The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Sustainable Enterprise Project (P163250) SOUTH ASIA | Bangladesh | Environment, Natural Resources & the Blue Economy Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 4 | ARCHIVED on 17-Dec-2019 | ISR39613 | Implementing Agencies: Government of Bangladesh, Palli Karma-Sahayak Foundation (PKSF) Key Dates Key Project Dates Bank Approval Date: 29-Mar-2018 Effectiveness Date: 08-Aug-2018 Planned Mid Term Review Date: 21-Nov-2021 Actual Mid-Term Review Date: Original Closing Date: 30-Jun-2023 Revised Closing Date: 30-Jun-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To increase adoption of environmentally sustainable practices by Targeted Microenterprises. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Enhancing Services and Enabling Systems:(Cost $24.00 M) Strengthened Access to Finance for environmentally friendly and resilient microenterprises:(Cost $75.00 M) Project Management, Communication and Knowledge Management and Monitoring & Evaluation:(Cost $11.00 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 Substantial Implementation Status and Key Decisions The SEP PMU is now fully functional with twenty-three professionals headed by a Project Coordinator. The PKSF signed Sub Project Agreements with 21 selected Partner Organizations (POs) and a total of 3,103 microenterprises (MEs), of which 81% which are female have received loans to invest in environmentally sustainable practices. The PKSF is expected to sign the remaining 9 Sub Project Agreements by December 31, 2019. The second round of call for proposals will be launched by December 20, 2019. The World Bank provided no objection to eleven Detailed Sub-project Proposals (DSPPs) which have acceptable quality. The PKSF has already completed review of another 10 DSPPs and the remaining 9 DSPPs have been submitted by the POs. 10 DSPPs are expected to be submitted to the World Bank for review by December 31, 2019. In parallel, the PKSF will mobilize IT experts to develop an online DSPP system for the next call for proposal. Also, this system should be better linked with reporting M&E aspects. 12/17/2019 Page 1 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) In the coming months, the PKSF will develop a TOR for the Mid-term review, which includes a perception survey (PDO #2) and an impact evaluation. The Mid-term review is tentatively planned in November 2020. The next implementation support mission is planned for May 31- June 4, 2020. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High High High Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability Substantial Substantial Substantial Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Substantial Substantial Substantial Other -- -- -- Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes To increase the adoption of environmentally sustainable practices by targeted microenterprises IN00775407 ►Microenterprises targeted by the project that have adopted at least one environmentally sustainable practice (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20,000.00 Date 21-Dec-2017 28-May-2019 25-Nov-2019 30-Jun-2023 IN00775408 ►Share of target beneficiaries with a rating of “satisfactory” or above on project interventions (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 12/17/2019 Page 2 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Date 21-Dec-2017 28-May-2019 25-Nov-2019 30-Jun-2023 IN00775409 disaggregated by sex (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 IN00775410 ►Targeted micro-enterprises that continue the adopted environmentally sustainable practice (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 21-Dec-2017 28-May-2019 25-Nov-2019 30-Jun-2023 IN00775411 disaggregate by sex of ME owner (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Intermediate Results Indicators by Components Enhancing Services and Enabling Systems IN00775412 ►Micro enterprise clusters provided with common services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 21-Dec-2017 28-May-2019 25-Nov-2019 30-Jun-2023 IN00775414 ►Share of targeted microenterprises provided with capacity-building support to adopt environmental sustainable practices (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 21-Dec-2017 28-May-2019 28-May-2019 30-Jun-2023 IN00775416 of which female-owned enterprises (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 21-Dec-2017 28-May-2019 28-May-2019 30-Jun-2023 Strengthened Access to Finance for environmentally friendly and resilient microenterprises IN00775413 ►Microenterprises that sign loan agreements with PKSF under the project (Number, Custom) 12/17/2019 Page 3 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 3,103.00 40,000.00 Date 21-Dec-2017 28-May-2019 30-Sep-2019 30-Jun-2023 IN00775415 of which female-owned enterprises (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P163250 IDA-62090 Effective USD 110.00 110.00 0.00 26.05 77.32 25% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P163250 IDA-62090 Effective 29-Mar-2018 16-May-2018 08-Aug-2018 30-Jun-2023 30-Jun-2023 Cumulative Disbursements 12/17/2019 Page 4 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/17/2019 Page 5 of 5