Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) Gabon Investment Promotion & Competitiveness Project (P129267) AFRICA | Gabon | Trade & Competitiveness Global Practice | IBRD/IDA | Investment Project Financing | FY 2014 | Seq No: 6 | ARCHIVED on 27-Oct-2016 | ISR25285 | Implementing Agencies: Ministry of Economy and Investment Promotion Key Dates Key Project Dates Bank Approval Date:11-Mar-2014 Effectiveness Date:03-Mar-2015 Planned Mid Term Review Date:15-May-2017 Actual Mid-Term Review Date:-- Original Closing Date:31-May-2019 Revised Closing Date:31-May-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objectives of the Project are to contribute to the improvement of the investment climate and to foster enterprise development in the Borrower’s territory. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Institutional Development to Improve the Business Climate:(Cost $9.00 M) Support Enterprise Development:(Cost $6.00 M) Project Management and Public Private Dialogue:(Cost $3.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Satisfactory Overall Risk Rating  Substantial  Substantial 10/27/2016 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) Implementation Status and Key Decisions The project is effective since March 2015 and the disbursement rate is about 30% (client connection). The investment promotion strategy for the newly established Investment Promotion Agency has been completed in early February 2016. ANPI has recruited its key staff and is finalizing its business plan. The President announced in August 2016 that the first session of the High Council of Investment will be organized in the near future. The HCI will help improve public private dialogue and push more aggressively the Investment climate reform agenda. For the entrepreneurship component, the 15 laureates selected during the first session of the Business Plan Competition are being supported and implementing their business plan. 10/27/2016 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) 10/27/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Substantial  Substantial Environment and Social  --  Low  Low Stakeholders  --  High  High Other  --  --  -- Overall  --  Substantial  Substantial Results Project Development Objective Indicators 10/27/2016 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) PHINDPDOTBL  Reduction in time (days) to register a business (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 50.00 50.00 2.00 Date 11-Mar-2014 31-Mar-2016 30-Sep-2016 31-May-2019 PHINDPDOTBL  Increase number of newly registered corporations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3490.00 3490.00 3490.00 22000.00 Date 31-Dec-2009 31-Mar-2016 30-Sep-2016 31-May-2019 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 15.00 15.00 25500.00 Date 11-Mar-2014 31-Mar-2016 30-Sep-2016 31-May-2019 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3.00 3.00 50.00 Overall Comments Intermediate Results Indicators 10/27/2016 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) PHINDIRITBL  Policy establishing ANPI-Gabon drafted with detailed action plan and manual of procedures (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 11-Mar-2014 31-Mar-2016 31-Mar-2016 31-May-2019 PHINDIRITBL  Number of domestic and foreign investors tracked in the Investors Tracking System (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 800.00 Date 24-Dec-2013 31-Mar-2016 30-Sep-2016 31-May-2019 PHINDIRITBL  Reduction number of procedures to register a business (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 7.00 7.00 7.00 5.00 Date 24-Dec-2013 31-Mar-2016 30-Sep-2016 31-May-2019 PHINDIRITBL  Number of entrepreneurs formally advised or mentored or granted startup capital or receiving aftercare support through the BusinessPlan Competition (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 30.00 30.00 150.00 Date 11-Mar-2014 31-Mar-2016 30-Sep-2016 31-May-2019 10/27/2016 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) PHINDIRITBL  Number of policy workshops organized (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 4.00 10.00 Date 11-Mar-2014 31-Mar-2016 30-Sep-2016 31-May-2019 PHINDIRITBL  Reduction in cost to register a business (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 12.50 12.50 12.50 9.50 Date 11-Mar-2014 31-Mar-2016 30-Sep-2016 31-May-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P129267 IBRD-83410 Effective USD 18.00 18.00 0.00 4.45 12.53 25% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P129267 IBRD-83410 Effective 11-Mar-2014 09-Apr-2014 03-Mar-2015 31-May-2019 31-May-2019 Cumulative Disbursements 10/27/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Gabon Investment Promotion & Competitiveness Project (P129267) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/27/2016 Page 8 of 8 Public Disclosure Copy