90350 For Official Use Only CPSCR Review Independent Evaluation Group 1. CPS Data Country: Argentina CAS/CPS Year: FY09 CAS/CPS Period: FY10 – FY 12 CASCR/CPSCR Review Period: FY10 – Date of this review: August 27, 2014 FY 14 2. Executive Summary i. This review examines the implementation of the FY10 - FY12 Country Partnership Strategy (CPS) of FY09 and the CPS Progress Report (CPSPR) of FY11, and assesses the CPS Completion Report (CPSCR). The CPS was jointly implemented by IBRD and IFC and although the results framework was only for IBRD; this review covers the activities of the two institutions. The CPS period was FY10-12 but there has been no new IBRD lending after FY11 – this is not discussed in the CPSPR. ii. Under the CPS, the objective of the program was to provide selective, performance-based support under three pillars (the same pillars as under the previous CPS) to influence specific outcomes in support of Argentina’s strategic development goals. Following the FY11 CPSPR the three pillars were retained with a total of nine objectives: Pillar 1: Sustainable Growth with Equity. Objectives: 1. Upgrade Argentina’s infrastructure to address potential bottlenecks to competitiveness, and underpin medium-term growth and poverty alleviation. 2. Improve competitiveness, quality and exports of agriculture and livestock production. 3. Address a growing problem of resource degradation. Pillar 2: Social Inclusion. Objectives: 4. Reduction in poverty by supporting the government in a long term strategy for Social Protection. 5. Consolidate improvements in health indicators and improve quality. 6. Reduce disparity in educational attainment between the urban and the rural sector. 7: Realign (better alignment of) educational policy and practices with emerging challenges. Pillar 3: Improved Governance. Objectives: 8. Expand performance management and improve the quality of public expenditure and trust in institutions. 9. Strengthen the capacity of the Government to prepare, approve and implement investment projects in line with the requirements of a medium-term investment partnership. iii. IEG rates the overall outcome of WBG support as Moderately Satisfactory. During the period, under Pillar 1 the condition of national and provincial roads system was strengthened, while there were major improvements for road safety. The CPSCR reports a decline in road fatalities by 43.2 percent between 2008 and 2013, with substantial increases in the use of seat belts and helmets. The Bank also supported improvements in urban infrastructure and in rural access to electricity, and increased agricultural productivity in project areas. Under Pillar 2 the Bank supported progress for stronger social inclusion including through a universal child allowance, and health insurance for marginal groups - including almost two million beneficiaries for maternal and child health insurance coverage, and the training of large numbers of marginalized workers. Under Pillar 3, there has been some improvement in governance at the provincial and national levels, although a number of the indicators under this pillar were partial (such as improvements in one province) or process-oriented (including one objective focusing on Bank projects). iv. IEG rates IBRD performance as Fair. The World Bank prepared and implemented a large CPSCR Reviewed by: Peer Reviewed by: CASCR Review Coordinator Nils Fostvedt, Consultant, Juan Jose Fernandez- Geeta Batra, Manager, IEGCC IEGCC Ansola, Consultant, IEGCC Cameron Wilson, Consultant, IEGCC Takatoshi Kamezawa, Senior Evaluation Officer, IEGCC For Official Use Only CPSCR Review 2 Independent Evaluation Group and relevant program for a country with some special difficulties and a history of strained relations with international financial institutions. The lending program was supported by a substantial program of knowledge activities that addressed important issues for Argentina’s economic and social development, although perhaps spread over too large an area. All available indicators including for projects still under implementation indicate that, on average, project design and implementation has been of substantial quality. Importantly, however, lack of new lending after FY11 has caused an inevitable hiatus in the work program (although ongoing operations continued to be implemented) – and the reasons and effect of this hiatus are not discussed in the CPSPR. In addition, there were several fiduciary issues at the project level during the period. v. The CPS was implemented during a period of exceptional country issues that are still affecting Argentina’s economic development. The country has had very limited access to external financing as a result of its unresolved external debt issues, and there has been no IMF Article 4 consultation since 2006. The CPS results framework (including as updated in the CPSPR) addressed important areas, but at the specific or technical level and with indicators focused heavily on project-related achievements that were not necessarily linked to broader policy issues or trends for economic or sectoral developments – including in areas like agriculture, education, poverty and governance. At the same time IFC has followed a cautious approach. The Bank did not deliver the Economic Memorandum that had been planned in the CPS. Going forward, it is now also important for the Bank to address possible implications from a three-year hiatus in new lending. vi. vi. The CSPCR provides the following lessons with which IEG agrees, with some modifications: (a) The importance of focusing on results while having flexibility to adapt to changing circumstances and government priorities; (b) It can be more efficient to integrate governance as a cross-cutting theme into the overall engagement; (c) It is important to ensure that the results frameworks are tied to the activities under implementation, although IEG would add that it is also important at the same time for the results frameworks not to lose sight of the broader objectives. (d) The dialogue with government counterparts can be strengthened by focusing on areas where there is mutual commitment. Here IEG would add as long as there is no shying away from important issues even if potentially contentious. (e) Maintaining a regular dialogue with government counterparts and sharing implementation experiences can help improve portfolio importance. In addition, IEG would add another lesson (f) To ensure program consistency and enhance evaluative credibility, it would be better for planned IFC activities to be linked to appropriate indicators in the results frameworks. 3. WBG Strategy Summary Country Context: 1. The CPS was prepared for the period FY10-12. While no CPS has been discussed after FY12, and no new projects have been approved after FY11, the CPSCR and this Review also capture WBG activities in FY13-14. 2. The CPS was implemented during a period of exceptional country issues that are still affecting Argentina’s economic development. The country has had very limited access to external financing as a result of its unresolved external debt issues. There has been no IMF Article 4 consultation since 2006 and IMF also censured the country for not supplying accurate economic data. The CPS included the expected preparation of a Country Economic Memorandum, but this did not happen. The CPS results framework addressed important areas, but with indicators focused heavily on project-related achievements that were not necessarily linked to broader policy issues or trends for economic or sectoral developments. Going forward, it is now also important for the Bank to address possible implications from a three-year hiatus in new lending, an issue not discussed in the CPSCR. For Official Use Only CPSCR Review 3 Independent Evaluation Group 3. This CPS was the second full strategy in the wake of the country’s economic crisis of 2001 -02. It was prepared at a time of strong macroeconomic performance that was tapering off, with growth starting to decelerate in late 2008 for both domestic and international reasons. The CPS noted that Argentina would need to weather the effects of the global economic crisis combined with internal factors such as limited access to external financing and uncertainty over the course of economic policies. In the event, the FY11 progress report (CPSPR) was able to conclude that the effects of the international crisis had been less severe than anticipated, with a decline in economic growth in 2009 followed by a strong rebound in 2010, fueled by both internal absorption and strong external demand for commodities. Data from the Economist Intelligence Unit (EIU - Country Report July 29) show that after strong real economic growth in 2010-11 (9.1 percent and 8.6 percent, respectively), Argentina’s growth rate declined sharply in 2012-13 (0.9 percent and 3 percent, respectively) under the impact of weakening exports (negative growth in 2012), and the EIU projects a GDP decline of 1.2 percent for 2014 and a continued budgetary deficit. The EIU also shows a sharply increased current account deficit, as do IMF statistics (a current account deficit of 0.9 percent of GDP in 2013 and projected continued deficits of around 0.5 percent of GDP for 2014 and the following years). Inflation measured by the increase in consumer prices has been high throughout the period, with an expected further jump in 2014 to 36.3 percent (EIU) following a devaluation of the peso earlier this year. As was the case at the time of the CPS, Argentina still needs to improve its capacity for counter-cyclical policies limited by weak access in particular to external financing sources, to manage balance of payment pressures and to improve the level and quality of investments, as gross fixed investments are projected by the EIU to decline significantly in 2014. 4. During this period there has been political stability at the top. President Fernandez de Kirchner was re-elected in 2011, but is ineligible to run for third term in 2015. The government’s economic priorities were presented in Annex 1 to the CPS and have largely remained in effect for the CPS period -- maintenance of economic growth and stability, with a special focus on the building of institutions and the strengthening of foreign relations, and prioritization of social safety nets and job creation. Infrastructure development was a high priority, the fragmentation of the public health system would be reduced while developing interventions for vulnerable and poor sectors, and public spending on education would be increased as a percent of GDP while working towards universal school enrollment of five-year olds. Objectives of the WBG Strategy: 5. Under the CPS, the program would provide selective, performance-based support under three pillars (the same pillars as under the previous CPS) to influence specific outcomes in support of Argentina’s strategic development goals. The 2011 CPSPR kept the three pillars but modified and increased the number of objectives as listed below. (This Review uses the CPSPR formulations of the objectives, even though these were reformulated and combined in Annex A of the CPSCR.): Pillar 1: Sustainable Growth with Equity  Objective 1: Upgrade Argentina’s infrastructure to address potential bottlenecks to competitiveness, and underpin medium-term growth and poverty alleviation. This was unchanged in CPSPR.  Objective 2: Improve competitiveness, quality and exports of agriculture and livestock production. This was unchanged in CPSPR.  Objective 3: Address a growing problem of resource degradation. This was unchanged in CPSPR. Pillar 2: Social Inclusion  Objective 4: Consolidate the reduction in poverty and expand efforts to reverse the longer- For Official Use Only CPSCR Review 4 Independent Evaluation Group term poverty trend by increasing household incomes and integrating marginalized groups into the productive marketplace.  This was modified in the CPSPR: Reduction in poverty by supporting the government in a long term strategy for Social Protection.  Objective 5: Consolidate improvements in health indicators and improve quality of education while reducing dropout rates. In the CPSPR this objective was reformulated and divided on health and education: Consolidate improvements in health indicators and improve quality.  Objective 6: Reduce disparity in educational attainment between the urban and the rural sector.  Objective 7: Realign (better alignment of) educational policy and practices with emerging challenges. Pillar 3: Improved Governance  Objective 8: Expand performance management and improve the quality of public expenditure and trust in institutions. This was unchanged in the CPSPR even though the government had decided not to seek Bank financing in support of performance based budgeting and had instead asked the Bank to focus on improving the efficiency of national and sub-national public institutions.  Strengthen the effectiveness, efficiency, transparency and accountability of public sector management. This was reformulated in the CPSPR to the more narrow new Objective 9: Strengthen the capacity of the Government to prepare, approve and implement investment projects in line with the requirements of a medium-term investment partnership. Relevance of the WBG Strategy: 6. Congruence with Country Context and Country Program. The WBG program built on the progress achieved under the previous CPS; this provided continuity while the program was also appropriately selective, a necessity for a substantial middle income country like Argentina. The WBG program did not address, and could not have been expected to address directly some of the key challenges that Argentina was facing during the period such as the issues related to the country’s limited access to external financing and the overall macroeconomic policies as these have evolved from time to time. However, all three pillars addressed areas of consensus within the government’s development agenda that were of importance for the country’s economic and social development, and corresponded to stated priority issues for the government. In this regard, the CPS rightly saw the focus on assistance to strengthen the safety net system as appropriate given the uncertain economic prospects at the time. 7. Relevance of Design. The WBG program combined investment lending with plans for a stronger AAA program, and steps to improve the implementation of the Bank portfolio. The latter was important since a lesson from the previous planning period was that the shift to an all-investment program had strained the project implementation capacity of the government. The program was meant to be moderately front-loaded, which was appropriate given the international financial crises at that time. Overall, the design of the program was relevant to the objectives. The program covered both the Bank and IFC. The IFC strategy emphasized investments in support of financial markets (building on established partnerships with client banks) and export-oriented sectors. This was relevant in light of Argentina’s domestic economic conditions and the impact of the global financial crisis. There were however few direct linkages to the Bank program. 8. Strength of the Results Framework. The framework was overall well structured under the three pillars, linking Bank program instruments (including AAA under Pillars 2 and 3) to the outcomes the Bank program expected to influence under each main objective. However, a weakness was the lack of timeframes for the completion of measures (in the PR matrix only a few milestones showed For Official Use Only CPSCR Review 5 Independent Evaluation Group dates). The results framework maintained its overall structure and basic characteristics throughout the CPS period, but with many specific modifications in the CPSPR (dated February 2011, about two years after the original CPS). Thus Annex Table 1 shows that out of 34 expected outcomes (also called specific “objectives”) more than half were either introduced (13) or reformulated (5) in the CPSPR. The many changes in expected outcomes was the main reason for the many changes also made to the indicators – 53 (67 percent) out of 79 indicators were introduced in the CPSPR. The indicators were largely focused on expected achievements from specific projects, without linkages to broader trends in policies or on the ground. It is also noticeable that not all of the indicators had baselines (only 60 percent) or targets (90 percent had targets), and both baseline and targets specific dates were often missing. In some cases baselines were introduced retroactively in the CPSCR. These modifications can be explained in part by the need for the program to be flexible given the uncertain circumstances, but the extent of the modifications does raise the question on whether the original framework was sufficiently well prepared at the time of the CPS. The results frameworks of both the CPS and CPSPR, respectively, failed to include any IFC activities, while the CPSCR results matrix appended ex post several IFC investments to retroactively defined indicators. 9. Risk Identification and Mitigation. The CPS (paras 95-107) discussed external and internal risks, including most importantly the questions concerning Argentina’s indebtedness (mentioning the government’s stated intention of clearing arrears with Paris Club members), the e xternal environment, the possible limited availability of counterpart funds, slowing economic growth, legal risks, and inflationary pressures. The issues identified and the suggested mitigating measures were reasonable, such as to restructure and rebalance the portfolio if limited availability of counterpart funds should become an issue. One broader risk not foreseen was that the Bank might not be able to undertake further new lending after the end of the planned CPS period, with the inevitable break in parts of its work that such a hiatus would imply. In this regard, also, Annex Table 2 shows that there were no new approvals even in FY12, the last year of the CPS period. This possibility was not discussed in the 2011 CPSPR, and the reasons for the lack of approvals in that year are not mentioned in the CPSCR. (The country team has explained that new lending came to a halt because the CPS envelope had been fully allocated.) Overview of CAS/CPS Implementation: Lending and Investments: 10. At the beginning of the CPS period, the Bank portfolio in Argentina (as of April 2009) amounted to $2.8 billion (undisbursed) for 32 investment projects, of which 12.5 percent by number were rated as problem projects and 25 percent by number as projects at risk. Over the CPS period (FY10-12) there were a total of 13 new approvals (all for investment projects including three additional financings) for a total of $2.855 billion, of which three for $829 billion were unplanned. The operations are concentrated in the areas of infrastructure and social protection. Annex Table 2 also shows that the modest frontloading indicated in the CPS may not have taken place: In FY10 there were five approvals for $634 million, growing to eight approvals for $2.221 billion in FY11, while there was not a single new approval in FY12, the last year of the CPS period, and none for FY13-14 either. There were a significant number of dropped projects – a total of 12 over the period through FY14. This looks large and could indicate issues in pipeline management or dialogue with the government. (The country team has explained that the large number of dropped projects was on account of changing government priorities in addition to the flexible design of the strategy.) Annex Table 4 shows a total of 24 grants and trust funds active during the CPS period for a total approved amount of $79.5 million. Twelve of these were approved in or after FY10, of which one (land management in Buenos Aires Province) after the formal expiration of the CPS period at the end of FY12. 11. Annex Table 2 shows that in addition to the new operations, a total of 35 operations including for additional financing were ongoing during some of the CPS period, of which four were closed after For Official Use Only CPSCR Review 6 Independent Evaluation Group more than ten years’ of operation, and a few still ongoing operations have also been active for quite long periods. Annex Table 5 shows IEG ratings for ten projects exiting on or after FY10 – six of these were rated Satisfactory for outcomes, and four Moderately Satisfactory, giving 100 percent Satisfactory on the binary scale, significantly better than for projects in the region as a whole (Annex Table 6). The risks to development outcome were rated Moderate in eight cases and Significant for just two operations. Annex Table 7 shows a stable portfolio performance over the period, with the number of projects at risk varying between nine and twelve (nine in 2014), although in percent the projects at risk increased in relation to a declining size of the overall portfolio. The disbursement ratio (Annex Table 8) has also been quite stable. Annex Table 2 shows the latest available supervision ratings – for the 21 projects approved during the CPS period plus previous projects scheduled for closing FY15 or later 12 are rated Satisfactory, seven Moderately Satisfactory and only two Moderately Unsatisfactory. These ratings are broadly in line with the IEG project ratings for completed projects. 12. During the review period (FY10-14), IFC had total net commitments of $909.5 million across 29 investments. By industry group, financial markets comprised $729.7 million (80%), of which the short-term global trade finance guarantee program (GTFP) accounted for $679.7 million (75% of total commitments over FY10-14) together with $50 million loans to existing IFC bank clients. IFC had notable exposures to the extractive sector for $103 million (11.4%), while the manufacturing sector comprised $54.9 million (6%). Although IFC made commitments to different sectors in FY11 and FY12, IFC’s net commitments were highly concentrated during the last two fiscal years of FY13 and FY14 on GTFP for $564 million (98.5% of total IFC net commitment for these two years). The available information does not indicate how much of these commitments could be classified as export-oriented as had been stated in the CPS as an IFC priority, but during the CPSCR review process, IFC provided additional information in support of the claim that 76 percent of GTFP supported exports. 13. No IFC investments were evaluated by IEG over the review period. As measured by IFC’s self-monitoring system of Development Outcome Tracking System (DOTS), 15 out of 16 companies rated in FY14 received mostly successful or higher overall development outcomes (DO) ratings with the high success rate of 94 percent. In comparison, IFC’s overall (world-wide) DO success rate in FY14 was 64 percent while LAC region had a 67 percent success rate. As a measure of clients’ contributions to private sector development, all 16 companies in Argentina received DOTS private sector development (PSD) impact ratings of satisfactory or better, which was better than IFC’s overall un-weighted average of 73 percent for PSD. During the review period, IFC concentrated on supporting existing IFC clients, a cautious approach that contributed strongly to the excellent DOTS scores. 14. MIGA has not issued new contracts for investments in Argentina since 2001 pending resolution of a matter with the Government related to the payment of a claim. Analytic and Advisory Activities and Services 15. The CPS laid out a program for analytical services, although the annex referred to in the text of the CPS (para 92) was not included in the document. Annex Table 3 shows a total of 13 pieces of economic and sector work (ESW) and 22 pieces of technical assistance (TA). Overall, the delivered program was substantial and broadly aligned with the focus areas for the Bank’s lending. However, some important items of ESW planned in the CPS were not delivered, such as the Country Economic Memorandum, Country Environmental Assessment and report on Public Sector Management. Also, as pointed out in the CPSCR, a substantial amount of knowledge work was performed as part of the implementation support for lending projects, but overall the TA program may have been too scattered across areas and may have lacked a more programmatic and strategic focus. The CPSCR also notes that some products lacked a well designed dissemination plan, although this improved in the later parts of the program. The CPSCR also refers to several items that received good attention in Argentina and beyond. For Official Use Only CPSCR Review 7 Independent Evaluation Group 16. Neither the CPS nor the CPSPR discussed IFC advisory service (AS) projects for the CPS review period. Two projects were active early in the period for in all $700,000 in total funds. One of these was terminated in FY12. The project had the objective of providing best-practice training to the client’s suppliers and increasing their access to credit. However, the project was mutually terminated due to a lack of demand for training and the client’s decision to work with another lender. The other AS project was completed in FY10 and addressed income-gathering opportunities and municipal capacity building in Northern Argentina. IEG’s validation rated the project mostly successful for its overall development effectiveness. The CPSCR does not discuss the reasons why the demand for AS projects was low in Argentina during this period, but the country te am has pointed to the country’s deteriorating investment climate during the period and to the lack of donor appetite to fund AS in the country. Partnerships and Development Partner Coordination 17. The CPS mentioned that the Argentine authorities had encouraged a division of labor between the Bank and the Inter-American Development Bank (IDB), and there was strong coordination between the two entities especially on fiduciary matters. The Bank also liaised with the CAF (Corporacion Andina de Fomento), but less rigorously since they were active in different sectors from Bank. The CPSCR does not indicate that these relationships changed significantly during the CPS period. Neither the CPS nor the CPSPR identified any areas for Bank-IFC cooperation in Argentina, and the CPSCR does not indicate any areas of IFC collaboration with other development partners. Safeguards and Fiduciary Issues 18. The CPSCR does not mention any issues regarding safeguards. However, during the period FY10-14 the Inspection Panel received two requests, both concerning infrastructure projects. In one case the Panel did not register the request because at the time of it being submitted to the Panel, the disbursements of the loan financing the project exceeded 95 percent. In the other case the Panel did not recommend an investigation of the issues raised in the request with regard to a specific subproject which, according to Bank management, was not being considered for financing under the project in question. The CPSCR reports that fiduciary concerns were moderate during the CPS period, but with some challenges arising from gaps in the control environment, inconsistent enforcement of rules, difficulties in implementing external audit recommendations, and with the Bank’s significant subnational operations having brought additional fiduciary challenges. However, the Integrity Vice Presidency (INT) has carried out several investigations on projects in Argentina during the FY10-14 period, and one project is currently under investigation. For two projects INT did not collect sufficient evidence to substantiate the allegations made, but found in both cases strong indications of inappropriate practices such as conflict of interest or collusive practices. In a third case INT found misrepresentation of credentials and submission of fraudulent invoices in a supplying joint venture, and fabricated procurement processes to create an impression of real competition. These experiences together with other governance indicators (Argentina was rated as number 106 out of 177 countries under the Transparency International 2013 Corruption Perception Index, much worse than e.g. neighboring Chile and Uruguay) indicate that it was appropriate for the Bank to include Improved Governance as one of its three pillars. However, this pillar was quite modest in its objectives and IEG rates its outcome as Moderately Unsatisfactory. Overview of Achievement by Objective: 19. There were three pillars: 1. Sustainable Growth with Equity; 2: Social Inclusion; and 3: Improved Governance. The discussion below uses the CPSPR version of the results matrix. With some exceptions, the CPSCR does not state when measures/indicators were met, but the context of the report indicates that this would normally be by the end of FY12. For Official Use Only CPSCR Review 8 Independent Evaluation Group Pillar 1: Sustainable Growth with Equity 20. Objective 1: Upgrade Argentina’s infrastructure to address constraints on competitiveness, and underpin medium-term growth and poverty alleviation: I. Transport network improvements achieving a steady state as indicated by at least 90% of national and provincial paved non-concessioned roads in good condition and no deferred maintenance factors affecting the network . Mostly Achieved:  CPSCR reports that 98 percent of roads are in good or fair condition – although the percentage of roads in fair condition is not reported separately; 11,000 km of the national network managed through the CREMA (Recovery and Maintenance Contracts) system (milestone target was 16,700 km) and also 1,260 km of the provincial system (milestone target 2,104 km). II. Increase capacity in key segments of the network . Achieved:  135 km of dual carriageways constructed (target was 136 km). III. Help build institutional capacity of the National Road Safety Agency in the first phase of a longer-term national objective of reducing the severity and number of road accidents in Argentina. Achieved:  National driver license registry established and operational in 20 provinces.  National traffic records system created and active, with data reporting from ten provinces.  National Road Safety Observatory has been created and is operational. IV. Contribute to increased investments in public transport together with a rationalization of the current subsidy scheme. Not Achieved:  Targeted milestone was for transport infrastructure investments in medium sized metropolitan areas (Tucuman, Mendoza and Posadas) to lead to significant service improvements. CPSCR states that operation became effective late in the CPS period. No information re service improvements or regarding subsidy scheme. V. Strengthening of institutional planning capacities in the Buenos Aires Metropolitan Region and selected medium-size cities. Partly Achieved:  Target was for establishment and initial operation of a Public Transport Agency in the Buenos Aires Metropolitan Region. This agency has not yet been officially established, but a seed unit has been created with staff trained.  Three out of the targeted four medium-sized metropolitan areas have updated their origin- destination household surveys, and the fourth is in progress. VI. Increase rural access to electricity supply and promote energy efficiency while contributing to redress of climate change issues. Achieved:  Target was for 25,600 rural households to be electrified by 2012 – this was 98 percent achieved (25,071), and for 2,000 rural schools to be electrified by that time – this was 95 percent achieved. VII. Integrated clean-up of the Matanza-Riachuelo River Basin, consisting of sanitation, industrial pollution abatement, rehabilitation of low-income neighborhoods, and flood risk reduction. Partly Achieved:  Multi-jurisdictional authority established and in charge of the program.  Construction of trunk collection, transmission, treatment and disposal infrastructure not started as of July 2014. For Official Use Only CPSCR Review 9 Independent Evaluation Group VIII. Expand water and sewage coverage for poor residents in selected areas of Buenos Aires (BA) Province. Mostly Achieved:  Indicator: Initiate pilot plans for the rehabilitation of water and sewage coverage for low- income neighborhoods in BA Province: CPSCR: Pilot plans initiated in two neighborhoods.  Indicator: Expand water and sewage coverage for 128,000 poor residents in areas of BA Province with high sanitary or environmental vulnerability: .CPSCR: Water connections for 34,698 people in poor areas, available sewerage connections for 298,368, and active sewerage connections for 112,200. IX. Reducing flooding vulnerability in selected urban and rural areas. Partly Achieved:  Indicator: Initiate a program for strengthening water service providers in the Northern region with the expectation to increase water coverage for about 32,000 additional beneficiaries in the medium term: CPSCR: A strengthening plan has been designed and is under implementation for water utilities in Chaco and Tucuman, and is in process for Formosa. Construction of some works has started.  Indicator: Reduce flood risk in the City of BA to once every ten-year events for a population of about 100,000 people living in the most critically flooded areas in the Maldonado Basin: CPSCR: An area of 3,680 ha is protected, reducing flood vulnerability for 287,000 people – number will increase to 400,000 once all works are completed.  Indicator: Reduce flood risk for a population in Chaco, Corrientes, and Santa Fe provinces of about 150,000 persons and covering an area of about 8,500 ha. CPSCR: At project closure, about 343,000 people in critical areas had directly benefited from reduced incidence of flooding. X. IFC Investments in Support of Port Infrastructure. IFC committed $11.1 million in support of port infrastructure to two private terminal operators in Buenos Aires, with follow-up loans with IFC’s existing clients in this sector. These companies have been operating profitably with satisfactory overall development outcome ratings by DOTS, noting that the investments helped to reduce port congestion, enhance the efficiency of service to importers and exporters, and improved the quality of service to cruise traffic 21. The CPSCR lists various projects as contributing to this objective, together with one piece of AAA: Energy Prices in Argentina of FY13. Overall, Objective 1 was Mostly Achieved, in spite of some weaknesses. 22. Objective 2: Improve competitiveness, quality and exports of agriculture and livestock production: I. Contribute to increasing beneficiaries’ household incomes through improvements in farm productivity, expanded output, and diversification to crops with higher added value. Achieved (although no indicators measured changes in household incomes):  Provincial Agricultural Development Strategies designed and under implementation in at least 12 provinces: Completed – designed and implemented in 18 provinces.  55,000 ha of increased land area under cultivation in project irrigation areas, achieved through six subprojects: Completed – 55,156 additional ha of land under cultivation – a 66% increase from baseline.  210,000 tons of additional aggregate production achieved through four subprojects: Completed - 210,646 tons of additional production – a 109% increase from baseline of 193,790 tons.  Increased agricultural productivity in project areas: 80% (grapes) to 198% (vegetables) yield (kg/ha), achieved by irrigation subprojects in Mendoza: Completed. For Official Use Only CPSCR Review 10 Independent Evaluation Group  Comment: The Bank program may have achieved good results in specific areas, but this may not have been associated with overall agricultural performance during the CPS period, as indicated by the EIU that shows growth in the contribution of the sector to GDP in 2010, declines in 2011 and 2012, and growth in 2013. Further, an article in The Economist of January 15, 2014, drawing on data from the US Department of Agriculture and other sources, stated that government interventions have turned the agricultural sector into a source of weakness, noting that wheat production has declined from nearly 16 million tonnes in 2005 to 8.2 million tonnes in 2013, while its cattle stock has declined from 57 million heads in 2007 to 51.7 million by mid 2013. II. Support a strategy for poor rural communities that may lead to improved infrastructure, increased production of agricultural products for family consumption, and increased value added and diversification of production. Achieved:  Increased agrifood exports value and its participation in national exports. Completed. Export volumes for six products from PROSAP (Provincial Agricultural Development Project) areas increased by 25 percent (apples) to 1,173 percent (strawberries), and with 47 percent increase in fruit exports from Mendoza irrigation areas.  Target: Satisfactory outcomes for 72,000 beneficiaries and satisfactory sub-projects completions for a target of 12,000 agrifood sub-projects. Completed – 73,953 farmers have benefitted and 10,736 subprojects have been completed. III. IFC investments: In addition, the CPSCR mentions two supporting IFC activities:  IFC supported an existing client - a major key citrus producer which has operations in rural areas of Argentina.  IFC also provided existing client banks with short-term trade guarantees, portions of which supported small-and medium enterprises (SMEs). Given the difficult market conditions in the country, IFC’s supports through GTFP to mid-sized banks were considered relevant. However, evidence from self-monitoring of DOTS and other internal documents such as credit risk ratings are insufficient to conclude whether IFC’s GTFP and term loan financing actually contributed to the increase in client lending to SMEs as claimed in CPSCR, in the absence of independent verifications of such claims. For example, IFC’s client bank received loan prepayments from agribusiness SMEs and then experienced difficulties in on-lending again from IFC’s credit facility to such SMEs within the required period. IEG notes that while IFC contends that 80 percent of GTFP supported development of SMEs, these claims require substantiating evidence. We note that IFC uses the transaction amount as a proxy to measure GTFP’s support for SMEs. However, as based on a review of DOTS and IFC credit risk rating data, it is not possible to verify these claims. 23. The CPSCR lists primarily two projects as contributing to this objective: PROSAP I and II (Provincial Agricultural Development Projects). Overall Objective 2 was Achieved. 24. Objective 3: Address a growing problem of resource degradation. I. Increase investments in integrated urban solid waste management: Achieved, in spite of lack of clarity regarding third bullet:  Indicator: 11 provincial and municipal solid waste management plans completed by 2012. CPSCR: 13 plans completed.  Indicator: At least three sanitary landfills built. CPSCR: Two landfills built, one under construction, and complementary works completed on four landfills.  Indicator: At least 40 dumpsites closed by 2012. CPSCR: 71 micro-dumpsites have been closed. The possible differences between dumpsites and micro-dumpsites have not been explained. For Official Use Only CPSCR Review 11 Independent Evaluation Group  Indicator: At least three solid waste recovery and transfer plants. CPSCR: Four transfer stations built and operational. II. Improving the policy and planning frameworks for management of forest resources. Not Achieved:  Indicator: Policy and incentive framework for sustainable forestry management in place, including funds available to small-scale producers for conservation, tree planting, and sustainable forestry management. CPSCR: A system to control illegal logging in the Chaco is under way, four regional monitoring units are being installed, and a plan for reform of the Forestry Directorate is under review. No mention of whether funds to small producers for conservation have been made available. III. Upgrading park management infrastructure and sustainable development opportunities in and around parks. Not Achieved:  Indicator: Increased financial and institutional capacity of the National Parks Authority in ensuring the protection of parks in a context of growing tourism activities. CPSCR: Major infrastructure for one park is 95 percent complete, and there has been progress for works for other parts. But there is no mention whether the financial and institutional capacity of the National Parks Authority has increased. IV. Environmental plans for containment of uranium mining tailings developed. Partly Achieved:  Indicator: Mining sector environmental risk management policies of CNEA (National Commission of Atomic Energy) and the Secretaries of Mining and Environment strengthened. CPSCR: Does not report on risk management policies, but states that 100 percent of CNEA laboratories have implemented ISO procedures and have been certified.  Indicator: Containment system for uranium mining tailings completed and monitoring in place at Malargüe site. CPSCR: 80 percent of planned site remediation works completed.  Indicator: Environmental management plans (remediation, monitoring and consultation) prepared for seven other CNEA sites (closed uranium mines and/or processing plants). CPSCR: Only Malargue site has environmental management plans. V. Increase access to international carbon markets. Partly Achieved:  Indicator: Argentine Carbon Facility in SAyDS (Secretaria de Ambiente y Desarrollo Sustenable) strengthened in capacity to advise and process CDM Project. CPSCR: No reference.  Indicator: CDM projects’ contribution to CO2 reductions of about 300,000 tons annually. CPSCR: Construction of a gas recovery and flaring system has been completed but no evidence available as yet of emission reductions.  Indicator: Eliminate an additional 109 tons of Ozone Depleting Substances (ODS). CPSCR: The original target has been achieved. Baseline of 2,778 already eliminated, with target of 2,887 tons total. 25. The CPSCR lists a number of projects as contributing to these outcomes. Overall, Objective 3 was Partly Achieved. The three objectives under Pillar 1 were Mostly Achieved, Achieved, and Partly Achieved, respectively – for an average rating for Pillar 1 of Moderately Satisfactory. Pillar 2: Social Inclusion 26. Objective 4: Reduction in poverty by supporting the government in a long term strategy for social protection: I. Support to Government efforts in developing and implementing a Universal Social Protection For Official Use Only CPSCR Review 12 Independent Evaluation Group Strategy for most vulnerable groups. Achieved, in spite of second indicator not yet fully met.  Indicator: Establishment of a universal allowance for vulnerable children (UAVC) less than 18- years-old, conditioned on compliance with education and health requirements. CPSCR: UAVC has been established with at least 3.6 million beneficiaries.  Indicator: Coverage under the UAVC benefits at least 90% of eligible population. CPSCR: Coverage under UAVC benefits is greater than 80 percent of eligible population. Full target expected to be achieved by project closing date. II. Integrating marginalized groups into the productive marketplace. Partly Achieved, because of gap in progress under first indicator:  Indicator: Award of 100,000 primary and secondary education certificates of adult education. CPSCR: 52,413 such certificates have been awarded – so about half of target.  Indicator: Participation of 250,000 workers in competency-based training courses. CPSCR: A much higher number – almost 340,000 – have benefited from such courses.  Indicator: Certification of 70,000 workers meeting competency-based occupational standards. CPSCR: Almost 87,000 workers have been certified. 27. Together with several projects (most importantly Basic Protection Project) the CPSCR also lists several pieces of TA as contributing to this objective, including on gender equity in the private sector and on employment inequality. The two outcomes under this objective were rated Achieved and Partly Achieved, respectively – overall, Objective 4 was Mostly Achieved. However, it would have been useful to link the Bank’s activities more closely to overall poverty trends in the country. In this regard, a report from the Catholic University of Argentina – Barometro de la Deuda Social Argentina – found a mixed picture, with an important reduction in the poverty rates between 2010 and 2011, followed by an increase in 2012 and 2013. 28. Objective 5: Consolidate improvements in health indicators and improve quality . I. Provision of provincial health insurance coverage for maternal child health beneficiaries (mothers up to 45 days after delivery and children up to 6 years) . Achieved:  Indicator: Beneficiaries of provincial health insurance coverage for maternal child health by December 2011 to be 1.7 million, corresponding to about 80% of the eligible population. CPCSR: As of December 2012, 1.97 million beneficiaries were covered – representing 97 percent of the eligible population. II. Provision of selective insurance coverage for vulnerable groups (children up to 19 years, women up to 65 years). Achieved:  Indicator: Insurance coverage of vulnerable groups. No baseline or targets. CPSCR: Insurance coverage increased from 7 percent to 66 percent of eligible population. III. Improve effectiveness of Federal Public Health system in delivering results under seven priority health programs, including breast and cervix cancer, diabetes, vaccine preventable diseases, HIV/AIDS, and tuberculosis. Partly Achieved:  Indicator: Autochthonous measles cases to be maintained at zero. CPSCR: Two imported cases reported, and not autochthonous.  Indicator: Congenital rubella cases should decline to zero at the end of the project. CPSCR: No cases reported.  Indicator: Prevalence of smoking has declined from 33% (baseline) to 30.1%.  Indicator: Argentina to certify the interruption of vectoral transmission in 90% of its provinces with Chagas disease (17 out of 19 provinces). CPSCR: Five provinces certified.  Indicator: 85% of provinces to be accredited for public health functions and programs developed with a minimum standards and norms for all ten prioritized programs. CPSCR: An For Official Use Only CPSCR Review 13 Independent Evaluation Group instrument to accredit provinces for essential public health functions for the ten prioritized programs was finalized in 2011 and applied once in 22 provinces throughout 2011 with results certified by a technical audit. IV. Strengthen leadership of MoH (Ministry of Health) and health sector governance. Partly Achieved:  Indicator: Establishment of a National Health Policy Observatory aimed at improving the quality and access to information related to the performance and results attained by the health system in Argentina. CPSCR: Establishment is pending government decision.  Indicator: Governance and Accountability Action Plan (GAAP) to be agreed and under implementation by the Ministry of Health. CPSCR: GAAP agreed and under implementation. 29. The CPSCR mentions as Bank contributing activities the Provincial Maternal-Child Health APL 1, the Provincial Health Insurance project, and the Essential Public Health Functions I and II projects. Two of the four outcomes were Achieved and two Partly Achieved. Overall, Objective 5 was Mostly Achieved. 30. Objective 6: Reduce disparity in educational attainment between the urban and the rural sector: I. Improve completion rates for students in lower secondary rural education (grades 7-9). Achieved:  Indicator: Increased school enrollment for children age 5. Baseline (provided only in the CPSCR) was 15,861 children not enrolled in 2004. CPSCR: Number has declined to 6,265, below the target of 7,921.  Indicator: Improve promotion rate in rural areas from EGB1 (grades 1-3) to EGB2 (grades (4- 6) from 76% to 85% by April 2011. CSPCR: Promotion rate in EGB1 in rural areas 86 percent (November 2010).  th th Indicator: Increase students completing the 7 grade and moving to the 8 grade of schooling in rural areas from 73% to 85% by April 2011. CSPCR: As of November 2011, the access rate reached 84 percent. . 31. This objective was supported by Rural Education Improvement project. Objective 6, with only one outcome, was Achieved. 32. Objective 7: Realign (better alignment of) educational policy and practices with emerging challenges: I. Existence of critical mass of policy and school-based innovations. Not Achieved:  Indicator: At least one school-based innovation fully assessed and mainstreamed by 2015. CPCSR: Policy dialogue began 2011/12.  In addition (although under a different objective) the CPSCR mentions that IFC support contributed to a total enrollment of 22,162 students in tertiary education. However, attribution analysis needs to be carried out to determine how much of IFC’s financing contributed to a growth in enrollment..  Comment: While not mentioned in the CPSCR, both Objectives 7 and 6 should be seen against an apparent stagnation in educational attainments in Argentina as per the latest (2013) scores from PISA (OECD’s Programme for International Student Assessment) – th showing Argentina ranking as the 59 out of 65 nations and with no apparent improvement since year 2000. II. Increase understanding of linkages between tertiary education and labor markets. Achieved: For Official Use Only CPSCR Review 14 Independent Evaluation Group  Indicator: Dissemination event to discuss with key stakeholders the main findings of a study on the linkages between tertiary education and labor markets. CPSCR: Dissemination event was held with key stakeholders in FY12. However, such process steps do not belong among outcome indicators. 33. The CPSCR lists as contributing Bank activities lending and policy dialogue and AAA on Higher Education and Education Sector Review. The above outcomes show one Not Achieved and one Achieved, but the second as a simple process step should not have been included among outcome indicators and is therefore not taken into account. There are no indications that educational policy and practices have been aligned, so Objective 7 was Not Achieved. IEG rates the four objectives under this pillar as Mostly Achieved (two), Achieved, and Not Achieved. Overall, therefore, Pillar 2 is rated Moderately Satisfactory. Pillar 3: Improved Governance 34. Objective 8: Expand performance management and improve the quality of public expenditure, enhance service delivery outcomes and build trust in institutions : I. National level: More transparent government decision-making processes, increased access to government-related information, and improved service delivery by strengthening the efficiency, effectiveness, and transparency of ANSES (national Social Security Administration), SYNTyS (Social and Fiscal National Identification System), Chief of Cabinet Office . Mostly Achieved:  Indicator: Consolidate and expand organizational reform of ANSES aimed at improving customer satisfaction with service delivery, including increased decentralization, timely determination of benefits, and reduced claims against ANSES benefit determination. CPSCR: Customer satisfaction grew from 45 percent to 86 percent between 2005 and 2012; Average time in the provision of new benefits declined from 140 to 75 days; Level of quantitative errors in pension reports is down to 5.68 percent. (Note: no baselines given in CPSPR.)  Indicator: Percentage of physical persons that can be identified univocally by SINTyS to increase to 92 percent (no baseline given). CPSCR: Target of 92 percent achieved as of June 2012.  Indicator: Percent of civilian national executive branch employees covered by SINFO (centralized personnel registry). Personnel data that appear in SINFO and LUPI (Unique File) systems are consistent. CPSCR: SINFO covers now 70 percent of these employees, up from 25 percent. Target is 90 percent. LUPI is still in development.  Indicator: The number of Government agencies and programs using consistent common processes to identify entities and assets to increase. Baseline and target were not given in the CPSPR. CPSCR: The number of government agencies increased from 16 in 2008 to 91 in June 2013.  Indicator: Electronic directory of Government procedures should include 20% of procedures that have been simplified and can be electronically processed. Progress to be made toward offering transactional services. CPSCR: Not simplified as yet. Two transactional serviced have been implemented with two more in process.  Indicator: User surveys showing improved service delivery in the agencies that have implemented the Citizens’ Charter. CPSCR: User surveys show more than 70 percent increase in service delivery satisfaction in the agencies implementing the Charter. II. Subnational level: Provide customized support and capacity building to subnational governments on public expenditure management, tax administration, and public service delivery. Partly Achieved:  Indicator: In at least one province, the time for key services and administrative processes has been reduced from 15 to 10 days. CPSCR: In two provinces the evaluation report is published in ten days. [It is not clear whether th is refers to “key services and administrative For Official Use Only CPSCR Review 15 Independent Evaluation Group processes” or just to one specific report.]  Indicator: In at least one province, the percentage of public employees included in the integrated personnel information and pay systems has increased from 0 to 30%. CPSCR: This has taken place in the province of Chubut.  Indicator: Province of La Rioja has increased: (i) local tax revenue; (ii) share of budgeted primary expenditures executed; (iii) share of budgeted projects that are drawn from the provincial development plan; (iv) proportion of competitive bidding; and (v) efficiency in the management of irrigation water supply systems. CPSCR: Local tax revenue increased 2011- 2012 from 159 to 222 million pesos and the efficiency in water irrigation systems started to improve. The reported results are not comprehensive and no evidence exists for several dimensions of the indicator.  Indicator: Province of La Rioja: Diagnostic Work to be prepared in tax administration, public financial management (PFM), public expenditure management, and procurement. CPSCR: Diagnostic work was completed but a stand-alone piece was not delivered.  Indicator: Province of La Rioja Draft Public Procurement Law prepared. CPSCR: Law has not been prepared.  Indicator: Provinces of Buenos Aires, Cordoba, San Juan, and Santa Fe: diagnostic work in PFM to be prepared. CPSCR: This diagnostic work was prepared. 35. The CPSCR mentions as contributing Bank activities Bank ANSES and SINTyS projects, the State Modernization II project, Subnational Governments Public Sector Modernization project, La Rioja SWAp and TA for Improving Productivity and Investment Climate Prospects. The two outcomes are rated by IEG as Mostly Achieved and Partly Achieved, respectively. Taking into account the several individual indicators not met, IEG rates Objective 8 as Partly Achieved. 36. Objective 9: Strengthen the capacity of the government to prepare, approve and implement investment projects in line with the requirements of a medium-term investment partnership: I. Improved approval procedures of projects at the national level . Partly Achieved:  Indicator: Time of approval of loans by the Government is reduced to a maximum period of 4 months, aligning it with the approval of the loan by the Bank. CPSCR: Average time between Bank approval and effectiveness of loans was reduced from 12 months (FY07-09) to ten months (FY10-12). II. Improved design, preparation, and approval procedures of projects at the subnational level. Not Achieved:  Indicator: Time for approval of loans at the subnational level is reduced to a maximum of six months, aligning it with approval by the Bank and at the national level. CPSCR: Average time between Bank approval and effectiveness of loans increased from 12 months (FY07-09) to 19 months (FY10-12). III. Improved procurement capacity of agencies implementing investment projects . Partly Achieved:  Indicator: Percentage of Procurement Policy Reviews (PPRs) rated satisfactory. CPSCR: 28 percent of projects under execution reflect a Satisfactory rating in procurement, and 52 percent reflect Moderately Satisfactory (2010-12) against target of 80 percent rated Satisfactory.  Indicator: Percent of PPRs confirming that qualified procurement staff have been appointed: CPSCR: No information received.  Indicator: Percent of procurement contracts processed as planned. CPSCR: No information re indicator. (CPSCR informs instead of a procurement-oriented action plan under For Official Use Only CPSCR Review 16 Independent Evaluation Group implementation in the Ministry of Health.)  Indicator: Percentage of projects providing reliable information on contracts and financial transactions (information available in a consolidated system to be used by implementing agencies, the government and international financing agencies for monitoring purposes). No baseline. CPSCR: 100 percent of projects provide updated information on procurement, which is available in a consolidated system. 50% of projects provide reliable information on contracts and financial transactions, and this information is available in a consolidated system to be used by implementing agencies, the Government, and the IFIs for monitoring purposes. IV. Improved fiduciary risk monitoring systems. Mostly Achieved:  Indicator: Adjustment of existing risk-assessment tools to ensure strategic focus on project fiduciary risks and results. CPSCR: (i) Price monitoring mechanism in place in works contracts and applied by PIUs in their bidding evaluation forms since 2007. (ii) Governance and accountability plan designed for health projects and ready to be applied for other projects if required. These seem to be less than the full universe of risk monitoring systems.  Indicator: Framework agreement for phasing out PIUs. CPSCR: Being applied for new projects. Some specific FM arrangements also mentioned. V. Improved safeguards capacity of agencies implementing investment projects. Achieved:  Indicator: High level government officials, project coordinators and safeguard specialists in implementing agencies trained. CPSCR: Such training supported by the Bank delivered. (Although it is not fully clear that such training can be considered a fully satisfactory proxy for improved capacity.) VI. Improved dialogue between central agencies and the Bank on safeguards and strengthening of coordination role by central agencies. Partly Achieved:  Indicator: Gap Analysis between country systems and Bank policies to be carried out. CPSCR: gap analysis between environmental and social country systems and safeguards and sustainability policies of the Bank completed.  Indicator: Model documents for environmental and social safeguard compliance adopted. CPSCR: The gap analysis is being used in selective operations in the Argentina portfolio. This does not seem to correspond fully to the indicator. VII. Reduce portfolio riskiness. Not Achieved:  Indicator: Reduce APPs (Actual Problem Projects) to 5% in number and 14% in amount. No baseline. CPSCR: APPs 15 percent by number and seven percent by amount (FY12). Potential Problem Projects (PPPs): ten percent by number and 14 percent by amount (FY12). Risk flags: 13 percent of projects have procurement flags and 20 percent of projects have slow disbursement flags. VIII. Maintain adequate levels of project execution (i.e., 30% ratio of disbursements over signed contracts for infrastructure portfolio) and zero net transfers . Partly Achieved:  Indicator: Achieve disbursement targets of around $800 million and 25% disbursement ratio average during CPS period. CPSCR: Average disbursements reached $828 million and disbursement ratio reached 21 percent during CPS period.  Indicator: Do not exceed $50 million net transfers in CPS FYs. CPSCR: Net transfers equaled $6 million in FY10-12. 37. This objective seems to be mostly about the management of Bank projects in Argentina, and might have been better addressed outside of the results matrix for the country. Many of the indicators were introduced only in the CPSCR, which lists as contributing Bank activities training events, TA on safeguards gap analysis, continuous capacity-building activities in Bank fiduciary and safeguard rules. For Official Use Only CPSCR Review 17 Independent Evaluation Group Overall, IEG rates the achievement of Objective 9 as Partly Achieved, but the findings from several INT investigations in Argentina (para 19) indicate that significant further steps are required concerning fiduciary aspects. IEG rates both the two objectives under Pillar 3 as Partly Achieved, and thus the outcome under Pillar 3 is rated Moderately Unsatisfactory. In SUMMARY: Objectives CPSCR IEG Rating Rating Pillar I: Sustainable Growth with Equity NA Moderately Satisfactory Objective 1: Upgrade Argentina’s infrastructure to address NA Mostly Achieved constraints on competitiveness, and underpin medium-term growth and poverty alleviation Objective 2: Improve competitiveness, quality and exports NA Achieved of agriculture and livestock production Objective 3: Address a growing problem of resource NA Partly Achieved degradation Pillar 2: Social Inclusion NA Moderately Satisfactory Objective 4: Reduction in poverty by supporting the NA Mostly Achieved government in a long term strategy for social protection Objective 5: Consolidate improvements in health indicators NA Mostly Achieved and improve quality Objective 6: Reduce disparity in educational attainment NA Achieved between the urban and the rural sector Objective 7: Realign educational policy and practices with NA Not Achieved emerging challenges Pillar 3: Improved Governance NA Moderately Unsatisfactory Objective 8: Expand performance management and improve NA Partly Achieved the quality of public expenditure, enhance service delivery outcomes and build trust in institutions Objective 9: Strengthen the capacity of the government to NA Partly Achieved prepare, approve and implement investment projects in line with the requirements of a medium-term investment partnership 4. Overall IEG Assessment CPSCR Rating IEG Rating Overall Outcome: Fair Moderately Satisfactory IBRD Performance: Fair (WBG) Fair IFC Performance: NA Good Overall outcome: 38. IEG rates the overall outcome of WBG support as Moderately Satisfactory. The CPSCR has used a different rating scale. For Official Use Only CPSCR Review 18 Independent Evaluation Group 39. During the period, under Pillar 1 the condition of national and provincial roads system was strengthened, while there were major improvements for road safety. The CPSCR reports a decline in road fatalities by 43.2 percent between 2008 and 2013, with substantial increases in the use of seat belts and helmets. The Bank also supported improvements in urban infrastructure and in rural access to electricity, and increased agricultural productivity in project areas. Under Pillar 2 the Bank supported progress for stronger social inclusion including through a universal child allowance, and health insurance for marginal groups- including almost two million beneficiaries for maternal and child health insurance coverage, and the training of large numbers of marginalized workers. There has also been some improvement in governance at the provincial and national levels in Pillar 3, although a number of the indicators under this pillar were partial (such as improvements in one province) or process-oriented (including one objective focusing on Bank projects). IBRD Performance: 40. IEG rates IBRD’s performance as Fair. The Bank prepared and implemented a large and relevant program for a country with some special difficulties and a history of strained relations with international financial institutions. The lending program was supported by a substantial program of knowledge activities that addressed important issues for Argentina’s economic and social development, although perhaps spread over too large an area. All available indicators including for projects still under implementation indicate that on average project design and implementation has been of substantial quality. The CPS results framework could however have been stronger in several respects, the indicators were typically not linked to broader policy issues or economic or sectoral trends, and the inclusion of Objective 9 with its focus on Bank operations seems overdone. Importantly, however, the lending program came to a halt in 2011 – a year before the formal expiration of the CPS – and has not yet started up again. This caused an inevitable hiatus in the work program (although ongoing operations continued to be implemented) – the reasons and effect of this hiatus are not discussed in the CPSPR. IFC Performance: 41. IEG rates IFC’s performance as Good. Despite difficult market conditions, IFC has been able to maintain a healthy investment portfolio as reflected by excellent DOTS scores. Its cautious strategy of supporting existing and well-established clients was sound, given uncertainties regarding exchange rate movements and the government’s policy towards the private sector. Moreover, IFC made sound changes to its investment operations by adjusting its program focus on GTFP given a difficult environment for foreign direct investment. For the last two fiscal years - FY13 and FY14 - IFC did not take long-term loan and equity risks and concentrated on extending short-term GTFP. Development impacts of GTFP on SMEs have not been substantiated in the absence of sufficient information and an independent evaluation to support the claims made in the CPSCR. The CPS had stated that support for export industries would be an IFC priority, but there is not enough evidence for IFC’s support in this area, except that export industries have been among the beneficiaries under the GTFP. Finally, the IFC program was not integrated into the CPS program and in particular not into the results framework for the CPS and the CPS Progress Report. 5. Assessment of CPS Completion Report 42. The CPSCR is concise and well organized, analytical in particular on the broader trends in the specific areas supported by the Bank, and with a clear focus on outcomes rather than Bank inputs and outputs, while recognizing that the Bank’s work can only be one contributing factor to sectoral trends in a large middle-income country like Argentina. In view of the country’s special economic situation and the absence of IMF reports it would have been appropriate for the CPSCR to include an overview of economic policies and trends. Also, the CPSCR has organized the discussion of objectives For Official Use Only CPSCR Review 19 Independent Evaluation Group differently from IEG, it does not explain why there were no new lending operations in FY12 (last year of the formal FY010-12 CPS period), and does not try to discuss the implications for the Bank’s program of no new lending so far for three years. The Bank in this CPS period shifted significantly towards more work including project lending at the provincial level, but the CPSCR discussion in this regard is descriptive more than analytical. The discussion of fiduciary issues is adequate although lacks references to INT investigations, but there is no mention of safeguards. Regarding IFC the principal weaknesses of the CPSCR are its failure to explain the declining amount of new business, the dependence on trade finance (and the total dependence on such finance during FY13-14), and the near total absence of advisory activities. CPSCR Review Annexes Independent Evaluation Group 21 Annex Table 1: Summary of Achievements of CPS Objectives Annex Table 2: Planned and Actual Lending, FY10-FY14 (US$ Million) Annex Table 3: Grants and Trust Funds Active in FY10-FY15 (US$ million) Annex Table 4: Analytical and Advisory Work for Argentina, FY10 - FY15 Annex Table 5 IEG Project Ratings for Argentina, FY10 – FY15 Annex Table 6: IEG Project Ratings for Argentina, Exit FY10-FY15 Annex Table 7 Portfolio Status for Argentina and Comparators, FY10-FY14 Annex Table 8: Disbursement Ratio* for Argentina and Comparators, FY10-FY14 (US$ Million) Annex Table 9: IFC Investments in Argentina *Investments Committed in FY10-FY14 *Investments Committed Pre-FY2010 but Active During the FY10-FY14 Review Period Annex Table 10: IFC Advisory Services for Argentina *Advisory Services Approved in FY10-FY14 *Advisory Services Approved Pre-FY2010 but Active during the FY10-FY14 Review Period Annex Table 11: IFC Net Commitment Activity for Argentina Annex Table 12: Total Net Disbursements of Official Development Assistance and Official Aid for Argentina (US$ Million) Annex Table 13: Economic and Social Indicators for Argentina, 2010 – 2014 Annex Table 14: Argentina: Millennium Development Goals CPSCR Review Annexes Independent Evaluation Group 23 Annex Table 1: Summary of Achievements of CPS Objectives CPS FY010-FY14: Pillar I Actual Results Comments Sustainable Growth with (as of current month/year) Equity Major Results Area: Infrastructure Development Outcome 1. CPS Objective: Improved Transport Network Measures Indicator: Percentage of The CPSCR reports that 98% of roads are in Source: CASCR national and provincial paved good or fair condition and that 16.568 km of non-concessioned roads in good national network were managed through the condition (maintained with CREMA (Performance-based road acceptable average roughness rehabilitation and maintenance contracts) IRI < 4) and no deferred system maintenance factors affecting the network Baseline: Not provided Target: ≥ 90 percent Indicator: Increase capacity in The CPSCR reports that 135 km of dual Source: CASCR key segments of the network. carriageways constructed. Baseline: Not provided The indicator was introduced Target: Not provided in the CPSPR and lacked baseline and target. 2. CPS Objective: Help build institutional capacity of the National Road Safety Agency on the first phase in a longer term national objectives of reducing the severity and number of road accidents in Argentina Indicator: Establishment of a National driver license registry established and Source: CASCR National Driver License Registry operational in 20 provinces. Baseline: No The objective and this Target: Yes indicator were introduced in the CPSPR. Indicator: Establish National National traffic records system created and Source: CASCR Traffic Records and Infractions active, with data reporting from 10 provinces. Registry System The objective and this Baseline: No indicator were introduced in Target: Yes the CPSPR. Indicator: National Road National Road Safety Observatory has been Source: CASCR Safety Observatory in Operation created and is operational. Baseline: No The objective and this Target: Yes indicator were introduced in the CPSPR. 3. CPS Objective: Contribute to increased investments in public transport together with a rationalization of the current subsidy scheme Indicator: Transport Enhanced decision-making tools are in place in Source: CASCR infrastructure investments in several provinces and metro areas, including medium size metropolitan areas surveys, transport models, and strategic plans The objective and this (Tucuman, Mendoza and to ensure that investments are part of the larger indicator were introduced in Posadas) lead to significant strategic framework. the CPSPR. service improvements. Baseline: No Target: Yes 4. CPS Objective: Strengthening of institutional planning capacities in the Buenos Aires Metropolitan Region and selected medium size cities Indicator: Establishment and Seed unit has been created with staff trained. Source: CASCR initial operation of a Public Origin-destination surveys have been Transport Agency in the Buenos completed, and the groundwork has been This indicator was introduced Aires Metropolitan Region. completed. The agency has yet to be officially in the CPSPR. Baseline: No established. Target: Yes Annexes CPSCR Review 24 Independent Evaluation Group Indicator: Four medium-sized 3 of 4 areas have updated the surveys and the Source: CASCR metropolitan areas have fourth one is in progress. updated their origin-destination This indicator was introduced household survey. in the CPSPR. Baseline: No Target: Yes 5. CPS Objective: Increase rural access to electricity supply and promote energy efficiency while contributing to address climate change issues Indicator: Additional number of 25,071 rural households provided with Source: CASCR households electrified with electricity. sustainable electricity services The objective and the Baseline: N/A indicator were reformulated at Target: 25,600 (2012) the CPSPR stage. The target was updated from 25,000 households in the CPS to 25,600 in the CPSPR. No baseline was provided. Indicator: Additional number of The CPSCR reports that 1,894 rural schools Source: CASCR rural schools electrified with were provided with electricity. reliable, renewable electricity The objective was supply by 2012 reformulated at the CPSPR Baseline: N/A stage. The indicator remained Target: 2,000 (2012) the same and no baseline was provided. 6. CPS Objective: Integrated clean-up of the Matanza Riachuelo River Basin of sanitation, industrial pollution abatement, rehabilitation of low income neighborhoods and flood risk reduction Indicator: Establishment and ACUMAR is fully operational and in charge of Source: CASCR operation of a multijurisdictional the CMR program. River Basin Authority The objective and this Baseline: No indicator were introduced in Target: Yes the CPSPR. Indicator: Initiate construction Construction of trunk collection, transmission, Source: CASCR of trunk collection, transmission, treatment and disposal infrastructure has not treatment and disposal started as of July 2014. The objective and this infrastructure for Matanza indicator were introduced in Riachuelo River Basin the CPSPR. Baseline: No Target: Yes 7. CPS Objective: Expand water and sewerage coverage for poor residents in selected areas of Buenos Aires Province Indicator: Initiate pilot plans for Pilot plans have been implemented in 2 Source: CASCR the rehabilitation of low income neighborhoods. neighborhoods. The objective and the Baseline: No indicator were reformulated in Target: Yes the CPSPR. The proposed indicator lacked a quantitative baseline and a target. Indicator: Number of poor The Project improved the provision of WSS Source: CASCR residents with high sanitary or services through financing the construction of environmental vulnerability in 9,045 water supply service lines and 82,508 The objective and the areas of BA province with sewerage service lines in poor areas (works indicator were reformulated in access to water and sewerage targeted the poor through applying the IPMH the CPSPR. The proposed coverage index). These new lines provided water indicator lacked a quantitative connections to 34,698 people, made available baseline and a target. Baseline: No sewerage connections to 298,368 people and active sewerage connections to 112,200 Target: 128,000 poor residents people. 8. CPS Objective: Reducing flooding vulnerability in selected urban and rural areas Annexes CPSCR Review 25 Independent Evaluation Group Indicator: Initiate a program for A strengthening plan has been designed and is Source: CASCR strengthening water service under implementation for water utilities in providers in the Northern region Chaco and Tucuman, and is in process for The objective and this of Argentina with the Formosa. Construction of works for a water- indicator were introduced in expectation of increasing water treatment plant and aqueduct in Pampa del the CPSPR. coverage for about 32,000 Indio in Chaco has started. The sub-project additional beneficiaries in the expects to provide potable water to 48,000 medium term. people. Bids for a second sub-project in Wichi, Chaco, are under evaluation. Baseline: No Target: Yes Indicator: Reduce flood risk in 3,680 ha are protected as a result of drainage Source: CASCR the city of BA from biannual works, reducing flood vulnerability for 287,000 events to once every 10 years people; the number will increase to 400,000 The objective and this events for a population of about once all works are finished (expected in indicator were introduced in 100,000 people living in the December 2014). the CPSPR. most critically flooded areas in the Maldonado Basin. Baseline: No Target: Yes Indicator: Reduce flood risk for At project closure 342,968 people in critical Source: CASCR a population in selected areas directly benefited from reduced incidence provinces (Chaco, Corrientes of flooding associated with up to 10 year rain The objective and this and Santa Fe) of about 150,000 events. indicator were introduced in and covering an area of about the CPSPR. 8,500 ha. Baseline: No Target: Yes Results Area: Towards More Sustainable Rural Development and Environmental Management 9. CPS Objective: Contribute to increasing beneficiaries household incomes through improvements in farm productivity, expanded output and diversification to crops with higher added value Indicator: Provincial Strategic investment plans have been designed Source: CPSCR Agricultural Development and implemented in 18 provinces. strategies designed and under The objective and the implementation in at least 12 indicator were reformulated at provinces. the CPSPR. The original objective proposed in the CPS Baseline: No was “Increase the diversification of production in Target: Yes the agricultural sector by promoting increased productivity and competitiveness of the regional economies”. Indicator: 55,000 ha of 55,156 additional ha of land area under Source: CPSCR increased land area under cultivation in project irrigation areas, achieved cultivation in project irrigation through six sub-projects (66% increase from The objective and the areas, achieved through six baseline) in CH, ER, MZ and TM. indicator were reformulated at subprojects (66% increase from the CPSPR. The original baseline) in CH, ER, MZ and objective proposed in the CPS TM. was “Increase the diversification of production in Baseline: No the agricultural sector by promoting increased Target: Yes productivity and competitiveness of the regional economies”. Annexes CPSCR Review 26 Independent Evaluation Group Indicator: 210,000 tons of 210,646 tons of additional production have Source: CPSCR additional aggregate production been achieved, a 109% increase from the achieved through four baseline of 193,790 tons. The objective was subprojects (109% increase reformulated at the CPSPR. from baseline) in MZ and TM The original objective Baseline: No proposed in the CPS was Target: Yes “Increase the diversification of production in the agricultural sector by promoting increased productivity and competitiveness of the regional economies”. The indicator was introduced in the CPSPR. Indicator: Increased Grapes yields have increased by 80% and Source: CPSCR agricultural productivity in vegetable yields by 188%. project areas: 80% (grapes) to The objective was 198% (vegetables) yield (kg/ha), reformulated at the CPSPR. increases achieved by irrigation The original objective subprojects in Mendoza. proposed in the CPS was “Increase the diversification of Baseline: No production in the agricultural sector by promoting increased Target: Yes productivity and competitiveness of the regional economies”. The indicator was introduced in the CPSPR. 10. CPS Objective: Support a strategy for poor rural communities that may lead to improved infrastructure, increased production of agricultural products for family consumption and increase value added and diversification of production Indicator: Increased agrifood Export volumes for six products from PROSAP Source: CPSCR exports value and its areas increased by 25% (apples) to 1,173% participation in national exports (strawberry). 47% increase in fruit exports from The objective was Mendoza irrigation areas reformulated at the CPSPR. Baseline: No The original objective proposed in the CPS was Target: Yes “Increase the diversification of production in the agricultural sector by promoting increased productivity and competitiveness of the regional economies”. The indicator was introduced in the CPSPR and lacked a quantitative baseline and target. Indicator: Satisfactory 73,953 farmers have benefitted from the Source: CPSCR outcomes for 72,000 operations, and 10,736 sub-projects have been beneficiaries and satisfactory completed. The objective and this sub-projects completions for a indicator were proposed in the target of 12,000 agrifood CPSPR. subprojects. Baseline: No Target: Yes 11. CPS Objective: Increase investments in integrated urban solid waste management Annexes CPSCR Review 27 Independent Evaluation Group Indicator: 11 provincial and 13 plans completed. Source: CPSCR municipal solid waste management plans completed The target was reduced from by 2012. 15 in the CPS to 11 in the CPSPR. Baseline: No Target: Yes Indicator: At least 3 sanitary Two (2) sanitary landfills built (Mar del Plata Source: CPSCR landfills built. and Chubut) and another under construction in Mendoza. In addition, complimentary works The target was reduced from Baseline: No have been completed in 4 landfills. 4 sanitary landfills in the CPS to 3 sanitary landfills in the Target: Yes (2012) CPSPR. Indicator: At least 40 71 micro-dumpsites have been closed (51 in Source: CPSCR dumpsites closed by 2012. Cordoba and 20 in Rosario). The target was reformulated Baseline: No from “At least 5 major solid waste dumpsites closed by Target: Yes (2012) 2012” in the CPS to “At least 40 dumpsites closed by 2012” in the CPSPR. Indicator: At least 3 solid 4 transfer stations built and operational (in Source: CPSCR waste recovery and transfer Rosario, Mar del Plata, and Chubut). plants The indicator was introduced Baseline: No in the CPSPR. Target: Yes 12. CPS Objective: Improving the policy and planning frameworks for the management of forest resources Indicator: Policy and incentive Development of a system to control illegal Source: CPSCR framework for sustainable logging in the Chaco is underway, and 4 forestry management in place, regional monitoring units for forest and The objective and the including funds available to deforestation assessments are being installed. indicator were reformulated at small producers for A plan for reform of the Dirección de Bosques the CPSPR stage. conservation, tree planting and has been completed and is under review by Sustainable Forestry SAyDS (Secretaria de Ambiente y Desarrollo Management. Sustentable). Work with Plantation Forests is gaining momentum but still behind schedule. Baseline: No Target: Yes 13. CPS Objective: Upgrading park management infrastructure and sustainable development opportunities in and around parks Indicator: Increased financial Major infrastructure for Las Quijadas National Source: CPSCR and institutional capacity of the Park is 95% complete. National Parks authority in A contract for infrastructure works has been The objective and indicator ensuring the protection of parks signed for Talampaya Park, and procurement were introduced in the in a context of growing tourism has advanced for infrastructure in Bosques CPSPR. The indicator lacked activities Petrificados and Los Alisos parks. a target date. Baseline: No Sustainable development projects are Target: Yes underway around Talampaya Park. 14. CPS Objective: Environmental plans for containment uranium mining tailings developed Indicator: Mining sector 100 % of the CNEA laboratories where Mining Source: CPSCR environmental risk management Environmental Restoration Project (P110462) policies of CNEA (National analysis are carried out implemented ISO The objective and indicator Commission of Atomic Energy), 17025 procedures and are certified by Comité were introduced in the and of the Secretaries of Mining de Calificación de Laboratorios de CNEA CPSPR. and Environment strengthened. (CoCaLin). Also, the laboratory in San Rafael is certified by the Organismo Argentino de Acreditación (OAA). Annexes CPSCR Review 28 Independent Evaluation Group Indicator: Containment system 80% of planned site remediation works for uranium mining tailings completed in accordance with best international completed and monitoring in practices. place at Malargue site. Indicator: Environmental Only one (Malargüe) CNEA site has management plans environmental management plans applied in (remediation, monitoring and accordance with international best practices. consultation) prepared for 7 other CNEA sites (closed uranium mines and/or processing plants) 15. CPS Objective: Increase access to international carbon markets Indicator: Argentine Carbon Despite consistent delays, the Salta operation Source: CPSCR Facility in SAyDS (Secretaría de is now operational and burning methane to Ambiente y Desarrollo reduce Greenhouse Gas Emissions. The indicator was introduced Sustentable) strengthened and Certification will take place within a year. The in the CPSPR. The indicator in capacity to advise and Olavarría operation has been terminated lacked a baseline and target process Clean Development because of unsatisfactory performance and it is not very specific. Mechanism (CDM) Project Baseline: No Target: Yes Indicator: CDM projects The construction of the LFG (Landfill gas) Source: CPSCR and contribution to CO2 reductions recovery and flaring system had been Argentina Team. of about 300,000 tons per experiencing delays as compared to the original annum. plans (Salta operation). However, is now This indicator updated at the Baseline: N/A operational and burning methane to reduce CPSPR stage. Greenhouse Gas Emissions. Certification will Target: 300,000 tons per take place within a year and is expected to annum reduce the emissions but there is no evidence yet. The Olavarría operation has been terminated because of unsatisfactory performance. Indicator: Eliminate an An additional 1,140 tons have been eliminated Source: CPSCR additional 109 tons of Ozone to date under the sub-project. Depleting Substances (ODS). This indicator was introduced Baseline: 2,778 tons in the CPSPR. Target: 2,887 tons Annexes CPSCR Review 29 Independent Evaluation Group CPS FY010-FY14: Pillar II Actual Results Comments Social Inclusion (as of current month/year) Results Area: Supporting Progress Towards Permanent Safety Nets and Fostering Employment 16. CPS Objective: Supporting the government’s efforts in developing and implementing a Universal Social Protection Strategy for the most vulnerable groups Indicator: Establishment of a UAVC has been established, with at least 3.6 Source: CPSCR universal allowance for million beneficiaries. vulnerable children (UAVC) The objective and the under 18 years old conditioned indicator were introduced in on compliance with education the CPSPR. and health requirements. Baseline: No Target: Yes Indicator: Coverage under the Coverage under the UAVC benefits is greater Source: CPSCR UAVC benefits at least 90% of than 80% of eligible population. Full target eligible population. expected to be achieved by project closing The objective and the date. indicator were introduced in Baseline: No the CPSPR. Target: Yes 17. CPS Objective: Integrating marginalized groups into the productive marketplace Indicator: Award of 100,000 52,413 certificates have been awarded. Source: CPSCR secondary and primary IFC: Client supported 22,162 students enrolled The objective and the education certificates of adult in tertiary education. indicator were introduced in education. the CPSPR. Baseline: No Major Outcome Target: Yes Measures Indicator: Participation of 339,379 workers have benefited from Source: CPSCR 250,000 workers in competency competency-based courses. based training courses. The objective and the indicator were introduced in Baseline: No the CPSPR. Target: Yes Indicator: Certification of 86,946 workers certified. Source: CPSCR 70,000 workers based on competency based occupational The objective and the standards. indicator were introduced in the CPSPR. Baseline: No Target: Yes Results Area: Improving Selected Health and Education Outcomes 18. CPS Objective: Provision of provincial health insurance coverage for maternal child health beneficiaries (mothers up to 45 days after delivery and children up to 6) Indicator: Number of As of December 2012, 1.97 million beneficiaries Source: CPSCR beneficiaries of provincial health were covered representing 97% of the eligible insurance coverage for maternal population. This indicator was introduced child health as a percentage of in the CPSPR. total eligible population Baseline: N/A Target: 1.7 million (80% of the eligible population) (by end of Annexes CPSCR Review 30 Independent Evaluation Group CPS FY010-FY14: Pillar II Actual Results Comments Social Inclusion (as of current month/year) December 2011) 19. CPS Objective: Provision of selective insurance coverage for vulnerable groups (children up to 19 years, women up to 65 years) Indicator: Insurance coverage Insurance coverage increased from 7% to 66% Source: CPSCR of vulnerable groups (children of eligible vulnerable population. up to 19 years, women up to 65 The objective and the years) IFC: Client supported more than 600,000 indicator were introduced in patients. the CPSPR. The objective Baseline: N/A lacked a baseline and target. Target: N/A 20. CPS Objective: Improve effectiveness of Federal Public Health system in delivering results under seven priority health programs including breast and cervix cancer, diabetes, vaccine preventable diseases, HIV/AIDS and tuberculosis Indicator: Autochthonous 2 cases reported, both imported and not Source: CPSCR measles cases are maintained autochthonous. at zero The objective and the indicator were introduced in Baseline: No the CPSPR. Target: Yes Indicator: Congenital rubella No cases reported. Source: CPSCR cases decline to zero at the end The objective and the of the project. indicator were introduced in the CPSPR. Baseline: N/A Target: 0 Indicator: Prevalence of Prevalence of smoking has declined to 30.1%. Source: CPSCR smoking The objective and the Baseline: 33% indicator were introduced in the CPSPR. Target: 31% Indicator: Argentina has 5 provinces certified. Source: CPSCR certified in 90% of its provinces with Chagas disease (17 out of The objective and the 19 provinces) the interruption of indicator were introduced in vectoral transmission. the CPSPR. Baseline: No Target: Yes Indicator: 85% of provinces (of An instrument to accredit provinces for Source: CPSCR a total of 23) are accredited for essential public health functions (EPHF) for the public health functions and 10 prioritized programs was finalized in 2011 The objective and the programs developed with a and applied once in 22 provinces throughout indicator were introduced in minimum standards and norms 2011. Results were certified by the external the CPSPR. for all 10 prioritized programs. technical audit. Baseline: 0 provinces Target: 20 provinces 21. CPS Objective: Strengthen leadership of MoH and health sector governance Indicator: Establishment of a Bank has provided technical assistance and Source: CPSCR National Health Policy submitted a report to the Ministry of Health, Observatory aimed at improving which has been discussed. Establishment is The indicator was introduced the quality and access to pending Government decision. in the CPSPR. Annexes CPSCR Review 31 Independent Evaluation Group CPS FY010-FY14: Pillar II Actual Results Comments Social Inclusion (as of current month/year) information related to the performance and results attained by the health system in Argentina. Baseline: No Target: Yes Indicator: Governance and GAAP agreed and under implementation. Source: CPSCR Accountability Action Plan Reviewed by the Bank and Government once a (GAPP) agreed and under year. The indicator was introduced implementation by the Ministry in the of Health. Baseline: No Target: Yes 22. CPS Objective: Improve completion rates for students in lower secondary rural education (grades 7 - 9) Indicator: Increased school From a baseline of 15,861 children not enrolled Source: CPSCR enrollment for children age 5. in 2004, the number has declined to 6,265, Baseline: 15,861 children not surpassing the target of 7,921. The indicator was introduced enrolled in 2004 in the CPSPR. No baseline and target were provided for Target: 7,921 children not the indicator in the CPSPR. enrolled Baseline was provided in the CPSCR. Indicator: Promotion rate in Promotion rate EGB1 to EGB 2 in rural areas of Source: CPSCR rural areas from EGB1 (grades 89.8% in 2010. 1-3) to EGB2 (grades (4-6) The indicator was introduced in the CPSPR. The baseline Baseline: 76% lacked a date. Target: 85% (April 2011) Indicator: Percentage of As of November 2011, the access rate has Source: CPSCR students completing the 7th reached 84%. grade and moving to the 8th The indicator was introduced grade of schooling in rural areas in the CPSPR. The baseline lacked a date. Baseline: 73% Target: 85% (April 2011) 23. CPS Objective: Existence of critical mass of policy and school-based innovations Indicator: At least one school- Policy dialogue began in FY11-12. Source: CPSCR based innovation fully assessed and mainstreamed by 2015. The objective and the indicator were introduced in Baseline: No the CPSPR. Target: Yes 24. CPS Objective: Increase understanding of linkages between tertiary education and labor markets Indicator: Dissemination event Dissemination event was held with key Source: CPSCR to discuss with key stakeholders stakeholders in FY12. the main findings of a study on The objective and the the linkages between tertiary indicator were introduced in education and labor markets the CPSPR. Target: Yes Annexes CPSCR Review 32 Independent Evaluation Group CPS FY010-FY14: Pillar III Actual Results Comments Improved Governance (as of current month/year) Results Area: Strengthening Public Institutions 25. CPS Objective: National level: More transparent government decision-making processes, increased access to government-related information, and improved service delivery by strengthening the efficiency, effectiveness, and transparency of ANSES, SYNTyS (Social and Fiscal National Identification System), Chief of Cabinet Office Indicator: Consolidate and Customer satisfaction grew from 45% to 86% Source: CPSCR expand organizational reform of between 2005 and 2012. Reduction of average ANSES aimed at improving time in the provision of new benefits from 140 The indicator was introduced customer satisfaction with to 74 days. Level of quantitative error in in the CPSPR. service delivery, including pension reports is down to 5.68%. increased decentralization, timely determination of benefits, and reduced claims against ANSES benefit determination. Baseline: No Target: Yes Indicator: Percentage of Target has been achieved at 92% as of June Source: CPSCR physical persons that can be 2012. identified univocally by SINTyS The indicator was introduced has increased to 92%. in the CPSPR. Baseline was not provided. Baseline: N/A Target: 92% Major Indicator: The number of The number of Government agencies has Source: CPSCR Outcome Government agencies and increased from 16 in 2008 to 91 in June 2013. programs using consistent The indicator was introduced Measures common processes to identify in the CPSPR. Baseline and entities and assets has target were not provided in the increased. CPSPR. The CPSCR notes that the baseline was 16 Baseline: 16 (2008) agencies in 2008. Target: 91 (2013) Indicator: Percentage of SINFO covers 70% of civilian national Source: CPSCR civilian national executive executive branch employees, up from 25%. branch employees covered by LUPI is still in development. Baseline was not provided for SINFO. Personnel data that this indicator in the CPS or appears in both the SINFO and CPSPR. The CPSCR notes LUPI systems are consistent that the baseline was 25%. Baseline: 25% Target: 90% Indicator: Electronic directory 20% of the electronic directory of Government Source: CPSCR of Government procedures procedures have not been simplified yet. The includes 20% of procedures that task team expects to reach the target in coming Baseline was not provided for have been simplified and can be months. Two transactional services have been this indicator in the CPS or electronically processed. implemented with two more in process. CPSPR. Progress is made toward offering transactional services. Baseline: No Target: 20% Indicator: User surveys User surveys show more than 70% increase in Source: CPSCR Annexes CPSCR Review 33 Independent Evaluation Group CPS FY010-FY14: Pillar III Actual Results Comments Improved Governance (as of current month/year) showing improved service service delivery satisfaction in the agencies delivery in the agencies that implementing the Citizens’ Charter. Baseline was not provided for have implemented the Citizens’ this indicator in the CPS or Charter. CPSPR. Baseline: No Target: Yes 26. CPS Objective: At Sub-National level: Provide customized support and capacity building to subnational governments on public expenditure management, tax administration and public service delivery Indicator: In at least one In the provinces of Formosa and Chubut, the Source: CPSCR province, the time for key evaluation report is published in 10 days. services and administrative The objective and the processes has been reduced indicator were introduced in from 15 to 10 days the CPSPR. Baseline: No Target: Yes Indicator: In at least one In the province of Chubut the system was Source: CPSCR province, the percentage of implemented, bringing 40% of staff into the public employees included in the electronic payroll and personnel system. The objective and the integrated personnel information indicator were introduced in and pay systems has increased the CPSPR. from 0 to 30%. Baseline: No Target: Yes Indicator: Province of La Rioja: Local tax revenue increased from 159 to 222 Source: CPSCR (i) Increased local tax revenue; million pesos from 2011 to 2012 and efficiency (ii) Increased share of budgeted in water irrigation systems started to improve This indicator was introduced primary expenditures executed; with the creation of an additional Water User in the CPSPR. The indicator (iii) Higher share of budgeted Association. lacked baseline and targets Projects which are drawn from the provincial development plan; (iv) Increased proportion of competitive bidding; (v) Increased efficiency in the management of irrigation water supply systems. Baseline: N/A Target: N/A Indicator: Province of La Rioja: While diagnostic work was completed in La Source: CPSCR Diagnostic in Tax Rioja, a stand-alone piece was not delivered. Administration, PFM, Public This indicator was introduced Expenditure Management and in the CPSPR. Procurement. Baseline: No Target: Yes Indicator: Province of La Rioja: Law has not been prepared. Source: CPSCR Draft Public Procurement Law prepared. This indicator was introduced in the CPSPR. Annexes CPSCR Review 34 Independent Evaluation Group CPS FY010-FY14: Pillar III Actual Results Comments Improved Governance (as of current month/year) Baseline: No Target: Yes Indicator: Diagnostic on PFM Diagnostic work in PFM prepared for provinces Source: CPSCR for the Provinces of Buenos of Buenos Aires, Cordoba, San Juan, and Aires, Cordoba, San Juan, Santa Fe. This indicator was introduced Santa Fe. in the CPSPR. Baseline: No Target: Yes 27. CPS Objective: Improved approval procedures of projects at the national level Indicator: Time of approval of Average time between Bank approval and Source: CPSCR loans by the Government is effectiveness of loans has been reduced from reduced to a maximum period of 12 months (FY07-09) to 10 months (FY10-12). 4 months, aligning it with the approval of the loan by the Bank. Baseline: No Target: Yes 28. CPS Objective: Improved design, preparation and approval procedures of projects at the subnational level Indicator: Time for approval of Average time between Bank approval and Source: CPSCR loans at the subnational level is effectiveness of loans has been increased from reduced to a maximum of 6 12 months (FY07-09) to 19 months (FY10-12). months, aligning it with approval by the Bank and at the national Thorough analysis of bottlenecks to provincial level. projects carried out and lessons shared with the Government. Baseline: No Target: Yes 29. CPS Objective: Improved procurement capacity of agencies implementing investment projects Indicator: Percentage of 28% of projects under execution reflect an S Source: CPSCR Procurement Policy Reviews rating in procurement, and 52% reflect an MS (PPRs) rated Satisfactory rating between FY10-12. The proposed indicator lacked a baseline. Baseline: N/A Target: 80% Indicator: Percentage of The CPSCR provides no evidence on whether Source: CPSCR Procurement Policy Reviews qualified procurements staff have been (PPRs) confirming that qualified appointed. The proposed indicator lacked procurement staff have been a baseline. appointed The CPSCR provides no Baseline: N/A evidence on whether qualified procurements staff have been Target: 80% appointed. Instead, the CPSCR reports the same results that were reported for the previous indicator (see above). Indicator: Percentage of Procurement-oriented Action Plan under Source: CPSCR procurement contracts implementation in the Ministry of Health to processed as planned improve the overall capacity of the unit dealing The proposed indicator lacked Annexes CPSCR Review 35 Independent Evaluation Group CPS FY010-FY14: Pillar III Actual Results Comments Improved Governance (as of current month/year) with procurement-related activities. a baseline. Baseline: N/A Target: 60% Indicator: Percentage of 100% of projects provide updated information Source: CPSCR projects providing reliable on procurement, which is available in a information on contracts and consolidated system (SEPA) used by all the The proposed indicator lacked financial transactions implementing agencies, the Government, and a baseline. (information available in a the Bank. consolidated system to be used by implementing agencies, and the Government and the IFIs for monitoring purposes). Baseline: N/A Target: 50% 30. CPS Objective: Improved fiduciary risk monitoring systems Indicator: Adjustment of Price Monitoring Mechanism in place in works Source: CPSCR existing risk assessment tools to contracts. Applied by PIUs in their bidding ensure strategic focus on project evaluation forms gradually since 2007. fiduciary risks and results. Governance and Accountability Action Plan Baseline: No designed for health projects and ready to be applied to other projects if required (PTUMA, Target: Yes Innovation Project, PROSAP). Indicator: Framework Agreement for Phasing out PIUs Being applied for new projects. Action Plans for reduction in the use of individual consultants in Baseline: No certain operations (e.g., State Modernization Project). Target: Yes Agreed to specific FM arrangements to enhance projects control framework; for instance, concurrent audits (Health Sector and Social Protection); strengthened supervision by the national level over the provinces (infrastructure) and engagement of subnational SAIs as part of project control framework (Education/Province of Buenos Aires Sustainable Infrastructure Project). 31. CPS Objective: Improved safeguards capacity of agencies implementing investment projects Indicator: High level Training program for implementing agencies Source: CPSCR government officials, project and central coordination agencies supported by coordinators and safeguard the Bank delivered. This indicator was introduced specialists in implementing in the CPSPR. agencies trained Baseline: No Target: Yes 32. CPS Objective: Improved dialogue between central agencies and the Bank on safeguards, and strengthening of coordination role by central agencies Indicator: Gap analysis Gap Analysis between environmental and Source: CPSCR between country systems and social country systems and safeguards and Bank policies carried out. sustainability policies of the Bank completed. This indicator was introduced in the CPSPR. Baseline: No Annexes CPSCR Review 36 Independent Evaluation Group CPS FY010-FY14: Pillar III Actual Results Comments Improved Governance (as of current month/year) Target: Yes Indicator: Model documents for The Gap Analysis is being used in selective Source: CPSCR environmental and social operations in the Argentina portfolio. safeguard compliance adopted. This indicator was introduced in the CPSPR. Baseline: No Target: Yes 33. CPS Objective: Reduce portfolio riskiness Indicator: Reduce APPs to 5% Actual Problem Projects (APPs): 15% by Source: CPSCR in number and 14% in amount. number and 7% by amount in FY12. Potential Problem Projects (PPPs): 10% by This indicator was introduced Baseline: No number and 14% by amount in FY12. in the CPSPR. Risk flags: 13% of projects have procurement Target: Yes flags and 20% of projects have slow disbursement flags. 34. CPS Objective: Maintain adequate levels of project execution (i.e. 30% ratio of disbursements over signed contracts for infrastructure portfolio) and zero net transfers Indicator: Achieve Average disbursements reached $828 million Source: CPSCR disbursement targets of around and disbursement ratio reached 21% during $ 800 million and 25% CPS period. This indicator was introduced disbursement ratio average in the CPSPR. during CPS period Baseline: No Target: Yes Indicator: Do not exceed -50 Net transfers equaled $6 million in FY10-12. Source: CPSCR million net transfers in CPS FYs. This indicator was introduced Baseline: No in the CPSPR. Target: Yes Annexes CPSCR Review 37 Independent Evaluation Group Annex Table 2: Planned and Actual Lending, FY10-FY14 (US$ Million) Proposed Approval Closing Proposed Approved Outcome Project ID Project Name FY FY FY Amount* Amount Rating Project Planned Under CPS / CPSPR 2010-13 P095485 AR Metropolitan Areas Urban Transport 2010 2010 2016 150.0 150.0 LIR: MU P113896 AR San Juan SWAP 2010 2010 2014 50.0 50.0 LIR: S AR-(AF-C) Provincial Road Infrastructure P114018 2010 2010 2015 200.0 175.0 N/A (ADDITIONAL FINANCING) P116989 AR-Road Safety 2010 2010 2016 20.0 30.0 LIR: S P092840 Fndtions Perf.-Inform.Bdgt (DROPPED) 2010 Dropped 28.0 N/A P095516 Income Support for the Poor (DROPPED) 2010 Dropped 200.0 N/A P106754 AR Prov. Public Mgmt. (DROPPED) 2010 Dropped 25 N/A P112198 Developing RE and EE Markets (DROPPED) 2010 Dropped 150 N/A P115991 Strengthening Governance& Mgt (DROPPED) 2010 Dropped 4.0 N/A P118043 Chaco SWAP (DROPPED) 2010 Dropped 50.0 N/A Sub-Total programmed projects CAS FY10 877.0 405.0 P106735 AR Provincial Public Health Insurance 2011 2011 2016 400.0 400.0 LIR: MS P110599 AR Essential Public Health Functions II 2010 2011 2016 90.0 461.0 LIR: S AR BA Province Infrastr. Sust. Inv P114081 2010 2011 2015 50.0 50.0 N/A (ADDITIONAL FINANCING) AR Basic Protection (ADDITIONAL P120622 2010 2011 2015 480.0 480.0 N/A FINANCING) P121836 AR La Rioja Public Sect Streng Prog-APL1 2011 2011 2016 30.0 30.0 LIR: MS P125151 AR 2nd Norte Grande Water Infrastr. 2011 2011 2017 200.0 200.0 LIR: S P101421 AR Rosario Logistics (DROPPED) 2011 Dropped 200.0 N/A P106876 AR Communities Integ Soc Serv (DROPPED) 2011 Dropped 100.0 N/A AR (AF-C)Cordoba-Road Infrast. P110550 2011 Dropped 30.0 N/A (ADDITIONAL FINANCING) (DROPPED) P121603 AR Improving tax admin (DROPPED) 2011 Dropped 50.0 N/A Sub-Total programmed projects CAS FY11 1,630.0 1,621.0 P127341 AR Volcano Eruption ERL (DROPPED) 2012 Dropped 50.0 N/A Sub-Total programmed projects CAS FY12 50.0 0.0 P127864 AR SALTA Social Inclusion SWAp (DROPPED) 2013 Dropped 60.0 N/A Sub-Total programmed projects CAS FY13 60.0 0.0 Total programmed projects CAS FY10-14 2617.0 2026.0 Unplanned AR Prevention & Management of Influenza P117377 Unplanned 2010 2014 229.0 LIR: S (UNPLANNED) AR Norte Grande Road Infrastructure P120198 Unplanned 2011 2016 400.0 LIR: MS (UNPLANNED) AR Norte Grande Water Infrastructure P120211 Unplanned 2011 2017 200.0 LIR: S (UNPLANNED) Total Non programmed projects CAS FY10-13 829.0 Total projects CAS FY10-13 2617.0 2855.0 Approval Closing Approved On-going FY FY Amount P006010 AR PROV AG DEVT I 1997 2010 125.0 IEG: S P039584 AR B.A.URB.TSP 1997 2011 200.0 IEG: MS P006041 AR SMALL FARMER DV. 1998 2011 75.0 IEG: MS P006043 AR RENEW.ENERGY R.MKTS 1999 2013 30.0 LIR: S P071025 AR-Provincial Maternal-Child Hlth Inv Ln 2004 2011 136.0 IEG: S P088153 AR National Highway Asset Management 2004 2011 200.0 IEG: S P088220 AR APL1 Urban Flood Preven&Drainage 2005 2013 130.0 LIR: S P070628 AR-Provincial Road InfrastructureProject 2005 2015 150.0 LIR: MU P088032 AR CRL1 APL1 Buenos Aires Infrastr SIDP 2005 2015 200.0 LIR: S P055483 AR-Heads of Household Transition Project 2006 2010 350.0 IEG: S P070448 AR Subnational Gov Public Sec Modernizat 2006 2013 40.0 LIR: S P092836 AR Inst. Strengthening - ANSES II TA 2006 2013 25.0 IEG: MS Annexes CPSCR Review 38 Independent Evaluation Group P070963 AR Rural Education Improvement Project 2006 2014 150.0 LIR: MS P060484 AR Basic Municipal Services Project 2006 2015 110.0 LIR: S P089926 AR Solid Waste Management Project 2006 2015 40.0 LIR: S P093491 AR APL2 Urban Flood Prev.&Drainage 2006 2015 70.0 LIR: S P099051 AR- SANTA FE ROAD Infrastructure 2007 2012 127.0 IEG: S P090993 AR-Essential Public Health Functions 2007 2013 220.0 IEG: MS P095515 AR (APL2) Prov Maternal-Child Health 2007 2013 300.0 IEG: S P095514 AR Lifelong Learning Project 2007 2014 200.0 LIR: S P095569 AR APL2 National Highway Asset Mgt 2007 2014 400.0 LIR: MS P099585 AR-Cordoba-Road Infrastructure 2007 2014 75.0 LIR: S P105288 AR APL2 Buenos Aires Infrastructure 2007 2014 270.0 LIR: S P101170 AR 2nd State Modernization 2007 2015 20.0 LIR: MS AR Prov Ag Devt I Add'l Financ Ln7425-AR P102316 2007 2010 37.0 N/A (ADDITIONAL FINANCING) AR BA Urb Transport Add'l Financ P104984 2007 2011 100.0 N/A (ADDITIONAL FINANCING) P100806 AR Sustainable Natural Res Mgt 2008 2016 60.0 LIR: MS AR (AF) Small Farmer Dev (ADDITIONAL P102446 2008 2011 45.0 N/A FINANCING) P101171 AR SOC&FISC NTL ID SYS II 2009 2014 20.0 LIR: MS P106684 AR PROSAP2 2nd Prov Agric Dev 2009 2015 300.0 LIR: S P115183 AR Basic Protection Project *** 2009 2015 450.0 LIR: S P105680 AR(APL1) Matanza-Riachuelo Development 2009 2016 840.0 LIR: MU P106752 AR Unleashing Productive Innovation 2009 2016 150.0 LIR: MS P110462 AR Mining Environmental Restoration Proj 2009 2016 30.0 LIR: MS AR (AF) PERMER Renewable Energy P110498 2009 2013 50.0 N/A (ADDITIONAL FINANCING) Total Ongoing Projects 5725.0 Source: Argentina CPS, CPSPR and WB Business Warehouse Table 2a.1, 2a.4 and 2a.7 as of 07/24/2014 *Table elaborated using upper bound amounts proposed in the CPS and CPSPR. **LIR: Latest internal rating. MU: Moderately Unsatisfactory. MS: Moderately Satisfactory. S: Satisfactory. HS: Highly Satisfactory. *** The CPSCR (Annex B) notes that this project was approved within the envelope for FY10-F12. Annexes CPSCR Review 39 Independent Evaluation Group Annex Table 3: Grants and Trust Funds Active in FY10-FY15 (US$ million) Project Project Name TF ID Approval Closing Approved ID FY FY Amount P005920 Reduction of Ozone Project (Montreal Protocol) TF 22013 1997 2015 31.22 P045048 Renewable Energy in Rural Markets TF 20548 2000 2010 10.00 P088934 Olavarria Landfill Gas Recovery Project TF 54470 2005 2016 0.59 P108744 Biological Connectivity in the Eco-regional Corridor in Northern TF 90436 2007 2010 0.18 Patagonia P108739 Decentralized MSG Program TF 57122 2007 2010 0.18 P096727 Institutional Strengthening of the Fiscalia de Investigaciones TF 55688 2007 2011 0.23 Administrativas P108739 Decentralized MSG Program TF 90330 2008 2010 0.81 P108746 Conservation of Patagonian Steppe and Southern Andes TF 90437 2008 2010 0.14 Fauna P108741 Greenhouse Gases Reduction by Using Citrus Residues in TF 90434 2008 2010 0.11 Tucuman P108745 Upper Parana Atlantic Forest Restoration by Small-Farmers TF 90439 2008 2010 0.05 P101253 Salta Landfill Gas Capture Project TF 90822 2008 2016 0.71 P094425 Biodiversity Conservation in Productive Forestry Landscapes TF 90118 2009 2015 7.00 P119827 City Development Strategies for the Province of Buenos Aires, TF 95793 2010 2013 0.42 Argentina P091659 Argentina Grasslands Project (Mercosur) TF 96757 2010 2014 0.90 P114957 Improving Investment Portfolio Management: Building Up TF 94065 2010 2014 0.49 Institutions, Systems and Human Capital P114008 GEF Sustainable and Transport and Air Quality Project TF 93048 2010 2015 3.99 P090119 Energy Efficiency Project TF 92377 2010 2015 15.16 P121808 Improving Transparency & Accountability in the province TF 97750 2011 2014 0.39 of Santa Fe P119875 Enhancing communications to stakeholders, transparency and TF 96688 2011 2014 0.30 accountability at the Ministry of Finance P127295 Cultural Space for Education TF 10088 2012 2013 0.04 P120205 Socio-Economic Database for Latin America & the TF 98713 2012 2013 0.18 Caribbean P127297 Young FootballReferres (GFYI) TF 10106 2012 2014 0.02 P116974 Third National Communication UNFCCC TF 98640 2012 2015 2.44 P125804 Adaptation Fund: Increasing Climate Resilience & TF 15041 2014 2019 3.96 Enhancing Sustainable Land Management in the Southwest of the Bue nos Aires Province Total 79.51 Source: Client Connection as of 07/24/2014 Annexes CPSCR Review 40 Independent Evaluation Group Annex Table 4: Analytical and Advisory Work for Argentina, FY10-FY15 Proj ID Economic and Sector Work Fiscal year Output Type P101172 Prov Econ Memo Buenos Aires FY10 Report P112070 Logistics II AAA FY10 Report P106919 Provincial Level PFM Assessment FY11 Report P117587 Higher Education FY11 Report P119025 Opportunity Assessment Chaco FY11 Report P125978 ROSC Argentina FY11 Report P103075 Employment Inequality FY12 Report P127339 (MST) Policy Notes FY12 Policy Note P100188 Hospital Management Evaluation FY13 Report P131129 (JIT) Energy prices in Argentina FY13 EW/Not assigned P143855 FSAP Argentina FY14 EW/Not assigned P133190 Argentina Aging Country Study FY15 EW/Not assigned P147371 Argentina Micro Monitoring FY15 EW/Not assigned Proj ID Technical Assistance Fiscal year Output Type P115388 AR Prov. Performance Informed Budgetting FY10 Institutional Development Plan P116376 AR Gender Equity in the Private Sector FY10 "How-To" Guidance P123026 StAR - Argentina TA FY11 Institutional Development Plan P116676 AR (FBS) Province of Chaco FY12 TA/IAR P123308 AR NLTA Productivity & Entrepreneurship FY12 TA/IAR P124756 AR Federal SP System FY12 TA/IAR P127488 AR follow up to ROSC & FSAP FY12 TA/IAR P125516 AR Safeguards TA FY13 TA/IAR P125743 AR Fiscal Federalism FY13 TA/IAR P126250 GCMNB Argentina GIIF-Rgltry Policy Cap FY13 TA/IAR P130674 AR Disaster Risk Management TA FY13 TA/IAR P130719 AR Mendoza Prov. Pub. Mgmt Rapid Assess FY13 TA/IAR P132331 Innovation for Equity in the Chaco FY14 TA/IAR P133218 Argentina Education NLTA FY14 TA/IAR P146832 AR RAAP Cordoba Improving Public Invest FY14 TA/IAR P143762 Argentina #10274 Insurance Based Superv. FY15 TA/IAR P147562 Provincial Edu IE FY15 TA/EPD P149246 RAS Mendoza Improving HR Management FY15 TA/IAR P149759 Methodology for Improvement of Delivery FY15 TA/IAR P149760 Dissemination of Lessons Learned on PA FY15 TA/IAR P150096 Education Policies in Buenos Aires RAS FY15 TA/IAR P150161 AR - Buenos Aires Infrastruc Service Del FY15 TA/IAR Source: WB Business Warehouse as of 07/24/2014 Annexes CPSCR Review 41 Independent Evaluation Group Annex Table 5 IEG Project Ratings for Argentina, FY10 - FY15 Total Exit IEG Risk to Proj ID Project name Evaluated IEG Outcome FY DO ($M) 2010 P006010 AR PROV AG DEVT I 161.6 SATISFACTORY MODERATE 2010 P055483 AR-Heads of Household Transition Project 350.0 SATISFACTORY MODERATE 2011 P006041 AR SMALL FARMER DV. 119.8 MODERATELY SATISFACTORY MODERATE 2011 P039584 AR B.A.URB.TSP 300.0 MODERATELY SATISFACTORY SIGNIFICANT 2011 P071025 AR-Provincial Maternal-Child Hlth Inv Ln 134.0 SATISFACTORY MODERATE 2011 P088153 National Highway Asset Management 197.9 SATISFACTORY MODERATE 2012 P099051 AR- SANTA FE ROAD Infrastructure 126.7 SATISFACTORY MODERATE 2013 P090993 AR-Essential Public Health Functions 219.9 MODERATELY SATISFACTORY MODERATE 2013 P092836 AR Inst. Strengthening - ANSES II TA 18.1 MODERATELY SATISFACTORY SIGNIFICANT 2013 P095515 AR (APL2) Prov Maternal-Child Health 300.0 SATISFACTORY MODERATE Total 1,928.0 Source: BW Key IEG Ratings as of 07/24/2014 Annex Table 6: IEG Project Ratings for Argentina, Exit FY10- FY15 RDO % RDO % Total Total Outcome Outcome Moderate or Moderate or Region Evaluated Evaluated ($M) % Sat ($) % Sat (No) Lower Lower (No) Sat ($) * Sat (No) * Argentina 1,927.8 10.0 100.0 100.0 83.5 80.0 LCR 20,548.7 176.0 92.4 75.4 77.3 67.1 World 84,952.0 958.0 82.0 71.1 60.9 51.6 Source: WB Business Warehouse as of 07/24/2014 * With IEG new methodology for evaluating projects, institutional development impact and sustainability are no longer rated separately. Annex Table 7 Portfolio Status for Argentina and Comparators, FY10- FY14 Fiscal year 2010 2011 2012 2013 2014 Average FY10-FY14 Argentina # Proj 36 39 38 32 26 34.2 # Proj At Risk 9.0 8.0 10.0 12.0 9.0 9.6 % Proj At Risk 25.0% 20.5% 26.3% 37.5% 34.6% 0.3 Net Comm Amt 5,892.2 7,271.7 7,023.0 6,207.7 4,931.3 6,265.2 Comm At Risk 1,727.0 857.4 1,454.1 2,894.6 1,984.3 1,783.5 % Commit at Risk 29.3 11.8 20.7 46.6 40.2 29.7 LCR # Proj 349 353 346 332 312 338.4 # Proj At Risk 68.0 61.0 68.0 72.0 71.0 68.0 % Proj At Risk 19.5% 17.3% 19.7% 21.7% 22.8% 0.2 Net Comm Amt 32,161.5 32,557.8 33,341.8 30,843.3 29,090.1 31,598.9 Comm At Risk 5,316.1 3,195.2 4,503.5 6,097.4 6,355.6 5,093.6 % Commit at Risk 16.5 9.8 13.5 19.8 21.8 16.3 World # Proj 1,990 2,059 2,029 1,965 2,048 2,018.2 # Proj At Risk 410.0 382.0 387.0 414.0 415.0 401.6 % Proj At Risk 20.6% 18.6% 19.1% 21.1% 20.3% 0.2 Net Comm Amt 162,975.3 171,755.3 173,706.1 176,206.6 192,020.9 175,332.8 Comm At Risk 28,963.1 23,850.0 24,465.0 40,805.6 41,107.7 31,838.3 % Commit at Risk 17.8 13.9 14.1 23.2 21.4 18.1 Source: WB Business Warehouse as of 07/24/2014 Annexes CPSCR Review 42 Independent Evaluation Group Annex Table 8: Disbursement Ratio* for Argentina and Comparators, FY10-FY14 (US$ Million) Fiscal Year FY2010 FY2011 FY2012 FY2013 FY2014 Average FY10-14 Argentina Disbursement Ratio (%) 23.4 21.4 17.8 24.6 24.1 22.3 Inv Disb in FY (US$ million) 875.3 745.3 865.6 953.5 703.6 828.7 Inv Tot Undisb Begin FY (US$ million) 3,733.3 3,489.4 4,868.4 3,881.1 2,918.0 3,778.0 LCR Disbursement Ratio (%) 39.2 30.9 22.0 24.0 18.8 26.9 Inv Disb in FY (US$ million) 4,998.4 4,513.5 3,338.4 3,524.0 2,491.1 3,773.1 Inv Tot Undisb Begin FY (US$ million) 12,756.7 14,614.2 15,201.7 14,712.3 13,281.0 14,113.2 World Disbursement Ratio (%) 26.9 22.4 20.8 20.6 20.8 22.3 Inv Disb in FY (US$ million) 20,928.8 20,933.5 21,048.7 20,509.0 20,756.3 20,835.3 Inv Tot Undisb Begin FY (US$ million) 77,760.8 93,516.5 101,239.1 99,582.4 99,848.4 94,389.4 * Calculated as IBRD/IDA Disbursements in FY / Opening Undisbursed Amount at FY. Restricted to Lending Instrument Type = Investment. Source: WB Business Warehouse as of 07/24/2014 CPSCR Review Annexes Independent Evaluation Group 43 Annex Table 9: IFC Investments in Argentina Investments Committed in FY10-FY14 Project Cmt Project Primary Greenfield Original Original Orig Original Loan Equity Net Net Net Project Size Project Size ID FY Status Sector Name Code Loan Equity Cm- CMT Cancel Cancel Loan Equity Comm Oil, Gas and 29109 2010 Active 71,500,000 G 71,500,000 30,000 - 30,000 30,000 - - 30,000 - 30,000 Mining Oil, Gas and 28970 2010 Active - E - - - - - - - - - - Mining Finance & 27373 2010 Active 30,000,000 G 30,000,000 30,000 - 30,000 30,000 - - 30,000 - 30,000 Insurance Primary 28305 2010 Active 25,000,000 E 25,000,000 - 25,000 25,000 25,000 - - 25,000 25,000 25,000 Metals Finance & 28500 2010 Active 7,500,000 E 7,500,000 13,385 - 13,385 13,385 - - 13,385 - 13,385 Insurance Transportation 28729 2010 Active and 1,125,000 G 1,125,000 1,125 - 1,125 1,125 - - 1,125 - 1,125 Warehousing Oil, Gas and 30651 2011 Active - E - - - - - - - - - - Mining Transportation 29029 2011 Active and 20,900,000 G 20,900,000 10,000 - 10,000 10,000 - - 10,000 - 10,000 Warehousing 29103 2011 Active Information 20,000,000 G 20,000,000 10,000 - 10,000 10,000 - - 10,000 - 10,000 Oil, Gas and 29492 2011 Active 18,775,316 G 18,775,316 - 7,002 7,002 7,002 - - 7,002 7,002 7,002 Mining Finance & 29759 2011 Active 40,000,000 G 40,000,000 20,000 - 20,000 20,000 - - 20,000 - 20,000 Insurance Plastics & 29899 2011 Active 15,000,000 E 15,000,000 15,000 - 15,000 15,000 - - 15,000 - 15,000 Rubber Wholesale 30321 2011 Active and Retail 700,000 G 700,000 700 - 700 700 - - 700 - 700 Trade Industrial & 30686 2011 Active Consumer 10,000,000 E 10,000,000 10,000 - 10,000 10,000 - - 10,000 - 10,000 Products Oil, Gas and 30701 2012 Active 25,000,000 E 25,000,000 - 24,000 24,000 24,000 - - 24,000 24,000 24,000 Mining Agriculture 30846 2012 Active 25,000,000 E 25,000,000 5,000 - 5,000 5,000 - - 5,000 - 5,000 and Forestry Oil, Gas and 31046 2012 Active 744,754 E 744,754 - 745 745 745 - - 745 745 745 Mining Agriculture 32660 2013 Active 450,000 E 450,000 450 - 450 450 - - 450 - 450 and Forestry Sub-Total 311,695,069 311,695,069 145,660 56,747 202,407 202,407 - - 202,407 56,747 202,407 Source: MIS Extract as of end March 2014 Annexes CPSCR Review 44 Independent Evaluation Group Investments Committed Pre-FY2010 but Active During the FY10-14 Review Period Project Cmt Project Primary Sector Greenfield Original Original Original Loan Equity Net Net Project Size Project Size Orig Cm- Net Comm ID FY Status Name Code Loan Equity CMT Cancel Cancel Loan Equity Oil, Gas and 2764 1992 Active 106,400,000 G 106,400,000 - 17,000 17,000 17,000 - - 17,000 17,000 17,000 Mining Transportation and 2931 1993 Active 58,680,000 E 58,680,000 10,000 3,000 13,000 13,000 - - 13,000 3,000 13,000 Warehousing Oil, Gas and 3262 1993 Active 60,000,000 E 60,000,000 15,000 10,000 25,000 25,000 - - 25,000 10,000 25,000 Mining 3851 1994 Active Electric Power 65,000,000 G 65,000,000 20,000 45 20,045 20,045 - - 20,045 45 20,045 Finance & 3859 1994 Active 15,000,000 E 15,000,000 15,000 - 15,000 15,000 - - 15,000 - 15,000 Insurance Collective 4816 1995 Active Investment 100,000,000 G 100,000,000 - 20,000 20,000 20,000 - - 20,000 20,000 20,000 Vehicles 3808 1995 Active Utilities 259,900,000 G 259,900,000 38,000 7,000 45,000 45,000 - - 45,000 7,000 45,000 Collective 4817 1995 Active Investment 150,000 G 150,000 - 150 150 150 - - 150 150 150 Vehicles Collective 10427 1995 Active Investment 5,000,000 E 5,000,000 - 5,000 5,000 5,000 - - 5,000 5,000 5,000 Vehicles Nonmetallic 5138 1996 Active Mineral Product 53,000,000 E 53,000,000 20,000 - 20,000 20,000 - - 20,000 - 20,000 Manufacturing Oil, Gas and 7182 1997 Active 26,400,000 G 26,400,000 - 26,400 26,400 26,400 - - 26,400 26,400 26,400 Mining 7437 1997 Active Food & Beverages 42,800,000 E 42,800,000 20,000 - 20,000 20,000 - - 20,000 - 20,000 8776 1999 Active Health Care 19,200,000 E 19,200,000 9,600 - 9,600 9,600 - - 9,600 - 9,600 Finance & 9382 1999 Active 33,000,000 G 33,000,000 33,000 - 33,000 33,000 - - 33,000 - 33,000 Insurance Oil, Gas and 9537 1999 Active 5,000,000 E 5,000,000 - 5,000 5,000 5,000 - - 5,000 5,000 5,000 Mining Transportation and 9239 2000 Active 214,000,000 E 214,000,000 20,000 20,000 40,000 40,000 14,000 - 26,000 20,000 26,000 Warehousing 9815 2001 Active Utilities 40,500,000 E 40,500,000 20,000 - 20,000 20,000 - - 20,000 - 20,000 Agriculture and 22455 2004 Active 168,933,100 E 168,933,100 70,000 - 70,000 70,000 - - 70,000 - 70,000 Forestry 23850 2005 Active Food & Beverages 79,248,000 E 79,248,000 20,000 - 20,000 20,000 0 - 20,000 - 20,000 Finance & 23920 2005 Active 40,000,000 G 40,000,000 40,000 - 40,000 40,000 1 - 40,000 - 40,000 Insurance 24101 2005 Active Food & Beverages 123,000,000 E 123,000,000 35,000 - 35,000 35,000 - - 35,000 - 35,000 Oil, Gas and 24118 2006 Active 444,200,000 E 444,200,000 120,500 - 120,500 120,500 - - 120,500 - 120,500 Mining Annexes CPSCR Review 45 Independent Evaluation Group Oil, Gas and 24385 2006 Active 110,000,000 E 110,000,000 50,000 - 50,000 50,000 - - 50,000 - 50,000 Mining Finance & 25161 2007 Active 7,500,000 E 7,500,000 35,977 - 35,977 35,977 - - 35,977 - 35,977 Insurance Transportation and 23914 2007 Active 111,550,000 E 111,550,000 35,000 - 35,000 35,000 2,528 - 32,472 - 32,472 Warehousing Finance & 24872 2007 Active 15,000,000 E 15,000,000 354,221 - 354,221 354,221 - - 354,221 - 354,221 Insurance Finance & 25162 2008 Active 5,000,000 E 5,000,000 25,922 - 25,922 25,922 - - 25,922 - 25,922 Insurance Oil, Gas and 25838 2008 Active 858,000,000 E 858,000,000 150,000 - 150,000 150,000 - - 150,000 - 150,000 Mining Collective 25954 2008 Active Investment 150,000,000 G 150,000,000 - 20,000 20,000 20,000 - - 20,000 20,000 20,000 Vehicles Finance & 26418 2008 Active 50,000,000 E 50,000,000 50,000 - 50,000 50,000 - - 50,000 - 50,000 Insurance Oil, Gas and 26472 2008 Active 74,000,000 G 74,000,000 20,000 17,000 37,000 37,000 1,750 7,000 35,250 10,000 28,250 Mining 26566 2008 Active Food & Beverages 170,000,000 E 170,000,000 50,000 - 50,000 50,000 - - 50,000 - 50,000 Finance & 26903 2009 Active 50,000,000 E 50,000,000 218,526 - 218,526 218,526 - - 218,526 - 218,526 Insurance 26959 2009 Active Food & Beverages 310,000,000 E 310,000,000 40,000 - 40,000 40,000 - - 40,000 - 40,000 Finance & 26993 2009 Active 10,000,000 E 10,000,000 15,045 - 15,045 15,045 - - 15,045 - 15,045 Insurance 27067 2009 Active Food & Beverages 75,000,000 G 75,000,000 30,000 - 30,000 30,000 - - 30,000 - 30,000 Industrial & 27104 2009 Active Consumer 20,000,000 E 20,000,000 20,000 - 20,000 20,000 - - 20,000 - 20,000 Products Finance & 27212 2009 Active 17,500,000 E 17,500,000 91,398 - 91,398 91,398 - - 91,398 - 91,398 Insurance Wholesale and 27322 2009 Active 160,000,000 E 160,000,000 50,000 - 50,000 50,000 - - 50,000 - 50,000 Retail Trade Transportation and 27364 2009 Active 145,116,380 E 145,116,380 40,000 - 40,000 40,000 - - 40,000 - 40,000 Warehousing Finance & 27467 2009 Active 10,000,000 E 10,000,000 69,742 - 69,742 69,742 - - 69,742 - 69,742 Insurance Professional, 27650 2009 Active Scientific and 18,500,000 G 18,500,000 - 5,000 5,000 5,000 - - 5,000 5,000 5,000 Technical Services 28084 2009 Active Food & Beverages 100,000,000 E 100,000,000 20,000 - 20,000 20,000 - - 20,000 - 20,000 Sub-Total 4,426,577,480 4,426,577,480 1,871,931 155,595 2,027,526 2,027,526 18,278 7,000 2,009,248 148,595 2,002,248 Total 4,738,272,549 - 4,738,272,549 2,017,591 212,342 2,229,933 2,229,933 18,278 7,000 2,211,655 205,342 2,204,655 Source: MIS Extract as of end March 2014 CPSCR Review Annexes Independent Evaluation Group 46 Annex Table 10: IFC Advisory Services for Argentina Advisory Services Approved in FY10-FY14 Project Impl Start Impl End Project Primary Business Total Funds, Project Name ID FY FY Status Line US$ Arcor - Tomato supply 576967 2011 2012 TERMINATED SBA 327,237 chain Sub-Total 327,237 Source: MIS Extract as of end March 2014 Advisory Services Approved Pre-FY2010 but Active during the FY10-14 Review Period Primary Impl Total Project ID Project Name Impl End FY Project Status Business Start FY Funds, US$ Line Promoting Income-Generating Opportunities and Building 539643 2006 2010 CLOSED SBA 377,000 Municipal Capacity in Acambuco Area Sub-Total 377,000 Total 704,237 Source: MIS Extract as of end March 2014 Annex Table 11: IFC Net Commitment Activity for Argentina 2010 2011 2012 2013 2014 Financial Markets 30,000,000 20,000,000 - - - Trade Finance (TF) 55,844,510 83,277,240 178,355,389 120,650,165 241,618,458 Funds - (70,861) - - - Agribusiness & Forestry - (1,225,526) 5,000,000 450,000 - Other MAS Sectors - - - - - Manufacturing 25,000,000 25,000,000 - - - Consumer & Social Services - 700,000 - - - Oil,Gas & Mining 73,000,000 7,843,628 24,694,387 - (1,750,000) Infrastructure 1,125,000 10,000,000 - - - Telecom & IT 5,000,000 10,000,000 - (5,000,000) - Total 189,969,510 155,524,481 208,049,777 116,100,165 239,868,458 Source: MIS Extract as of July 22, 2014 Annexes CPSCR Review 47 Independent Evaluation Group Annex Table 12: Total Net Disbursements of Official Development Assistance and Official Aid for Argentina (US$ Million) Development Partners 2009 2010 2011 2012 2013 Australia 0.07 0.18 0.37 1.38 .. Austria 0.30 0.35 0.34 0.24 .. Belgium 0.02 0.01 0.03 0.13 .. Canada 2.11 1.03 2.49 1.03 .. Czech Republic 0.18 0.17 0.05 0.02 .. Denmark .. .. -4.19 .. .. Finland 0.28 0.20 0.19 0.11 .. France 12.27 13.50 10.95 12.20 .. Germany 22.70 21.93 21.84 21.41 .. Greece 0.61 0.63 0.52 0.34 .. Iceland .. .. .. .. .. Ireland 0.30 0.31 0.26 0.05 .. Italy 1.33 0.44 5.07 0.82 .. Japan 9.00 40.33 8.73 10.10 .. Korea 0.10 0.17 0.11 0.03 .. Luxembourg 0.14 0.15 0.17 0.09 .. Netherlands 0.22 0.52 0.05 0.03 .. New Zealand 0.19 0.12 0.14 0.19 .. Norway 0.05 0.10 0.05 0.05 .. Poland 0.02 0.01 0.01 0.02 .. Portugal 0.09 0.04 0.10 0.08 .. Slovak Republic .. .. .. .. .. Slovenia 0.02 0.06 .. .. .. Spain 24.14 22.96 2.52 -1.03 .. Sweden 0.89 0.12 0.12 0.18 .. Switzerland 0.45 0.45 0.36 0.39 .. United Kingdom 0.99 0.54 1.19 3.24 .. United States 2.62 3.85 8.59 9.69 .. DAC Countries, Total 79.09 108.17 60.06 60.79 0.00 AfDB .. .. .. .. .. AfDF .. .. .. .. .. Arab Fund (AFESD) .. .. .. .. .. AsDB Special Funds .. .. .. .. .. BADEA .. .. .. .. .. CarDB .. .. .. .. .. EBRD .. .. .. .. .. EU Institutions 21.28 7.96 15.88 109.06 .. GAVI .. .. .. .. .. GEF 20.84 2.91 3.52 6.50 .. Global Fund .. -0.38 1.52 0.50 .. IAEA 0.82 0.75 0.25 0.40 .. IBRD .. .. .. .. .. IDA .. .. .. .. .. IDB Sp.Fund -2.36 -1.78 -1.87 -2.52 .. IFAD .. .. .. .. .. IFC .. .. .. .. .. IMF (Concessional Trust Funds) .. .. .. .. .. Isl.Dev Bank .. .. .. .. .. Montreal Protocol 1.78 0.57 1.45 0.24 .. Nordic Dev.Fund .. .. .. .. .. OFID .. .. .. .. .. OSCE .. .. .. .. .. Annexes CPSCR Review 48 Independent Evaluation Group UNAIDS 0.30 0.52 0.73 0.65 .. UNDP 0.67 0.83 0.46 0.32 .. UNECE .. .. .. .. .. UNFPA 0.66 0.76 0.66 0.75 .. UNHCR 1.77 0.98 3.12 0.09 .. UNICEF 0.77 0.77 0.81 0.57 .. UNPBF .. .. .. .. .. UNRWA .. .. .. .. .. UNTA .. .. .. .. .. WFP .. .. .. .. .. WHO .. .. .. .. .. Other Multilaterals .. .. .. .. .. Multilateral, Total 46.53 13.89 26.53 116.56 0.00 Bulgaria .. .. .. .. .. Chinese Taipei .. .. .. .. .. Cyprus .. .. .. .. .. Estonia .. .. .. .. .. Hungary 0.06 0.02 0.03 .. .. Israel 2.11 2.30 2.56 2.67 .. Kuwait (KFAED) -1.13 -3.41 -2.31 -1.22 .. Latvia .. .. .. .. .. Liechtenstein .. .. .. .. .. Lithuania 0.01 .. .. .. .. Malta .. .. .. .. .. Romania .. .. 0.01 .. .. Russia .. .. .. 0.01 .. Saudi Arabia .. .. .. .. .. Thailand 0.01 0.02 0.02 0.02 .. Turkey 0.05 0.11 0.05 0.07 .. United Arab Emirates .. 0.02 0.01 0.02 .. Other donor countries .. .. .. .. .. Non-DAC Countries, Total 1.11 -0.94 0.37 1.57 0.00 All Development Partners, Total 126.73 121.12 86.96 178.92 0 Source: Data extracted on 27 Jun 2014 15:48 UTC (GMT) from OECD.Stat Annexes CPSCR Review 49 Independent Evaluation Group Annex Table 13: Economic and Social Indicators for Argentina, 2010 – 2014 LAC (All Income Series Name Argentina Levels) World 2010 2011 2012 2013 2014 Average Growth and Inflation GDP growth (annual %) 9.1 8.6 0.9 3.0 .. 5.4 3.8 2.9 GDP per capita growth (annual %) .. .. .. .. .. .. 2.7 1.7 GNI per capita, PPP (current international $) .. .. .. .. .. .. 13,542.5 13,435.1 GNI per capita, Atlas method (current US$) .. .. .. .. .. .. 8,858.1 9,933.0 Inflation, consumer prices (annual %) .. .. .. .. .. .. 3.9 3.7 Compositon of GDP (%) Agriculture, value added (% of GDP) 8.2 7.8 6.9 6.7 .. 7.4 5.2 3.1 Industry, value added (% of GDP) 30.9 30.5 29.6 28.6 .. 29.9 32.3 26.7 Services, etc., value added (% of GDP) 60.9 61.7 63.5 64.7 .. 62.7 62.5 70.2 Gross fixed capital formation (% of GDP) 17.9 18.5 16.9 17.0 .. 17.6 20.2 21.1 Gross domestic savings (% of GDP) 21.7 21.7 19.0 17.7 .. 20.0 20.1 21.8 External Accounts Exports of goods and services (% of GDP) 17.5 17.8 15.8 14.3 .. 16.3 24.4 29.9 Imports of goods and services (% of GDP) 15.0 16.1 14.1 14.7 .. 15.0 25.1 29.9 Current account balance (% of GDP) 0.3 -0.4 0.0 .. .. 0.0 .. .. External debt stocks (% of GNI) 32.7 28.3 26.3 .. .. 29.1 .. .. Total debt service (% of GNI) 4.0 3.6 2.8 .. .. 3.5 3.0 .. Total reserves in months of imports 7.6 5.3 5.3 .. .. 6.1 8.8 13.4 Fiscal Accounts ** General government revenue (% of GDP) 37.2 37.4 40.3 41.7 42.0 39.7 .. .. General government total expenditure (% of GDP) 38.5 40.9 44.6 44.4 44.4 42.6 .. .. General government net lending/borrowing (% of GDP) -1.4 -3.5 -4.3 -2.7 -2.4 -2.9 .. .. General government gross debt (% of GDP) 49.2 44.9 44.9 42.4 41.7 44.6 .. .. Social Indicators Health Life expectancy at birth, total (years) 75.7 75.8 76.0 .. .. 75.8 74.4 70.6 Immunization, DPT (% of children ages 12-23 months) 94.0 92.0 91.0 .. .. 92.3 92.6 83.3 Improved sanitation facilities (% of population with access) 96.4 96.8 97.2 .. .. 96.8 81.2 63.3 Improved water source (% of population with access) 98.4 98.6 98.7 .. .. 98.6 93.7 88.9 Mortality rate, infant (per 1,000 live births) 13.3 13.0 12.7 .. .. 13.0 16.7 36.0 Education School enrollment, preprimary (% gross) 75.1 74.2 .. .. .. 74.6 72.4 51.7 School enrollment, primary (% gross) 118.4 117.6 .. .. .. 118.0 109.7 108.4 School enrollment, secondary (% gross) 90.2 91.9 .. .. .. 91.1 88.4 72.1 Population Population, total (millions) 40.4 40.7 41.1 41.4 .. 40.9 605.2 7,003.9 Population growth (annual %) 0.9 0.9 0.9 0.9 .. 0.9 1.1 1.2 Urban population (% of total) 92.3 92.5 92.6 92.8 .. 92.6 79.2 52.3 Source: Data from database: WDI Central - Last Updated: 07/22/2014 * International Monetary Fund, World Economic Outlook Database, April 2013 Annexes CPSCR Review 50 Independent Evaluation Group Annex Table 14: Argentina: Millennium Development Goals 2005 2010 2011 2012 Goal 1: Eradicate extreme poverty and hunger Employment to population ratio, 15+, total (%) 55.6 55.8 56.2 56.3 Employment to population ratio, ages 15-24, total (%) 34.7 33.5 33.6 34.1 GDP per person employed (constant 1990 PPP $) 23,618.0 27,871.0 28,412.0 28,551.0 Income share held by lowest 20% 3.4 4.4 .. .. Malnutrition prevalence, weight for age (% of children under 5) 2.3 .. .. .. Poverty gap at $1.25 a day (PPP) (%) 2.0 0.7 .. .. Poverty headcount ratio at $1.25 a day (PPP) (% of population) 4.6 0.9 .. .. Vulnerable employment, total (% of total employment) 21.4 19.0 18.6 19.0 Goal 2: Achieve universal primary education Literacy rate, youth female (% of females ages 15-24) .. .. 99.4 .. Literacy rate, youth male (% of males ages 15-24) .. .. 99.0 .. Persistence to last grade of primary, total (% of cohort) 94.5 93.1 .. .. Primary completion rate, total (% of relevant age group) 97.9 107.3 109.3 .. Adjusted net enrollment rate, primary (% of primary school age children) 99.1 .. .. .. Goal 3: Promote gender equality and empower women Proportion of seats held by women in national parliaments (%) 36.2 38.5 37.4 37.4 Ratio of female to male primary enrollment (%) 98.6 98.2 98.8 .. Ratio of female to male secondary enrollment (%) 111.4 111.4 110.6 .. Ratio of female to male tertiary enrollment (%) 145.7 150.9 156.2 .. Share of women employed in the nonagricultural sector (% of total nonagricultural 45.1 43.9 43.6 .. employment) Goal 4: Reduce child mortality Immunization, measles (% of children ages 12-23 months) 99.0 98.0 95.0 94.0 Mortality rate, infant (per 1,000 live births) 15.3 13.3 13.0 12.7 Mortality rate, under-5 (per 1,000 live births) 17.1 14.8 14.5 14.2 Goal 5: Improve maternal health Adolescent fertility rate (births per 1,000 women ages 15-19) 58.4 55.4 54.9 54.4 Births attended by skilled health staff (% of total) 99.1 94.9 97.1 .. Contraceptive prevalence (% of women ages 15-49) 78.3 .. .. .. Maternal mortality ratio (modeled estimate, per 100,000 live births) 70.0 76.0 .. .. Pregnant women receiving prenatal care (%) 99.2 .. .. .. Unmet need for contraception (% of married women ages 15-49) .. .. .. .. Goal 6: Combat HIV/AIDS, malaria, and other diseases Children with fever receiving antimalarial drugs (% of children under age 5 with fever) .. .. .. .. Condom use, population ages 15-24, female (% of females ages 15-24) .. .. .. .. Condom use, population ages 15-24, male (% of males ages 15-24) .. .. .. .. Incidence of tuberculosis (per 100,000 people) 33.0 27.0 26.0 25.0 Prevalence of HIV, female (% ages 15-24) .. .. .. 0.1 Prevalence of HIV, male (% ages 15-24) .. .. .. 0.2 Prevalence of HIV, total (% of population ages 15-49) 0.4 0.4 0.4 0.4 Tuberculosis case detection rate (%, all forms) 82.0 67.0 91.0 84.0 Goal 7: Ensure environmental sustainability CO2 emissions (kg per PPP $ of GDP) .. .. .. .. CO2 emissions (metric tons per capita) 4.2 4.5 .. .. Forest area (% of land area) 11.2 10.7 10.7 .. Improved sanitation facilities (% of population with access) 94.1 96.4 .. 97.2 Improved water source (% of population with access) 97.5 98.4 .. 98.7 Marine protected areas (% of territorial waters) 1.1 .. .. .. Net ODA received per capita (current US$) 2.5 3.0 2.1 4.4 Goal 8: Develop a global partnership for development Debt service (PPG and IMF only, % of exports of goods, services and primary income) 14.1 8.9 7.5 5.8 Internet users (per 100 people) 17.7 45.0 51.0 55.8 Mobile cellular subscriptions (per 100 people) 57.3 141.4 145.8 151.9 Telephone lines (per 100 people) 24.4 24.6 23.9 23.5 Fertility rate, total (births per woman) 2.3 2.2 2.2 2.2 Annexes CPSCR Review 51 Independent Evaluation Group Other GNI per capita, Atlas method (current US$) 4,480.0 .. .. .. GNI, Atlas method (current US$) (millions) 173,102.9 .. .. .. Gross capital formation (% of GDP) 21.5 22.0 22.6 21.8 Life expectancy at birth, total (years) 74.8 75.7 75.8 76.0 Literacy rate, adult total (% of people ages 15 and above) .. .. 97.9 .. Population, total (millions) 38.6 40.4 40.7 41.1 Trade (% of GDP) 44.3 40.1 41.4 37.1 Source: World Development Indicators