The World Bank Report No: ISR14810 Implementation Status & Results Jordan Strengthening the Regulatory and Institutional Framework for MSME Deve (P147875) Public Disclosure Copy Operation Name: Strengthening the Regulatory and Institutional Framework for Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 30-May-2014 MSME Deve (P147875) Country: Jordan Approval FY: 2014 Product Line: Recipient Executed Activities Region: MIDDLE EAST AND NORTH AFRICA Lending Instrument: Investment Project Financing Implementing Agency(ies): Central Bank of Jordan Key Dates Board Approval Date 04-Feb-2014 Original Closing Date 31-Aug-2018 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 04-Mar-2014 Revised Closing Date 31-Aug-2018 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective (PDO) would be to enhance financial services and products and to strengthen financial protection mechanism for MSMEs, while enhancing governance. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost (i) strengthening credit guarantees schemes 3.00 ii) enhancing the consumer protection mechanism 0.00 (iii) developing the regulatory a nd institutional framework for micro finance institutions and NBFIs 0.00 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Moderate Implementation Status Overview Appraisal of the Jordan Enhancing Governance and Strengthening the Regulatory and Institutional Framework for Micro, Small and Medium Enterprises Project in the amount of US$ 3 million from the MENA Transition Fund was successfully completed on October 23, 2013. The project was approved by the Transition Fund Steering Committee on December 4, 2013. The Grant Agreement was signed on February 9, 2014. The Grant Agreement was declared effective on March 4, 2014, and has disbursed US$ 400,000. Page 1 of 4 The World Bank Report No: ISR14810 Locations No Location data has been entered Public Disclosure Copy Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of microfinance loans after bringing Number Value 0.00 1500.00 the MFIs under the umbrella of CBJ Date 31-Jan-2014 31-Aug-2018 Comments Number of SME loans guaranteed by JLGC Number Value 3000.00 4500.00 Date 31-Jan-2014 31-Aug-2014 Comments Number of complaints resolved to the Number Value 0.00 600.00 satisfaction of the consumer by the Consumer Date 31-Jan-2014 31-Aug-2018 Protection Unit at CBJ within [30] days. Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Value of guarantees issued Amount(USD) Value 49000000.00 69000000.00 Date 31-Jan-2014 31-Aug-2018 Comments Figures in Jordanian Dinars so need to be converted to US$ Guaranteed loans by JLGC to women-owned Percentage Value 5.00 11.00 SMEs Date 31-Jan-2014 31-Aug-2018 Comments Public Disclosure Copy Consumer Protection Unit at CBJ fully staffed Yes/No Value No Yes and operational Date 31-Jan-2014 31-Aug-2018 Comments Completion of the necessary training programs Number Value 0.00 5.00 for the staff in the Consumer Protection Unit Date 31-Jan-2014 31-Aug-2018 Comments Page 2 of 4 The World Bank Report No: ISR14810 Number of public awareness campaigns and Number Value 0.00 3.00 financial literacy programs Date 31-Jan-2014 31-Aug-2018 Comments Public Disclosure Copy Microfinance Division at CBJ fully staffed and Yes/No Value No Yes operational Date 31-Jan-2014 31-Aug-2018 Comments Data on Financial Performance (as of 24-Apr-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P147875 TF-16588 Effective 09-Feb-2014 09-Feb-2014 04-Mar-2014 31-Aug-2018 31-Aug-2018 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P147875 TF-16588 Effective USD 3.00 3.00 0.00 0.40 2.60 13.00 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation The Grant Agreement was signed on February 9, 2014. The Grant Agreement was declared effective on March 4, 2014, and has disbursed US$ 400,000. Page 3 of 4 The World Bank Report No: ISR14810 Restructuring History There has been no restructuring to date. Public Disclosure Copy Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4