Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) Financial Sector Support Project. (P151816) AFRICA | Kenya | Finance & Markets Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 1 | ARCHIVED on 20-Aug-2015 | ISR20305 | Implementing Agencies: Directorate of Budget & Fiscal & Economic Affairs Key Dates Key Project Dates Board Approval date:30-Apr-2015 Effectiveness Date:10-Jul-2015 Planned Mid Term Review Date:28-Feb-2018 Actual Mid-Term Review Date:-- Original Closing Date:31-Jul-2020 Revised Closing Date:31-Jul-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project's development objective is to strengthen the legal, regulatory and institutional environment for improved financial stability, access to and provision of, affordable and long term financing. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Strengthening Institutions:(Cost $23.30 M) Component 2: Enabling Efficient Financial Intermediation:(Cost $6.40 M) Component 3: Mobilizing Long-Term Finance:(Cost $5.30 M) Component 4: Supporting Project Management:(Cost $1.30 M) Contingency:(Cost $0.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory 8/20/2015 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) Overall Risk Rating  --  Moderate Implementation Status and Key Decisions The Kenya Financial Sector Support Project (FSSP) was approved by the Board on April 30, 2015 and declared effective as of July 10, 2015. Risks Systematic Operations Risk-rating Tool 8/20/2015 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Substantial  --  Substantial Macroeconomic  Moderate  --  Moderate Sector Strategies and Policies  Moderate  --  Moderate Technical Design of Project or Program  Moderate  --  Moderate Institutional Capacity for Implementation and Sustainability  Low  --  Low Fiduciary  Moderate  --  Moderate Environment and Social  Low  --  Low Stakeholders  Low  --  Low Other  --  --  -- Overall  Moderate  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Progress towards achieving compliance with Essential Criteria of Basel Core Principles 12 (consolidated supervision) and 13 (home-host relations) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value MNC/LC -- -- Yes Date 01-May-2015 -- -- 31-Jul-2020 PHINDPDOTBL  Reduced net interest margin (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value TBU -- -- Yes Date 01-May-2015 -- -- 31-Jul-2020 PHINDPDOTBL  Long-term assets held by pension funds (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 47.00 -- -- 52.00 8/20/2015 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) Date 01-May-2015 -- -- 31-Jul-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL  Mapping exercise of financial conglomerates (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- -- Yes Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Number of MDAs services using electronic payment instruments (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3000.00 Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Increase in Pension coverage (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 15.00 -- -- 20.00 Date 01-May-2015 -- -- 31-Jul-2020 8/20/2015 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) PHINDIRITBL  Draft framework for sub-national entities on debt management (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- -- Yes Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Increase in banked retail investor accounts accessing TMD (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 15000.00 -- -- 150000.00 Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Draft legal framework for a secured transactions regime (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- -- Yes Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Depth of credit information index (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3.00 Date 01-May-2015 -- -- 31-Jul-2020 8/20/2015 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) PHINDIRITBL  Draft framework / regulation for new long term products (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 2.00 Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Increase in volume of secondary market transactions of government debt (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N/A -- -- Yes Date 01-May-2015 -- -- 31-Jul-2020 PHINDIRITBL  Increase in Insurance coverage (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.70 -- -- 6.00 Date 01-May-2015 -- -- 31-Jul-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P151816 IDA-56270 Effective XDR 26.30 26.30 0.00 1.44 24.86 5% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151816 IDA-56270 Effective 30-Apr-2015 04-Jun-2015 10-Jul-2015 31-Jul-2020 31-Jul-2020 8/20/2015 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Financial Sector Support Project. (P151816) Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 8/20/2015 Page 7 of 7 Public Disclosure Copy