Public Disclosure Authorized EAST ASIA AND PACIFIC Mongolia Finance & Markets Global Practice IBRD/IDA Investment Project Financing FY 2017 Seq No: 3 ARCHIVED on 18-Dec-2017 ISR30626 Implementing Agencies: Government of Mongolia, Ministry of Finance, Agricultural Reinsurance Company Public Disclosure Authorized Key Dates Key Project Dates Bank Approval Date:07-Jul-2016 Planned Mid Term Review Date:30-Sep-2018 Original Closing Date:30-Jun-2021 Project Development Objectives Effectiveness Date:22-Dec-2016 Actual Mid-Term Review Date:-- Revised Closing Date:30-Jun-2021 Public Disclosure Authorized Project Development Objective (from Project Appraisal Document) The development objective of the project is to support Mongolian Small and Medium size firms (SMEs) in the non-mining sectors to strengthen their export capabilities and expand access to export markets. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Development of a new line of export finance products:(cost $10.00 M) Public Disclosure Authorized Component 2: Export competitiveness enhancement.:(cost $8.50 M) Component 3: Project Implementation Support:(Cost $1.50 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 Substantial Implementation Status and Key Decisions 12/18/2017 Page 1 of 9
The Project implantation is progressing well and is rated Satisfactory. The Project has disbursed USD1.38 million to date; has provided 19 matching grants, and training on the EDP for more than 1,000 SMEs representatives. The project website (www.edp.mn) in both English and Mongolian is now fully operational. The website provides information about the project contents, vacancy announcements, Matching Grants Manual & guidelines, training plans, and registration instructions for the training events. Also, 14 video training sessions on foreign trade related topics have been posted on the website. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High High High Macroeconomic High High High Sector Strategies and Policies Moderate Moderate Moderate 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 Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- -- Overall Substantial Substantial Substantial Results Project Development Objective Indicators PHINDPDOTBL Export Credit Insurance Products (Number, Custom) Value 0.00 0.00 0.00 2.00 PHINDPDOTBL Number of firms that start exporting following participation in project activities (cumulative, disaggregated by the number of firms owned by women) (Number, Custom) 12/18/2017 Page 2 of 9
Value 0.00 0.00 2.00 15.00 PHINDPDOTBL Number of firms that obtain internationally-recognized quality certification following support from the Matching Grant Facility(cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Value 0.00 0.00 0.00 15.00 PHINDPDOTBL Increase in export volume (by price) by the Project beneficiaries (average) (Percentage, Custom) Value 0.00 0.00 0.00 15.00 Overall Comments Intermediate Results Indicators Beneficiaries that feel project investments reflected their needs (percentage) (Percentage, Custom) Value 0.00 0.00 95.00 95.00 Date 01-Oct-2014 07-Jun-2017 30-Nov-2017 31-Dec-2018 12/18/2017 Page 3 of 9
Beneficiaries that feel project inv. reflected their needs - female (number) (Number, Custom Supplement) Value 0.00 0.00 0.00 38.00 Total beneficiaries - female (number) (Number, Custom Supplement) Value 0.00 0.00 10.00 40.00 Total beneficiaries - male (number) (Number, Custom Supplement) Value 0.00 0.00 9.00 80.00 Beneficiaries that feel project inv. reflected their needs - male (number) (Number, Custom Supplement) Value 0.00 0.00 0.00 76.00 12/18/2017 Page 4 of 9
Intended beneficiaries aware of project info. and project investments (%) (Percentage, Custom) Value 0.00 0.00 40.00 90.00 Date 01-Oct-2014 07-Jun-2017 30-Nov-2017 31-Dec-2018 Intended beneficiaries aware of project info. and project investments - female (Number, Custom Supplement) Value 0.00 0.00 700.00 36.00 Intended beneficiaries aware of project info. and project investments male (Number, Custom Supplement) Value 0.00 0.00 359.00 72.00 Intended beneficiaries - female (number) (Number, Custom Supplement) Value 0.00 0.00 10.00 40.00 12/18/2017 Page 5 of 9
Intended beneficiaries - male (number) (Number, Custom Supplement) Value 0.00 0.00 9.00 80.00 Volume of Bank Support: Institutional Development - SME (Amount(USD), Custom) Value 0.00 0.00 0.45 6.50 Direct project beneficiaries (Number, Custom) Value 0.00 0.00 19.00 120.00 Female beneficiaries (Number, Custom Supplement) Value 0.00 0.00 10.00 40.00 12/18/2017 Page 6 of 9
Increase in export revenues for MGF beneficiaries (average) (Percentage, Custom) Value 0.00 0.00 0.00 10.00 Increase in export revenues for firms benefitting from export insurance products issued by Subsidiary of AgRe (average) (Percentage, Custom) Value 0.00 0.00 0.00 10.00 Number of firms benefitting from export insurance and guarantee contracts issued by Subsidiary of AgRe (cumulative) (Number, Custom) Value 0.00 0.00 0.00 25.00 Date 31-Oct-2016 07-Jun-2017 30-Nov-2017 31-Jan-2020 Growth in non-mineral exports by Project beneficiaries (percentage, average) (Percentage, Custom) Value 0.00 0.00 0.00 15.00 12/18/2017 Page 7 of 9
Growth in non-china exports by Project beneficiaries (percentage, average) (Percentage, Custom) Value 0.00 0.00 0.00 15.00 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P147438 IDA-58790 Effective USD 20.00 20.00 0.00 1.38 18.64 7% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P147438 IDA-58790 Effective 07-Jul-2016 26-Aug-2016 22-Dec-2016 30-Jun-2021 30-Jun-2021 Cumulative Disbursements 12/18/2017 Page 8 of 9
Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/18/2017 Page 9 of 9