The World Bank Report No: ISR16362 Implementation Status & Results Haiti Haiti Business Development and Investment Project (P123974) Public Disclosure Copy Operation Name: Haiti Business Development and Investment Project Project Stage: Implementation Seq.No: 3 Status: ARCHIVED Archive Date: 31-Oct-2014 (P123974) Country: Haiti Approval FY: 2013 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Ministry of Commerce and Industry, Ministry of Economy and Finance Key Dates Board Approval Date 21-May-2013 Original Closing Date 31-May-2018 Planned Mid Term Review Date 31-Oct-2015 Last Archived ISR Date 06-Apr-2014 Effectiveness Date 11-Nov-2013 Revised Closing Date 31-May-2018 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to assist the Recipient in: (a) improving the conditions for private sector investment and inclusive growth; and (b) improving its capacity to respond promptly and effectively to an Eligible Emergency. This will be done at the national level by supporting the Republic of Haiti to improve, inter alia, the regulatory frameworks that govern business activities, related procedures, and the capacity of implementing institutions. To facilitate private sector investment, GoH will update the IEZ law and build capacity in its implementing agency, while preparatory work will assess the feasibility of at least one IEZ. Business Development Services (BDS) will support MSMEs through technical assistance and matching grants to such firms operating in and around IEZs, as well as serving the tourism sector, as part of a strategy to promote a more inclusive model of economic growth. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component 1 - Business Environment and Investment Generation 10.00 Public Disclosure Copy Component 2 - Business Development Services for MSMEs 7.00 Component 3 – Project Management, Evaluation and Monitoring 2.50 Component 4 – Immediate Response Mechanism 0.50 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating High High Page 1 of 5 The World Bank Report No: ISR16362 Implementation Status Overview The Project was approved by the Board of the International Development Association on May 21, 2013. The Financing agreement was signed on June 14, 2013. The Project became effective on November 11, 2013. Public Disclosure Copy Locations Country First Administrative Division Location Planned Actual Haiti Sud-Est Sud-Est ✔ Haiti Sud Sud ✔ Haiti Ouest Departement de l'Ouest ✔ Haiti Nord-Ouest Nord-Ouest ✔ Haiti Nord-Est Département du Nord-Est ✔ Haiti Nord Département du Nord ✔ Haiti GrandʼAnse Département de la Grand’Anse ✔ Haiti Centre Centre ✔ Haiti Artibonite Departement de l'Artibonite ✔ Haiti Nippes Departement de Nippes ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Value of loans secured with movable assets Amount(USD) Value 0.00 0.00 10000000.00 Date 25-Apr-2013 31-Dec-2013 31-May-2018 Public Disclosure Copy Comments Baseline data not available. Will measure the increase in loans covered per year, from 0 in Year 1. Number of MSMEs benefitting from moveable Number Value 0.00 0.00 500.00 collateral to secure loans Date 25-Apr-2013 31-Dec-2013 31-May-2018 Comments baseline: N/A Number of reforms measured by the Doing Number Value 0.00 0.00 5.00 Business Report Date 25-Apr-2013 31-Dec-2013 31-May-2018 Page 2 of 5 The World Bank Report No: ISR16362 Comments baseline: 105 days / 13 procedures Specific reduction of regulatory time/cost to Number Value 0.00 6.00 Public Disclosure Copy operate a business Date Comments No baseline Additional investment facilitated by the Project Number Value 0.00 4.00 Date Comments Number of jobs Number Value 0.00 1008.00 Date Comments Additional jobs in MSMEs supported by the Number Value 0.00 Project Date Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Business environment action plan (process Text Value Not existent 1-2 reforms completed indicator) Date 25-Apr-2013 31-Dec-2013 31-May-2018 Comments Revision of secured transactions law, Text Value Not existent Registry in operation establishment of collateral registry Date 25-Apr-2013 31-Dec-2013 31-May-2018 Comments Competition framework (process indicator) Text Value Not existent Draft laws/amendments submitted to Parliament Date 25-Apr-2013 31-Dec-2013 31-May-2018 Comments Public Disclosure Copy IEZ legal framework (process indicator) Text Value Diverse regimes (Free zones, Action plan for IEZ regulatory industrial parks) and and institutional framework institutions (DZF, SONAPI) implemented Date Comments Page 3 of 5 The World Bank Report No: ISR16362 IEZ Feasibility study Text Value Not existent Study finalized, decision on next steps taken by authorities Public Disclosure Copy Date Comments Creation of a one-stop shop for investors Text Value Not existent One stop shop implemented Date Comments Percentage of selected Municipalities with Percentage Value 0.00 100.00 needs assessment of MSMEs Date Comments Cumulative percentage of selected firms Percentage Value 0.00 100.00 receiving targeted training Date Comments Cumulative number of firms receiving matching Number Value grants Date Comments Data on Financial Performance (as of 27-May-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P123974 IDA-H8650 Effective 21-May-2013 14-Jun-2013 11-Nov-2013 31-May-2018 31-May-2018 P123974 IDA-Q8240 Effective 24-Jul-2012 24-Jul-2012 24-Jul-2012 31-Jul-2013 31-Jul-2013 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P123974 IDA-H8650 Effective XDR 13.40 13.40 0.00 1.54 11.86 11.00 Public Disclosure Copy P123974 IDA-Q8240 Effective USD 1.70 1.70 0.00 0.43 1.27 25.00 Disbursement Graph Page 4 of 5 The World Bank Report No: ISR16362 Public Disclosure Copy Key Decisions Regarding Implementation None. Restructuring History Level 2 CD Decision on 12-Sep-2013 Related Projects There are no related projects. Public Disclosure Copy Page 5 of 5