBBEAN | Haiti | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2022 | Seq No: 1 | ARCHIVED on 24-Feb-2022 | ISR50107 | Implementing Agencies: Republic of Haiti, Ministry of the Economy and Finance Key Dates Key Project Dates Bank Approval Date: 28-Sep-2021 Effectiveness Date: 15-Dec-2021 Planned Mid Term Review Date: 15-Jan-2024 Actual Mid-Term Review Date: Original Closing Date: 31-May-2027 Revised Closing Date: 31-May-2027 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) Contribute to labor demand by supporting MSMEs and value chains resilience and growth through improved business development services and access to financial resources Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Investing in MSMEs and value chains resilience and growth:(Cost $30.00 M) Component 2: Improving access to finance for MSMEs:(Cost $66.00 M) Component 3: Enhancing strategy, coordination, project management and impact evaluation:(Cost $9.00 M) Component 4: Contingent emergency response component Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions This is the first ISR which will be updated after the first Implementation Support mission planned for early March 2022. The PSJET was approved by the World Bank Board on September 28, 2021. The project was declared effective mid-December 2021. Project launch and implementation are now expected to begin and accelerated with the recruitment of a dedicated team to strengthen the capacity of the Ministry of the Economy and Finance to coordinate the project. Both local and international consultants will be recruited to directly contribute to project implementation based on the principle of delegated project management adopted by the Government. 2/24/2022 Page 1 of 7 The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial -- Substantial Macroeconomic Substantial -- Substantial 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 Moderate -- Moderate Stakeholders Moderate -- Moderate Other -- -- -- Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Contribute to labor demand IN01097432 ►Share of supported MSMEs that increase employment (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 25.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Number of beneficiary MSMEs that report having increased their number of employees relative to the Comments: situation before the project over the total number of beneficiary MSMEs IN01097435 Of which women-owned or managed (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 60.00 Strengthening MSMEs and value chains resilience and growth potential IN01097431 2/24/2022 Page 2 of 7 The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) ►Share of MSMEs impacted by COVID-19 receiving a grant that survive at project closing (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Apr-2027 Number of beneficiary MSMEs in sectors affected by COVID-19 receiving the grant that are in operation at Comments: the end of the project, relative to the total number of beneficiary MSMEs in sectors affected by COVID-19 having received the grant IN01097433 Of which women-owned/managed (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 60.00 IN01097434 ►Increased investment by supported firms to improve climate change adaptation and mitigation in value chains (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 28,000,000.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Investment value by supported firms for climate change adaptation and mitigation in value chains. Figures Comments: would be separated by value chain. Intermediate Results Indicators by Components Investing in MSMEs and value chains resilience and growth potential IN01097437 ►Firms benefiting from private sector initiatives (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 550.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Comments: Number of beneficiary firms receiving business development services and/or grants IN01097440 Of which women-owned/managed (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 60.00 IN01097442 ►Value of grants to beneficiary firms used for climate change adaptation (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target 2/24/2022 Page 3 of 7 The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) Value 0.00 -- 0.00 3,000,000.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Value of grants to beneficiary firms that are used to invest in climate change adaptation technologies or Comments: strategies IN01097447 ►Stakeholder engagement meetings held that directly involved project beneficiaries and discussed beneficiary inputs regarding project implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 7.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Number of stakeholder engagement meetings held that directly involved project beneficiaries and Comments: discussed beneficiary inputs regarding project implementation Improving access to finance for MSMEs IN01097436 ►Private capital mobilized by PFIs through the project PCG (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30,000,000.00 Date 01-Jun-2021 -- 25-Jan-2022 11-Mar-2027 Comments: Value of loans provided by PFIs enabled by the project PCG IN01097441 Among which to first time borrowers (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5,000,000.00 Date 01-Jun-2021 -- 25-Jan-2022 11-Mar-2027 IN01097443 Among which to first time women borrowers (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,500,000.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 IN01097444 ►Value of loans provided by PFIs through the project LoC (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 21,000,000.00 Date 01-Jun-2021 -- 25-Jan-2022 12-Jul-2027 2/24/2022 Page 4 of 7 The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) Comments: Value of loans provided by PFIs financed by the project LoC IN01097446 ►Value of loans provided by PFIs through the project for investment in climate change mitigation (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 25,000,000.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Value of loans provided by PFIs through the project for fixed capital investment in energy efficient Comments: technologies Enhancing Strategy, Coordination, Project Management and Impact Evaluation IN01097438 ►Modules of FDI institutional development plan fully implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 12-Jul-2021 -- 25-Jan-2022 12-Jul-2027 Comments: Institutional development plan as defined in the Subsidiary Agreement between MEF and FDI IN01097439 ►Business regulations reformed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 01-Jun-2021 -- 25-Jan-2022 11-Mar-2027 Comments: Number of regulations reformed with the support of the project IN01097445 ►Anti-competitive practices and regulations removed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2.00 Date 01-Jun-2021 -- 25-Jan-2022 12-Jul-2027 Comments: Anti-competitive practices and regulations removed with the support of the project Performance-Based Conditions Data on Financial Performance 2/24/2022 Page 5 of 7 The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P173743 IDA-D8750 Effective USD 75.00 75.00 0.00 0.00 74.18 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P173743 IDA-D8750 Effective 28-Sep-2021 28-Oct-2021 15-Dec-2021 31-May-2027 31-May-2027 Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History There has been no restructuring to date. Related Project(s) 2/24/2022 Page 6 of 7 The World Bank Implementation Status & Results Report Private Sector Jobs and Economic Transformation (PSJET) (P173743) There are no related projects. 2/24/2022 Page 7 of 7