The World Bank Report No: ISR9799 Implementation Status & Results Cambodia Cambodia Agribusiness Access to Finance Project (P121809) Public Disclosure Copy Operation Name: Cambodia Agribusiness Access to Finance Project Project Stage: Implementation Seq.No: 3 Status: ARCHIVED Archive Date: 20-Mar-2013 (P121809) Country: Cambodia Approval FY: 2011 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Financial Intermediary Loan Implementing Agency(ies): Key Dates Board Approval Date 16-Dec-2010 Original Closing Date 31-Dec-2018 Planned Mid Term Review Date 16-Sep-2013 Last Archived ISR Date 04-Sep-2012 Effectiveness Date 05-May-2011 Revised Closing Date 31-Dec-2018 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The Development Objective of the project is to increase the sustainable flow of credit to the agribusinesses sector. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Risk Sharing Facility 5.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Unsatisfactory Public Disclosure Copy Overall Risk Rating Substantial Implementation Status Overview The progress towards increasing the sustainable flow of credit to agribusinesses has been mixed. While the overall lending volumes are below those of targets, those loans which have been made to small and medium enterprises (SMEs) agribusinesses have had a significant development impact. However, risks remain substantial due to limited progress in developing a viable lending pipeline by the Participating Financial Intermediary (PFI) and limited progress in identifying new banks which could join the Risk Sharing Facility. Locations No Location data has been entered Page 1 of 3 The World Bank Report No: ISR9799 Results Project Development Objective Indicators Public Disclosure Copy Indicator Name Core Unit of Measure Baseline Current End Target Value of loans disbursed to agribusiness SMEs Amount(USD) Value 0.00 5325889.00 50000000.00 Date 30-Apr-2011 31-May-2012 Comments The data is specific to First PFI (ANZ Royal Bank) Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Repayment/NPL Percentage Value 4.80 0.00 5.00 Date 31-Dec-2010 31-May-2012 Comments The baseline data is specific The data is specific to First Less than 5% to First PFI (ANZ Royal Bank) PFI (ANZ Royal Bank) Period Return on Assets (ROA) for PFIs Percentage Value 1.30 1.70 1.50 Date 31-Dec-2010 Comments The baseline data is specific The data is specific to First >1.5% to First PFI (ANZ Royal Bank) PFI (ANZ Royal Bank) Average outstanding portfolio balance of Amount(USD) Value 140155.00 250000.00 agribusiness SME loans and amount Date 31-May-2012 Comments The data is specific to First PFI (ANZ Royal Bank) Data on Financial Performance (as of 01-Jun-2011) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date Public Disclosure Copy P121809 IDA-48390 Effective 16-Dec-2010 11-Feb-2011 05-May-2011 31-Dec-2018 31-Dec-2018 P121809 IDA-H6340 Effective 16-Dec-2010 11-Feb-2011 05-May-2011 31-Dec-2018 31-Dec-2018 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P121809 IDA-48390 Effective XDR 1.60 1.60 0.00 0.31 1.29 20.00 P121809 IDA-H6340 Effective XDR 1.60 1.60 0.00 1.56 0.04 98.00 Disbursement Graph Page 2 of 3 The World Bank Report No: ISR9799 Public Disclosure Copy Key Decisions Regarding Implementation IFC/IDA team is working with the PFI to resolve the issues stifling pipeline development, and to identify changes needed in the project parameters which will be addressed through a possible project restructuring to unlock commercial bank lending to agribusinesses. It is expected that this issue can be resolved by May 2013. Restructuring History Level two Approved on 13-Sep-2012 Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3