The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Mongolia Export Development Project (P147438) EAST ASIA AND PACIFIC | Mongolia | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 7 | ARCHIVED on 20-Dec-2019 | ISR39782 | Implementing Agencies: Mongolia, Agricultural Reinsurance Company, now MongolianRe, Ministry of Food, Agriculture and Light Industry Key Dates Key Project Dates Bank Approval Date: 07-Jul-2016 Effectiveness Date: 22-Dec-2016 Planned Mid Term Review Date: 30-Sep-2018 Actual Mid-Term Review Date: 28-Sep-2018 Original Closing Date: 30-Jun-2021 Revised Closing Date: 30-Jun-2021 pdoTable Project Development Objectives 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 Components Table Name Component 1: Development of a new line of export finance products:(Cost $10.00 M) 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 Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions EDP is being restructured through a two-phase approach. At first, the project implementation will be transferred from the Ministry of Finance (MOF) to the Ministry of Food, Agriculture and Light Industry (MOFALI) and the SME definition will be revised. MOFALI will establish a stand-alone PIU and put in place the required governance structures. After this is done, the second restructuring will focus on revising the components of the project. 12/20/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) 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 Substantial Substantial Fiduciary Moderate Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- -- Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Strenghten SMEs export capabilities and expand access to export markets IN00779762 ►Increase in export volume (by price) by the Project beneficiaries (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 60.00 60.00 15.00 Date 22-Dec-2016 31-Dec-2018 16-Dec-2019 30-Jun-2021 IN00779763 ►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) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7.00 7.00 15.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 IN00779764 ►Number of firms that start exporting following participation in project activities (cumulative, disaggregated by the number of firms owned by women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 12/20/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Value 0.00 8.00 8.00 15.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 IN00779765 ►Export Credit Insurance Products (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 Overall Comments PDO There is no change in the project indicators since the previous ISR as the project implementation has been "on hold". Intermediate Results Indicators by Components Component 1: Development of a new line of export finance products IN00779766 ►Number of firms benefitting from export insurance and guarantee contracts issued by Subsidiary of AgRe (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 IN00779769 ►Increase in export revenues for firms benefitting from export insurance products issued by Subsidiary of AgRe (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 Component 2: Export competitiveness enhancement. IN00779767 ►MGF beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 85.00 85.00 90.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 SMEs receiving matching grants. Comments: IN00779770 Female beneficiaries (Number, Custom Supplement) 12/20/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 39.00 39.00 36.00 IN00779772 ►Increase in export revenues for MGF beneficiaries (average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 60.00 60.00 10.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 IN00779774 ►Volume of Bank Support: Institutional Development - SME (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.60 1.60 6.50 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 Amounts committed for component 2 (matching grants and training) Comments: IN00779776 ►Growth in non-China exports by Project beneficiaries (percentage, average) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 6.00 15.00 Date 22-Dec-2016 31-Dec-2018 16-Dec-2019 30-Jun-2021 Component 3: Project Implementation Support IN00779768 ►Beneficiaries aware of project info. and project investments (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 400.00 400.00 120.00 Date 22-Dec-2016 25-Mar-2019 16-Dec-2019 30-Jun-2021 IN00779771 Beneficiaries aware of project info. and project investments - female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 195.00 195.00 40.00 IN00779773 Beneficiaries aware of project info. and project investments –male (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 205.00 205.00 80.00 IN00779775 ►Beneficiaries that feel project investments reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 12/20/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Value 0.00 97.00 97.00 95.00 Date 22-Dec-2016 31-Dec-2018 16-Dec-2019 30-Jun-2021 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 2.52 17.17 13% 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 12/20/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Mongolia Export Development Project (P147438) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/20/2019 Page 6 of 6