The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) Support to Enterprise Development and Competitiveness Project (P161590) AFRICA WEST | Congo, Republic of | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 7 | ARCHIVED on 29-Jun-2021 | ISR47320 | Implementing Agencies: Republic of Congo, Ministry of Plan, Statistics and Regional Integration Key Dates Key Project Dates Bank Approval Date: 30-May-2018 Effectiveness Date: 20-May-2019 Planned Mid Term Review Date: 25-Oct-2021 Actual Mid-Term Review Date: Original Closing Date: 30-May-2023 Revised Closing Date: 30-May-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to foster MSME competitiveness in the targeted sectors and targeted geographic areas of the Republic of Congo's territory. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Regulatory and institutional support to strenghten the enabling environment for private sector development:(Cost $10000000.00 M) Direct support to MSMEs to enhance the development and competitiveness of selected value chains:(Cost $12000000.00 M) Project implementation and coordination:(Cost $3000000.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions A virtual implementation mission was launched during the month of June 2021 (18-29). Progress towards the Project Development Objective has been affected by the COVID-19 and activities have been delayed. However, the project has been able to respond to COVID-19 pandemic by mobilizing project activities and meeting required covenants. Since project launch, 6 reforms on 4 investment climate indicators have been adopted with project support, including: cross-border trade, paying taxes, obtaining construction permits, and business creation. In addition, firm-level support activities through Component 2 have been mobilized, with the award of the first wave of beneficiaries through the BPC (180 laureates), and the SME Development Fund (40 firms selected thus far). In addition, the project delivered strategic studies and institutional technical assistance on the development of logistics corridors, and action plans to strengthen relevant agencies (investment promotion, GUOT, special economic zones, ADPME). 6/29/2021 Page 1 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Substantial Substantial Macroeconomic High Substantial Substantial Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and High Substantial Substantial Sustainability Fiduciary Moderate Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- Moderate Moderate Overall High Moderate Moderate Results PDO Indicators by Objectives / Outcomes To foster MSME competitiveness in targeted sectors and geographic areas of the Republic of Congo IN01010566 ►Number of Investment Climate reforms implemented (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 6.00 12.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010567 ►Share of beneficiary firms under the Support to Enterprise Development grants demonstrating a sustained increase in annual turnover. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 6/29/2021 Page 2 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) IN01010568 ►Share of new firms supported under the Business Plan Competition (BPC) that are still operating 24 months after receiving assistance (financial and non-financial) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 Overall Comments PDO Since project launch, 6 reforms on 4 investment climate indicators have been adopted with project support, including: cross-border trade, paying taxes, obtaining construction permits, and business creation. Beneficiaries for Component 2 firm-level support have been identified and grants are being rolled out for 220 firms (for the BPC and matching grants). Intermediate Results Indicators by Components Regulatory and institutional support to strengthen the enabling environment for PSD IN01010569 ►Number of procedures under 6 Doing Business indicators streamlined (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.00 9.00 30.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 Since project launch, 9 procedures under 4 DB indicators have been adopted with project support, Comments: including: cross-border trade, paying taxes, obtaining construction permits, and business creation. IN01010571 ►Number of measures/recommendations proposed by PPD process endorsed for implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 18.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010573 Out of which number of measures/recommendations that led to reforms (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 12.00 IN01010575 ►API Investment Promotion Strategy and Business Plan development (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Not Approved by API Approved by the API Value Yes Yes Board Board 6/29/2021 Page 3 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010578 Including promotion, facilitation and aftercare activities (Text, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes IN01010579 ►GUOT (The One Stop Shop for trans-border trade) strengthened operationally (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 23-Jun-2020 14-Dec-2020 18-Jun-2021 30-May-2023 The report regarding the repositioning of GUOT was delivered by the PADEC. Comments: IN01010582 Institutional quality of the GUOT (index) (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 12.00 IN01010583 ►Direct Compliance Cost Savings (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,169,974.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010586 Starting a Business - Procedures (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 0.00 10.00 7.00 IN01010587 Starting business - Time (Days, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 49.00 0.00 49.00 17.00 IN01010589 Starting a Business - Cost (% of income per capita) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 77.70 62.20 62.20 57.00 Direct support to MSMEs to enhance the development and competitiveness of selected value chains IN01010570 6/29/2021 Page 4 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) ►Business plans successfully launched (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 87.00 100.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010572 % of Business plans with actual funding (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 IN01010574 ►Number of MSME receiving technical support (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 367.00 200.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010576 of which female owned (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 89.00 80.00 Date 30-May-2018 23-Jun-2020 18-Jun-2021 30-May-2023 IN01010577 ►Firms benefiting from private sector initiatives (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 220.00 500.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010580 of which female owned (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 74.00 200.00 Date 30-May-2018 23-Jun-2020 18-Jun-2021 30-May-2023 IN01010581 ►Number of private sector cooperative (GIE) established (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 1.00 10.00 Date 30-May-2018 23-Jun-2020 18-Jun-2021 30-May-2023 6/29/2021 Page 5 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) IN01010584 of which secured a market access with a buyer (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5.00 Date 30-May-2018 23-Jun-2020 18-Jun-2021 30-May-2023 IN01010585 ►Satisfaction rating by project beneficiaries administered through a survey questionnaire (%) (Citizen Engagement) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 30-May-2018 14-Dec-2020 18-Jun-2021 30-May-2023 IN01010588 Out of which female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 IN01010590 Out of which youth beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 IN01010591 Out of which MSMEs beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 IN01010592 Out of which Investment Climate activities (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Overall Comments IR Note: the roadmap for the institutional strengthening of GUOT has been delivered. Project support for the implementation of the roadmap is being mobilized. Performance-Based Conditions Data on Financial Performance 6/29/2021 Page 6 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P161590 IBRD-88710 Effective USD 25.00 25.00 0.00 9.21 15.08 38% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P161590 IBRD-88710 Effective 30-May-2018 21-Jun-2018 20-May-2019 30-May-2023 30-May-2023 Cumulative Disbursements 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) 6/29/2021 Page 7 of 8 The World Bank Implementation Status & Results Report Support to Enterprise Development and Competitiveness Project (P161590) There are no related projects. 6/29/2021 Page 8 of 8