Document of the International Development Association Acting as Administrator of the Interim Trust Fund FOR OFFICIAL USE ONLY Report No. P-7052-SE MEMORANDUM AND RECOMMENDATION OF THE MANAGING DIRECTOR TO THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION ON A PROPOSED INTERIM FUND CREDIT IN AN AMOUNT OF SDR 4.9 MILLION TO THE REPUBLIC OF SENEGAL FOR AN URBAN TRANSPORT REFORM AND CAPACITY BUILDING (TECHNICAL ASSISTANCE) PROJECT May 7, 1997 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (as of April 1, 1997) Currency Unit = CFA Franc (CFAF) US$1 = CFAF 570 CFAF 1 million US$ 1,754.39 SDR 1 = US$ 1.38 SDR I = CFA Franc 785.22 Weights and Measures Metric System Acronyms AGETIP Agence pour l'Ex&ution de Travaux d'Intjrt Public contre le Sous-Emploi CAS Country Assistance Strategy CETUD Conseil Ex,cutif des Transports Urbains de Dakar CFD Caisse Frangaise de Diveloppement CUD Communauti Urbaine de Dakar DTT Direction des Transports Terrestres du Senegal DTP Direction des Travaux Publics du Senegal EU European Union FAC French Cooperation Fund/Fonds d' aide et de coop6ration FDTU Urban Transport Development Fund/Fonds de Diveloppement des Transports Urbains FY Fiscal Year GDP Gross Domestic Product GOS Government of Senegal IBRD International Bank for Reconstruction and Development ICB International Competitive Bidding IDA International Development Association IMF International Monetary MEFP Ministry of Economy, Finance and Plan MELT Ministry of Equipment and Land Transport NBF Non-Bank Financed NCB National Competitive Bidding PE Public Enterprise PTB Petit Train Bleu SOGECA Socigtj Gnrale de Cridit a I'Automombile SOTRAC Socidt des Transports en Commun du Cap Vert SSATP Sub-Saharan Africa Transport Policy Program SAL Structural Adjustment Loan TSAIP Transport Sector Adjustment Investment Program TSP Transport Sector Project FISCAL YEAR July I - June 30 Vice President: Jean-Louis Sarbib, AFR Country Director: Mahmood A. Ayub, AFCl4 Technical Manager: Max Pulgar-Vidal, AFTU2 Task Team Leader: Patrick Bultynck, AFTU2 FOR OFFICIAL USE ONLY REPUBLIC OF SENEGAL URBAN TRANSPORT REFORM AND CAPACITY BUILDING (TECHNICAL ASSISTANCE) PROJECT CREDIT AND PROJECT SUMMARY Borrower: Republic of Senegal Supervisory Ministry: Ministry of Equipment and Land Transport Implementing Agency: Conseil Ex&utifdes Transports Urbains de Dakar (CETUD) Beneficiary: Not applicable Poverty: a) Execution of pilot operations in civil works, using labor-based methods; and b) Extended provision of public transport services. Amount: SDR 4.9 million (US$ 6.6 million equivalent) Terms: Standard IDA terms with a maturity of 40 years including a ten-year grace period Commitment Fee: Standard Onlending Terms: Not applicable Financing Plan: US$ million IDA 6.6 GOS 2.1 Total 8.7 Rate of Return: Not Applicable Staff Appraisal Report: None Map: IBRD 28468 Project Identification No.: 44383 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  MEMORANDUM AND RECOMMENDATION OF THE MANAGING DIRECTOR TO THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION (THE ASSOCIATION ACTING AS ADMINISTRATOR OF THE INTERIM TRUST FUND) ON A PROPOSED INTERIM FUND CREDIT TO THE REPUBLIC OF SENEGAL FOR AN URBAN TRANSPORT REFORM AND CAPACITY BUILDING (TECHNICAL ASSISTANCE) PROJECT 1. I submit for your approval the following memorandum and recommendation on a proposed Interim Fund Credit to the Republic of Senegal for SDR 4.9 million, the equivalent of US$ 6.6 million. The proposed credit would be on standard IDA terms with a maturity of 40 years, including a ten-year grace period to help finance an urban transport reform and capacity building (technical assistance) project. Country Background 2. Senegal is a Sahelian country with limited natural resources and a population of 8.3 million in 1995. Social indicators, such as life expectancy, primary school enrollment rate and infant mortality are at the lower end of the range recorded in sub-Saharan Africa. Per capita GDP, which was estimated at US$ 610 in 1994, places Senegal at the level of middle-income countries. 3. Senegal's economic performance during its first 30 years of independence (1960-1991) has been disappointing. Population grew at 3 percent per annum, while GDP grew at only 2.5 percent. Senegal's agricultural base has been steadily deteriorating because of poor weather conditions and resource management. Industrial production grew at 4.5 percent per annum between 1960 and 1985, and at 4.1 percent between 1986 and 1991. Export performance during this period compared unfavorably with most other West African countries and averaged only 2.4 percent growth per annum. 4. In an attempt to reverse this economic deterioration, the Government adopted a series of adjustment measures, including cuts in public sector wages and the devaluation of the CFA Franc by 50 percent in January 1994, and started to implement a medium-term strategy for the development of the private sector. As a result, real GDP is estimated to have grown by 4.8 percent in 1995 and about 5.2 percent in 1996, led in part by exports of fish, groundnut products and phosphate, and expansion of tourism. In the non-tradables sector, however, a number of parastatals suffered, including the Senegalese Railways, Air Senegal and Socidtd des Transports en commun du Cap Vert (SOTRAC), the bus company. The increased cost of imported fuel and a decrease in the number of passengers carried led to a decrease in net revenues, that impacted both the public and private sector operators. 5. Urban Transport Sector Background and Issues. The urban population in Senegal has steadily increased from 30 percent of the total population in 1970 to an estimated 42 percent in 1994, and is projected to increase to 45 percent by the year 2000. Overall, the national urban population is currently growing at an average rate of 3.7 percent. Most of the urban population is concentrated in these regions in the west of the country: Dakar, Thi&s and Kaolack. The population of the metropolitan area of Dakar (nearly two million inhabitants in 1994) where a substantial proportion of Senegal's economic activities is concentrated (86 percent of its industries and 92 percent of the financial services) 1994) has a yearly growth rate of 5 percent. 6. The metropolitan area of Dakar consists of three major poles stretched along 30 kilometers of the Cap Vert peninsula. These poles include the city of Dakar itself, where 63 percent of the jobs are located, and two "bedroom" communities of Pikine-Gu6diawaye and Rufisque. As a result, there is a 2 massive daily traffic of commuters. About two million daily trips occur in Dakar, half of them involving motorized transport vehicles. 7. The urban transport sector accounts for seven percent of Senegal's GDP and generates about 32,000 jobs in Dakar with an estimated 30,000 jobs provided through the privately owned vehicles and taxi services. Public transport also plays a major role in the urban economy by facilitating access to places of employment and the market. In Dakar, 74 percent of the home-work trips are motorized due to the long distance to be covered. Within the motorized transport mode, 70 percent are made using public transport services, which is one of the highest percentages in sub-Saharan Africa. These public transport services are provided by the private sector (the Cars Rapides--small owner/operators-- consisting of a fleet of about 2,000 18-25 seater buses), a parastatal bus company (SOTRAC, with a fleet of 200 buses), the Senegalese Railways, Petit Train Bleu (the PTB), and taxis (registered and unregistered). SOTRAC, created in 1971, is a 65-percent state-owned company, with foreign partners owing the remainder 35 percent. SOTRAC's market's share (61 percent) is made up largely of civil servants and students riding on reduced fare or riding free. Management performance is weak, and the company is a burden on the public budget (US$20 million over a three-year period). Successive performance contracts "contrats-plans" between the State and SOTRAC, aimed at improving SOTRAC's efficiency, have not met their objectives. 8. Urban Transport Reforms. The urban transport sector which has played a significant role in the urban, economic and social development of Senegal, is now facing a major crisis, particular in Dakar under the combined effects of: (a) diffused responsibilities (planning and regulation in the urban transport sector ministries with poor technical expertise); (b) weak financial and managerial capacities; (c) an ineffective regulatory framework; (d) rapid urban population growth; (e) lack of intermodal coordination; and (f) traffic congestion. As a result, commuter rides take longer and are more hazardous. In addition, due to the lack of pedestrians facilities, weak law enforcement and insufficient road safety measures, the number of traffic accidents involving pedestrians has increased significantly during the last decade. 9. To find sustainable solutions, the Government of Senegal (GOS) has made a major effort to design reforms in the urban transport sector with broad participation of various stakeholders. This effort was undertaken under the leadership of an ad-hoc Committee (the "Comiti de Suivi des Transports Urbains") set up under the auspices of the Ministry of Equipment and Land Transport in May 1993 and with support from the World Bank through the sub-saharan Africa Transport Policy Program (SSATP). A draft Urban Transport Policy was issued by the Comitd de Suivi in July 1995 and debated during a national policy seminar in September 1995 at which most stakeholders and donors participated. 10. Based on the recommendations of this seminar and further sector dialogue in September 1996, the GOS issued a Letter of Urban Transport Sector Policy, defining its strategy for the sector. This strategy is based on a comprehensive approach covering the institutional, regulatory, financial, managerial and social aspects of the urban transport crisis. The fundamental objective of the reform is to rehabilitate the urban transport sector in Senegal with a view to bringing about a sustainable improvement of its efficiency. This objective is consistent with the State's overall policy, defined by the Ninth Guidance Plan for Economic and Social Development (1996-2001) and which includes among other aims: "making the regulatory framework better suited for promoting healthy competition among the different parties and favorable to increased investments"; "developing private enterprises and stimulating the changes in the field of self-organization"; and "improving the quality of State actions in the provision of services and basic infrastructure". The government (GOS) has requested the Bank's assistance to implement these reforms. 3 11. Lessons learned from previous IDA involvement. IDA has been involved in the transport and urban sectors in Senegal since 1966 with 19 completed projects in the area of roads, railways, ports, civil aviation and infrastructure. These completed projects and the ongoing transport structural/adjustment project (Cr. 2266-SE) has made important contributions to the operational and financial performance of the railways and port subsectors. The ongoing third urban project, Municipal and Housing Development Project (Cr. 1884-SE) has partially addressed Dakar's transport infrastructure needs through the construction of a new intermodal station ("Ilot Peterson") and a traffic management action plan, both in Dakar City that is complemented by AGETIP's activities in roads projects in Dakar, which has been carried out mainly by the private sector. Previous experience with transport projects as well as urban projects in Senegal hold the following useful lessons: (i) essential to success of any sector development is the need to strengthen institutional and regulatory expertise; (ii) stakeholders' participation is essential to ensure ownership of the project; (iii) sustainable provision of domestic funding is essential to ensure long-term investment in the urban transport sector; and (iv) there is a need for increased private sector participation. These lessons have been incorporated in the project design through sustained dialogue between IDA, GOS, officials of the local authorities, urban transport operators and donors involved in the sector. 12. Project Objective. The main objective of the operation is to assist in the provision of more affordable, reliable and safer public transport services in the metropolitan area of Dakar. This objective will be pursued through: (i) the strengthening of the institutional and regulatory framework and the development of an institutional coordination gathering the national ministries, the local government, the operators and the sector industry; (ii) the privatization of the public transport company, the SOTRAC; (iii) the stakeholders' involvement in the decision-making and financing of the sector; (iv) the development of road safety action plans and traffic management measures; and (v) pilot investments targeted on the promotion of public transport services. 13. Project Description. The project itself includes two main components: (1) Institutional development (US$ 4.1 million) through consultant's services and short- term technical assistance, training and awareness campaign for (i) the establishment and management of a coordinating body, the Conseil Exicutif des Transports Urbains de Dakar (CETUD) which will gather the main actors of the sector; (ii) the privatization of SOTRAC, including the assistance to the development of a leasing scheme for the urban transport operators and the revision of the regulatory framework for the provision of urban transport services; (iii) the establishment of a sustainable financing mechanism for the sector through a Fonds de Diveloppement des Transports Urbains (FDTU), contributions of which will come from the national and local budget as well as from the sector's contributions; and (iv) the implementation of a traffic management scheme and a road safety action plan with users participation. (2) Minor civil works (US$ 2.5 million) such as rehabilitation of bus stops, bus lane arrangements, fitting of encroachments, and intermodal slots. These pilot investments will be carried out by using labor-based method. 14. Project Sustainability. The project contains policy and institutional components which are designed to ensure sustainability of the sector development and investments. Project sustainability would be ensured through (a) the establishment of CETUD which will include the main actors of the sector and will be an effective tool to regulate and coordinate urban transport services and (b) the 4 establishment of the FDTU which will provide a sustainable financing mechanism for the development of the urban sector. 15. Project Costs and Financing. The total project cost including physical price contingencies is estimated at US$ 8.7 million with a foreign exchange component of US$ 2.7 million or 31 percent of total costs. IDA would provide a credit of US$ 6.6 million. The contribution from the Government of Senegal would be US$ 2.1 million, and would mainly finance the FDTU for three years. The Government would also bear the cost of taxes and duties levied on consulting services and goods, estimated at US$ 3 million. The Caisse FranVaise de Diveloppement (CFD) has expressed its intention to finance the purchase of second-hand buses through a leasing scheme for the Cars Rapides as well as investments in urban infrastructures. The total amount of the CFD financing would be US$ 12 million and would help the project's objectives. The European Union (EU) is also considering the financing of urban infrastructures targeted on public transport through the AGETIP. 16. Project Implementation. The Ministry of Equipment and Land Transport (MELT) will be the supervisory Ministry. The CETUD, under the technical tutelage of the MELT and the financial tutelage of the Ministry of Economy, Finance and Plan (MEFP) will act as the Implementing Agency. The establishment of the CETUD has been voted on February 24, 1997. In the technical arena, it will come under the supervision of the Ministry of Land Transport and in the financial arena under that of the Ministry of Finance. The CETUD Permanent Secretariat will be run on private sector management lines, subject to such budgetary checks and controls and audit requirements as may be prescribed by law or under the IDA Credit Agreement. The civil works component would be carried out by AGETIP or another qualified agency, under an agreement with the CETUD. The project will be implemented according to a Project Implementation Manual agreed at the time of credit negotiations and be finalized by credit effectiveness. The project would be implemented over a 36-month period. 17. Rationale for IDA involvement. The project is fully consistent with GOS's development objective as well as the Bank Group's Country Assistance Strategy discussed by the Board on February 16, 1995. By privatizing a public transport company and increasing the private provision of transport services, within a coordinated and regulated framework, the project would contribute to reduce the public role in the economy, reduce the burden on the fiscal budget as well as pursue economic and urban development in an environmentally sound way. More broadly, the proposed operation is consistent with the Bank's strategy in the transport sector, defined in February 1996 ("Sustainable Transport: Priorities for Policy Reform") stressing the need to reduce the role of the government as supplier of the transport sector, and to accentuate its role as facilitator of more market-oriented transport supply, within a participatory framework. Such an objective requires institutional reforms and reinforcement of the technical capacity of the government to perform these functions. IDA has played a lead role in aid-coordination and discussions leading to all reform actions taken or envisaged to be taken in the transport and urban sectors. IDA's presence will help mobilize the participation of other donors. 18. Condition for credit effectiveness would be: (a) the adoption of the Project Implementation Manual; (b) the appointment of the project's auditor; and (c) the first session of the CETUD General Assembly. 19. Environmental aspects. The project has a "C" environmental rating. Overall, it would have a beneficial impact on the environment. Traffic management investments and measures would help relieve congestion, resulting in lower emissions of pollutants per vehicle. The emphasis placed on 5 public transport is expected to maintain an efficient and sustained model of urban development in the metropolitan area of Dakar. 20. Program Objectives category. Private Sector Development. The project will promote sustained participation of the private sector in the provision of urban transport services, leading to increased efficiency and urban productivity. Capacity Building. The project will remedy the institutional fragmentation in the urban transport sector. Poverty alleviation. This objective will be pursued through (a) the extended provision of public transport services affecting mainly the urban poor, (b) the involvement of the informal sector (Cars Rapides) in the project because of the entrepreneurial and income generating possibilities that it offers to the poor, and (c) the execution of the pilot operation in civil works, using labor-based methods, which will promote the development of local small and medium size contractors. 21. Participatory approach. Ample participation has been achieved in project preparation by GOS and local authorities: the establishment of the Comiti de Suivi by the MELT in May 1993 has laid the foundation for a comprehensive sector dialogue within the framework of the SSATP. Within the Comite de Suivi, the informal sector (Cars Rapides) has been associated in the preparation of an Urban Transport Strategy document issued in June 1995. This strategy paper was debated during a national seminar organized in September 1995 under the theme of "Decide for the Urban Transport". The Letter of Sector Policy issued by the GOS in September 1996 largely rests on the conclusions and recommendations made by the Comiti de Suivi. This participatory approach will be pursued during project implementation through the sector participation in the CETUD. 22. Project Benefits. The proposed credit would have a major leverage impact in pushing the reform agenda for the critical urban transport sector, with benefits far outweighing the relatively small amount of financing sought. Through such leveraging, the project will also increase the efficiency, reliability and safety of urban public transport services in Dakar. It will improve the access of the urban poor to public transport services, reduce passenger transport costs and improve the performance and competitiveness of the urban economy. Specifically, benefits expected from the project are: (a) better sector management through strengthening capacity of local staff, the coordination among ministries, municipal agencies and the transport industry within the CETUD; (b) substantial reduction of the fiscal burden of the sector --without the privatization of SOTRAC, the level of state intervention in the enterprise, based on the latest contrat-plan, is estimated to be at US$20 million for the next three years; (c) reduction in urban transport costs, travel time, traffic congestion and accidents through traffic management measures resulting in an overall increase in the performance of the urban economy; (d) extended access to the urban transport services for the poor, improving their access to job and market opportunities; and (e) sustainable financing for the development of the urban transport services through the FDTU and contributions of the main actors in the sector. 23. Risks. The risks are: (a) delays in the privatization process of SOTRAC because of political or trade union's pressure. However, the donor-supported approach, developed within the SSATP, will permit investments in the urban transport sector only after successful reform implementation; this should convince the GOS to take actions to implement the reform according to the agreed timetable and mitigate the risk of postponement in the privatization; and (b) lack of private sector contribution to the FDTU. The project will help reinforce the consensus achieved among the actors on the advantage of such a contribution, without increasing the level of taxes. The participation in the decision-making of the CIETUD should convince the transport industry of the effectiveness of the FDTU and their contribution. 6 24. Recommendation. I am satisfied that the proposed Interim Fund Credit would comply with Resolution No. 184, adopted by the Board of Governors of the Association on June 26, 1996, establishing the Interim Trust Fund and I recommend that the President approve it. Gautam Kaji Managing Director Attachments Washington D.C. May 7, 1997 7 Schedule A Page 1 of I REPUBLIC OF SENEGAL URBAN TRANSPORT REFORM AND CAPACITY BUILDING (TECHNICAL ASSISTANCE) PROJECT ESTIMATED COSTS OF THE PROJECT AND FINANCING PLAN Estimated Project Costs* (US$ million equivalent) Project Elements Local Cost Foreign Cost Total Cost Foreign as % of Total 1. Civil Works 3.02 1.63 4.65 35 2. Goods 0.23 0.10 0.33 30 3. Consultant Services and Studies (a) Support to Institutional Development 0.25 0.11 0.36 30 (b) Institutional Development Studies 0.29 0.20 0.49 40 (c) Project Implementation 0.36 0.06 0.42 15 (d) Engineering Studies 0.25 0 0.25 0 Sub--total 1.15 0.37 1.52 24 4. Training and Seminars 0.41 0.11 0.52 20 5. Operating Costs 0.63 0.10 0.73 14 6. Reffnding of PPF 0.29 0.26 0.55 47 Base Costs 5.73 2.57 8.30 31 Physical Contingencies 0.15 0.03 0.18 Price Contingencies 0.09 0.09 0.18 TOTAL 5.97 2.70 8.67 31 Financing Plan* (US$ million equivalent) Sources Local Foreign Total IDA 4.62 1.95 6.57 Government 1.36 0.74 2.10 TOTAL 5.98 2.69 8.67 * Excluding taxes and duties 8 Schedule B Page 1 of2 REPUBLIC OF SENEGAL URBAN TRANSPORT REFORM AND CAPACITY BUILDING (TECHNICAL ASSISTANCE) PROJECT PROCUREMENT METHOD AND DISBURSEMENT A. Procurement Methods Summary of Proposed Procurement Methods (US$ million equivalent net of taxes and duties, including contingencies) Project Elements ICB NCB Other NBF Total 1. Civil Works 2.67 - 2.18 4.85 (2.34) 2. Goods and Equipment 0.32 0.03 - 0.35 (0.32) (0.03) (0.35) 3. Consultant Services and Studies (a) Support to Institutional - 0.38 - 0.38 Development (0.38) - (0.38) (b) Institutional Development Studies - 0.52 - 0.52 (0.52) (d) Project Implementation - 0.45 - 0.45 (0.45) (e) Engineering Studies - 0.27 - 0.27 (0.27) 4. Training and Seminars - 0.52 - 0.52 (0.52) 5. Operating Costs - 0.78 - 0.78 (0.70) 6. Refunding of PPF - 0.55 - 0.55 (0.55) TOTAL 2.99 3.50 2.18 8.67 Note: Figures in parentheses are the respective amounts financed by the IDA credit. NCB: National Competitive Bidding; ICB: International Competition Bidding; NBF: Non-Bank Financed. 9 Schedule B Page 2 of 2 B. Disbursement by category (US$ million equivalent, net of taxes) Category Amount of Credit Percentage of Expenditures (US$ million to be Financed equivalent) 1. Civil Works 2.540 90 2. Goods - 0.332 100% of foreign expenditure & 90% of local expenditure 3. Consultant Services and Studies (a) Support to Institutional Development 0.361 100 (b) Institutional Development Studies 0.486 100 (c) Project Implementation 0.427 100 (d) Engineering Studies 0.254 100 4. Training and Seminars 0.516 100 5. Operating Costs 0.732 90 6. Refunding of PPF 0.550 100 7. Unallocated 0.375 100 TOTAL 6.573 C. Estimated IDA Disbursement Schedule (US$ million equivalent) IDA Fiscal Year 1998 1999 2000 Annual 2.650 2.365 1.558 Cumulative 2.650 5.015 6.573 10 Schedule C Page 1 of 1 REPUBLIC OF SENEGAL URBAN TRANSPORT REFORM AND CAPACITY BUILDING (TECHNICAL ASSISTANCE) PROJECT TIMETABLE OF KEY PROJECT PROCESSING EVENTS Time taken to prepare: 21 months Prepared by: Government and IDA First preparation mission: September 1995 Appraisal mission: January 20 - February 3, 1997 Date of Negotiations: May 5-6, 1997 Board Presentation: June 10, 1997 Planned Date of Effectiveness: July 1, 1997 List of relevant ICRs/PPARs: None This Memorandum and Recommendation of the Managing Director to the President was prepared on the basis of a preappraisal mission consisting of Patrick Bultynck (Task Team Leader, Urban Transport Economist, AFTES), Claude Sorel (Private Sector Development, AFTPS), Anne Balcerac de Richecour (Financial Analyst, AFTES), Alassane Diawara (Senior Operations Analyst, AF5SN), A.Balthagi (consultant). The appraisal mission was carried out by Patrick Bultynck (Task Team Leader, Urban Transport Economist, AFTU2), Claude Sorel (Private Sector Development, AFTP1), Denise Vaudaine (Municipal Finance Specialist, AFTU2), Alassane Diawara, (Senior Operations Analyst, AFMSN), M. Sidib6 (Operations Assistant), A. Balthagi (consultant). Mr. Kishor Uprety is the Legal Advisor. Mr. Richard Scurfield (EA21N) is Lead Advisor. Messrs. Christian Diou (AFTU2) and Richard Barrett (TWUTD) are peer reviewers. Secretarial support and report production was done by Ms. Connie Kok Shun. Mr. Alberto Harth is the Technical Specialist (AFTU2). Mr. B. Abeilld is the Procurement Specialist. Mr. Max Pulgar-Vidal (AFTU2) is the Technical Manager. Mr. Mahmood A. Ayub is the Country Director (AFC14). MOP Schedule D Generated: May 7, 1997 Status of Bank Group Operations in Senegal IBRD Loans and IDA Credits in the Operations Portfolio (As of 31-Mar-97) Difference Original Amount in US* Millions Between actual Loan or Fiscal and expected Project ID Credit No. Year Borrower Purpose IBRD IDA Cancellations Undisbursed Disbursements a/ Number of Closed Loans/credits: 88 SN-PE-2339 C196B0 198 Republic of Senegal INDUSTRY SECTOR 0.00 33.00 0.00 9.20 6.83 SN-PE-2335 C19100 1988 Republic of Senegal TA DEVT MGMT 0.00 17.00 0.00 2.45 2.03 SN-PE-2327 C19920 1989 Republic of Senegal SMALL RURAL OPS. II 0.00 16.10 0.00 5.93 5.72 SN-PE-2331 C21080 1990 Republic of Senegal AG. SERVICES 0.00 17.10 0.00 2.52 1.30 SN-PE-2342 C22660 1991 Republic of Senegal TRANSPORT SEC. SECAL 0.00 65.00 0.00 16.74 10.91 SN-PE-2371 C23690 1992 Republic of Senegal PUBLIC WORKS & EMPLO 0.00 39.00 0.00 2.56 -.12 SN-PE-2357 C24730 1993 Republic of Senegal HUMAN RES DEV'T II 0.00 40.00 0.00 17.39 -9.61 SN-PE-2376 C27590 1995 Republic of Senegal PRIV.SCTR.CAP.BLDG 0.00 12.50 0.00 8.72 1.76 SN-PE-2346 C27580 1995 Republic of Senegal WATER SECTOR 0.00 100.00 0.00 86.05 39.15 SN-PE-35615 C27230 1995 Republic of Senegal COMM NUTRITION 0.00 18.20 0.00 14.46 5.99 SN-PE-35621 C28730 1996 Republic of Senegal PILOT FEMALE LITERAC 0.00 12.60 0.00 10.74 -1.24 SN-PE-2373 C28720 1996 Republic of Senegal HIGHER EDUC I 0.00 26.50 0.00 23.35 -1.29 Total 0.00 397.00 0.00 200.11 1- Active Loans Closed Loans Total Total Disbursed (IBRD and IDA): 193.70 1,125.09 1,318.78 of which has been repaid: 0.00 161.43 161.43 Total now held by IBRD and IDA: 397.00 927.45 1,324.45 Amount sold 0.00 5.46 5.46 Of which repaid : 0.00 5.46 5.46 Total Undisbursed : 200.11 9.99 210.10 a. Intended disbursements to date minus actual disbursements to date as projected at appraisal. b. Rating of 1-4: see OD 13.05. Annex D2. Preparation of Implementation Summary (Form 590). Following the FY94 Annual Review of Portfolio performance (ARPP), a letter based system will be used (HS = highly Satisfactory, S = satisfactory, U - unsatisfactory, HU = highly unsatisfactory) : see proposed Improvements in Project and Portfolio Performance Rating Methodology (SecM94-901), August 23, 1994. c. Following the FY94 ARPP, "Implementation Progress" will be reported here. OD (D Generated by the Operations Information System (01S) 12 MOP Schedule D Generated: May 7, 1997 Senegal Page 2 of 2 STATEMENTOF IFC's Committed and Disbursed Portfolio As of 31-Mar-97 In Millions US Dollars Committed Disbursed - FC - IFC FY Company Loan Equity Quasi Partic Loan Equity Quasi Partic Approval 1980 BHS 0.00 .46 0.00 0.00 0.00 .46 0.00 0.00 1981 ICS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1988 ICS 3.60 0.00 0.00 0.00 3.60 0.00 0.00 0.00 1993 AEFSOEX .19 0.00 0.00 0.00 .19 0.00 0.00 0.00 1994 SOGECA 0.00 .16 0.00 0.00 0.00 .16 0.00 0.00 1996 AEF SERT .65 .39 0.00 0.00 .35 .39 0.00 0.00 1996 SOGECA 0.00 .17 0.00 0.00 0.00 .12 0.00 0.00 1997 AEF SERT 0.00 .04 0.00 0.00 0.00 0.00 0.00 0.00 Pending Commitments Generated by the Operations Information System (OIS) 13 Schedule E Page 1 of 2 Senegal at a glance Sub- POVERTY and SOCIAL Saharan Low- Senegal Africa income Development diamond* Population mid-1995 (millions) 8.5 589 3,188 GNP per capita 1995 (US$) 570 490 460 Life expectancy GNP 1995 (billions US$) 4.8 289 1,466 Average annual growth, 1990-95 Population (56) 2.7 28 1.8 Labor force (%) 2.6 2.8 1.8 GNP Gross Most recent estimate (latest year available since 1989) per primary capita enrollment Poverty: headcount index (%Y of population) 0 Urban population (% of total population) 42 31 29 Life expectancy at birth (years) 50 52 63 Infant mortality (per 1,000 live births) 62 92 58 Child malnutrition (% of children under 5) 20 .. 38 Access to safe water Access to safe water (% of population) 49 47 75 Illiteracy (% ofpopuation age 15+) 67 43 34 Gross primary enrollment (% of school-age population) 56 71 105 - Senegal Male 67 77 112 - - Low-income group Female 50 64 98 KEY ECONOMIC RATIOS and LONG-TERM TRENDS 1975 1985 1994 1995 Economic ratios* GDP (billions US$) 1.9 2+6 3 9 4.9 Gross domestic investment/GDP 17.8 9.8 13.7 15.6 Exports of goods and non-factor services/GDP 36.6 29.7 32.9 31.6 Openness of economy Gross domestic savings/GDP 12.5 -1.6 7.2 10.4 Gross national savings/GDP 91 -5.1 7.2 9.8 Current account balance/GDP -9.4 -16.8 -6.8 -6.2 Interest payments/GDP 1.0 2.0 1.4 1.2 Savings Investment Total debt/GDP 18.4 99.4 94.3 79.0 Total debt servicelexports 5.8 20.8 15.8 17.6 Present value of debtlGDP .. 62.3 Present value of debtlexports .. . 171.8 Indebtedness 1975-84 1985-95 1994 1995 1996-04 (average annual growth) GDP 1.9 1 9 2.0 4.8 4.0 - Senegal GNP per capita -1.2 -0.7 -0.5 2.3 1.4 Low-income group Exports of goods and nfs 2.8 2.7 4.2 8.8 3.6 STRUCTURE of the ECONOMY 1975 1985 1994 1995 Growth rates of output and investment (%) (% of GDP) Agriculture 30.2 18.7 172 16.4 25 - Industry 228 17.7 20.0 20.6 20- Manufacturing 184 12.8 13.9 14.3 15- Services 47.0 63.6 62.9 63.1 0 . Private consumption 72.2 84.9 80.4 76.5 90 91 9 0s Generalgovernmentconsumption 15.2 16.8 12.4 11.2 Imports of goods and non-factor services 41.8 40.9 39.3 36.9 - GDI GDP (average annual growth) 1975-84 1985-95 1994 1995 Growth rates of exports and imports (%) Agriculture -1.6 1.5 12.4 0.9 20 Industry 2.4 3.1 -2.3 97 is Manufacturing 2.5 2.9 -4.9 9.6 10 Services 3.3 1.7 0.0 4.7 s Private consumption 2.9 0.8 -1.2 1.8 0- - General government consumption 5.7 -1.9 -14.2 -5.8 -5 90 93 94 9s Gross domestic investment -4.8 4.9 9.8 20.1 -1o Imports of goods and non-factor services 3.7 -0.9 -8.7 3.5 Gross national product 1.6 2.2 2.1 4.8 -Exports Imports Note: 1995 data are preliminary estimates. The diamonds show four key indicators in the country (in bold) compared with its income-group average. If data are missing, the diamond will be incomplete. 14 Schedule E Page 2 of 2 Senegal PRICES and GOVERNMENT FINANCE Domestic prices 1975 1985 1994 1995 Inflation (%) (% change) 4o Consumer prices 31.7 13.0 32.1 8 1 ao Implicit GDP deflator 11 5 9.1 33.2 7.6 20 Government finance 1o (% of GDP) o Current revenue 18.9 18.2 16.5 169 -10 90 91 92 93 94 95 Current budget balance 2.6 -0.5 1 7 3.8 - GDP def -- CPI Overall surplus/deficit -04 -3.7 -32 -1.4 TRADE (millions US$) 1975 1985 1994 1995 Export and import levels (mill. US$) Total exports (fob) 503 515 794 969 2000 Fish 41 113 217 275 T [ Groundnuts products 209 53 100 102 1 soo Manufactures 13 8 23 40 Total imports (cif) 612 904 1,167 1,384 lO000 Food 190 197 310 394 500 I Fuel and energy 46 173 142 138 0 Capital goods 129 83 154 180 - Export price index (1987=100) 83 74 80 90 89 90 91 92 93 94 95 Import price index (1987=100) 48 75 108 125 Exports n Imports Terms of trade (1987=100) 173 99 75 72 BALANCE of PAYMENTS (millions US$) 1975 1985 1994 1995 Current account balance to GDP ratio (%) Exports of goods and non-factor services 688 845 1,277 1,541 0 - --- - Imports of goods and non-factor services 782 1,162 1,527 1,799 89 9o 91 92 93 94 95 Resource balance -94 -318 -250 -258 -2 Net factor income -76 -123 -135 -153 - Net current transfers -9 8 38 40 -s Current account balance, before official transfers -179 -434 -263 -300 Financing items (net) 175 420 504 385 -10 Changes in net reserves 5 14 -240 -85 12 - Memo: Reserves including gold (mill. US$) ... 15 190 283 Conversion rate (local/US$) 214.3 449.3 555 2 499.1 EXTERNAL DEBT and RESOURCE FLOWS 1975 1985 1994 1995 (millions US$) Composition of total debt, 1995 (mill. US$) Total debt outstanding and disbursed 349 2,563 3,659 3,845 IBRD 10 89 44 35 IDA 43 232 1,004 1,126 G.235 Total debt service 42 190 223 296 F: 128 IBRD 1 10 15 16 81129 IDA 0 4 13 14 Composition of net resource flows Official grants 44 96 476 371 E 1246 Official creditors 39 130 19 48 Private creditors 19 -5 -9 -25 C 347 Foreign direct investment 23 -16 0 1 Portfolio equity 0 0 0 0 D 700 World Bank program Commitments 31 25 32 216 A - i8RD E - Biateral Disbursements 19 33 54 107 B- IDA D - Other multilateral F - Private Principal repayments 0 6 16 18 C - IMF G - Short-term Net flows 19 27 38 89 interest payments 1 8 12 12 Net transfers 18 19 26 77 International Economics Department 4/8/97 于＿＿一＿一   IMAGING Report No.: P 7052 SE Type: MOMD