The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Competitiveness and Sector Diversification (P166187) LATIN AMERICA AND CARIBBEAN | Suriname | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2020 | Seq No: 1 | ARCHIVED on 10-Oct-2019 | ISR38851 | Implementing Agencies: Republic of Suriname, Ministry of Trade, Industry & Tourism, Ministry of Natural Resources Key Dates Key Project Dates Bank Approval Date: 09-Jul-2019 Effectiveness Date: -- Planned Mid Term Review Date: 27-Jul-2022 Actual Mid-Term Review Date: Original Closing Date: 13-Jun-2025 Revised Closing Date: 13-Jun-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to support sector governance improvements and increase competitiveness in targeted industries in Suriname. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Strengthening the mining sector governance, transparency, accountability, and administration:(Cost $6.00 M) Investment in SMEs and value chains in targeted emerging industries:(Cost $14.50 M) Project management and evaluation:(Cost $2.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- ►Satisfactory Overall Implementation Progress (IP) -- ►Satisfactory Overall Risk Rating -- ►Substantial Implementation Status and Key Decisions The Project is signed and has received a "No Objection" from the World Bank for its project operations manual (POM) - which is one of the two effectiveness conditions. Following the legal opinion from the Government of Suriname the project will shortly be effective and fully operational. 10/10/2019 Page 1 of 7 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance ►Substantial -- ►Substantial Macroeconomic ►Substantial -- ►Substantial Sector Strategies and Policies ►Substantial -- ►Substantial Technical Design of Project or Program ►Substantial -- ►Substantial Institutional Capacity for Implementation and Sustainability ►High -- ►High Fiduciary ►Substantial -- ►Substantial Environment and Social ►Substantial -- ►Substantial Stakeholders ►Substantial -- ►Substantial Other -- -- -- Overall ►Substantial -- ►Substantial Results PDO Indicators by Objectives / Outcomes Enhanced sector governance in mining IN00752726 ►Percentage of mining concessions subject to formal inspections following good international practices (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 15-May-2019 -- 08-Oct-2019 30-Sep-2025 Measures percentage of formal mining concessions subject to inspections by relevant government institutions, following good international practices. The specific number of total concessions granted that will be used to calculate the percentage Comments: will be the sum of exploitation and exploration concessions for gold and other minerals, and will be established during project implementation in the project M&E plan. More competitive SMEs and value chains in targeted emerging industries IN00752727 ►Increase in revenue of SMEs benefitting from project support (Percentage, Custom) 10/10/2019 Page 2 of 7 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 15.00 Date 15-May-2019 -- 08-Oct-2019 30-Sep-2025 This indicator will measure the increase in sales of SMEs supported by the project. This increase will be measured relative to a baseline, either to the previous sales of the beneficiary SMEs, or to a comparator group such as a sample of non- Comments: beneficiary SMEs, depending on quality of comparator data that can be generated considering the relatively limited availability of data on the private sector. The component expects to support a 15% increase in gross sales for SMEs supported by the end of the project. IN00752729 ►Increase in revenue of SMEs benefitting from project support that are women-owned or that employ a majority of female workers (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 15.00 Improved enabling environment for sector development and competitiveness IN00752728 ►Number of regulatory or policy reforms adopted to strengthen governance and competitiveness in targeted industries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 14.00 Date 15-May-2019 -- 08-Oct-2019 30-Sep-2025 Number of legal, regulatory, policy, or procedural actions implemented by the Government benefitting from or informed by project support that improve the enabling environment and governance for private sector development. This PDO indicator Comments: will be a composite of intermediate results indicators tracking reforms supported at the component level, including those directly measured by component intermediate results indicators and other reforms informed by the project. Overall Comments PDO The Project is not yet effective so no results can be reported Intermediate Results Indicators by Components Strengthening the mining sector governance, transparency, accountability, and administration IN00752730 ►Standard operating procedures and associated documentation of key mining functions within the Minerals Institute produced (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 7.00 10/10/2019 Page 3 of 7 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Date 29-Mar-2019 -- 08-Oct-2019 30-Sep-2025 Development of standard procedures with clear documentation of how these should be used in key mining functions within Comments: the Minerals Institute IN00752732 ►Number of government staff trained to manage, regulate, and monitor the mining sector (disaggregated by gender and function) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 35.00 Date 29-Mar-2019 -- 08-Oct-2019 30-Sep-2025 Measures the cumulative number of staff identified through a skills gap analysis and provided with training. Staff will come Comments: from MNR, MOF, and the newly established Minerals Institute. Training provided will be disaggregated by gender and by function, considering policy, regulation, planning, and revenue functions. IN00752734 ►Establishment of a system for transparent assessment and collection of revenues from the mining sector (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 15-May-2019 -- 08-Oct-2019 29-Mar-2025 Development of a management information system linking all MNR departments, the new Minerals Institute, and MOF for Comments: regulatory effectiveness and efficiency. The end target is a revenue system for assessment and collection fully established and operational. IN00752736 ►Number of mining concessions monitored and inspected by the Mines Inspectorate Department in collaboration with other relevant agencies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 25.00 Date 29-Mar-2019 -- 08-Oct-2019 30-Sep-2025 Measures the number of annual inspections conducted of formal mining concessions to ensure compliance with laws and Comments: regulations. Investment in SMEs and value chains in targeted emerging industries IN00752731 ►Number of SMEs benefitting from capacity upgrading support (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 160.00 Date 29-Mar-2019 -- 08-Oct-2019 29-Mar-2025 The number of SMEs that receive business development services and technical assistance from the SURGE fund under Comments: Component 2a. IN00752733 ►Of which women-owned (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 10/10/2019 Page 4 of 7 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Value 0.00 -- 0.00 64.00 IN00752735 ►Number of SMEs receiving matching grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 150.00 Date 29-Mar-2019 -- 08-Oct-2019 29-Mar-2025 The number of growth firms that receive matching grant support at the individual or group level through the SURGE Comments: program under Component 2a. IN00752737 ►Of which women-owned (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 60.00 IN00752738 ►Volume of private co-investment in competitive upgrading (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,500,000.00 Date 29-Mar-2019 -- 08-Oct-2019 29-Mar-2025 This indicator tracks the counterpart contributions provided by matching grant beneficiaries of the matching grant to co- Comments: invest in productivity upgrading. IN00752739 ►Number of recommended business environment regulations, codes, policies, or procedures adopted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 15-May-2019 -- 08-Oct-2019 30-Sep-2025 Measures the number of regulatory reforms or policy or procedural changes implemented informed by support from the Comments: project under Component 2b related to tourism, agribusiness, and the investment climate. IN00752740 ►Beneficiaries satisfied with quality of services provided under Component 2 (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 85.00 Date 29-Mar-2019 -- 08-Oct-2019 29-Mar-2025 Satisfaction amongst direct beneficiaries of the SURGE business development and matching grant services under Comments: Component 2 based on a beneficiary survey. This indicator will provide beneficiary feedback and enable citizen engagement in the implementation of the SCSD project. Overall Comments IR 10/10/2019 Page 5 of 7 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) The project is not yet effective. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P166187 IBRD-89850 USD 23.00 23.00 0.00 0.00 23.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P166187 IBRD-89850 09-Jul-2019 -- -- 13-Jun-2025 13-Jun-2025 Effective Cumulative Disbursements 10/10/2019 Page 6 of 7 The World Bank Implementation Status & Results Report Competitiveness and Sector Diversification (P166187) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/10/2019 Page 7 of 7