The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Ferghana Valley Rural Enterprise Development Project (P166305) EUROPE AND CENTRAL ASIA | Uzbekistan | Agriculture and Food Global Practice | IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 2 | ARCHIVED on 23-Dec-2019 | ISR39866 | Implementing Agencies: Republic of Uzbekistan, Agency for the Implementation of Projects in the Field of Agroindustry and Food Security "UZAIFSA" Key Dates Key Project Dates Bank Approval Date: 21-Mar-2019 Effectiveness Date: 10-Jul-2019 Planned Mid Term Review Date: 01-Sep-2022 Actual Mid-Term Review Date: Original Closing Date: 31-Jul-2025 Revised Closing Date: 31-Jul-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To support the expansion of rural enterprise activity and job creation in Ferghana Valley Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Enterprise Development:(Cost $15.00 M) Component 2: Access to Finance:(Cost $167.00 M) Component 3: Project Management and Coordination:(Cost $3.00 M) Unallocated:(Cost $14.50 M) Front end fee:(Cost $0.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Moderate Implementation Status and Key Decisions The project’s objective is to support the expansion of rural enterprise activity and job creation in the Ferghana Valley. The project has three components: (1) Enterprise Development; (2) Access to Finance; and (3) Project Management and Coordination. The first component will support rural entrepreneurship through business incubation and business advisory services; and provide technical assistance to strengthen backward and forward linkages in supply chains to facilitate greater market access. The second component will provide financial and technical support for micro, small and medium enterprises in high potential sectors (agriculture, food processing, handicraft, rural services, tourism, and small manufacturing sectors) through a credit line and partial credit guarantee fund. The project will contribute to Uzbekistan’s reform agenda and the Government’s larger goal of building greater economic and job opportunities and facilitating private sector-led economic growth. 12/23/2019 Page 1 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) The project was declared effective in July 2019 and held launching events in October. Substantial scale up of activities is planned in the first year. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Sustainability Substantial Substantial Substantial Fiduciary Moderate Moderate Moderate Environment and Social Substantial Substantial Substantial Stakeholders Moderate Moderate Moderate Other -- -- -- Overall Substantial Substantial Moderate Results PDO Indicators by Objectives / Outcomes Expanded enterprise sector in Ferghana Valley IN00781871 ►Enterprise intensity index (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 110.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 The percentage ratio of the number of enterprises to the number of able age population. Index in base Comments: year = 100, end target = 110 (10% increase) IN00781873 Enterprise intensity index - Female-led enterprises (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 110.00 IN00781875 12/23/2019 Page 2 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Enterprise intensity index - led by youth (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 110.00 IN00781876 ►Number of enterprises supported under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,000.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: The number of enterprises supported under the project IN00781877 Number of micro enterprises supported under the project (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 700.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 IN00781878 Number of small enterprises supported under the project (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 700.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 IN00781879 Number of enterprises - Female led (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 500.00 IN00781880 Number of enterprises - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 700.00 IN00781881 ►Increase in total revenues of enterprises supported under the project, US$ (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 200,000.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 IN00781882 Increase in revenues of micro enterprises supported under the project (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 IN00781883 Increase in total revenues of small enterprises supported by the project (Percentage, Custom Supplement) 12/23/2019 Page 3 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15.00 Jobs creation IN00781870 ►Number of additional jobs generated by enterprises supported by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20,000.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: Number of total additional jobs generated by enterprises supported under the project IN00781872 Number of additional jobs generated by enterprises supported under the project - female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000.00 IN00781874 Number of jobs generated by enterprises supported by the project - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10,000.00 Overall Comments PDO No reporting on results indicators is expected at this stage however the next ISR cycle will begin to report on indicator results. Intermediate Results Indicators by Components Component 1: Enterprise Development IN00781885 ►Number of formal clusters or supply chain contract arrangements in the project area (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 The number of formal clusters or supply chain contract arrangements in the project area supported by the Comments: project, number IN00781887 ►Number of beneficiaries trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000.00 12/23/2019 Page 4 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: The total number of beneficiaries receiving average of 10 days of training over project lifetime, number IN00781890 Number of beneficiaries trained - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,500.00 IN00781892 Number of beneficiaries trained - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,500.00 IN00781893 ►Number of districts where rural business development services are being delivered under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 36.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: The number of districts where rural business development services are being delivered under the project IN00781895 ►Number of market promotion events carried out (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: The total number of market promotion events carried out under the project, number IN00781898 ►Number of new business startups (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: The number of new business start-ups supported by the project, number IN00781900 Number of new business start-ups supported under the project - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 IN00781901 Number of new start-ups supported by the project - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN00781902 12/23/2019 Page 5 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) ►Percentage of beneficiaries satisfied with services provided under the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 65.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Share of beneficiaries who are satisfied with the access to and quality of services provided under the Comments: project, percentage IN00781903 Percentage of beneficiaries satisfied with services provided under the project - Female (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 65.00 Component 2: Improving the Enabling Environment for SMEs and Business Clusters IN00781884 ►Volume of financing provided through participating financial institutions (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100,000,000.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: The total volume of financing provided through participating financial institutions, US$ IN00781886 Volume of financing to micro enterprises provided through participating financial institutions under the project (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10,000,000.00 IN00781888 Volume of financing provided to small enterprises through partcipating financial institutions (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20,000,000.00 IN00781889 ►Share of cluster sub-projects that leverage external financing (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Measures if clusters are able to successfully leverage external financing following receipt of TA provided Comments: under the project. IN00781891 ►Number of sub-loans (Number (Thousand), Custom) Baseline Actual (Previous) Actual (Current) End Target 12/23/2019 Page 6 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Value 0.00 0.00 0.00 1,200.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: Measures the number of sub-loans issued by participating financial institutions IN00781894 Number of sub-loans - Female (Number (Thousand), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 IN00781896 Number of sub-loans - Youth (Number (Thousand), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 200.00 IN00781897 ►Share of complaints addressed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Comments: Percentage of complaints received under the project that are addressed IN00781899 ►Non performing Loans (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5.00 Date 01-Jul-2019 01-Jul-2019 01-Jul-2019 31-Dec-2024 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P166305 IBRD-89380 Effective USD 200.00 200.00 0.00 0.55 199.45 0.3% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P166305 IBRD-89380 Effective 21-Mar-2019 11-Apr-2019 10-Jul-2019 31-Jul-2025 31-Jul-2025 12/23/2019 Page 7 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/23/2019 Page 8 of 8