The World Bank Report No: ISR13193 Implementation Status & Results Uruguay Supporting the Ministry of Finance to promote Uruguay's economic potential (P124966) Public Disclosure Copy Operation Name: Supporting the Ministry of Finance to promote Uruguay's Project Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 18-Mar-2014 economic potential (P124966) Country: Uruguay Approval FY: 2011 Product Line: Institutional Development Fund Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Implementing Agency(ies): Ministry of Economy and Finances (MEF) Key Dates Board Approval Date 27-Feb-2011 Original Closing Date 30-Aug-2014 Planned Mid Term Review Date 10-Dec-2013 Last Archived ISR Date 06-Mar-2012 Effectiveness Date 30-Aug-2011 Revised Closing Date 30-Aug-2014 Actual Mid Term Review Date 13-Feb-2014 Project Development Objectives Project Development Objective (from IDF Proposal) The main development objective of this project is to enhance Uruguay#s presence in the international arena by strengthening the capacity of the Ministry of Economy and Finance (MEF), through its units of debt management and communications, in knowledge, experience sharing and communication. The three dimensions of this objectives can be described as follows: A) Enhance the visibility of Uruguay#s competitive advantage internationally B) Strengthen capacity of the MEF in communication C) Strengthen capacity of the MEF in knowledge and experience sharing with other countries Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Supporting the redefinition of the Communication Unit to enhance professionalization 161100.00 Promoting Uruguay as an investment destination of choice 144400.00 Public Disclosure Copy Strengthen capacity of MEF in knowledge and experience sharing with other countries 95500.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Satisfactory Overall Risk Rating Low Implementation Status Overview Page 1 of 3 The World Bank Report No: ISR13193 The Project Coordinating Unit (PCU) has made progress on the implementation of activities under components 1, 2 and 3. Under Component 1, the PCU has concluded the initial assessment of the Communications Units within the Ministry of Finance; the development of the Operations and technical manuals and have started to develop their results based communication strategy. Under Component 2, Uruguay is advancing in implementing the concept "Investment destination of choice, in this context, the project is supporting the efforts of Uruguay XXI and SICEX. Under Component 3, through South-South cooperation and a peer-to-peer learning, Uruguay is expected to enhance its own capacity in key Public Disclosure Copy development policy areas and to help build capacity in other countries by contributing to finding solutions for global development challenges. The first peer learning activity took place with an exchange with New Zealand on Result Based Budgeting, which was very successful. Locations No Location data has been entered Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of news releases and communications Text Value 0 0 40 per year with media and citizens done using the new Date 01-Feb-2011 27-Feb-2012 30-Dec-2013 acquire skills Comments since training activities are going to take place in 2014, we can measure the use of the new skills yet. Percentage of increase in foreign direct Text Value 1 0 40 per year investment in Uruguay Date 01-Feb-2011 27-Feb-2012 30-Dec-2013 Comments Number of Ministry Staff participating in south Text Value 0 6 (revisar) 20 south exchanges Date 01-Feb-2011 27-Feb-2012 30-Dec-2013 Comments Data on Financial Performance (as of 16-Dec-2013) Public Disclosure Copy Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P124966 TF-99448 Effective 30-Aug-2011 30-Aug-2011 30-Aug-2011 30-Aug-2014 30-Aug-2014 Disbursements Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P124966 TF-99448 Effective USD 0.42 0.42 0.00 0.16 0.26 39.00 Disbursement Graph Page 2 of 3 The World Bank Report No: ISR13193 Public Disclosure Copy Key Decisions Regarding Implementation disclose Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3