The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) Catalyzing Entrepreneurship for Job Creation (P162835) MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 20-Sep-2019 | ISR38237 | Implementing Agencies: Arab Republic of Egypt, Micro, Small, Medium Enterprise Development Agency - MSMEDA Key Dates Key Project Dates Bank Approval Date: 17-Apr-2019 Effectiveness Date: Planned Mid Term Review Date: -- Actual Mid-Term Review Date: Original Closing Date: 30-Jun-2025 Revised Closing Date: 30-Jun-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to foster job creation and improve other economic opportunities for targeted beneficiaries Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name I - Financial Support to MSMEs:(Cost $146.00 M) II - Risk Capital for Innovative Startups and High Growth SMEs:(Cost $50.00 M) III - Business and Capacity Development:(Cost $3.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Moderately Satisfactory Overall Implementation Progress (IP) -- Moderately Satisfactory Overall Risk Rating -- High Implementation Status and Key Decisions The Catalyzing Entrepreneurship for Job Creation Project in the amount of US$200 million, was approved by the World Bank Group Board of Executive Directors on April 17, 2019. The Loan Agreement and Project Agreement were signed on May 5, 2019. The Project has not yet been made effective. (N.B. Parliament is in summer recess, reconvening in October 2019). 9/20/2019 Page 1 of 5 The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate -- Moderate Macroeconomic High -- High Sector Strategies and Policies High -- High Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Sustainability Substantial -- Substantial Fiduciary Moderate -- Moderate Environment and Social Moderate -- Moderate Stakeholders Moderate -- Moderate Other -- -- -- Overall High -- High Results PDO Indicators by Objectives / Outcomes Catalyzing Entrepreneurship IN00734329 ►Number of entrepreneurs receiving financing through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 85,200.00 Date 30-Jun-2019 -- 07-Aug-2019 30-Jun-2025 This indicator will measure the total number of beneficiaries receiving debt and equity financing through Comments: the project. IN00734391 Of which total women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 IN00734393 Of which women aged over 35 (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 IN00734394 Of which youth (aged 21-35) (Percentage, Custom Supplement) 9/20/2019 Page 2 of 5 The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 IN00734395 Of which receive equity financing (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 190.00 Date 28-Jun-2019 -- 07-Aug-2019 30-Jun-2025 IN00734396 Of which: receive debt financing (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 85,010.00 Date 28-Jun-2019 -- 07-Aug-2019 30-Jun-2025 Creating Jobs IN00734330 ►Number of jobs created through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100,000.00 Date 28-Jun-2019 -- 07-Aug-2019 30-Jun-2025 Comments: Number of jobs created by entrepreneurs receiving financing through the project IN00734392 Of which women (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 Intermediate Results Indicators by Components Component I, II and III IN00734397 ►Risk capital intermediaries receiving equity financing (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 Date 30-Jun-2019 -- 07-Aug-2019 30-Jun-2025 This indicator measures the total number of financial intermediaries that receive financing through the Comments: project (funds that receive follow-on financing through the project should only be counted once)) IN00734398 of which: seed/acceleration stage (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 9/20/2019 Page 3 of 5 The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) Value 0.00 -- 0.00 4.00 Date 30-Jun-2019 -- 07-Aug-2019 30-Jun-2025 IN00734399 of which: SME/Venture capital stage (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6.00 Date 30-Jun-2019 -- 07-Aug-2019 30-Jun-2025 IN00734400 ►Financial intermediaries receiving debt financing through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30.00 Date 30-Jun-2019 -- 07-Aug-2019 30-Jun-2025 Total number of Financial Intermediaries that receive debt financing through the Project for on-lending to Comments: microenterprises and SMEs. IN00734401 ►Volume of risk capital mobilized by private sector entities for innovative startups and high-growth SMES (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 89,000,000.00 Date 28-Jun-2019 -- 07-Aug-2019 30-Jun-2025 The indicator tracks the amount of direct financing (in the form of equity) mobilized by private entities, Comments: using private funding, to finance investments within an IBRD/IDA operation or investments IN00734402 ►Percent of Beneficiaries satisfied with project interventions (Citizen Engagement Indicator) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 70.00 Date 28-Jun-2019 -- 07-Aug-2019 27-Jun-2025 Comments: The percentage of entrepreneurs that are satisfied with the financial services provided through the project Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P162835 IBRD-89510 USD 200.00 200.00 0.00 0.00 200.00 0% Effective 9/20/2019 Page 4 of 5 The World Bank Implementation Status & Results Report Catalyzing Entrepreneurship for Job Creation (P162835) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P162835 IBRD-89510 17-Apr-2019 -- -- 30-Jun-2025 30-Jun-2025 Effective Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 9/20/2019 Page 5 of 5