The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) Regional Infrastructure Finance Facility (RIFF) Project (P171967) AFRICA EAST | Eastern Africa | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2020 | Seq No: 1 | ARCHIVED on 24-Oct-2020 | ISR43612 | Implementing Agencies: Eastern and Southern African Trade and Development Bank (TDB), Eastern and Southern African Trade and Development Bank (TDB), Common Market for Eastern and Southern Africa (COMESA) Secretariat, Common Market for Eastern and Southern Africa (COMESA) Key Dates Key Project Dates Bank Approval Date: 30-Jun-2020 Effectiveness Date: 05-Oct-2020 Planned Mid Term Review Date: 27-Oct-2022 Actual Mid-Term Review Date: Original Closing Date: 26-Sep-2025 Revised Closing Date: 26-Sep-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to expand long-term finance to private firms in selected infrastructure sectors in Eastern and Southern Africa Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Project and Infrastructure Finance Facility:(Cost $325.00 M) COVID-19 Infrastructure Sector SME Facility:(Cost $75.00 M) Technical Assistance:(Cost $25.00 M) 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 The project has been effective since October 5, and the next step is to build the pipeline. 10/24/2020 Page 1 of 7 The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) 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 Moderate -- Moderate Sustainability Fiduciary Moderate -- Moderate Environment and Social High -- High Stakeholders Low -- Low Other Low -- -- Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Private finance mobilized IN00897087 ►Private finance mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 975,000,000.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 This indicator measures total private sector finance (debt and equity) mobilized from sponsors (including Development Finance Institutions) in the sub-projects to be financed as part of the RIFF. This figure does Comments: not include the IDA credit line. The target assumes private mobilization of three times the amount of component 1. IN00897088 ►Number of private firms financed across Eastern and Southern Africa (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 This indicator tracks the number of firms receiving directly RIFF financing across Eastern and Southern Comments: Africa countries. The indicator only tracks the direct sub-borrowers and not the other firms benefiting from RIFF as contractors or suppliers. IN00897089 10/24/2020 Page 2 of 7 The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) SMEs across Eastern and Southern Africa countries (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 IN00897090 ►Average maturity of TDB's Project and Infrastructure Finance Portfolio (Years, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 7.00 -- 7.00 11.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 Average maturity of TDB Project and Infrastructure Finance portfolio. Indicator is at global portfolio. Target Comments: has been adjusted to reflect only the portion of the portfolio to be supported by IDA. Overall Comments PDO the project has not yet started. Intermediate Results Indicators by Components Project and Infrastructure Finance Facility IN00897096 ►Jobs created and preserved (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 Job creation is measured for: i) Direct job creation resulting from RIFF-financed subprojects (construction and operation phases) as well as induced employment, which is the employment created through forward Comments: linkages; and ii) total number of existing jobs SMEs that will be preserved through the component 2 along with jobs in off-grid SMEs. IN00897098 ►Generation capacity of energy constructed or rehabilitated (Megawatt, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 IN00897103 ►Number of banks providing local currency facilities to support capital investments in RIFF sub-projects (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 10/24/2020 Page 3 of 7 The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) Value 0.00 -- 0.00 5.00 Date 20-Mar-2020 -- 25-Sep-2020 30-Sep-2025 Comments: Number of banks providing local currency facilities to support capital investments in RIFF sub-projects COVID-19 Infrastructure Sector SME Facility IN00897099 ►People provided with new or improved electricity service (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,500,000.00 Date 26-Mar-2020 -- 25-Sep-2020 26-Jun-2025 IN00897102 of which women (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 750,000.00 Date 21-Apr-2020 -- 25-Sep-2020 26-Jun-2025 IN00897104 ►Households provided with access to electricity through off-grid energy solutions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 375,000.00 Date 21-Apr-2020 -- 25-Sep-2020 26-Jun-2025 Comments: Measures total number of households with access to off-grid energy solutions IN00897107 of which female-headed (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 75,000.00 Date 21-Apr-2020 -- 25-Sep-2020 26-Jun-2025 IN00897108 ►Commercial financial institutions engaged in financing of off-grid energy companies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 Date 21-Apr-2020 -- 25-Sep-2020 30-Sep-2025 Comments: This indicator tracks the total number of financial sponsors providing financing to participating SMEs. 10/24/2020 Page 4 of 7 The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) Technical Assistance IN00897097 ►Number of staff trained in COMESA Secretariat, member countries and market participants on off-grid, PPP and E&S (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 500.00 Date 17-Jan-2020 -- 25-Sep-2020 30-Sep-2025 Number of staff trained in COMESA Secretariat, member countries and market participants receiving Comments: training on off-grid energy, PPP and E&S. Cumulative. IN00897100 ►Number of COMESA policies and guidelines including guidance on the off-grid energy sector (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 21-Apr-2020 -- 25-Sep-2020 30-Sep-2025 Comments: Number of COMESA policies and guidelines including guidance on the off-grid energy sector IN00897101 ►Citizens reached through the consumer education and citizen engagement program satisfied with the program (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 75.00 Date 21-Apr-2020 -- 25-Sep-2020 30-Sep-2025 Measures the total percentage of citizens reached through the consumer education and citizen Comments: engagement program which are "satisfied" or "very satisfied" with the program IN00897105 ►Common duties and tariffs for off-grid solar products in place (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 21-Apr-2020 -- 25-Sep-2020 30-Sep-2025 Comments: Common duties and tariffs for off-grid solar products in place IN00897106 ►Regional Quality Assurance Standards for off-grid energy products (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 30-Apr-2020 -- 25-Sep-2020 25-Sep-2025 Regional Standard of Quality Assurance (QA) framework for off-grid energy products prepared and Comments: adopted by COMESA 10/24/2020 Page 5 of 7 The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P171967 IDA-67110 Effective USD 15.00 15.00 0.00 0.00 15.00 0% P171967 IDA-67120 Effective USD 400.00 400.00 0.00 0.00 400.00 0% P171967 IDA-D6780 Effective USD 10.00 10.00 0.00 0.00 10.44 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P171967 IDA-67110 Effective 30-Jun-2020 04-Aug-2020 05-Oct-2020 26-Sep-2025 26-Sep-2025 P171967 IDA-67120 Effective 30-Jun-2020 04-Aug-2020 05-Oct-2020 26-Sep-2025 26-Sep-2025 P171967 IDA-D6780 Effective 30-Jun-2020 03-Aug-2020 05-Oct-2020 26-Sep-2025 26-Sep-2025 Cumulative Disbursements 10/24/2020 Page 6 of 7 The World Bank Implementation Status & Results Report Regional Infrastructure Finance Facility (RIFF) Project (P171967) 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) There are no related projects. 10/24/2020 Page 7 of 7