Public Disclosure Copy The World Bank Implementation Status & Results Report Albania FSA - SECO Trust Fund for Strengthening Supervisory Capacities (P153211) Albania FSA - SECO Trust Fund for Strengthening Supervisory Capacities (P153211) EUROPE AND CENTRAL ASIA | Albania | Finance, Competitiveness and Innovation Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2015 | Seq No: 3 | ARCHIVED on 02-Aug-2018 | ISR33598 | Implementing Agencies: Albania, Albania Key Dates Key Project Dates Bank Approval Date:21-Jan-2015 Effectiveness Date:11-Nov-2015 Original Closing Date:30-Jun-2017 Revised Closing Date:31-Mar-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document)

The development objective of the project is to support AFSA in strengthening its capacities to regulate and supervise the Investment Funds sector and the issuance of Corporate & Municipal Bonds.

Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Implementation Status and Key Decisions Project implementation has been progressing satisfactorily. The first technical assistance (TA) contract on assessment of the investment funds sector and AFSA institutional capacities has been completed successfully. The second contract on improving the regulatory and supervision framework and the third contract on capacity building are mid-way towards completion. A number of reforms have already been implemented by AFSA, while work on the laws and capacity building activities require continued attention from all parties involved to allow for completion within the envisaged timeline. 8/2/2018 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Albania FSA - SECO Trust Fund for Strengthening Supervisory Capacities (P153211) 8/2/2018 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Albania FSA - SECO Trust Fund for Strengthening Supervisory Capacities (P153211) Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL AFSA is better able to support development of the corporate & municipal bonds market through improved regulatory framework. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No In progress In progress Yes Date 16-Jun-2016 17-May-2017 25-Jul-2018 31-Mar-2019 PHINDPDOTBL Professional and human resources of AFSA to supervise capital market activities are strengthened through on-site and off-site capacity building activities. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No In progress In progress Yes Date 16-Jun-2016 17-May-2017 25-Jul-2018 31-Mar-2019 8/2/2018 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Albania FSA - SECO Trust Fund for Strengthening Supervisory Capacities (P153211) Overall Comments Intermediate Results Indicators PHINDIRITBL AFSA is equipped with a comprehensive supervision methodology and practices for investment funds as well as related operational manuals and tools. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No In progress In progress Yes Date 16-Jun-2016 17-May-2017 17-May-2017 31-Mar-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P153211 TF-18931 Effective USD 1.58 1.58 0.00 1.27 0.32 80% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P153211 TF-18931 Effective 21-Jan-2015 02-Oct-2015 11-Nov-2015 30-Jun-2017 31-Mar-2019 Cumulative Disbursements 8/2/2018 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Albania FSA - SECO Trust Fund for Strengthening Supervisory Capacities (P153211) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 8/2/2018 Page 5 of 5 Public Disclosure Copy