The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Mongolia Export Development Project (P147438) EAST ASIA AND PACIFIC | Mongolia | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 12 | ARCHIVED on 21-Jun-2022 | ISR51881 | Implementing Agencies: Agricultural Reinsurance Company, now MongolianRe, Ministry of Food, Agriculture and Light Industry, Ministry of Labor and Social Protection, Mongolia Key Dates Key Project Dates Bank Approval Date: 07-Jul-2016 Effectiveness Date: 22-Dec-2016 Planned Mid Term Review Date: 30-Sep-2018 Actual Mid-Term Review Date: 28-Sep-2018 Original Closing Date: 30-Jun-2021 Revised Closing Date: 31-Dec-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the project is to support Mongolian Small and Medium size firms (SMEs) in the non-mining sectors to strengthen their export capabilities and expand access to export markets. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The revised PDO is to support Mongolian Small and Medium size firms (SMEs) in the non-mining sector to strengthen their expert capabilities, expand access to export markets and to provide relief support for the COVID-19 recovery. Components Table Name Component 1: Development of a new line of export finance products:(Cost $1.50 M) Component 2: Export competitiveness enhancement.:(Cost $12.00 M) Component 3: Strengthening Certification Services and Quality Management:(Cost $4.00 M) Component 4: Project Implementation Support:(Cost $2.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The Export Development Project (EDP) is a US$20 million credit approved by the World Bank (WB) Board on July 7, 2016. EDP became effective on December 22, 2016, and will be closing on December 31, 2023. The revised Project Development Objective (PDO) is to support ‘Mongolian Small and Medium size firms (SMEs) in the non-mining sector to strengthen their export capabilities, expand access to export markets and to provide relief support for the COVID-19 recovery’. EDP is designed around four mutually reinforcing components: Component 1: Development of 6/21/2022 Page 1 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Export Finance Products (US$1.5 million), Component 2: Export Competitiveness and Market Access Enhancement (US$12 million), Component 3: Strengthening Certification Services and Quality Management (US$4 million), and Component 4: Project Implementation Support (US$2.5 million). There is a need to re-prioritize and re-focus the 2022 work program with a view to speeding up implementation and improving the project relevance and development impact of operations by ensuring that the program and work packages have strong links with emerging Government of Mongolia (GOM) priorities, especially pressing matters related to the New Recovery Policy and the Food Supply and Safety Agenda, which both aim to address, amongst issues, the food supply risks caused by the continuing border closures with China and ramifications of the Russian invasion of Ukraine. Taken together, these actions aim to boost project expenditures and commitments to nearly 100 percent of the total available resources by February 2023. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Moderate Moderate Macroeconomic High Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Moderate Substantial Substantial Sustainability Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- Moderate Moderate Overall Substantial Moderate Moderate Results PDO Indicators by Objectives / Outcomes Strenghten SMEs export capabilities and expand access to export markets IN01154251 ►Increase in export volume (by price) by the Project beneficiaries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 18.30 18.30 25.00 Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154252 6/21/2022 Page 2 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) ►Number of firms that obtain internationally-recognized quality certification following support from the Project(cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 12.00 12.00 25.00 Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154253 ►Number of firms that start exporting following participation in project activities (cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.00 9.00 30.00 Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154254 ►Number of Export Credit Insurance Products developed by Mongolian Re (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154255 ►Number of new export destinations for the project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 10-Jul-2020 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154256 ►Total unemployment insurance contribution payments made to non-mining SMEs (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,500,000.00 1,500,000.00 1,500,000.00 Date 24-Aug-2020 31-Oct-2021 31-May-2022 31-Dec-2020 Intermediate Results Indicators by Components Component 1: Development of a new line of export finance products IN01154257 ►Number of firms benefiting from export insurance products (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 6/21/2022 Page 3 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 Component 2: Export competitiveness enhancement. IN01154259 ►Increase in export revenues for Productive Partnership Scheme beneficiaries (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 20.40 20.40 25.00 Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154261 ►Number of SMEs supported by the COVID-19 measure (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 332.00 332.00 300.00 Date 10-Jul-2020 31-Oct-2021 31-May-2022 31-Dec-2023 IN01154262 ►Number of clusters supported by the Productive Partnership Scheme (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 10-Jul-2020 31-Oct-2021 31-May-2022 31-Dec-2023 Component 4: Project Implementation Support IN01154260 ►Beneficiaries that feel project investments reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 98.00 98.00 95.00 Date 22-Dec-2016 31-Oct-2021 31-May-2022 31-Dec-2023 Component 3: Strengthening Certification Services and Quality Management IN01154258 ►Number of SMEs benefiting from accredited reference laboratories supported by the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 10-Jul-2020 31-Oct-2021 31-May-2022 31-Dec-2023 6/21/2022 Page 4 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P147438 IDA-58790 Effective USD 20.00 20.00 0.00 6.09 13.31 31% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P147438 IDA-58790 Effective 07-Jul-2016 26-Aug-2016 22-Dec-2016 30-Jun-2021 31-Dec-2023 Cumulative Disbursements Restructuring History Level 2 Approved on 19-Dec-2019 ,Level 2 Approved on 28-Aug-2020 Related Project(s) 6/21/2022 Page 5 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) There are no related projects. 6/21/2022 Page 6 of 6