The World Bank Report No: ISR3017 Implementation Status & Results Turkey Public Disclosure Copy RESTORING EQUITABLE GROWTH AND EMPLOYMENT PROGRAMMATIC DEVELOPMENT POLICY LOAN (P112495) Project Name: RESTORING EQUITABLE GROWTH AND EMPLOYMENT Program Stage: Implementation Seq.No: 2 Status: ARCHIVED Last Modified Date: 12-Apr-2011 PROGRAMMATIC DEVELOPMENT POLICY LOAN (P112495) Country: Turkey Approval FY: 2010 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 23-Mar-2010 Original Closing Date 01-Nov-2010 Planned Mid Term Review Date Last Archived ISR Date 24-Jan-2011 Effectiveness Date 09-Apr-2010 Revised Closing Date 01-Nov-2010 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The program supported by the REGE-DPL focuses on the transition from managing the impact of the global crisis to fiscal adjustment and shared growth and aims to contribute to the following main objectives: (1) economic management; (2) public financial management;(3) affordable universal healthcare and improved educational access; (4) employment; (5) improved investment climate; (6) increased financial intermediation, especially to SMEs. The proposed program supports all three pillars of the Country Partnership Strategy, which are (i) improved competitiveness and employment, (ii) equitable human and social development, and (iii) efficient provision of high-quality public services. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status Overview Fully disbursed Apr 15, 2010. Closed Nov 1, 2010. Results Results Indicators Page 1 of 5 The World Bank Report No: ISR3017 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value UHI coverage 92.80 95.80 97.00 Date Date Date 31-Dec-2008 31-Oct-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Baseline has been updated relative Value chosen to be close to 100 to first ISR percent (Note: end date adjusted relative to first ISR) Indicator Baseline Current End Target Indicator Name Value Value Value Declining combined health and social security deficit as a percentage 4.20 3.90 4.10 of GDP Date Date Date 31-Dec-2009 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Updated in 2011 MTP. Note that Estimate in 2011 MTP (Note: lower Objective is declining value relative this number is 4.5 in the program is better) to baseline 4.20. document Indicator Baseline Current End Target Indicator Name Value Value Value Debt-to-GDP ratio 47.30 42.30 47.80 Date Date Date 31-Dec-2009 01-Dec-2010 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Note that this number is taken from Approximate value from MTP From MTP 2010-12. Objective was the 2010-12 MTP 2011-13 (Note: lower is better) to stabilize the debt to GDP ratio. Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Total credits to SMEs (TL billion) 83.90 115.70 84.00 Date Date Date 31-Dec-2009 30-Nov-2010 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Number Results framework seeks increase relative to baseline Page 2 of 5 The World Bank Report No: ISR3017 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value ISKUR vocational training program reach in the two-year period 60000.00 425479.00 300000.00 2009-10 Date Date Date 31-Dec-2008 31-Dec-2010 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Number Two year running total Two year running total (244528 in Target total for 2009 and 2010 2009) (Target exceeded) Indicator Baseline Current End Target Indicator Name Value Value Value Average days to clear customs 15.00 15.00 14.00 Date Date Date 31-Dec-2009 31-Oct-2010 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Days Results framework seeks decline relative to baseline Indicator Baseline Current End Target Indicator Name Value Value Value Ratio of placements per registered workers with ISKUR services 7.00 9.80 7.10 (public and private providers) Date Date Date 31-Dec-2009 30-Sep-2010 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Results framework seeks an increase Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Value of insurance premia and leasing assets as share of GDP 3.00 2.80 3.10 Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Leasing affected by crisis Results framework seeks increase relative to baseline Page 3 of 5 The World Bank Report No: ISR3017 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Participation in preschool for children 5 years of age in the 32 71.00 93.10 100.00 provinces selected by MONE for the first stage Date Date Date 01-Sep-2009 01-Sep-2010 01-Sep-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage "Universal" Indicator Baseline Current End Target Indicator Name Value Value Value Social security administrative structure unified Yes Yes Yes Date Date Date 31-Dec-2009 31-Dec-2010 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Yes/No Note that this was a prior action for the operation therefore by definition achieved at loan approval Data on Financial Performance (as of 02-Nov-2010) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P112495 IBRD-78580 Closed 23-Mar-2010 24-Mar-2010 09-Apr-2010 01-Nov-2010 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P112495 IBRD-78580 Closed USD 1,300.00 1,300.00 0.00 1,260.25 0.00 97.00 Public Disclosure Copy Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation None Page 4 of 5 The World Bank Report No: ISR3017 Restructuring History There has been no restructuring to date. Public Disclosure Copy Related Operations P071052-Programmatic Public Sector Development Policy Loan (PPDPL), P088837-Second Programmatic Public Sector Development Policy Loan (PPDPL 2), P112495- RESTORING EQUITABLE GROWTH AND EMPLOYMENT PROGRAMMATIC DEVELOPMENT POLICY LOAN, P123073-Second Restoring Equitable Growth and Employment Programmatic Development Policy Loan Public Disclosure Copy Page 5 of 5