The World Bank Report No: ISR7823 Implementation Status & Results Mauritius Mauritius - Priv Sec Competitiveness Development Policy Loan (PSC - DPL) (P126903) Public Disclosure Copy Project Name: Mauritius - Priv Sec Competitiveness Development Policy Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 28-Oct-2012 Loan (PSC - DPL) (P126903) Country: Mauritius Approval FY: 2012 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Development Policy Lending Implementing Agency(ies): Ministry of Finance and Economic Development Key Dates Board Approval Date 27-Mar-2012 Original Closing Date 31-Dec-2012 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 22-Jun-2012 Revised Closing Date 31-Dec-2012 Actual Mid Term Review Date 19-Jul-2012 Program Development Objectives Program Development Objective (from Program Document) The development objective of the programmatic series is to strengthen the policy and institutional environment in Mauritius to support competitiveness and enterprise development. The operation will achieve this by supporting reforms in around three integrated and mutually reinforcing pillars: (i) improving competitiveness and growth of enterprises; (ii) improving access to finance; and (iii) promoting ICT and e-Gov for enhancing competitiveness and transparency. 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) Moderately Satisfactory Implementation Status Overview Public Disclosure Copy Since the Project became effective on June 22, 2012, overall steady progress is being made towards the implementation of policy areas, as agreed under the three pillars of Government's reform program. Under the Access to finance pillar, progress has been slower than anticipated. The team is nonetheless, working in partnership with the Government to make a concerted effort to meet the targets in time for the appraisal of the second DPL in the PSC series. Results Results Indicators Page 1 of 3 The World Bank Report No: ISR7823 Indicator Name Core Unit of Measure Baseline Current End Target Number of Enterprises accessing Generic BDS Text Value 200 220 25% increase increases Date 27-Feb-2012 19-Jul-2012 31-Dec-2012 Public Disclosure Copy Comments Source: Generalized training provided by SMEDA Number of Enterprises accessing Specialized Text Value 80 115 (44% increase) 20% increase BDS increases Sub Type Supplemental Number of insolvency practitioners registered Text Value 75 81 15% increase Date 27-Feb-2012 19-Jul-2012 31-Dec-2012 Comments (8% increase). Source: Insolvency Unit Number of businesses with an approved Number Value 0.00 6.00 8.00 restructuring plan Sub Type Supplemental Development Bank of Mauritius meets Text Value None Not met All Committees as required by prudential requirements of the Central Bank the Banking regulations set up Date 27-Feb-2012 19-Jul-2012 31-Dec-2012 Comments Reduction in the interest subsidy to DBM Text Value MUR 80 million MUR 28 million MUR 50 million Sub Type Supplemental Increase in the number of loans to SMEs of Text Value 24,532 20,883 15% increase less than Rs 150,000 Sub Type (15% decrease) Supplemental Reducation in time taken to register property Text Value 15 days 2 days 2 hours Public Disclosure Copy Date 27-Feb-2012 19-Jun-2012 31-Dec-2012 Comments Source: Registrar General Increase in coverage of the Credit Information Percentage Value 50.00 67.80 90.00 bureau Date 27-Feb-2012 19-Jul-2012 31-Dec-2012 Comments Source: Credit Information Bureau Page 2 of 3 The World Bank Report No: ISR7823 Increase in the number of homes that have Text Value 87,500 HHs 94,560 HHs 140,000 HHs access to download speeds of at least 10 Mbps Date 27-Aug-2012 19-Jul-2012 31-Dec-2012 and upload speeds of at least 5 Mbpsby 2013. Comments Public Disclosure Copy Average monthly retail price of broadband Text Value Rs 316.52 Rs 316.52 25 percent decrease ADSL. 256kbps with 3GB allowance,service to Date 27-Feb-2012 19-Jul-2012 31-Dec-2012 households decreases Comments Number of public services that can be Number Value 0.00 0.00 15.00 executed via secured online transactions Date 27-Feb-2012 19-Jul-2012 31-Dec-2012 Comments Data on Financial Performance (as of 29-Jun-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P126903 IBRD-81390 Effective 27-Mar-2012 20-Apr-2012 22-Jun-2012 31-Dec-2012 31-Dec-2012 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P126903 IBRD-81390 Effective USD 15.00 15.00 0.00 0.04 14.96 0.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Public Disclosure Copy Key Decisions Regarding Implementation Project was approved March 27, 2012 and declared effective on June 22, 2012. Government plans to draw down funds in November 2012. Restructuring History There has been no restructuring to date. Related Operations P132510-Mauritius Second Private Sector Competitiveness DPL Page 3 of 3