Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) OECS Regional Tourism Competitiveness (P152117) LATIN AMERICA AND CARIBBEAN | OECS Countries | Trade & Competitiveness Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 1 | ARCHIVED on 14-Jul-2017 | ISR28889 | Implementing Agencies: Government of Grenada, Governent of St. Lucia, Government of St. Vincent and the Grenadines, Ministry of Finance Key Dates Key Project Dates Bank Approval Date:06-Apr-2017 Effectiveness Date:-- Planned Mid Term Review Date:-- Actual Mid-Term Review Date:-- Original Closing Date:01-Sep-2023 Revised Closing Date:01-Sep-2023 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objectives are to (i) facilitate the movement of tourists within the participating countries using ferries; (ii) improve selected touristic sites; and (iii) strengthen implementation capacity for regional tourism market development. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Facilitation of the Movement of People:(Cost $2.52 M) Component 2: Pilot Tourism Investments:(Cost $18.54 M) Component 3: Market Development and Promotion Capacity-Building:(Cost $2.79 M) Component 4: Project Implementation Support:(Cost $2.15 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Overall Risk Rating  --  Substantial 7/14/2017 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Implementation Status and Key Decisions The effectiveness date for the project is being updated to August 31, 2017, in order to harmonize effectiveness dates for all three countries, and to give countries to comply with all effectiveness conditions, which include (a) the hiring of the project managers; (b) the appointment of a national steering committee; and (c) nominations to the regional steering committee. In addition, each country needs to provide the World Bank with the legal opinion that the financing agreements are binding and have complied with all the internal legal requirements of the country. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  --  Moderate Macroeconomic  Substantial  --  Substantial Sector Strategies and Policies  Substantial  --  Substantial Technical Design of Project or Program  Substantial  --  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  --  Substantial Fiduciary  Moderate  --  Moderate Environment and Social  Moderate  --  Moderate Stakeholders  Moderate  --  Moderate Other  Substantial  --  Substantial Overall  Substantial  --  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Number of tourists who take the ferries to visit other islands (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 8,005.00 Date 09-May-2016 -- 06-Jul-2017 31-Aug-2023 PHINDPDOTBL  Tourism spending increase at and around pilot sites (%) (Amount(USD), Custom) 7/14/2017 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Baseline Actual (Previous) Actual (Current) End Target Value 5,419,610.00 -- 5,419,610.00 6,351,081.00 Date 09-May-2016 -- 06-Jul-2017 31-Aug-2023 PHINDPDOTBL  Regional tourism market development plan implemented (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 09-May-2016 -- 06-Jul-2017 30-Jun-2022 PHINDPDOTBL  Firms benefiting from private sector initiatives (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,090.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDPDOTBL  Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 11.40 Overall Comments Intermediate Results Indicators 7/14/2017 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) PHINDIRITBL  Number of reforms implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDIRITBL  Number of sites rehabilitated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDIRITBL  Number of ferry passenger terminals with immigration/customs facilities equipped for processing international tourists (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDIRITBL  Centralized ferry system operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 7/14/2017 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) PHINDIRITBL  Number of pilot sites that have incorporated a beneficiary feedback system (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDIRITBL  Regional IT platform implemented (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDIRITBL  Number of country-specific tourism IT platforms upgraded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2021 PHINDIRITBL  Number of international tourism trade fairs in which the clients participated as one region (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 09-May-2016 -- 06-Jul-2017 30-Jun-2023 Overall Comments All indicators for the project and the baseline and target information and data are aggregated across three countries. 7/14/2017 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P152117 IBRD-87340 USD 6.00 6.00 0.00 0.00 6.00 0% Effective Not P152117 IDA-60000 USD 15.00 15.00 0.00 0.00 15.00 0% Effective Not P152117 IDA-60010 USD 5.00 5.00 0.00 0.00 5.00 0% Effective P152117 TF-A0988 Effective USD 0.40 0.40 0.00 0.39 0.01 97% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P152117 IBRD-87340 06-Apr-2017 -- -- 01-Sep-2023 01-Sep-2023 Effective Not P152117 IDA-60000 06-Apr-2017 -- -- 01-Sep-2023 01-Sep-2023 Effective Not P152117 IDA-60010 06-Apr-2017 16-May-2017 -- 01-Sep-2023 01-Sep-2023 Effective P152117 TF-A0988 Effective 17-Dec-2015 23-Dec-2015 23-Dec-2015 01-Dec-2017 01-Dec-2017 Cumulative Disbursements 7/14/2017 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report OECS Regional Tourism Competitiveness (P152117) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 7/14/2017 Page 7 of 7 Public Disclosure Copy