The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Mongolia Export Development Project (P147438) EAST ASIA AND PACIFIC | Mongolia | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 10 | ARCHIVED on 28-Jul-2021 | ISR47547 | Implementing Agencies: Mongolia, Agricultural Reinsurance Company, now MongolianRe, Ministry of Food, Agriculture and Light Industry, Ministry of Labor and Social Protection Key Dates Key Project Dates Bank Approval Date: 07-Jul-2016 Effectiveness Date: 22-Dec-2016 Planned Mid Term Review Date: 30-Sep-2018 Actual Mid-Term Review Date: 28-Sep-2018 Original Closing Date: 30-Jun-2021 Revised Closing Date: 31-Dec-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the project is to support Mongolian Small and Medium size firms (SMEs) in the non-mining sectors to strengthen their export capabilities and expand access to export markets. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The revised PDO is to support Mongolian Small and Medium size firms (SMEs) in the non-mining sector to strengthen their expert capabilities, expand access to export markets and to provide relief support for the COVID-19 recovery. Components Table Name Component 1: Development of a new line of export finance products:(Cost $1.50 M) Component 2: Export competitiveness enhancement.:(Cost $12.00 M) Component 3: Strengthening Certification Services and Quality Management:(Cost $4.00 M) Component 4: Project Implementation Support:(Cost $2.50 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 Progress towards achieving the PDO is on track and the project has disbursed US$4.8 million (24 percent) to date. The US$1.5 million of Government’s COVID-19 emergency response stimulus package support has been fully disbursed. 7/28/2021 Page 1 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Activities to raise public awareness on the project are ongoing and the Productive Partnership Scheme (PPS) was launched in the spring of 2021. The second window for applications was launched in June and it will stay open until July 31, 2021. Work on developing export credit insurance products is ongoing and Mongolian Re is expected to launch the post shipment product in September 2021. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Moderate Moderate Macroeconomic High Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Moderate Moderate Substantial Sustainability Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- Moderate Moderate Overall Substantial Moderate Moderate Results PDO Indicators by Objectives / Outcomes Strenghten SMEs export capabilities and expand access to export markets IN01017079 ►Increase in export volume (by price) by the Project beneficiaries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 18.30 18.30 25.00 Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017080 ►Number of firms that obtain internationally-recognized quality certification following support from the Project(cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 12.00 12.00 25.00 7/28/2021 Page 2 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017146 ►Number of firms that start exporting following participation in project activities (cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.00 9.00 30.00 Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017147 ►Number of Export Credit Insurance Products developed by Mongolian Re (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017148 ►Number of new export destinations for the project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 10-Jul-2020 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017149 ►Total unemployment insurance contribution payments made to non-mining SMEs (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,500,000.00 1,500,000.00 1,500,000.00 Date 24-Aug-2020 21-Dec-2020 11-Jun-2021 31-Dec-2020 Intermediate Results Indicators by Components Component 1: Development of a new line of export finance products IN01017150 ►Number of firms benefiting from export insurance products (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 Component 2: Export competitiveness enhancement. 7/28/2021 Page 3 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) IN01017152 ►Increase in export revenues for Productive Partnership Scheme beneficiaries (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 20.40 20.40 25.00 Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017154 ►Number of SMEs supported by the COVID-19 measure (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 332.00 332.00 300.00 Date 10-Jul-2020 21-Dec-2020 11-Jun-2021 31-Dec-2023 IN01017155 ►Number of clusters supported by the Productive Partnership Scheme (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 10-Jul-2020 21-Dec-2020 11-Jun-2021 31-Dec-2023 Component 4: Project Implementation Support IN01017153 ►Beneficiaries that feel project investments reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 98.00 98.00 95.00 Date 22-Dec-2016 21-Dec-2020 11-Jun-2021 31-Dec-2023 Component 3: Strengthening Certification Services and Quality Management IN01017151 ►Number of SMEs benefiting from accredited reference laboratories supported by the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 10-Jul-2020 21-Dec-2020 11-Jun-2021 31-Dec-2023 Performance-Based Conditions 7/28/2021 Page 4 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P147438 IDA-58790 Effective USD 20.00 20.00 0.00 4.79 15.66 23% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P147438 IDA-58790 Effective 07-Jul-2016 26-Aug-2016 22-Dec-2016 30-Jun-2021 31-Dec-2023 Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC 7/28/2021 Page 5 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Restructuring History Level 2 Approved on 19-Dec-2019 ,Level 2 Approved on 28-Aug-2020 Related Project(s) There are no related projects. 7/28/2021 Page 6 of 6