Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) Honduras Rural Competitiveness Project (P101209) LATIN AMERICA AND CARIBBEAN | Honduras | Agriculture Global Practice | IBRD/IDA | Investment Project Financing | FY 2008 | Seq No: 22 | ARCHIVED on 30-Mar-2018 | ISR31869 | Implementing Agencies: Republica de Honduras -, Secretaria de Agricultura y Ganaderia, Honduran Strategic Investment Office (InvEst-H) Key Dates Key Project Dates Bank Approval Date:17-Jun-2008 Effectiveness Date:28-May-2010 Planned Mid Term Review Date:04-Feb-2013 Actual Mid-Term Review Date:04-Feb-2013 Original Closing Date:30-Nov-2015 Revised Closing Date:30-Nov-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective of COMRURAL is to contribute to increased productivity and competitiveness among organized rural small- scale producers through their participation in productive alliances. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured)PHRPDODEL The revised PDO is (a) to contribute to increased productivity and competitiveness among organized rural small-scale producers through their participation in productive alliances and (b) to enable the Government to respond promptly and effectively to an eligible emergency. Components Name Support for Productive Alliances:(Cost $11.60 M) Productive Investments:(Cost $52.18 M) Project Coordination, Monitoring and Evaluation:(Cost $5.60 M) IRM Contingency Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory 3/30/2018 Page 1 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions COMRURAL continues to show a strong performance. As of today, COMRURAL has fully achieved its original PDO and exceeded all its key targets . For example, during implementation, the gross sales of participating RPOs have increased by 23% on average (target 10%), the land productivity has increased by 24% (target of 10%), and 99% of participating RPOs have no loans in arrears (target 95%). RPOs have outstanding financial records: most loan repayments are on schedule with 0.4 percent of arrears, which is significantly lower than the 3.8 percent of arrears in the overall Honduran financial sector. In total, COMRURAL directly benefitted around 7,200 small-scale rural producers organized into 123 RPOs through implementation of 89 business plans. Given successful outcome of COMRURAL, the Government of Honduras requested an Additional Financing (AF) to scale up and expand project activities to achieve long-term development impacts. On May 18, 2017, Bank's Board of Directors approved the AF in the amount of US$25 million. The AF (IDA Credit No. 6046-HN) will benefit approximately 5,500 additional rural households, largely indigenous people and minorities, by financing an estimated 70 new business plans to support new productive alliances. The Financing Agreement of AF was signed in November 14, 2017, and is expected to be declared effective before May 14, 2018. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Substantial  Substantial Environment and Social  --  Moderate  Moderate Stakeholders  --  Moderate  Moderate Other  --  Moderate  Moderate Overall  --  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Percentage increase in the value of gross sales of the rural producer organizations based on implementation of the business plan. (Percentage, Custom) 3/30/2018 Page 2 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 23.00 23.00 10.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDPDOTBL  Percentage of rural producer organizations that are working under an alliance approach 24 mos after first disbursement (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 80.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDPDOTBL  Percentage increase in land and labor productivity by rural producers participating in the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 24.00 24.00 20.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDPDOTBL  Percentage of rural producer organizations without a loan in arrears (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 99.00 99.00 95.00 Date 31-Dec-2016 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDPDOTBL  Time taken to disburse funds requested by the Government for an eligible emergency (Weeks, Custom) 3/30/2018 Page 3 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 31-Dec-2016 03-Aug-2017 29-Dec-2017 30-Sep-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL  Number of productive alliances under implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 123.00 123.00 200.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7,200.00 7,200.00 13,030.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 28.00 28.00 25.00 3/30/2018 Page 4 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) PHINDIRITBL  Number of rural producer organizations have produced a profile that is approved to become a business plan. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 159.00 159.00 250.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Number of technical service providers are approved to provide support to rural producer organizations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 51.00 51.00 55.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Percentage of investments identified in the business plans are completed on schedule (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 70.00 71.00 80.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Percentage of business plans financed by the project are implemented using good environmental practices (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 83.40 83.40 70.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 3/30/2018 Page 5 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) PHINDIRITBL  Percentage of business plans in the project successfully implement measures that target the youth and indigenous communities,when applicable, as identified in the business plan. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 80.00 90.00 70.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Targeted clients satisfied with agricultural services (percentage) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 72.00 74.00 80.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Targeted clients satisfied with agricultural services - male (number) (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3,893.00 3,893.00 7,818.00 PHINDIRITBL  Targeted clients satisfied with agricultural services - female (number) (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,607.00 1,607.00 2,606.00 3/30/2018 Page 6 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) PHINDIRITBL  Targeted clients- male (number) (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5,184.00 5,184.00 9,772.00 PHINDIRITBL  Targeted clients – female (number) (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2,016.00 2,016.00 3,258.00 PHINDIRITBL  Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 13,921,845.00 13,921,845.00 28,089,000.00 Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  MIS fully functional and producing all required products (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 3/30/2018 Page 7 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) PHINDIRITBL  Satisfactory financial audits (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 30-Jul-2008 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  IRM established and ready to provide access to financial resources to Honduras in case of an eligible emergency (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N Y Y Date 31-Dec-2016 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  National competitive policy designed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Dec-2016 03-Aug-2017 29-Dec-2017 30-Sep-2020 PHINDIRITBL  Establishment of a market intelligence unit (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Dec-2016 03-Aug-2017 29-Dec-2017 30-Sep-2020 Overall Comments 3/30/2018 Page 8 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P101209 IDA-44650 Effective USD 30.00 22.95 7.05 20.67 0.24 99% Not P101209 IDA-60460 USD 25.00 25.00 0.00 0.00 25.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P101209 IDA-44650 Effective 17-Jun-2008 17-Sep-2008 28-May-2010 30-Nov-2015 31-Dec-2018 Not P101209 IDA-60460 18-May-2017 14-Nov-2017 -- 30-Nov-2020 30-Nov-2020 Effective Cumulative Disbursements Restructuring History Level Approved on 01-Feb-2012 ,Level 2 Approved on 19-Nov-2015 ,Level 2 Approved on 15-Nov-2016 ,Level 2 Approved on 11-Sep-2017 3/30/2018 Page 9 of 10 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Honduras Rural Competitiveness Project (P101209) Related Project(s) P158086-Additional Financing for Rural Competitiveness Project (COMRURAL) 3/30/2018 Page 10 of 10 Public Disclosure Copy