The World Bank Regional Infrastructure Development Fund (P154947)

Transcription

1 Public Disclosure Authorized EAST ASIA AND PACIFIC Indonesia Social, Urban, Rural and Resilience Global Practice Global Practice IBRD/IDA Investment Project Financing FY 2017 Seq No: 3 ARCHIVED on 06-Dec-2017 ISR30764 Implementing Agencies: Ministry of Finance, Republic of Indonesia, PT Sarana Multi Infrastruktur Public Disclosure Authorized Key Dates Key Project Dates Bank Approval Date:10-Mar-2017 Planned Mid Term Review Date:31-Mar-2019 Original Closing Date:31-Dec-2020 Project Development Objectives Effectiveness Date:28-Sep-2017 Actual Mid-Term Review Date:-- Revised Closing Date:31-Dec-2020 Public Disclosure Authorized Project Development Objective (from Project Appraisal Document) To increase access to infrastructure finance at the subnational level through a financially sustainable financial intermediary. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Capital Support for RIDF:(Cost $ M) Component 2: RIDF Project Development Facility:(Cost $6.00 M) Public Disclosure Authorized 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 This ISR is a minor update of ISR#2 dated December 3, 2017, where the safeguards ratings have been revised to be consistent with the IRT. 12/6/2017 Page 1 of 6

2 The project is at the early stages of implementation. Effectiveness was declared on September 28, The project is now being socialized to subnational governments, and a pipeline of subprojects is being built up as a priority. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Substantial Substantial 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 Moderate Moderate Moderate Fiduciary Moderate Moderate Moderate Environment and Social Substantial Substantial Substantial Stakeholders Substantial Substantial Substantial Other Overall Substantial Substantial Substantial Results Project Development Objective Indicators Number of subnational governments receiving RIDF loans (Number, Custom) Value Average loan size approved by RIDF (IDR billions) (Number, Custom) Value /6/2017 Page 2 of 6

3 Average tenor of loans approved by RIDF (Years, Custom) Value Return on RIDF assets (Percentage, Custom) Value Non-performing loans (NPLs) (Percentage, Custom) Value Proportion of the total loan portfolio concentrated in a single sector (Percentage, Custom) 12/6/2017 Page 3 of 6

4 Value Overall Comments Intermediate Results Indicators Amount of capital raised (Amount(USD), Custom) Value ,000, Number of subproject loans appraised (Number, Custom) Value Percentage of subproject specific complaints received that are addressed/followed up by subnational governments (Percentage, Custom) Value /6/2017 Page 4 of 6

5 Number of subnational governments applying for RIDF Project Development Facility services (Number, Custom) Value Number of projects prepared with assistance from the RIDF Project Development Facility (Number, Custom) Value Percentage of subprojects planned with adequate citizen engagement (Percentage, Custom) Value Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P IBRD Effective USD % P TF-A3871 Effective USD % 12/6/2017 Page 5 of 6

6 Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P IBRD Effective 10-Mar May Sep Dec Dec-2020 P TF-A3871 Effective 10-Mar May Sep Jun Jun-2019 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/6/2017 Page 6 of 6