The World Bank Report No: ISR13085 Implementation Status & Results Mauritius Mauritius Second Private Sector Competitiveness DPL (P132510) Public Disclosure Copy Project Name: Mauritius Second Private Sector Competitiveness DPL Program Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 26-Dec-2013 (P132510) Country: Mauritius Approval FY: 2013 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 27-Mar-2013 Original Closing Date 30-Jun-2014 Planned Mid Term Review Date Last Archived ISR Date 10-Jul-2013 Effectiveness Date 12-Jul-2013 Revised Closing Date 30-Jun-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) Program Development Objective of the DPL programmatic series is to strengthen the policy and institutional environment in Mauritiusto support competitiveness and enterprise development. The operation will achieve this by supporting reforms in three integrated and mutually reinforcing pillars: (i) improving enterprise growth and competitiveness, (ii) improving access to finance, and (iii) promoting ICT usage and e-Government reforms for increased efficiency and transparency gains. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status Overview Public Disclosure Copy The Second Private Sector DPL for US$15million for was approved on March 27, 2013. The Financing Agreement was signed on April 19, 2013 and the legal opinion having been received, the project is declared effective on July 12, 2013. Government plans to draw down funds in January 2014. Results Results Indicators Page 1 of 4 The World Bank Report No: ISR13085 Indicator Name Core Unit of Measure Baseline Current End Target Number of Enterprises accessing generic BDS Number Value 200.00 250.00 250.00 increases. Date 27-Feb-2012 15-Mar-2013 30-Jun-2014 Public Disclosure Copy Comments Number of Enterprises accessing specialized Number Value 80.00 147.00 120.00 BDS increases. Date 27-Feb-2012 15-Mar-2013 30-Jun-2014 Comments Development of an M&E Framework for BDS Text Value No No Yes Schemes Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments The international M&E expert was recruited end November 2013. Number of insolvency practitioners registered Number Value 0.00 53.00 50.00 Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments Number of banks that have used the Out of Number Value 0.00 0.00 4.00 Court Workout guidelines. Date 27-Feb-2012 15-Mar-2013 30-Jun-2014 Comments DBM restructured by the sale of its non Text Value No No Yes banking assets Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments A new licensed commercial Bank with a focus Text Value No No Yes on the MSME segment established Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments Reduction in time taken to register property Days Value 15.00 2.00 2.00 Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments Public Disclosure Copy Completion of necessary legal amendments to Text Value No No Yes facilitate secured lending transactions Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments The government has taken the decision to amend the Civil Code Mauricien to implement the secured transactions reform. Page 2 of 4 The World Bank Report No: ISR13085 Increase in coverage of the Credit Information Percentage Value 50.00 67.00 70.00 bureau Date 27-Feb-2012 15-Mar-2013 30-Jun-2014 Comments Public Disclosure Copy Increase in number of broadband subscriptions Percentage Value 300200.00 5.40 15.00 with actual speeds of at least 10 Mbit/s Date 27-Feb-2012 15-Mar-2013 30-Jun-2014 Comments Decrease in the price per 1Mbit/s per month of Percentage Value 27.83 3.70 10.00 fixed broadband service Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments decreased to $26.79 Decrease in the price per 1Mbit/s per month of Percentage Value 17.38 7.20 10.00 mobile broadband service Date 27-Feb-2012 15-Mar-2013 30-Jun-2014 Comments Decreased to $16.12 Number of public services that can be Number Value 0.00 3.00 10.00 executed via secured online transactions Date 27-Feb-2012 09-Dec-2013 30-Jun-2014 Comments These include online application and payments of services including for incorporation of a company, annual registration fees of a company, and ePayment for the lease of state land. Data on Financial Performance (as of 15-Aug-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P132510 IBRD-82480 Effective 27-Mar-2013 19-Apr-2013 12-Jul-2013 30-Jun-2014 30-Jun-2014 Disbursements (in Millions) Public Disclosure Copy Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P132510 IBRD-82480 Effective USD 15.00 15.00 0.00 0.04 14.96 0.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status Page 3 of 4 The World Bank Report No: ISR13085 0 Pending Released Key Decisions Regarding Implementation Public Disclosure Copy Overall, steady progress is being made towards the implementation of the policy areas under the three pillars. Restructuring History There has been no restructuring to date. Related Operations P126903-Mauritius - Priv Sec Competitiveness Development Policy Loan (PSC - DPL), P131666-Rwanda Second Support to Social Protection System, P131775-Vietnam Climate Change Development Policy 3, P132510-Mauritius Second Private Sector Competitiveness DPL, P143032-2nd DPL to Support Inclusive Green Growth and Sust Devlp in HP, P146452-Rwanda Third Support to the Social Protection System (SSPS-3), P146619-Poverty Reduction Support Credit II, P146650-Economic Growth and Governance Credit 7, P146953-Third Governance and Competitiveness Development Policy Operation, P147015-Cape Verde Ninth Poverty Reduction Support Credit Public Disclosure Copy Page 4 of 4