The World Bank Report No: ISR14180 Implementation Status & Results Benin Competitiveness and Integrated Growth Opportunity Project (CIGOP) (P104881) Public Disclosure Copy Operation Name: Competitiveness and Integrated Growth Opportunity Project Project Stage: Implementation Seq.No: 11 Status: ARCHIVED Archive Date: 29-Oct-2014 (CIGOP) (P104881) Country: Benin Approval FY: 2008 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 29-Apr-2008 Original Closing Date 01-Mar-2014 Planned Mid Term Review Date 03-Dec-2012 Last Archived ISR Date 17-Mar-2014 Effectiveness Date 23-Jun-2009 Revised Closing Date 01-Mar-2017 Actual Mid Term Review Date 15-Apr-2013 Project Development Objectives Project Development Objective (from Project Appraisal Document) The revised PDO is to foster entrepreneurship and investment in high potential value chains and public-private partnerships. Project assistance will focus on value chains with high high growth and job creation potential. Has the Project Development Objective been changed since Board Approval of the Project? ● Yes No Component(s) Component Name Component Cost Business Environment Modernization 7.70 Support to SMEs and PPP Project Development 13.56 Project Implementation and Monitoring and Evaluation 3.74 no component 0.00 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Unsatisfactory Unsatisfactory Overall Implementation Progress (IP) Unsatisfactory Unsatisfactory Overall Risk Rating Substantial Substantial Implementation Status Overview The Benin Competitiveness and Integrated Growth Opportunity Project (CIGOP)project has completed five years of implementation. Despite considerable efforts, progress on implementation has been very slow and only US$0.8million has been disbursed, Government of Benin had requested that the Project be restructured. This restructuring has now been formally processed and the objective of the restructured Project included: (i) Revision of the project components and Project Development Objective (PDO); (ii) Modification or Page 1 of 4 The World Bank Report No: ISR14180 elimination of some original project activities and the addition of others more consistent with the new PDO;(iii) Revision of the Results Framework in line with the revised PDO, components and activities; (iv) Reallocation of funds across new disbursement categories; (v) Extension of the closing date by 36 months, from March 1, 2014 to March 1, 2017. Several World Bank Group (IFC and World Bank) missions have been undertaken since approval of the restructuring. The project is making steady progress as important procurement processes are underway. Public Disclosure Copy Locations Country First Administrative Division Location Planned Actual Benin Departement du Littoral Cotonou Benin Not Entered Republic of Benin Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of jobs created through Business Plan Number Value 0.00 0.00 2000.00 Competition Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments The implementing firm has been contracted and the business plan competition should be launch by December 2014. Time to judge commercial dispute Days Value 450.00 450.00 250.00 Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments The draft law id in the final stage for adoption by the parliament by end of the current parliamentary session (December 2014). Thenew court should be operational Public Disclosure Copy within three to four months after the law is approved. Number of feasibility studies for PPP projects Number Value 0.00 0.00 2.00 completed Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments Number of New Businesses formalized under Number Value 0.00 200.00 3000.00 the“entreprenant” regime Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments The pilot program has been launched since april 2014. Page 2 of 4 The World Bank Report No: ISR14180 Number of firms formalized under the entreprenant regime should be available by end of December Public Disclosure Copy Percentage of commercial court decisions Percentage Value 0.00 0.00 75.00 Published onthe court’s website Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments Commercial court not created yet. Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target At least 200 SME have a business plan Number Value 0.00 0.00 200.00 prepared Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments Business Plan c ompetition should be launched by December 2014 At least 12% increase in the turnover of those Percentage Value 0.00 0.00 12.00 who benefited from investment support from Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 the project Comments Volume of investment madeby participant to Number Value 0.00 0.00 5.00 the BPC (US$) Date 30-Dec-2013 11-Sep-2014 10-Mar-2017 Comments Data on Financial Performance (as of 18-Sep-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P104881 IDA-44240 Effective 29-Apr-2008 12-Sep-2008 23-Jun-2009 01-Mar-2014 01-Mar-2017 Public Disclosure Copy Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P104881 IDA-44240 Effective XDR 15.70 15.70 0.00 5.30 10.40 34.00 Disbursement Graph Page 3 of 4 The World Bank Report No: ISR14180 Public Disclosure Copy Key Decisions Regarding Implementation A management firm for the Business plan competition (US$ 6m) has been selected (Technoserve ). Contract has been signed. Activities expected by end of september. The Pilot for the entreprenant regime (US$ 1m) first phase was launched in early April, 2014. Procurement process for PPP projects feasibility studies of: (i)Dry ports, (ii) Airport, and (iii) Hydro-electric power plant are under ongoing and contracts expected to be signed end of October 2014. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4