The World Bank Implementation Status & Results Report Innovative Private Sector Development (P164412) Innovative Private Sector Development (P164412) MIDDLE EAST AND NORTH AFRICA | West Bank and Gaza | Finance, Competitiveness and Innovation Global Practice | Special Financing | Investment Project Financing | FY 2018 | Seq No: 3 | ARCHIVED on 27-Mar-2020 | ISR40241 | Implementing Agencies: PALESTINIAN LIBERATION ORGANIZATION (for the benefit of the Palestinian Authority), Ministry of National Economy through a private sector implementing agency Key Dates Key Project Dates Bank Approval Date: 01-Jun-2018 Effectiveness Date: 02-Oct-2019 Planned Mid Term Review Date: 15-Jun-2021 Actual Mid-Term Review Date: Original Closing Date: 15-Nov-2023 Revised Closing Date: 15-Nov-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To improve economic opportunities for individuals and firms in the West Bank and Gaza. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Entrepreneurship Ecosystem Development:(Cost $8.40 M) Building an Outsourcing Hub in Gaza:(Cost $2.95 M) Project Management:(Cost $1.65 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 High High Implementation Status and Key Decisions The Innovative Private Sector Development Project (IPSD) in the amount of US$13 million was approved by the World Bank Board of Executive Directors on June 1, 2018 and became effective on October 2, 2019. The PIA is staffed with key personnel and is fully operational. Two workshops were held in December 2019: (i) a Microsoft for Startups 2-day bootcamp, and (ii) the Microsoft Azure Training. 3/27/2020 Page 1 of 6 The World Bank Implementation Status & Results Report Innovative Private Sector Development (P164412) 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 Substantial Substantial Substantial Technical Design of Project or Program High High High Institutional Capacity for Implementation and High High High Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Low Low Low Stakeholders High High High Other Substantial Substantial Substantial Overall High High High Results PDO Indicators by Objectives / Outcomes To improve economic opportunities for individuals and firms in the West Bank and Gaza IN00792542 ►Beneficiary individuals of improved economic opportunities (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 6,700.00 Date 26-Mar-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792543 New sole proprietorships registered (per year) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3,700.00 Date 05-Apr-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792544 Percentage female (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 3/27/2020 Page 2 of 6 The World Bank Implementation Status & Results Report Innovative Private Sector Development (P164412) IN00792545 Graduates, who successfully completed market-driven training (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3,000.00 Date 11-Apr-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792566 Percentage female (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 IN00792567 ►Beneficiary firms of improved economic opportunities (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,015.00 Date 01-May-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792568 Percentage female-owned (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 IN00792569 Beneficiary firms that have raised private investment (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Date 01-May-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792570 Percentage female-owned (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 IN00792571 New firms registered (per year) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000.00 Date 15-May-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792572 Percentage female-owned (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 3/27/2020 Page 3 of 6 The World Bank Implementation Status & Results Report Innovative Private Sector Development (P164412) Value 0.00 0.00 0.00 15.00 IN00792573 ►Private investment raised by beneficiary firms (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000,000.00 Date 05-Apr-2018 31-May-2019 06-Mar-2020 15-Nov-2023 Intermediate Results Indicators by Components Entrepreneurship Ecosystem Development IN00792574 ►Beneficiary firms that received catalytic funding and market access grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 164.00 Date 27-Mar-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792576 ►Average number of procedures to comply with business regulation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 10.00 10.00 6.00 Date 26-Mar-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792577 ►Average number of days to comply with business regulation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 43.00 43.00 43.00 25.00 Date 26-Mar-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792578 ►Recommendations proposed by the project that are endorsed for implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5.00 Date 26-Mar-2018 31-May-2019 06-Mar-2020 15-Nov-2023 IN00792579 ►Beneficiaries satisfied with project interventions. (Percentage, Custom) 3/27/2020 Page 4 of 6 The World Bank Implementation Status & Results Report Innovative Private Sector Development (P164412) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 01-Jun-2018 31-May-2019 06-Mar-2020 15-Nov-2023 Building an Outsourcing Hub in Gaza IN00792575 ►Beneficiaries satisfied with project interventions (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 26-Mar-2018 31-May-2019 06-Mar-2020 15-Nov-2023 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P164412 TF-A7439 Effective USD 13.00 13.00 0.00 0.80 12.20 6.2% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P164412 TF-A7439 Effective 01-Jun-2018 16-Jul-2018 02-Oct-2019 15-Nov-2023 15-Nov-2023 Cumulative Disbursements 3/27/2020 Page 5 of 6 The World Bank Implementation Status & Results Report Innovative Private Sector Development (P164412) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 3/27/2020 Page 6 of 6