The World Bank Implementation Status & Results Report Third Export Development Project (EDP III) (P132381) Third Export Development Project (EDP III) (P132381) MIDDLE EAST AND NORTH AFRICA | Tunisia | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2014 | Seq No: 11 | ARCHIVED on 27-Jun-2019 | ISR37688 | Implementing Agencies: Republic of Tunisia, Ministry of Commerce Key Dates Key Project Dates Bank Approval Date: 16-Jun-2014 Effectiveness Date: 01-Sep-2015 Planned Mid Term Review Date: 30-Apr-2018 Actual Mid-Term Review Date: 18-May-2018 Original Closing Date: 31-Dec-2020 Revised Closing Date: 31-Dec-2020 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to help increase and diversify exports by supported enterprises in the identified sectors. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Support to improve the business climate and diffusion of technology and innovation:(Cost $10.10 M) Provision of financial and non-financial services to export enterprises:(Cost $35.80 M) Project Management and Support to the Ministry of Trade and Ministry of Investment:(Cost $4.10 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating High High Implementation Status and Key Decisions The project remains on track and benefitting from strong support from the authorities, in particular the Ministers of Commerce, of Transport and of Finance. The bid for the International Call for Tender for the new Customs Information System is progressing with 5 candidacies received on April 11, 2019. Their eligibility and technical offers are currently being evaluated by a technical committee. 6/27/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Third Export Development Project (EDP III) (P132381) The amendment Law 99-95 establishing the Dhamen Finance Fund was approved by parliament on April 2nd, 2019. The draft decree is being reviewed, particularly with regard to setting up a simplified and efficient governance that meets recognized good practices in the field of insurance guarantees. Cotunace is currently modifying the new legal documentation necessary to roll out the new product. The Go Live operation of STAM's investments aimed to improve processes at the Port of Radès, i.e. the acquisition of the terminal Operating Systems (TOS) and Smart Gates systems, is considerably delayed despite the finalization of the implementation. This action would have a positive impact on the competitiveness of exporters and Tunisia's ranking in the Doing Business Cross-Border Trade indicator. The government is establishing an operational back-end plan to ensure operationalization of these investments. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- High High Macroeconomic -- High High Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- High High Institutional Capacity for Implementation and Sustainability -- High High Fiduciary -- Moderate Moderate Environment and Social -- Low Low Stakeholders -- Substantial Substantial Other -- Low Low Overall -- High High Results PDO Indicators by Objectives / Outcomes 6/27/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Third Export Development Project (EDP III) (P132381) , IN00718266 ►Percentage of beneficiary firms that expanded their markets (new countries)   existing and new products/Services (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 67.40 78.80 50.00 Date 01-Jan-2015 29-Dec-2017 31-May-2019 31-Dec-2020 Data is available for 200 firms out of the 286 total number of benefiaries. Preliminary results are very encouraging wi firms having diversified their exports (target was 25%). In addition, 53% of those that penetrated a new market in 201 presence on it three years later; and 86.9% of firms that penetrated a new market in 2017 maintained their presence Comments: introduced RCT based impact evaluation approach has not yet delivered its first insights, but the team looks forward refine the measure of the matching grant impact. IN00718267 ►Total value of exports that benefited from the export guarantee Dhamen Finance (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50,000,000.00 55,300,000.00 745,000,000.00 Date 01-Jan-2015 31-Dec-2018 31-May-2019 31-Dec-2020 The performance of this activity is lagging as it required an amendment to the law and Decree of Dhamen Finance. The parliament approved the new Law regulating Dhamen Finance on April 2nd 2019, and the concerned Ministries are currently finalizing the implementation decree. Dhamen Finance team has Comments: developed a monitoring and forecast tool, but needs to strengthen the management of the guarantee by accelerating the recruitment of critical human resources needed to commercialize the new product, and finalization all legal documentation needed to roll it out successfully on the market place. IN00718268 ►Additional annual export growth of beneficiary firms compared to Tunisia total export growth for the same year (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 14.60 32.00 50.00 Date 01-Jan-2015 29-Dec-2017 31-May-2019 31-Dec-2020 2018 data is available for 200 firms (our of 286). The project’s performance on DO has significantly improved during FY18. In 2017: Additional annual export growth for beneficiary firms is 32% higher Comments: compared to Tunisia’s total export growth for the same year (target was 20%). Intermediate Results Indicators by Components Provision of financial and non-financial services to export enterprises IN00718269 ►Total value of new loans allocated to the firms that benefit from the guarantee (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10,000,000.00 11,430,000.00 248,600,000.00 6/27/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Third Export Development Project (EDP III) (P132381) Date 01-Jan-2015 31-Dec-2018 31-May-2019 31-Dec-2020 IN00718270 ►Number of beneficiary firms of export guarantee Dhamen Finance (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 48.00 55.00 491.00 Date 01-Jan-2015 31-Dec-2018 31-May-2019 31-Dec-2020 IN00718271 ►Number of beneficiary firms with at least one new foreign presence supported by the CEDF (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 35.00 34.00 75.00 Date 01-Jan-2015 31-Dec-2018 31-May-2019 31-Dec-2020 The target for 2018 was 30 and 50 for 2019 Comments: Updated/revised numbers received during May supervision mission IN00718272 ►Percentage of firms and associations with completed and implemented export plans under CEDF (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 11.00 17.50 70.00 Date 01-Jan-2015 31-Dec-2018 31-May-2019 31-Dec-2020 IN00718273 ►Number of associations / Economic Interest Groups supported by CEDF (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 23.00 22.00 30.00 Date 01-Jan-2015 31-Dec-2018 31-May-2019 31-Dec-2020 IN00718274 ►Number of firms supported by CEDF (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 286.00 286.00 600.00 Date 01-Jan-2015 31-Jan-2019 31-May-2019 31-Dec-2020 IN00722021 ►Firms that have become Authorized Economic Operators (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 9.00 -- 49.00 65.00 Date 01-Jan-2015 -- 31-May-2019 31-Dec-2020 IN00722029 ►Average time to process and release containers in the port of Radès ( TRS- time release study) (Days, Custom) 6/27/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Third Export Development Project (EDP III) (P132381) Baseline Actual (Previous) Actual (Current) End Target Value 5.10 -- 4.45 3.00 Date 01-Jan-2015 -- 31-May-2019 31-Dec-2020 IN00722030 ►Average time to process export conformity certification requests (Hours, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 72.00 -- 72.00 36.00 Date 01-Jan-2015 -- 31-May-2019 31-Dec-2020 Responsible agency : INNORPI Comments: IN00722031 ►Average waiting time per container to enter or exit the port of Rades (Hours, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 -- 4.00 0.50 Date 01-Jan-2015 -- 31-May-2019 31-Dec-2020 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P132381 IBRD-83980 Effective USD 50.00 50.00 0.00 17.57 28.57 38% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P132381 IBRD-83980 Effective 16-Jun-2014 19-Aug-2014 01-Sep-2015 31-Dec-2020 31-Dec-2020 Cumulative Disbursements 6/27/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Third Export Development Project (EDP III) (P132381) Restructuring History Level 2 Approved on 13-Nov-2017 ,Level 2 Approved on 29-Jan-2019 Related Project(s) There are no related projects. 6/27/2019 Page 6 of 6