The World Bank Report No: ISR13701 Implementation Status & Results Nicaragua Reducing the Vulnerability of Small Farmers to Price Risk (P144462) Public Disclosure Copy Operation Name: Reducing the Vulnerability of Small Farmers to Price Risk Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 08-May-2014 (P144462) Country: Nicaragua Approval FY: 2013 Product Line: Recipient Executed Activities Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Emergency Recovery Loan Implementing Agency(ies): Key Dates Board Approval Date 28-Feb-2013 Original Closing Date 24-Apr-2015 Planned Mid Term Review Date 28-Jul-2014 Last Archived ISR Date Effectiveness Date 24-Apr-2013 Revised Closing Date 24-Apr-2015 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to reduce the vulnerability of small farmers in Nicaragua to the increased volatility in international food markets by reducing transactions costs for trading of agriculture products locally and internationally and increasing access to price risk management tools and strategies. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Development of Agriculture Price Risk Management Strategies 0.32 Promotion of Agriculture Regional Trade 0.09 Strengthening Access to Price Risk Management Tools 0.38 Project Management, Monitoring and Evaluation, and Knowledge Dissemination 0.20 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Overall Risk Rating Moderate Implementation Status Overview Despite a late start of the project (launch of project in October 2013, after approval in April 2013), the activities are now moving quite quickly. Component I, Development of Agriculture Price Risk Management Strategies, has been driven by the guidance of two expert consultants who have been working develop new instruments to manage price risk, and Page 1 of 3 The World Bank Report No: ISR13701 once this consultancy is complete, Component III will launch to make producers more aware of these new instruments. Component II is underway and the project is contracting national lab accreditation services and a World Bank consultant has helped the team develop the ToR for a company to develop an electronic trade platform for BAGSA. Locations Public Disclosure Copy No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Reduction in transaction costs and after-tax Percentage Value -10.00 margins of products currently not traded Date through the local commodity exchange Comments Additional agriculture products (cash and/or Number Value 0.00 2.00 financial contracts) traded through the local Date commodity exchange Comments Reduction in time for obtaining quality Percentage Value -10.00 certification for commercialization for Date agriculture products Comments Increase the volume of food products traded Percentage Value 2.00 through the local commodity exchange Date Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target New norms to enable to certify quality for Number Value 0.00 agriculture export Date Comments Public Disclosure Copy new commodity trade and/or price risk Number Value 0.00 management strategies / tools for small Date farmers Comments Number of farmers trained in improved Number Value 0.00 3000.00 agriculture price risk management strategies Date Comments Data on Financial Performance (as of 07-Mar-2014) Page 2 of 3 The World Bank Report No: ISR13701 Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P144462 TF-14338 Effective 17-Apr-2013 24-Apr-2013 24-Apr-2013 24-Apr-2015 24-Apr-2015 Public Disclosure Copy Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P144462 TF-14338 Effective USD 1.00 1.00 0.00 0.13 0.88 13.00 Disbursement Graph Key Decisions Regarding Implementation No key decisions for disclosure at this time. Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Page 3 of 3