The World Bank Report No: ISR12042 Implementation Status & Results Mauritania MR - Business Environment Enhancement Project (P102031) Public Disclosure Copy Operation Name: MR - Business Environment Enhancement Project (P102031) Project Stage: Implementation Seq.No: 12 Status: ARCHIVED Archive Date: 30-Oct-2013 Country: Mauritania Approval FY: 2008 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 22-May-2008 Original Closing Date 30-Nov-2013 Planned Mid Term Review Date 16-Sep-2012 Last Archived ISR Date 09-Apr-2013 Effectiveness Date 28-Dec-2009 Revised Closing Date 30-Nov-2014 Actual Mid Term Review Date 18-Sep-2012 Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall project development objective (PDO) is to enhance the business climate for financial institutions and other targeted private sector enterprises in Mauritania. The revised PDO Outcome indicators are: (1) Number of procedures required to establish a business is reduced (2) Percentage of credits reported to the credit registry increases. Has the Project Development Objective been changed since Board Approval of the Project? � Yes No Component(s) Component Name Component Cost 1. Improving the Business Climate to Foster Private Sector Development 3.00 2. Building Public-Private Partnerships and Productivity Enhancement 1.50 3. Support for Project Implementation 0.50 Overall Ratings Public Disclosure Copy 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 Overview The first mission since the restructuring of the Project took place in September 2013 and confirmed progress in project activities. However, the Project IP and PDO ratings will be maintained at Marginally satisfactory (MS). They will be reviewed in a few months and upgraded if continued progress is maintained. Progress includes the following: Legal covenants: (i) the completion of the hiring of the PIU Project team; and (ii) publication of a legal document (Arrêté) that formally establish the new PIU under the Ministry of Page 1 of 4 The World Bank Report No: ISR12042 Economic Development (MAED) have been met. Disbursement rate has increased to more than 55%. Implementation progress includes: (i) Audit of 10 commercial banks which were completed and an action plan was drafted by the Central Bank of Mauritania to implement the recommendations. Public Disclosure Copy (ii) Credit bureau: Preliminary work was completed to ensure a secure line of communication exists between the Central Bank and Commercial banks for transfer of data on borrowers. TA was provided by IFC as a follow up to make the Credit bureau operational. (iii) Feasibility study for One-stop-shop for enterprise creation and investment in Nouakchott has been completed. (iv) One-stop-shop for enterprise creation and investment in Nouadhibou Special Economic Zone is operational (v) Electricity Sector: the studies on the Electricity sector master plan as well as implementation of new tariffs by SOMELEC (the state-owned electricity company) have been completed and will prove very valuable for the efficiency of the energy sector as well as for the « Gas-to-Power » Project in preparation. (vi) MAURIPOST audit has been completed and delivered to the authorities for implementation of the recommendations. The other SOE audit have been completed with public funding and expected to move to performance contract as recommended by Bank. (vii) The national private sector development strategy is underway with first phase of consulting work delivered and final product expected end of November 2013 (viii) The revision of Code of Contracts is in progress; (ix) Financial Sector Strategy: Financed by FIRST trust fund, the strategy has finally been adopted by the Government. A dissemination workshop is to be scheduled to solicit the financial support of the donor community for implementation. Locations Country First Administrative Division Location Planned Actual Mauritania District de Nouakchott Nouakchott Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of procedures required to establish a Text Value 11 5 business is reduced Date 01-Jan-2008 31-Dec-2012 30-Nov-2014 Comments Doing Business 2013 data Percentage of credits reported to the credit Percentage Value 30.00 40.00 50.00 registry increases Date 31-Dec-2012 30-Jun-2013 30-Nov-2014 Public Disclosure Copy Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Cost to start up a business (as a percent of Text Value 56% 47.6 35% GNI per capita) decreases Date 01-Jan-2008 30-Jun-2013 30-Nov-2014 Comments Doing Business 2013 data Page 2 of 4 The World Bank Report No: ISR12042 Number of days required to start a business Text Value 65 19 7 decreases Date 01-Jan-2008 30-Jun-2013 30-Nov-2014 Comments Doing Business 2013 data Public Disclosure Copy Number of tax payments per year decreases Text Value 38 37 20 Date 01-Jan-2008 31-Dec-2012 30-Nov-2014 Comments Doing Business 2013 data Direct project beneficiaries Number Value 0.00 0.00 100.00 Date 31-Dec-2012 30-Jun-2013 31-Oct-2014 Comments Has not been measured yet Female beneficiaries Percentage Value 0.00 0.00 100.00 Sub Type Supplemental A one-stop-shop for enterprise creation is Yes/No Value No No Yes established and operational Date 31-Dec-2012 30-Jun-2013 30-Nov-2014 Comments Feasibility study undertaken The commercial registry is computerized and Yes/No Value No No Yes operational Date 31-Dec-2012 30-Jun-2013 30-Nov-2014 Comments Data on Financial Performance (as of 04-Sep-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P102031 IDA-44480 Effective 22-May-2008 01-Jul-2008 28-Dec-2009 30-Nov-2013 30-Nov-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Public Disclosure Copy P102031 IDA-44480 Effective XDR 3.20 3.20 0.00 1.77 1.43 55.00 Disbursement Graph Page 3 of 4 The World Bank Report No: ISR12042 Public Disclosure Copy Key Decisions Regarding Implementation Level 1 Project Restructuring was approved by the Board in March 2013 Restructuring History Level one Approved on 19-Mar-2013 Related Projects There are no related projects. 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