The World Bank Report No: ISR16061 Implementation Status & Results Colombia CO: Enhancing Fiscal Capacity to Promote Shared Prosperity DPL (P145605) Public Disclosure Copy Project Name: CO: Enhancing Fiscal Capacity to Promote Shared Program Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 17-Oct-2014 Prosperity DPL (P145605) Country: Colombia Approval FY: 2014 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 06-Sep-2013 Original Closing Date 31-Dec-2014 Planned Mid Term Review Date Last Archived ISR Date 23-Feb-2014 Effectiveness Date 09-Sep-2013 Revised Closing Date 31-Dec-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) To support the Government of Colombia in improving fiscal, territorial, and gender equity through specific actions in targeted policy areas, while enhancing access to information and accountability in public spending. 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 The Colombia Enhancing Fiscal Capacity to Promote Shared Prosperity DPL (P145605) was approved by the World Bank's Executive Board and signed on September 6, 2013. The Public Disclosure Copy project was declared effective on September 9, 2013 and the loan was fully disbursed for US$600,000,000 on September 12, 2013. The project will close on December 31, 2014. Results Results Indicators Page 1 of 5 The World Bank Report No: ISR16061 Indicator Name Core Unit of Measure Baseline Current End Target Total direct tax revenues paid by the top .4 Percentage Value 0.23 0.28 percent of earners as a percentage of GDP Date 31-Dec-2012 26-Sep-2014 31-Dec-2014 Public Disclosure Copy Comments Due to the sensitive nature of the data supporting this indicator, the process of anonymization and recent personnel changes at both Hacienda and DIAN, indicator information is not available to the team. However, while the indicator data is not currently available, it is expected that the supported reforms have moved this indicator towards the target. Management will be informed once the indicator data is confirmed in the coming weeks. Tax revenue from CREE as a percentage of Percentage Value 0.00 1.35 0.61 GDP Date 31-Dec-2012 31-Aug-2014 31-Dec-2014 Comments The revised tax revenue of CREE as a percentage of GDP for 2013 was 0.42 with respect to 0.35 reported in the past ISR which was based on end of November numbers and preliminary estimations (both the CREE tax collection and the GDP). The current value of the indicator (as of Aug 2014) is 1.35. The preliminary estimation of tax Public Disclosure Copy revenue of CREE as a percentage of GDP for 2014 is 1.59 according to the Ministry of Finance. Number of projects approved by OCAD and Number Value 0.00 5632.00 1500.00 under contract that correspond to the new Date 31-Dec-2012 15-Jul-2013 31-Dec-2014 General System of Royalties Comments Of a total of 5,632 approved projects and under contract, 595 correspond to regional Page 2 of 5 The World Bank Report No: ISR16061 OCAD, 1,438 to Departmental OCAD, 3.323 to Municipal OCAD, 224 of Science and Technology OCAD, and the Public Disclosure Copy remaining 52 to CORMAGDALENA and CORPORACIONES. Share of eligible beneficiaries receiving the Percentage Value 35.00 55.91 42.00 Colombia Mayor Program subsidy Date 31-Dec-2012 30-Jun-2014 31-Dec-2014 Comments The fiscal funds assigned to the Colombia Mayor Program have doubled between 2012 and 2014 (from 511,909 million of COP to 1.03 billion of COP). The total number of beneficiaries at the end of June 2014 was 1,273,976 of a population of eligible beneficiaries of 2,278,722 Total budget assigned to finance provision of Percentage Value 0.00 0.01 0.01 specific measures to protect women who are Date 31-Dec-2012 31-Aug-2014 31-Dec-2014 victims of gender violence (defined in Decree Comments The budget assigned for No. 2734) as a percentage of the National Current Expenditures financing provision of specific measures to protect women who are victims of gender violence by the social tax on guns, ammunition and explosives in 2014 is 12,510 million COP (in comparison with a budget of 10,962 million for 2013. The total national budget of 2014 is 203 billion COP. However, it is Public Disclosure Copy important to notice that the legal resolution by the Ministry of Health and Social Protection has not been released to date. Therefore, the assigned funds have not been disbursed due to access issues by eligible recipients. Page 3 of 5 The World Bank Report No: ISR16061 Percentage of the information related to budget Percentage Value 85.00 100.00 100.00 execution with respect to the total amount of Date 31-Dec-2012 31-Jan-2014 31-Dec-2014 the National Budget that is publishedin the Comments 100 percent of the information transparency portal on a daily basis Public Disclosure Copy related to budget execution was achieved during December 2013. The information on budget execution currently has been disaggregated by regions. This dashboard can be consulted at http://www.pte. gov.co Percentage of information related to revenue Percentage Value 0.00 100.00 80.00 collection with respect to the total amount of Date 31-Dec-2012 30-Jun-2014 31-Dec-2014 the National Budget that is published in the Comments Since the information on transparency portal on a daily basis budget execution has been used by the President during weekly Ministerial meetings, the request to complete the dashboard on revenue collection accelerated and has reached 100% to date. Endorsement of annual release of monetary Number Value 0.00 1.00 1.00 and multidimensional poverty indicators and its Date 31-Dec-2012 13-Mar-2014 31-Dec-2014 corresponding micro-data by the Monetary Comments The meeting of the poverty Poverty Expert Committee and the Multidimensional Expert Committee committees to discuss the results of monetary poverty and multidimensional poverty was held in March 13,2014. The official press release informing the indicators to the public was published on April Public Disclosure Copy 9, 2014. Data on Financial Performance (as of 12-Sep-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P145605 IBRD-82870 Effective 06-Sep-2013 06-Sep-2013 09-Sep-2013 31-Dec-2014 31-Dec-2014 Disbursements (in Millions) Page 4 of 5 The World Bank Report No: ISR16061 Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P145605 IBRD-82870 Effective USD 600.00 600.00 0.00 600.00 0.00 100.00 Tranches Public Disclosure Copy Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation No key decision for disclosure. Restructuring History There has been no restructuring to date. Related Operations There are no related projects. Public Disclosure Copy Page 5 of 5