The World Bank Report No: ISR10191 Implementation Status & Results Tajikistan Private Sector Competitiveness (P130091) Public Disclosure Copy Operation Name: Private Sector Competitiveness (P130091) Project Stage: Implementation Seq.No: 3 Status: ARCHIVED Archive Date: 04-Jul-2013 Country: Tajikistan Approval FY: 2012 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 10-May-2012 Original Closing Date 31-Dec-2016 Planned Mid Term Review Date 01-Sep-2014 Last Archived ISR Date 24-Dec-2012 Effectiveness Date 06-Sep-2012 Revised Closing Date 31-Dec-2016 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the project is to remove key constraints to business development and investment by: (i) simplifying business registration and construction permitting processes; (ii) improving regulations and infrastructure underlying access to financial services; and (iii) encouraging development of the mining industry, where Tajikistan has a competitive advantage. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Strengthening the Business Environment 6.30 Encouraging the Development of Mining Industry 3.10 Project Management 0.60 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status Overview The overall progress of the project implementation has been moderately satisfactory. Implementation is constrained by delays in staffing the PMU. The majority of activities have been initiated but the pace of implementation is significantly slower than planned, and procurement needs to be accelerated significantly. The implementation progress of Component 1: Strengthening the Business Environment has been mixed. Progress has been made in the Improvement of financial infrastructure sub- Page 1 of 7 The World Bank Report No: ISR10191 component. Two other sub-components, such as (i) one-stop-shop for business registration and (ii) single window for construction permits, have not been initiated yet, although originally planned for initiation in the first half of 2013. The implementation progress of Component 2: Encouraging the Development of the Mining Industry has been as planned and all of the activities are on track. Public Disclosure Copy Locations Country First Administrative Division Location Planned Actual Tajikistan Dushanbe Dushanbe ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Indicator One: New businesses registered Number Value 60000.00 60000.00 69000.00 through the new online one-stop-shop Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 Comments No changes from baseline occurred yet as the OSS is not operational Indicator Two: Construction permits granted in Number Value 300.00 300.00 432.00 the single window in the city of Dushanbe Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 Comments No changes from baseline occurred yet as the single window is not operational Indicator Three: Lending based on new Amount(USD) Value 0.00 0.00 10000000.00 registration of security interests in the new Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 collateral registry using moveable assets as Comments New collateral registry has not collateral been procured, so no new registration has occurred Indicator Four: Legal and regulatory framework Text Value Compliance achieved in 0 out Compliance achieved in 0 out Improvement in at least 8 out to improve bank supervision is developed, of 25 Basel Core Principles of 25 Basel Core Principles of 25 Basel Core Principles Public Disclosure Copy adopted, and implemented Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 Comments No changes have been made to the framework yet Indicator Five: Legal and regulatory framework Text Value 4 out of 10 CPSIPS principles 4 out of 10 CPSIPS principles Improvement in at least 3 to improve payment system is developed, observed observed areas of the CPSIPS adopted, and implemented assessment Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 Comments No change from baseline value yet. Page 2 of 7 The World Bank Report No: ISR10191 Indicator Six: Number of new mining Number Value 3.00 3.00 25.00 exploration licenses issued Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 Comments No change from baseline Public Disclosure Copy value yet as no changes have yet been made in regulatory framework Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Intermediate Result indicator One: Time spent Days Value 24.00 24.00 3.00 on business registration Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments No reforms undertaken yet, so no changes from the baseline Intermediate Result indicator Two: Costs to Amount(USD) Value 227.00 227.00 166.00 register a business Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments No reforms undertaken yet, so no changes from the baseline Intermediate Result indicator Three: Steps to Number Value 5.00 5.00 3.00 register a business Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments No reforms undertaken yet, so no changes from the baseline Intermediate Result indicator Four: Time spent Days Value 228.00 228.00 150.00 on getting a construction permit in the city of Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Dushanbe Comments No reforms undertaken yet, so no changes from the baseline Public Disclosure Copy Intermediate Result indicator Five: Costs to Amount(USD) Value 850.00 850.00 75.00 obtain a construction permit Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments No reforms undertaken yet, so no changes from the baseline Page 3 of 7 The World Bank Report No: ISR10191 Intermediate Result indicator Six: Steps to Number Value 26.00 26.00 17.00 obtain a construction permit in the city of Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Dushanbe Comments No reforms undertaken yet, Public Disclosure Copy so no changes from the baseline Intermediate Result indicator Seven: Amended Yes/No Value No No Yes legal framework for secured transactions and Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 debt resolution regimes Comments No reforms undertaken yet, so no changes from the baseline Intermediate Result indicator Eight: Existence Yes/No Value No No Yes of an operational online system for registering Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 collateral Comments Procurement of the system has not occurred yet Intermediate Result Indicator Nine: Number of Number Value 0.00 0.00 600.00 loans backed by moveable assets and Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 registered in moveable collateral registry Comments Procurement of the system has not occurred yet Intermediate Result indicator Ten: Modern Text Value No No System installed and Automated Transfer System (ATS) and operational and all the module of financial instruments for interbank relevant staff trained to use it transactions operational Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments Procurement of the system did not occur yet Intermediate Result indicator Eleven: Number Number Value 1600.00 3459.00 2150.00 of high value (RTGS) payments made through Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 ATS per day Comments Intermediate Result Indicator Twelve: Number Number Value 0.00 0.00 2500.00 of low value (ACH) payments made through Public Disclosure Copy Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 ATS per day Comments ACH has not been procured yet Intermediate Result indicator Thirteen: Text Value Supervisory framework Supervisory framework Adoption of improved offsite Adoption of modern supervision methods lacking modern supervision lacking modern supervision reporting and analyses, new methods methods bank supervision manual, risk focused supervision, and consolidated supervision Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Page 4 of 7 The World Bank Report No: ISR10191 Comments Reforms in the supervisory framework not undertaken yet Intermediate Results Indicator Fourteen: Number Value 0.00 0.00 7.00 Public Disclosure Copy Adoption of banking regulations in line with Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 international standards Comments Work on banking regulations has not taken place yet. Intermediate Results Indicator Fifteen: Text Value No No Formal framework is in place Contingency planning and crisis management and simulations do not reveal framework adopted and implemented any serious shortcoming Date 01-Jul-2012 01-Jun-2013 31-Dec-2016 Comments Intermediate Result indicator Sixteen: Share of Percentage Value 0.00 0.00 75.00 existing and new claims in the Mining Cadastre Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 on new system Comments Procurement has not taken place yet Intermediate Result indicator Seventeen: Share Percentage Value 0.00 0.00 80.00 of geological surveys in electronic form on Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Modern System Comments Procurement has not taken place yet Intermediate Result indicator Eighteen: Months Value 36.00 36.00 18.00 Average time to issue a mining exploration Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 license Comments Direct project beneficiaries Number Value 60000.00 60000.00 69000.00 Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments This indicator will measure No change from baseline has the direct project beneficiaries occurred yet from introduction of one-stop- shop for business registration Public Disclosure Copy Female beneficiaries Percentage Value 0.00 0.00 10.00 Sub Type Supplemental Direct project beneficiaries Number Value 300.00 300.00 432.00 Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments This indicator will measure No change from baseline the direct project beneficiaries value has occurred yet. from introduction of single Page 5 of 7 The World Bank Report No: ISR10191 window for construction permits Female beneficiaries Percentage Value 0.00 0.00 10.00 Public Disclosure Copy Sub Type Supplemental Volume of Bank Support: Enabling Amount(USD) Value 0.00 0.00 1900000.00 Environment - SME Date 01-Mar-2012 01-Jun-2013 31-Dec-2016 Comments No change from baseline value has occurred yet Data on Financial Performance (as of 10-Apr-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P130091 IDA-H7710 Effective 10-May-2012 08-Jun-2012 06-Sep-2012 31-Dec-2016 31-Dec-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P130091 IDA-H7710 Effective XDR 6.50 6.50 0.00 0.50 6.00 8.00 Disbursement Graph Public Disclosure Copy Page 6 of 7 The World Bank Report No: ISR10191 Key Decisions Regarding Implementation None at this stage Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 7 of 7