Public Disclosure Copy The World Bank Implementation Status & Results Report Tunisia Business Environment and Entrepreneurship DPF (P158111) Tunisia Business Environment and Entrepreneurship DPF (P158111) MIDDLE EAST AND NORTH AFRICA | Tunisia | Macro Economics & Fiscal Management Global Practice | IBRD/IDA | Development Policy Lending | FY 2017 | Seq No: 1 | ARCHIVED on 22-Dec-2017 | ISR30842 | Implementing Agencies: Ministry of Development Investment and International Cooperation, Ministry of Development Investment and International Cooperation Key Dates Key Project Dates Bank Approval Date:13-Jun-2017 Effectiveness Date:16-Aug-2017 Planned Mid Term Review Date:-- Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2018 Revised Closing Date:31-Dec-2018 Program Development Objectives Program Development Objective (from Program Document) Project Development Objective (Note: will be disclosed in the MOS) the Monthly Operational Summary when applicable) The DPL is a component of the World Bank's new proposed CPF to support Tunisia's efforts to renew its social contract by defining an economic model with opportunities for those left behind. The objective of the DPL is to help Tunisia accelerate growth, unleash faster private sector job creation and more economic opportunities for the youth by strengthening the business environment, the financial sector, and promoting the inclusion of lagging regions and the youth. The policy pillars supported by this DPL will: (i) follow-up on the unfinished reform agenda supported by the Governance, Opportunities and Jobs DPL series; (ii) engage in new policy areas including fiscal reform, civil service reform, and establishing the foundations for supporting regional development strategies in lagging regions and reforms to create more opportunities for the youth. Board Schedule Comments PHRPDODEL Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Moderately Satisfactory Overall Implementation Progress (IP)  --  Moderately Satisfactory Overall Risk Rating  --  High Implementation Status and Key Decisions The mission noted several delays in the implementation of this program that requires government action to advance the reforms. Risks 12/22/2017 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Tunisia Business Environment and Entrepreneurship DPF (P158111) Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  High  --  High Macroeconomic  High  --  High Sector Strategies and Policies  Moderate  --  Moderate Technical Design of Project or Program  Moderate  --  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  --  Substantial Fiduciary  Moderate  --  Moderate Environment and Social  Moderate  --  Moderate Stakeholders  Substantial  --  Substantial Other  --  --  -- Overall  High  --  High Results Results Indicators PHINDIRITBL  Number of anti-competitive practices prevented or eliminated. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.00 -- 3.00 6.00 Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 PHINDIRITBL  Publication and availability on the website of the MDICI of the following: (i) the list of activities subject to investment entry authorization, the deadlines, procedures and the terms and conditions (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Mapping of authorizations is being All information finalized and is expected and documents to be adopted and are readily Value None -- published by March available on the 2018. Adoption through website of a government decree. MDICI Template webpage has been developped Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 12/22/2017 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Tunisia Business Environment and Entrepreneurship DPF (P158111) PHINDIRITBL  Share of investment projects for which a feasibility study including a cost-benefit analysis has been completed during the pre- investment phase (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 40.00 -- 70.00 80.00 Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 Comments At October 30, 2017 the indicator reached 70% for the three Ministries in which implementation has been started. These three Ministries account for 70 to 75% of public investment. PHINDIRITBL  Container dwell time (in days) (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 16.60 -- 17.00 12.00 Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 Comments In 2016, the indicator (container dwell time) fluctuated between 14 and 20 days and averaging 16.6 days. In 2017 (between January and august), the indicator averaged 17 days. PHINDIRITBL  Volume of capital investment (million of Tunisia Dinar) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 200.00 -- 200.00 300.00 Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 Comments Baseline is average in 2012-15. End target is average in 2017-18. 12/22/2017 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Tunisia Business Environment and Entrepreneurship DPF (P158111) PHINDIRITBL  Number of private credit bureau licensed and operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1.00 Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 PHINDIRITBL  Number of bankruptcy cases initiated under the new law (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 30-Dec-2016 -- 30-Oct-2017 31-Dec-2018 PHINDIRITBL  Number of FOPROLOS loans (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 286.00 -- 1,000.00 600.00 Date 30-Dec-2016 -- 31-Oct-2016 31-Dec-2018 Comments Baseline is average in 2013-15. Target is average in 2017-18. Actual is number of loans in 2017. Overall Comments Data on Financial Performance Disbursements (by loan) 12/22/2017 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Tunisia Business Environment and Entrepreneurship DPF (P158111) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P158111 IBRD-87610 Effective USD 500.00 500.00 0.00 537.36 0.00 107% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P158111 IBRD-87610 Effective 13-Jun-2017 13-Jun-2017 16-Aug-2017 31-Dec-2018 31-Dec-2018 Tranches Restructuring History There has been no restructuring to date. Related Operations There are no related projects. 12/22/2017 Page 5 of 5 Public Disclosure Copy