Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) Swaziland Private Sector Competitiveness (P151433) AFRICA | Swaziland | Trade & Competitiveness Global Practice | IBRD/IDA | Investment Project Financing | FY 2016 | Seq No: 2 | ARCHIVED on 04-Oct-2016 | ISR25174 | Implementing Agencies: Ministry of Economic Planning and Development Key Dates Key Project Dates Bank Approval Date:30-Nov-2015 Effectiveness Date:-- Planned Mid Term Review Date:-- Actual Mid-Term Review Date:-- Original Closing Date:31-Mar-2021 Revised Closing Date:31-Mar-2021 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective is: to support an improved investment climate and strengthen competitiveness of firms, especially in the agribusiness and tourism sectors. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name 1. Improving the business environment:(Cost $11.10 M) 2. Growth in Agribusiness and Tourism industries:(Cost $11.90 M) 3. Project implementation and monitoring:(Cost $2.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial 10/4/2016 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) Implementation Status and Key Decisions The Project was approved by WBG Board of Directors on November 30, 2015, and is awaiting signing by the Kingdom of Swaziland. Signing must follow ratification by Parliament, and Parliament was first on recess between December 2015 and February 2016. The Loan Agreement was tabled before Parliament during May 2016, and is awaiting ratification. Meanwhile the PMU is working on the two Effectiveness Conditions: finalization of the Operations Manual; and recruitment of the Project team. Both of these are underway. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Substantial  Substantial  Substantial Macroeconomic  Substantial  Substantial  Substantial Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Substantial  Substantial  Substantial Environment and Social  Low  Low  Low Stakeholders  Moderate  Moderate  Moderate Other  --  --  -- Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Time required to start a business (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 30.00 -- -- 15.00 10/4/2016 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) Date 01-Apr-2016 -- -- 31-Mar-2021 PHINDPDOTBL  New commitments by investors (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 -- -- 3.00 Date 01-Sep-2015 -- -- 31-Mar-2021 PHINDPDOTBL  Credit bureau coverage (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 42.10 -- -- 60.00 Date 15-Sep-2015 -- -- 31-Mar-2021 PHINDPDOTBL  Private Capital Mobilized (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 1000000.00 Date 01-Apr-2016 -- -- 31-Mar-2021 PHINDPDOTBL  Increase in sales revenue for beneficiary firms (Amount(USD), Custom) 10/4/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 1000000.00 Date 01-Apr-2016 -- -- 31-Mar-2021 Overall Comments Intermediate Results Indicators PHINDIRITBL  Number of procedures, practices, or standards that were improved or eliminated per year (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5.00 -- -- 5.00 Date 01-Apr-2016 -- -- 31-Mar-2021 PHINDIRITBL  Number of firms that benefit from reformed registration requirements (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 10000.00 Date 01-Sep-2015 -- -- 31-Mar-2021 PHINDIRITBL  Number of reforms implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 2.00 Date 01-Apr-2016 -- -- 31-Mar-2021 10/4/2016 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) PHINDIRITBL  Share of beneficiaries of investment, trade, and tourism promotion that feel agencies' work (Component 1b) met their needs. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 60.00 Date 26-Sep-2016 -- -- 31-Mar-2021 Comments Indicator should technically be 'n/a' rather than 0 since prior surveys have not been undertaken. (System does not allow entries with zero value). PHINDIRITBL  Credit registry is established (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 01-Apr-2016 -- -- 31-Mar-2021 PHINDIRITBL  Number of MSMEs that benefit from new skills and knowledge (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 195.00 Date 01-Apr-2016 -- -- 31-Mar-2021 PHINDIRITBL  Proportion of which are female-headed MSMEs (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 40.00 10/4/2016 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) PHINDIRITBL  Average tourist nights spent in Swaziland (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.40 -- -- 2.80 Date 01-Sep-2015 -- -- 31-Mar-2021 PHINDIRITBL  Share of beneficiaries that feel project investments reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 70.00 Date 26-Sep-2016 -- -- 31-Mar-2021 PHINDIRITBL  Average wages of individuals employed via catalytic funding (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 0.00 Date 01-Sep-2015 -- -- 31-Mar-2021 PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 500.00 Date 01-Aug-2015 -- -- 31-Mar-2021 10/4/2016 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 40.00 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P151433 IBRD-85500 USD 25.00 25.00 0.00 0.00 25.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P151433 IBRD-85500 30-Nov-2015 -- -- 31-Mar-2021 31-Mar-2021 Effective Cumulative Disbursements 10/4/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Swaziland Private Sector Competitiveness (P151433) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/4/2016 Page 8 of 8 Public Disclosure Copy