The World Bank Report No: ISR7663 Implementation Status & Results Madagascar AFSF - Africa - Madagascar - AccèsBanque Madagascar (ABM) (P125726) Public Disclosure Copy Operation Name: AFSF - Africa - Madagascar - AccèsBanque Madagascar Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 04-Sep-2012 (ABM) (P125726) Country: Madagascar Approval FY: 2012 Product Line: Recipient Executed Activities Region: AFRICA Lending Instrument: Technical Assistance Loan Implementing Agency(ies): Key Dates Board Approval Date 30-Apr-2012 Original Closing Date 30-Jun-2013 Planned Mid Term Review Date 31-May-2013 Last Archived ISR Date Effectiveness Date 30-Apr-2012 Revised Closing Date 30-Jun-2013 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The project aims to enhance the provision of financial services to smallholder farmers and other actors along key agricultural value chains in Madagascar through building institutional capacity and service delivery infrastructure. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component I: Increase Rural Outreach 0.79 Component 2 – Development and Marketing of New Products and Services 0.28 Strengthen Agricultural Knowledge and Lending Capacity 0.00 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Implementation Status Overview The project became effective in the latter part of the reporting period and is still in too early a stage for meaningful progress. Locations Page 1 of 4 The World Bank Report No: ISR7663 No Location data has been entered Results Public Disclosure Copy Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target 20,000 rural depositors in 2016 Number Value 7186.00 2000000.00 Date 31-Dec-2011 Comments 15,000 agriculture borrowers in 2016 Number Value 4079.00 5081.00 15000.00 Date 31-Dec-2011 Comments Volume of agriculture portfolio reaches USD 5 Amount(USD) Value 2869405.00 3000000.00 5000000.00 million in 2016 Date 31-Dec-2012 Comments Agriculture Finance portfolio NPL is less than Percentage Value 2.10 3.00 4% in 2016 Date 31-Dec-2011 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Open new delivery channels Number Value 2.00 6.00 Date Comments Number of rural branches Number Value 5.00 7.00 9.00 Sub Type Date 31-Dec-2011 Breakdown Comments Public Disclosure Copy Number of new rural outlets Number Value 0.00 2.00 Sub Type Date Breakdown Comments Number of new borrowers and despositors in Number Value 0.00 8200.00 new branches and outlets Sub Type Date Breakdown Comments New products developed Number Value 1.00 3.00 Page 2 of 4 The World Bank Report No: ISR7663 Date Comments Improved agriculture lending capacity Number Value Public Disclosure Copy Date Comments Number of polices and procedures updated Number Value Sub Type Date Breakdown Comments Value chain financing intiated Number Value 0.00 1.00 Sub Type Date Breakdown Comments Data on Financial Performance (as of 15-Jun-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P125726 TF-11803 Effective 30-Apr-2012 30-Apr-2012 30-Apr-2012 30-Jun-2013 30-Jun-2013 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P125726 TF-11803 Effective USD 1.08 1.08 0.00 0.15 0.93 14.00 Disbursement Graph Public Disclosure Copy Page 3 of 4 The World Bank Report No: ISR7663 Public Disclosure Copy Key Decisions Regarding Implementation The mission agreed with ABM that the plan to establish two new additional branches should be put on hold, until the completion of the value chain finance assessment. The assessment is expected to indicate the spatial distribution and scope of potential value chains that could be financed by ABM. The form and locations of rural branches will be determined based on the findings of the value chain finance assessment. It was agreed that the Bank/AgriFin will participate in reviewing and providing comments on the ToR , draft reports and final recommendations of the assessment. The Bank/AgriFin will assist the team by providing information and data on Madagascar's agriculture sector to inform the assessment. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4