The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Ferghana Valley Rural Enterprise Development Project (P166305) EUROPE AND CENTRAL ASIA | Uzbekistan | Agriculture Global Practice | IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 27-Jun-2019 | ISR37855 | Implementing Agencies: Republic of Uzbekistan, Agency for the Implementation of Projects in the Field of Agroindustry and Food Security "UZAIFSA" Key Dates Key Project Dates Bank Approval Date: 21-Mar-2019 Effectiveness Date: -- Planned Mid Term Review Date: 01-Sep-2022 Actual Mid-Term Review Date: -- Original Closing Date: 31-Jul-2025 Revised Closing Date: 31-Jul-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To support the expansion of rural enterprise activity and job creation in Ferghana Valley Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Enterprise Development:(Cost $15.00 M) Component 2: Access to Finance:(Cost $167.00 M) Component 3: Project Management and Coordination:(Cost $3.00 M) Unallocated:(Cost $14.50 M) Front end fee:(Cost $0.50 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’s objective is to support the expansion of rural enterprise activity and job creation in the Ferghana Valley. The project has three components: (1) Enterprise Development; (2) Access to Finance; and (3) Project Management and Coordination. The first component will support rural entrepreneurship through business incubation and business advisory services; and provide technical assistance to strengthen backward and forward linkages in supply chains to facilitate greater market access. The second component will provide financial and technical support for micro, small and medium enterprises in high potential sectors (agriculture, food processing, handicraft, rural services, tourism, and small manufacturing sectors) through a credit line and partial credit guarantee fund. The project will contribute to Uzbekistan’s reform agenda and the Government’s larger goal of building greater economic and job opportunities and facilitating private sector-led economic growth. 6/27/2019 Page 1 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) The project is not yet effective but initial preparatory activities are underway. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate -- Moderate Macroeconomic Substantial -- Substantial Sector Strategies and Policies Moderate -- Moderate Technical Design of Project or Program Moderate -- Moderate Institutional Capacity for Implementation and Sustainability Substantial -- Substantial Fiduciary Moderate -- Moderate Environment and Social Substantial -- Substantial Stakeholders Moderate -- Moderate Other -- -- -- Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Expanded enterprise sector in Ferghana Valley IN00722882 ►Enterprise intensity index (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 -- 100.00 110.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 The percentage ratio of the number of enterprises to the number of able age population. Index in base Comments: year = 100, end target = 110 (10% increase) IN00722883 Enterprise intensity index - Female-led enterprises (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 -- 100.00 110.00 IN00722885 Enterprise intensity index - led by youth (Percentage, Custom Supplement) 6/27/2019 Page 2 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 -- 100.00 110.00 IN00722887 ►Number of enterprises supported under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,000.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: The number of enterprises supported under the project IN00722888 Number of micro enterprises supported under the project (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 700.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 IN00722889 Number of small enterprises supported under the project (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 700.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 IN00722890 Number of enterprises - Female led (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 500.00 IN00722891 Number of enterprises - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 700.00 IN00722892 ►Increase in total revenues of enterprises supported under the project, US$ (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200,000.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 IN00722893 Increase in revenues of micro enterprises supported under the project (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 IN00722894 Increase in total revenues of small enterprises supported by the project (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 6/27/2019 Page 3 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Value 0.00 -- 0.00 15.00 Jobs creation IN00722881 ►Number of additional jobs generated by enterprises supported by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: Number of total additional jobs generated by enterprises supported under the project IN00722884 Number of additional jobs generated by enterprises supported under the project - female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5,000.00 IN00722886 Number of jobs generated by enterprises supported by the project - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10,000.00 Intermediate Results Indicators by Components Component 1: Enterprise Development IN00722896 ►Number of formal clusters or supply chain contract arrangements in the project area (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 The number of formal clusters or supply chain contract arrangements in the project area supported by the Comments: project, number IN00722898 ►Number of beneficiaries trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5,000.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: The total number of beneficiaries receiving average of 10 days of training over project lifetime, number IN00722901 Number of beneficiaries trained - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 6/27/2019 Page 4 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Value 0.00 -- 0.00 1,500.00 IN00722903 Number of beneficiaries trained - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,500.00 IN00722904 ►Number of districts where rural business development services are being delivered under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 36.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: The number of districts where rural business development services are being delivered under the project IN00722906 ►Number of market promotion events carried out (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 40.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: The total number of market promotion events carried out under the project, number IN00722908 ►Number of new business startups (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: The number of new business start-ups supported by the project, number IN00722911 Number of new business start-ups supported under the project - Female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 IN00722912 Number of new start-ups supported by the project - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 IN00722913 ►Percentage of beneficiaries satisfied with services provided under the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 65.00 6/27/2019 Page 5 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Share of beneficiaries who are satisfied with the access to and quality of services provided under the Comments: project, percentage IN00722914 Percentage of beneficiaries satisfied with services provided under the project - Female (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 65.00 Component 2: Improving the Enabling Environment for SMEs and Business Clusters IN00722895 ►Volume of financing provided through participating financial institutions (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100,000,000.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: The total volume of financing provided through participating financial institutions, US$ IN00722897 Volume of financing to micro enterprises provided through participating financial institutions under the project (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10,000,000.00 IN00722899 Volume of financing provided to small enterprises through partcipating financial institutions (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000,000.00 IN00722900 ►Share of cluster sub-projects that leverage external financing (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 70.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Measures if clusters are able to successfully leverage external financing following receipt of TA provided Comments: under the project. IN00722902 ►Number of sub-loans (Number (Thousand), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,200.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: Measures the number of sub-loans issued by participating financial institutions IN00722905 6/27/2019 Page 6 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Number of sub-loans - Female (Number (Thousand), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 IN00722907 Number of sub-loans - Youth (Number (Thousand), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 IN00722909 ►Share of complaints addressed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 70.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Comments: Percentage of complaints received under the project that are addressed IN00722910 ►Non performing Loans (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 01-Jul-2019 -- 01-Jul-2019 31-Dec-2024 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P166305 IBRD-89380 USD 200.00 200.00 0.00 0.00 200.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P166305 IBRD-89380 21-Mar-2019 11-Apr-2019 -- 31-Jul-2025 31-Jul-2025 Effective Cumulative Disbursements 6/27/2019 Page 7 of 8 The World Bank Implementation Status & Results Report Ferghana Valley Rural Enterprise Development Project (P166305) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/27/2019 Page 8 of 8