The World Bank Report No: ISR7805 Implementation Status & Results Morocco MA MSME Development Project (P129326) Public Disclosure Copy Operation Name: MA MSME Development Project (P129326) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 18-Aug-2012 Country: Morocco Approval FY: 2012 Product Line: IBRD/IDA Region: MIDDLE EAST AND NORTH AFRICA Lending Instrument: Adaptable Program Loan Implementing Agency(ies): Caisse Centrale de Garantie Key Dates Board Approval Date 28-Jun-2012 Original Closing Date 31-Dec-2017 Planned Mid Term Review Date 31-Mar-2015 Last Archived ISR Date Effectiveness Date Revised Closing Date 31-Dec-2017 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) To improve access to finance for MSMEs in Morocco Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Support the provision of Partial Credit Guarantees 49.87 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Public Disclosure Copy Overall Risk Rating Implementation Status Overview The project was approved by the Regional Vice President on June 8, 2012 and endorsed by the WB's Board of Executive Directors on June 28, 2012. Signing of the legal agreements took place on July 27, 2012 in Rabat. One effectiveness condition has already been met: The CCG (Project Implementing Entity) has established the Environmental and Social Screening Unit, which has been trained and is operational. We are currently awaiting the Borrower to satisfy the remaining conditions of effectiveness, which are expected by October 2012. Locations No Location data has been entered Page 1 of 3 The World Bank Report No: ISR7805 Results Project Development Objective Indicators Public Disclosure Copy Indicator Name Core Unit of Measure Baseline Current End Target Increase in total no of MSME loans of PFIs Percentage Value 0.00 10.00 Date 01-Aug-2012 31-Jan-2018 Comments Increase in the total volume of outstanding Percentage Value 0.00 20.00 MSME portfolio of PFIs. ($ million) Date 01-Aug-2012 31-Jan-2018 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase in nr of MSME accounts covered by Percentage Value 0.00 10.00 guarantees Date 01-Aug-2012 31-Jan-2018 Comments Increase in volume of MSME portfolio covered Percentage Value 0.00 20.00 by guarantees ($ million) Date 01-Aug-2012 31-Jan-2018 Comments Data on Financial Performance (as of 29-Jun-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P129326 IBRD-81820 Not Effective 28-Jun-2012 31-Dec-2017 31-Dec-2017 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Public Disclosure Copy P129326 IBRD-81820 Not Effective USD 50.00 50.00 0.00 0.00 50.00 0.00 Disbursement Graph Page 2 of 3 The World Bank Report No: ISR7805 Public Disclosure Copy Key Decisions Regarding Implementation Document can be disclosed Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3