The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) REPORT NO.: RES32801 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF SOMALI CORE ECONOMIC INSTITUTIONS AND OPPORTUNITIES PROGRAM (SCORE) APPROVED ON JANUARY 20, 2016 TO MINISTRY OF FINANCE FINANCE, COMPETITIVENESS AND INNOVATION AFRICA Regional Vice President: Hafez Ghanem Country Director: Bella Bird Senior Global Practice Director: Ceyla Pazarbasioglu Practice Manager/Manager: Niraj Verma Task Team Leader: Thilasoni Benjamin Musuku The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) ABBREVIATIONS AND ACRONYMS The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. BASIC DATA Product Information Project ID Financing Instrument P152241 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 20-Jan-2016 30-Jun-2020 Organizations Borrower Responsible Agency Government of Somaliland Ministry of Planning and Ministry of Finance Development,Federal Republic of Somalia Ministry of Finance Project Development Objective (PDO) Original PDO The Project Development Objectives are to: (i) improve the enabling environment for private and financial sector development; and (ii) catalyze private investment and job creation. OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed TF-A1688 20-Jan-2016 15-Feb-2016 16-May-2016 30-Jun-2020 3.30 3.14 .16 TF-A1698 20-Jan-2016 15-Feb-2016 27-May-2016 30-Apr-2019 1.50 1.25 .25 The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No Note to Task Teams: End of system generated content, document is editable from here. I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING Background 1. The Somalia Core Economic Institutions and Opportunities (SCORE) Project is a US$28.50 million Investment Project Financing (IPF), whose Project Development Objectives (PDO) are to: (a) improve the enabling environment for private and financial sector development; and (b) catalyze private investment and job creation. It has the following components: (i) Component 1: Strengthening Core Economic Institutions; (ii) Component 2: Expanding Economic Opportunities; (iii) Component 3: Program Management. The Project was approved on January 26, 2016 and implementation commenced during May 2016. 2. SCORE covers both Federal Government of Somalia (FGS) including Puntland, and Somaliland. The project has both Bank executed on Behalf of the Recipient (BEBR) and Recipient Executed Trust Funds (RETF) Grants with four corresponding legal agreements (i.e. two BE agreements and two RETF agreements for Somaliland and Federal Government of Somalia respectively) as follows: (i) TF0A1688: Recipient Executed Trust Fund (RETF) for FGS and Puntland; (ii) TF0A1709: Bank Executed on Behalf of the Recipient (BEBR) for FGS; (iii) TF0A1698: Recipient Executed Trust Fund (RETF) for Somaliland and; (iv) TF0A01711: Bank Executed on Behalf of the Recipient (BEBR) for Somaliland. 3. Summary Status of Financing for the BEBR Net Ln/Cr/TF Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed TF-A1709 20-Jan-2016 15-Feb-2016 16-May-2016 30-Apr-2019 $9.20M $8.18M $1.02M TF-A1711 20-Jan-2016 15-Feb-2016 27-May-2016 30-Sep-2019 $4.60M $4.20M $0.40M 4. Of the US$ 28.5 million total project value, US$ 19.3 million and US$ 9.2 million is allocated for BEBR and RETF activities respectively. 5. There have been one restructurings of the project to date. The first restructuring in April 2018 extended the project closing date of: i) TF0A1709 (BEBR) to April 30, 2019 from April 30, 2018; and ii) TF0A1688 (RETF) to June 30, 2020 from April 30, 2019. Consequently, the Project will be 4.5 years old at the time of the new closing date. The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Project Status 6. Project performance is currently rated Moderately Satisfactory (MS) for both Implementation Progress (IP) and progress towards achievement of PDO. The current disbursement rate for the project stands at 86.5 percent (US$16.09M) from both the two RETF and BEBR-TFs. The underlying implementation problems that delayed disbursements under Component two, the main instrument used by the project to achieve the PDO “to catalyze private investment and job creation in key productive and service sectors” - the Somali Business Catalytic Fund (SBCF) - have been satisfactorily resolved. The Small and Medium Enterprises (SME) SME Advisory Panels (SAPs), the government-led grant review panels, became operational and the terms of references properly understood, particularly in FGS and Puntland. Consequently, SBCF Round One selected 101 firms from close to 3,000 applications across the Somali peninsula through a transparent merit-based system. Disbursements to these firms commenced in November 2017. 7. The mid-term review (MTR) for the SCORE Program was concluded in February 2018. The results achieved at MTR are attached in Annex 1 (Results Achieved at MTR). MTR findings are that PDO remains relevant and project outcomes are achievable. Rationale for Restructuring 8. This is the second restructuring of the project. It covers changes to the project arising from the MTR which were discussed and agreed with the government, stakeholders and Bank management but were not covered by first restructuring. This is because the first restructuring focused on extending the closing date on two TFs, particularly TF0A1709 which was set to close at the end of April 2018. Proposed changes under the second restructuring align of project components to reflect an updated country and sector context, as well as the long inception phase that SCORE experienced that resulted in a condensed period remaining for implementation. The proposed changes guarantee efficient delivery of results and systemic impact of interventions. 9. The project task team is not proposing any changes to the Somaliland Grant Agreement, changes in the grant amount or Trust Fund closing dates. This is because implementation progress of Component one (Strengthening Core Economic Institutions) in Somaliland is unsatisfactory. Even though most outputs and activities for Components one has been delivered, implementation progress has stalled. 10. Regarding Puntland, the program of activities under Component one relating to the State Bank of Puntland (SBP) is proposed to be rationalized and integrated under the work program for the Central Bank of Somalia (CBS). The proposed changes guarantee coherence in the role of CBS as central bank as well as regulator and supervisor of the financial sector across the Somali peninsula, converging the Federal member states. 11. Accordingly, Component one will focus on consolidating efforts aimed at laying the foundations for long-term financial sector development to enable market-based financial intermediation; Component two will target improved risk appetite and capacity of participating financial institutions to undertake investments and innovation thereby supporting enterprise growth, jobs and livelihoods on a sustainable basis using market tools, and; Component three will extend coverage of the PIU in Mogadishu to strengthen coordination and maintenance of robust relations across FGS member states. As such, Puntland project management is rationalized and integrated under the Project Implementation Unit (PIU) in Mogadishu. The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) 12. In addition, this restructuring paper proposes Grant replenishment of US$9.9m, consolidation of the Mogadishu PIU by changing arrangements for disbursement relating to Puntland, and revisions to the results framework to align project indicators and targets with reallocation of resources across components and new closing dates. 13. The Task Team confirms that the requirements of IPF Bank Policy/Bank Directives OP/BP10.00 regarding closing dates have been met, specifically: (i) the project objectives continue to be achievable; (ii) the performance of the Borrower remains satisfactory; (iii) the Bank and the borrower agree on actions that will be undertaken by the borrower to complete the Project; and (iv) there are no outstanding audits, or IFRs for the Grant. II. DESCRIPTION OF PROPOSED CHANGES 14. Grant replenishment of US$9.9 million. The task team is proposing grant replenishment of US$9.9 million as follows: a) US$2.61 million for TF0A8095 (BEBR), and; b) US$7.29 million for TF0A8094 (RETF). 15. The SCORE Program has been funded up to US$18.6 million and yet it was appraised for US$28.5 million. Progress towards achievement of PDO has accelerated after the underlying implementation problems that delayed disbursements under Component two (the SBCF) were addressed by the governments. Performance of the recipients remains moderately satisfactory and the project objectives continue to be achievable. However, the task team proposes changes to align project components to reflect an updated country and sector context as well as guarantee efficient delivery and systemic impact of interventions as explained in the following paragraphs. The annexure describes the results achieved at MTR and provides details the proposed new activities after restructuring. 16. Change in Components and Costs. The changes in strategic direction of the support from SCORE involve building the core financial and private sector foundations, concretely the legal and regulatory framework, financial sector infrastructure, and institutional and enforcement capacity. This is detailed in the next sections. a. Component one: The task team proposes to adjust upwards the overall component cost by US$1.89 million to US$9.89 million, and within the component US$1.95 million is proposed to be reallocated to financial sector reform from port sector work. The task team proposes that this component focuses on consolidating efforts aimed at laying the foundations for long-term financial sector development to enable market-based financial intermediation. Accordingly, the port sector work and investment climate will both be phased out by September 2018 and December 2018, when the TA on renegotiation of the Mogadishu port is concluded and the business registries and OSS become operational, respectively. An extra 14 months of project implementation time will be needed to allow for completion of both the ongoing and new activities to June 2020 from April 2019 as follows: (i) delivery of the company law and operationalization of the business registry in Mogadishu and one-stop-shop in Hargeisa; (ii) delivery of a package of priority pieces of legislation and updated regulatory frameworks for FGS relating to the modernization of the financial institutions law, payment systems law, insurance law and mobile money regulations; and (iii) investment in market infrastructure to propel efficient and reliable financial intermediation (automated transfer system and national switch as well as inter-bank network connectivity). The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) b. Component two: The task team proposes that the overall component cost be adjusted downwards by US$2.09 million to US$16.41 million to reflect partial cancellation of SBCF financing window. The task team proposes the partial cancellation of the SBCF financing window and focus efforts at creating links among SBCF/SMEF, Somali financial intermediaries and financing windows providing capital to SMEs delivered by development partner projects to strengthen complementarity of development partner programs targeting improved risk appetite and capacity of Somali financial institutions and enterprises thereby supporting enterprise growth, jobs and livelihoods on a sustainable basis using market tools. Parallel to providing implementation support to SBCF grantees, the task team proposes that the SBCF and SMEF activities be focused on strengthening lending operations of participating financial institutions, and assessing the feasibility of a range of financing instrument to increase the risk appetite for investments by financial institutions, especially through mobile money and micro-finance channels for women and women entrepreneurs. Accordingly, the task team proposes that SBCF and SMEF be phased out by December 2018 and March 2019 respectively. c. Component three: Overall component costs will be adjusted upwards by US$200,000 to US$2.2 million. The task team proposes that the setup of the PIU in Mogadishu be modified to strengthen coordination, coverage and maintenance of robust relations with all five Federal Member States that have emerged since effectiveness in May 2016. In so doing, the task team proposes that the Designated Accounts (DA- B) for Puntland at Central Bank of Somalia and the project accounts in Puntland be closed. To effect the changes in disbursement arrangements for Puntland, the client will document the expenditures that have been incurred to date and the outstanding balance transferred to FGS (DA-A) account which is held at the CBS. Thereafter, the client will share with the task team proof of the transfer of funds from DA-B to DA-A. Once proof of transfer of funds is received, the task team will proceed to make book entry adjustments to reflect the transfer funds in Bank systems and block DA-B. 17. Reallocation between Disbursement Categories: Under TF0A1688, the task team proposes to reallocate $799,000 from category two from category one. This follows the proposed rationalization and integration of Puntland project management under the Project Implementation Unit (PIU) in Mogadishu as well as the consolidation of program of activities under Component one relating to the State Bank of Puntland (SBP) under the work program for the Central Bank of Somalia (CBS). The proposed changes ensure efficient project management and guarantees coherence in the role of CBS as central bank as well as regulator and supervisor of the financial sector across the Somali peninsula. 18. Change in Results Framework. The proposed restructuring allows for the alignment of project components to reflect an updated country/sector context, guarantee efficient delivery and systemic impact of interventions. Accordingly, the task team proposes the following revisions to the results framework to align project indicators and targets with reallocation of resources across components discussed above as well as the new closing dates as follows: The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Component 1a: Private Sector Action Indicator Baseline End Target Rationale Added Core-banking and No Yes This indicator captures the accounting system at CBS modernization of the CBS banking and live and operational accounting operations. The systems will include re-organization of the CBS functions responsible for banking operations, accounting and ICT and has linkages to the national payment system Added Inter-bank payment, No Yes This indicator captures the clearing and settlement modernization of the national payment system live and systems. operational The systems will comprise an Automated Transfer Systems (ATS) and National Switch. This target has direct linkages to stability of the economy, the efficiency and reliability of intermediation. Revise end Total annual number of 0 15 It is suggested to increase the target to target actionable on-site and off- 15 from 12, taking into consideration site examination reports mobile payment service providers and an issued additional year for implementation. Increasing the end target focuses CBS attention on improving its institutional effectiveness. This includes repeat examinations. The revised targets are deemed achievable with an additional year for implementation. Revise end Annual number of 0 5 It is suggested to lower the target to five target diagnostic reports on from 18 diagnostics reports. legal, regulatory, institutional and Lowering the target would also enable infrastructure setting the authorities to focus on a vital few aimed at supporting items that help propel financial orderly financial sector intermediation and effective supervision development by supporting the enabling institutional and regulatory framework. The revised target is deemed achievable within the additional year for implementation. The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Component 1b: Investment Climate Action Indicator Baseline End Rationale Target Remove Number of new business 0 400 The indicator does not reflect the work licenses issued under the done with regards to Business Licensing Act during the Registration. Project (Number) Remove Number of new business 0 200 The indicator does not reflect the work licenses issued under the done with regards to Business Licensing Act in Registration. Somaliland during the Project (Number - Sub-Type: Breakdown) Add Total number of 0 2 Adding this indicator will better capture diagnostic reports on the preparatory and regulatory review legal, regulatory, work done by the project to institutional and operationalize the business registry. infrastructure setting aimed at supporting business registration and operations Add Business registry live and No Yes This indicator captures the objective of operational in Mogadishu setting up the business registry and the streamlining of business registration work in Mogadishu. The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Add Business registry live and No Yes This indicator captures the objective of operational in Somaliland setting up the business registry and the streamlining of business registration work in Somaliland. Component 1c: Port Sector Action Indicator Baseline End Target Rationale Add Total number of 0 2 Adding this indicator will better capture diagnostic reports on the preparatory and port sector port sector diagnostic work done by the project to support renegotiation of the Mogadishu port concession agreement Add Number of FGS/Ports 0 5 Adding this indicator will better capture Authority officials trained the preparatory and concession on management of ports agreement review work done by the concession agreements project to support Mogadishu port agreement renegotiation. Component 2b: SMEF Action Indicator Baseline End Target Rationale Remove Total annual increase in 0 25 -The indicator is not strongly revenue of firms attributable to the SMEF intervention. supported by SMEF that - Evidence from other similar training received training and programs (e.g. impact evaluation on advisory services training in Togo) show that managerial training does not have a statistically significant impact on sales/profits of firms. -There is inconsistency in the type and duration of training/TA services provided by SMEF to reasonably link training to long-term outcomes. The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) -Data quality for firms self-reporting on revenue poses problems for capturing reliable and accurate data. Add Percentage of businesses 0 60 The SMEF training directly targets incorporating improved improvements in processes and business practices or practices in firms and examines how processes because of the training was used/applied and SMEF TA support who applied it and why. Add Percentage of business 0 50 This indicator captures the impact of development service SMEF training on the market for BDS (BDS) providers with including engagement with financial repeat clientele and/or intermediaries post-MTR. new clientele because of SMEF TA support disaggregated to show It is assumed that improving capacity female workers and of BDPs in addition to match making women enterprisers services provided by SMEF will result in repeat and new clientele. This target has direct linkages to the overall sustainability of the SMEF intervention. Revise Number of individuals 0 850 It is suggested to lower the target end target receiving subsidized BDS from 1000 to 850 individuals, taking or advice financed by into consideration the revised project SMEF design at MTR. Lowering the target would also enable SMEF to focus on existing clientele (e.g. SBCF grantees who may require repeat TA services) and support to MFIs rather than generating new clientele. The revised targets are deemed achievable within the revised implementation timeframe to March 2019. Gender disaggregation will be tracked Revise Number of individuals 0 1200 Same as above end target receiving subsidized TVET or other forms of training financed by SMEF The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. III. SUMMARY OF CHANGES Changed Not Changed Change in Results Framework ✔ Change in Components and Cost ✔ Reallocation between Disbursement Categories ✔ Change in Disbursements Arrangements ✔ Change in Disbursement Estimates ✔ Change in Implementing Agency ✔ Change in DDO Status ✔ Change in Project's Development Objectives ✔ Change in Loan Closing Date(s) ✔ Cancellations Proposed ✔ Change in Overall Risk Rating ✔ Change in Safeguard Policies Triggered ✔ Change of EA category ✔ Change in Legal Covenants ✔ Change in Institutional Arrangements ✔ Change in Financial Management ✔ Change in Procurement ✔ Change in Implementation Schedule ✔ Other Change(s) ✔ The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Change in Economic and Financial Analysis ✔ Change in Technical Analysis ✔ Change in Social Analysis ✔ Change in Environmental Analysis ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_RESULTS_TABLE RESULTS FRAMEWORK Project Development Objective Indicators PDO_IND_TABLE Number of recommended laws/regulations/amendments/codes enacted or policies adopted Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 5.00 Revised Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Number of recommended laws/regulations/amendments/codes enacted in Somaliland Unit of Measure: Number Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 1.00 1.00 Revised Date 15-Apr-2016 31-Jan-2018 30-Apr-2019 Private Capital Mobilized Unit of Measure: Amount(USD) Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 643000.00 7000000.00 Revised Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Total number of direct jobs created in enterprises supported by the project Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Value 0.00 20.00 2000.00 No Change Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Total number of direct jobs for women Unit of Measure: Number Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 20.00 650.00 No Change Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Total number of direct jobs for youth Unit of Measure: Number Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 20.00 800.00 No Change Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Intermediate Indicators IO_IND_TABLE Total annual number of actionable on-site and off-site examination reports issued Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 15.00 Revised Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Total annual number of actionable on-site and off-site examination reports issued by the Bank of Somaliland(Number - Sub-Type: Breakdown) Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 4.00 Marked for Deletion Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Annual number of diagnostic reports on legal, regulatory, institutional and infrastructure setting aimed at supporting orderly financial sector development Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 3.00 12.00 Marked for Deletion Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Annual number of diagnostic reports on legal, regulatory, institutional and infrastructure setting aimed at supporting orderly financial sector development issued by Bank of Somaliland Unit of Measure: Number Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 3.00 3.00 Marked for Deletion Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Number of new business licenses issued under the Licensing Act during the Project Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 400.00 Marked for Deletion Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Number of new business licenses issued under the Licensing Act during the Project in Somaliland Unit of Measure: Number Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 200.00 Marked for Deletion Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Implementation of a Management Information System in Mogadishu Port Unit of Measure: Yes/No Indicator Type: Custom Baseline Actual (Current) End Target Action Value No No Yes Marked for Deletion The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Total annual increase in revenue of firms supported by SBCF and SMEF that received training and advisory services Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 25.00 Marked for Deletion Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Number of individuals receiving subsidized BDS or advice financed by the SMEF Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 497.00 850.00 Revised Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Number of individuals receiving subsidized TVET or other forms of training financed by the SMEF Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 565.00 1200.00 Revised Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Citizen engagement: Proportion of STEP beneficiaries who consider that design and/or implementation of project subjected to consultation is responsive to their view Unit of Measure: Percentage Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 60.00 No Change Date 15-Apr-2016 31-Jan-2018 30-Jun-2020 Component 1 (a): Core-banking and accounting system at CBS live and operational Unit of Measure: Yes/No Indicator Type: Custom Baseline Actual (Current) End Target Action Value No Yes New The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Date 02-Jul-2018 30-Jun-2020 Component 1 (a): Inter-bank payment, clearing and settlement system live and operational Unit of Measure: Yes/No Indicator Type: Custom Baseline Actual (Current) End Target Action Value No Yes New Date 16-Jul-2018 30-Jun-2020 Component 1 (b): Total number of diagnostic reports on legal, regulatory, institutional and infrastructure setting aimed at supporting business registration and operations Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 2.00 New Date 16-Jul-2018 30-Jun-2020 Component 2 (b): Percentage of businesses incorporating improved business practices or processes because of SMEF TA support Unit of Measure: Percentage Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 60.00 New Date 16-Jul-2018 30-Jun-2020 Component 2 (b) : Percentage of Business Development Services (BDS) providers with repeat clientele and/or new clientele because of SMEF TA support disaggregated to show female workers and women enter Unit of Measure: Percentage Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 50.00 New Date 16-Jul-2018 30-Jun-2020 Component 1 (c): Number of FGS/Ports Authority officials trained on management of ports concession agreements Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) Value 0.00 5.00 New Date 16-Jul-2018 30-Jun-2020 Component 1(c): Total number of diagnostic reports on port sector Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 2.00 New Date 16-Jul-2018 30-Jun-2020 OPS_DETAILEDCHANGES_COMPONENTS_TABLE COMPONENTS Current Current Proposed Proposed Cost Action Component Name Component Name Cost (US$M) (US$M) Component 1: Strengthening Component 1: Strengthening 8.00 Revised 9.89 Core Economic Institutions Core Economic Institutions Component 2: Expanding Component 2: Expanding 18.50 Revised 16.41 Economic Opportunities Economic Opportunities Component 3: Program Component 3: Program 2.00 Revised 2.20 Management Management TOTAL 28.50 28.50 OPS_DETAILEDCHANGES_REALLOCATION _TABLE REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Financing % Current Allocation Actuals + Committed Proposed Allocation (Type Total) Current Proposed TF-A1688-001 | Currency: USD Current Expenditure Category: (1)Goods (including vehicles), works, non- iLap Category Sequence No: 1 consulting services, consultant services, Training and Operating Costs under 2,300,000.00 2,376,379.43 3,099,000.00 100.00 100.00 iLap Category Sequence No: 2 Current Expenditure Category: Gd,Wk,NCS,CS,Tr&OC Pt1B&3B The World Bank Somali Core Economic Institutions and Opportunities Program (SCORE) (P152241) 1,000,000.00 200,655.01 201,000.00 100.00 100.00 Total 3,300,000.00 2,577,034.44 3,300,000.00 OPS_DETAILEDCHANGES_DISBURSEMENT_TABLE DISBURSEMENT ESTIMATES Change in Disbursement Estimates Yes Year Current Proposed 2016 0.00 0.00 2017 4,000,000.00 8,500,000.00 2018 16,000,000.00 10,000,000.00 2019 8,500,000.00 8,000,000.00 2020 0.00 2,000,000.00 Note to Task Teams: End of system generated content, document is editable from here.