The World Bank Implementation Status & Results Report Djibouti Support for Women and Youth Entrepreneurship (P165558) Djibouti Support for Women and Youth Entrepreneurship (P165558) MIDDLE EAST AND NORTH AFRICA | Djibouti | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 3 | ARCHIVED on 13-Sep-2019 | ISR38383 | Implementing Agencies: Republic of Djibouti - Ministry of Economy and Finance, in Charge of Industry, Center for Leadership and Entrepreneurship Key Dates Key Project Dates Bank Approval Date: 08-Jun-2018 Effectiveness Date: 10-Jan-2019 Planned Mid Term Review Date: -- Actual Mid-Term Review Date: Original Closing Date: 31-Dec-2023 Revised Closing Date: 31-Dec-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project’s development objective is to improve economic opportunities for targeted entrepreneurs. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Building capacity of women and young entrepreneurs:(Cost $6.00 M) Improving access to services, finance, and competitive value chains for women and young entrepreneurs:(Cost $7.00 M) Support for Project Implementation and Monitoring:(Cost $2.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Implementation is advancing smoothly and the CLE team is launching activities as planned:  On the training component, the CLE is entering into an agreement with ADDS for country-wide entrepreneurship training, as well as launching its own training curriculum for a complementary "startup bootcamp" approach.  On the incubation component, the CLE team completed all the operational procedures to operate the incubator, and launched the recruitment of new entrepreneurs through an all-media campaign. The CLE has planned to launch the pre-incubation phase of the first cohort of entrepreneurs by October 2019.  The first Business Plan competition took place in July 2019 and identified two potential incubees. 9/13/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Djibouti Support for Women and Youth Entrepreneurship (P165558)  A round table with all stakeholders in the Entrepreneurial Ecosystem was held in July 2019 and included executives and managers from public and private institutions offering entrepreneurship support services, young entrepreneurs from various consulting, training and consulting firms and various donors. During this round table the CLE launched an Expression of Interest process for ecosystem actors to access the grant component of the project on Reinforcement of the Entrepreneurship Ecosystem.  Capacity building activities under the Access to Finance component took place with the Partial Guarantee Fund.  Meanwhile, as part of that Sector Competitiveness component, the FabLab supported by the project became operational, and two of its trainees were awarded top prizes in the 2019 Pan African Robotic competition. A supervision mission is planned for Fall 2019. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Sustainability Substantial Moderate Moderate Fiduciary Substantial Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Low Low Low Other Low Low Low Overall Moderate Moderate Moderate Results PDO Indicators by Objectives / Outcomes Improving economic opportunities for targeted entrepreneurs IN00738846 ►Number of new firms registered by entrepreneurs accessing project-supported services (% female) (% youth) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,000.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 IN00738847 New firms registered by entrepreneurs accessing project-supported services (% female) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 9/13/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Djibouti Support for Women and Youth Entrepreneurship (P165558) Value 0.00 0.00 0.00 50.00 IN00738848 New firms registered by entrepreneurs accessing project-supported services (% youth) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 IN00738849 ►Number of beneficiaries accessing finance through the project (% female) (% youth) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 IN00738850 Beneficiaries accessing finance under the project (% female) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN00738851 Beneficiaries accessing finance under the project (% youth) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 Intermediate Results Indicators by Components Building capacity of women and young entrepreneurs IN00738852 ►Number of project beneficiaries receiving grants (% female) (% youth) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,300.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 15-Dec-2023 IN00738857 Number of beneficiaries receiving training completion certificates under the project (% female) (%youth) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3,000.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 18-Sep-2023 IN00738859 Number of beneficiaries who won grants from the business plan competitions (% female) (%youth) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 600.00 9/13/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Djibouti Support for Women and Youth Entrepreneurship (P165558) Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 18-Sep-2023 IN00738861 Beneficiaries who won grants from the business plan competitions (% female) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 IN00738862 Beneficiaries receiving training completion certificates under the project (% female) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN00738863 Beneficiaries receiving training completion certificates under the project (% female) (%youth) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 IN00738864 Project beneficiaries receiving grants (% female) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN00738865 Project beneficiaries receiving grants (% youth) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 IN00738866 Beneficiaries who won grants from the business plan competitions (% youth) (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 IN00738867 ►Beneficiaries of business-development services provided through the project (%female) (%youth) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 6,000.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 Improving access to services, finance, andcompetitive value chains for women and young entrepreneurs IN00738853 ►Number of partial-credit guarantees provided through the PCG Fund (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 250.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 18-Sep-2023 IN00738855 9/13/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Djibouti Support for Women and Youth Entrepreneurship (P165558) ►Number of recommendations implemented by CPEC under the restructing action plan developed through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 IN00738858 ►Number of recommendations implemented under value chain action plans developed through the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 IN00738860 ►Amount of commercial financing mobilized through the PCG Fund supported by the Project (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,000,000.00 Date 12-Apr-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 Citizen Engagement IN00738854 ►Project beneficiaries satisfied with training received (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 Date 15-May-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 IN00738856 ►Project beneficiaries satisfied with business development services received (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80.00 Date 15-May-2018 25-Apr-2019 30-Aug-2019 31-Dec-2023 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P165558 IDA-62590 Effective USD 15.00 15.00 0.00 0.75 13.86 5.1% 9/13/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Djibouti Support for Women and Youth Entrepreneurship (P165558) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P165558 IDA-62590 Effective 08-Jun-2018 15-Jul-2018 10-Jan-2019 31-Dec-2023 31-Dec-2023 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 9/13/2019 Page 6 of 6