Public Disclosure Copy The World Bank Implementation Status & Results Report Enhancing Fiscal Management, Social Protection and Financial Inclusion (P151007) Enhancing Fiscal Management, Social Protection and Financial Inclusion (P151007) LATIN AMERICA AND CARIBBEAN | Paraguay | Macro Economics & Fiscal Management Global Practice | IBRD/IDA | Development Policy Lending | FY 2015 | Seq No: 1 | ARCHIVED on 04-Dec-2017 | ISR20272 | Implementing Agencies: Ministero de Hacienda, Ministero de Hacienda Key Dates Key Project Dates Bank Approval Date:18-Mar-2015 Effectiveness Date:14-Mar-2016 Planned Mid Term Review Date:19-Jun-2017 Actual Mid-Term Review Date:19-Jun-2017 Original Closing Date:31-Dec-2017 Revised Closing Date:31-Dec-2017 Program Development Objectives Program Development Objective (from Program Document) The objective is to support the Government of Paraguay to: (a) strengthen its public financial management system, (b) make the tax system more equitable, and (c) promote financial inclusion. PHRPDODEL Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Overall Risk Rating  --  Moderate Implementation Status and Key Decisions The project is satisfactory with regard to achieving its development objective. Most of the results indicators have been met ahead of the target date or on track. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating 12/4/2017 Page 1 of 3 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Enhancing Fiscal Management, Social Protection and Financial Inclusion (P151007) Political and Governance  Low  --  Low Macroeconomic  Moderate  --  Moderate Sector Strategies and Policies  Low  --  Low Technical Design of Project or Program  Low  --  Low Institutional Capacity for Implementation and Sustainability  Moderate  --  Moderate Fiduciary  Low  --  Low Environment and Social  Low  --  Low Stakeholders  Low  --  Low Other  --  --  -- Overall  Moderate  --  Moderate Results Results Indicators PHINDIRITBL VAT revenue collection from agriculture to Gross Value Added of Agriculture, Livestock and Forest ratio (%.) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.40 1.40 Date 31-Dec-2013 -- 31-Dec-2016 31-Dec-2017 PHINDIRITBL VAT revenue collection from Financial sector to Gross Value Added of Financial Intermediation ratio (%.) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.90 -- 11.40 6.30 Date 31-Dec-2013 -- 31-Dec-2016 31-Dec-2017 12/4/2017 Page 2 of 3 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Enhancing Fiscal Management, Social Protection and Financial Inclusion (P151007) PHINDIRITBL  Past-due outstanding debt (arrears) of public institutions to SOEs for basic services (US$ Million) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 124.00 -- 50.00 47.00 Date 31-Dec-2013 -- 31-Dec-2016 31-Dec-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P151007 IBRD-84610 Effective USD 100.00 100.00 0.00 100.00 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151007 IBRD-84610 Effective 18-Mar-2015 18-Apr-2015 14-Mar-2016 31-Dec-2017 31-Dec-2017 Tranches Restructuring History There has been no restructuring to date. Related Operations There are no related projects. 12/4/2017 Page 3 of 3 Public Disclosure Copy