The World Bank Report No: ISR13622 Implementation Status & Results Tuvalu Tuvalu Development Policy Operation (P145488) Public Disclosure Copy Project Name: Tuvalu Development Policy Operation (P145488) Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 20-Apr-2014 Country: Tuvalu Approval FY: 2014 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 22-Nov-2013 Original Closing Date 30-Jun-2014 Planned Mid Term Review Date 12-May-2014 Last Archived ISR Date Effectiveness Date 31-Jan-2014 Revised Closing Date 30-Jun-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) To support reforms that strengthen public financial management and improve the delivery of social services, while providing critical financing to enable the rebuilding of fiscal buffers. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview Overall, implementation is satisfactory. Reforms supported under the first development policy operation of the series have been implemented, and progress is being made towards reforms identified as indicative triggers for the planned second operation. Public Disclosure Copy Results Results Indicators Page 1 of 3 The World Bank Report No: ISR13622 Indicator Name Core Unit of Measure Baseline Current End Target Variance in composition of expenditure Text Value Average 2010-12 variance > Average 2013-15 variance < 10% 10% Public Disclosure Copy Date 31-Dec-2012 31-Dec-2015 Comments Calculated in accordance with PEFA guidelines for PEFA Indicator II, excluding one-off lumpy items. Management of revenue records Text Value Full reconciliation not Treasury records do not available deviate by more than 10 percent from those of the revenue and fisheries management systems. Date 31-Dec-2012 31-Dec-2015 Comments Share of newly approved projects implemented Text Value n/a > 50 percent. in line with the outer island plans for community Date 31-Dec-2012 31-Dec-2015 development Comments Increased budget allocation to primary and Text Value AUD 2.3 million Increase on average by at secondary health least 5 percent per annum Date 31-Dec-2012 31-Dec-2015 Comments Estimate Increased budget allocation to primary and Text Value AUD 3.1 million Increase on average by at secondary education (including vocational) least 5 percent per annum Date 31-Dec-2012 31-Dec-2015 Comments Estimate Data on Financial Performance (as of 01-Apr-2014) Public Disclosure Copy Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P145488 IDA-H8890 Effective 22-Nov-2013 07-Jan-2014 31-Jan-2014 30-Jun-2014 30-Jun-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P145488 IDA-H8890 Effective XDR 2.00 2.00 0.00 0.00 2.00 0.00 Tranches Page 2 of 3 The World Bank Report No: ISR13622 Tranche 1 Public Disclosure Copy Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation The first development policy operation of the series was approved on the 22nd of November, with disbursement occurring in April 2014. Restructuring History There has been no restructuring to date. Related Operations P150194-Second Development Policy Operation Public Disclosure Copy Page 3 of 3