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: 8 | ARCHIVED on 30-Jun-2020 | ISR42252 | Implementing Agencies: Mongolia, Agricultural Reinsurance Company, now MongolianRe, Ministry of Food, Agriculture and Light Industry 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: 30-Jun-2021 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? No Components Table Name Component 1: Development of a new line of export finance products:(Cost $10.00 M) Component 2: Export competitiveness enhancement.:(Cost $8.50 M) Component 3: Project Implementation Support:(Cost $1.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The EDP is in the process of being restructured through a two-phase approach: (i) the first restructuring mainly addressing the transfer of EDP implementation from the Ministry of Finance to the Ministry of Food, Agriculture and Light Industry (MOFALI); and (ii) the second restructuring addressing the substantive changes to the project components and reallocation of funds. The first restructuring was successfully completed on January 9, 2020 and resulted in the establishment of a new stand-alone Project Implementation Unit (PIU) under MOFALI, and preparation of the second comprehensive restructuring proposal that also includes detailed implementation plan and COVID-19 response measure. The second restructuring request was received by the World Bank on May 22, 2020 and is currently being considered by the Bank management. 6/30/2020 Page 1 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High High High Macroeconomic High High High Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Moderate Substantial Moderate Sustainability Fiduciary Moderate Substantial Moderate Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- Substantial Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Strenghten SMEs export capabilities and expand access to export markets IN00856739 ►Increase in export volume (by price) by the Project beneficiaries (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 60.00 60.00 15.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 IN00856740 ►Number of firms that obtain internationally-recognized quality certification following support from the Matching Grant Facility(cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7.00 7.00 15.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 IN00856776 ►Number of firms that start exporting following participation in project activities (cumulative, disaggregated by the number of firms owned by women) (Number, Custom) 6/30/2020 Page 2 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8.00 8.00 15.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 IN00856777 ►Export Credit Insurance Products (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 Overall Comments PDO There has been no changes to the results framework since the last ISR since the focus on the last 6 months has been on transferring the project from MOF to MOFALI, establishing a new stand-alone PIU and preparing the second restructuring proposal, which also includes COVID-19 crisis response measure. The second restructuring was requested by the GOM on May 22, 2020 and is being currently processed at the Bank. The second restructuring also includes improvements to the Results Framework. Intermediate Results Indicators by Components Component 1: Development of a new line of export finance products IN00856778 ►Number of firms benefitting from export insurance and guarantee contracts issued by Subsidiary of AgRe (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 IN00856781 ►Increase in export revenues for firms benefitting from export insurance products issued by Subsidiary of AgRe (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 Component 2: Export competitiveness enhancement. IN00856779 ►MGF beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/30/2020 Page 3 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Value 0.00 85.00 85.00 90.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 SMEs receiving matching grants. Comments: IN00856782 Female beneficiaries (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 39.00 39.00 36.00 IN00856784 ►Increase in export revenues for MGF beneficiaries (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 60.00 60.00 10.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 IN00856786 ►Volume of Bank Support: Institutional Development - SME (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.60 1.60 6.50 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 Amounts committed for component 2 (matching grants and training) Comments: IN00856788 ►Growth in non-China exports by Project beneficiaries (percentage, average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 6.00 15.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 Component 3: Project Implementation Support IN00856780 ►Beneficiaries aware of project info. and project investments (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 400.00 400.00 120.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 IN00856783 Beneficiaries aware of project info. and project investments - female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 6/30/2020 Page 4 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Value 0.00 195.00 195.00 40.00 IN00856785 Beneficiaries aware of project info. and project investments –male (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 205.00 205.00 80.00 IN00856787 ►Beneficiaries that feel project investments reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 97.00 97.00 95.00 Date 22-Dec-2016 16-Dec-2019 08-Jun-2020 30-Jun-2021 Performance-Based Conditions 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 2.52 17.21 13% 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 30-Jun-2021 Cumulative Disbursements 6/30/2020 Page 5 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History Level 2 Approved on 19-Dec-2019 Related Project(s) There are no related projects. 6/30/2020 Page 6 of 6