The World Bank Report No: ISR9486 Implementation Status & Results Mexico Fiscal Risk Management Development Policy Loan (P123505) Public Disclosure Copy Project Name: Fiscal Risk Management Development Policy Loan Program Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 02-Feb-2013 (P123505) Country: Mexico Approval FY: 2012 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 22-Mar-2012 Original Closing Date 29-Nov-2013 Planned Mid Term Review Date 15-Apr-2013 Last Archived ISR Date 09-Jul-2012 Effectiveness Date Revised Closing Date 29-Nov-2013 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The overall Program Development Objective is to support Mexico's fiscal risk management policies so as to foster the efficient and effective implementation of public expenditure programs. This will be achieved by: (i) supporting Mexico's integrated risk management approach; (ii) promoting the institutionalization of risk management; and (iii) highlighting critical elements of Mexico's risk management framework. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status Overview Public Disclosure Copy The MX Fiscal Risk Management Development Policy Loan (P123505) was approved by the Board of Executive Directors on March 22, 2012. The Loan Agreement is currently pending signature by the Borrower. Results Results Indicators Page 1 of 3 The World Bank Report No: ISR9486 Indicator Name Core Unit of Measure Baseline Current End Target Number of Active Accounts in Cetes Directo Number Value 0.00 16685.00 15000.00 Date 31-Dec-2010 30-Jun-2012 31-Dec-2012 Public Disclosure Copy Comments source: Informe Semanal SHCP 8-12 Octubre 2012 Amount invested through Cetes Directo Amount(USD) Value 0.00 8570000000.00 1000000000.00 Date 31-Dec-2011 30-Jun-2012 31-Dec-2012 Comments MXN 857 million MXN 1 billion source: Informe Semanal SHCP 8-12 Octubre 2012 Annual number of payments made from the Number Value 15000000.00 45000000.00 25000000.00 Single Treasury Account Date 31-Dec-2010 31-Dec-2012 31-Dec-2012 Comments 15 million during 2010 45 million during 2012 25 million during 2012 (estimated) Average time between the declaration of a Days Value 45.00 28.00 natural disaster and access to FONDEN Date 31-Dec-2010 31-Dec-2012 resources for infrastructure reconstruction Comments Reconstruction Programs closed within each Percentage Value 26.00 35.00 Fiscal Year (as a percentage of total) Date 31-Dec-2010 31-Dec-2012 Comments 26 percent during 2010 35 percent during 2012 Registered subnational debt as a percentage of Percentage Value 86.50 93.00 total subnational debt Date 31-Dec-2010 31-Dec-2012 Comments Data on Financial Performance (as of 23-Mar-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date Public Disclosure Copy P123505 IBRD-81400 Not Effective 22-Mar-2012 29-Nov-2013 29-Nov-2013 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P123505 IBRD-81400 Not Effective USD 300.75 300.75 0.00 0.00 300.75 0.00 Tranches Tranche 1 Page 2 of 3 The World Bank Report No: ISR9486 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Public Disclosure Copy Key Decisions Regarding Implementation The translation of the Program Document in Spanish has been submitted through the operations portal for public disclosure. Restructuring History There has been no restructuring to date. Related Operations There are no related projects. Public Disclosure Copy Page 3 of 3