The World Bank Report No: ISR12315 Implementation Status & Results Colombia CO: Enhancing Fiscal Capacity to Promote Shared Prosperity DPL (P145605) Public Disclosure Copy Project Name: CO: Enhancing Fiscal Capacity to Promote Shared Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 23-Feb-2014 Prosperity DPL (P145605) Country: Colombia Approval FY: 2014 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 06-Sep-2013 Original Closing Date 31-Dec-2014 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 09-Sep-2013 Revised Closing Date 31-Dec-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) To support the Government of Colombia in improving fiscal, territorial, and gender equity through specific actions in targeted policy areas, while enhancing access to information and accountability in public spending. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview The Colombia Enhancing Fiscal Capacity to Promote Shared Prosperity DPL (P145605) was approved by the World Bank's Executive Board and signed on September 6, 2013. The Public Disclosure Copy project was declared effective on September 9, 2013 and the loan was fully disbursed for US$600,000,000 on September 12, 2013. Results Results Indicators Page 1 of 4 The World Bank Report No: ISR12315 Indicator Name Core Unit of Measure Baseline Current End Target Total direct tax revenues paid by the top .4 Percentage Value 0.23 0.28 percent of earners as a percentage of GDP Date 31-Dec-2012 31-Dec-2014 Public Disclosure Copy Comments Indicator information measured on a yearly basis. 2013 data will be available by the end of Q1 2014. Tax revenue from CREE as a percentage of Percentage Value 0.00 0.35 0.61 GDP Date 31-Dec-2012 31-Dec-2013 31-Dec-2014 Comments Number of projects approved by OCAD and Number Value 0.00 4597.00 1500.00 under contract that correspond to the new Date 31-Dec-2012 06-Nov-2013 31-Dec-2014 General System of Royalties Comments Of a total of 4,597 approved projects, 510 correspond to regional OCAD, 1,044 to Departamental OCAD, 2,817 to Municipal OCAD, 199 of Science and Technology OCAD, and the remaining 27 to CORMAGDALENA and CORPORACIONES. Share of eligible beneficiaries receiving the Percentage Value 35.00 49.17 42.00 Colombia Mayor Program subsidy Date 31-Dec-2012 31-Dec-2013 31-Dec-2014 Comments The Colombia Mayor Program received additional funding after the approval of the DPL which allowed the program to increase the percentage of eligible beneficiaries receiving the program subsidy past the end target of 42%. Public Disclosure Copy Total budget assigned to finance provision of Percentage Value 0.00 0.01 specific measures to protect women who are Date 31-Dec-2012 31-Dec-2014 victims of gender violence (defined in Decree Comments Indicator data will be made No. 2734) as a percentage of the National Current Expenditures available by mid-2014 and will be included in the next ISR. Page 2 of 4 The World Bank Report No: ISR12315 Percentage of the information related to budget Percentage Value 85.00 100.00 execution with respect to the total amount of Date 31-Dec-2012 31-Dec-2014 the National Budget that is publishedin the Comments Indicator data will be made transparency portal on a daily basis Public Disclosure Copy available by mid-2014 and will be included in the next ISR. Percentage of information related to revenue Percentage Value 0.00 80.00 collection with respect to the total amount of Date 31-Dec-2012 31-Dec-2014 the National Budget that is published in the Comments Indicator information transparency portal on a daily basis measured on a yearly basis. 2013 data will be available by the end of Q1 2014. Endorsement of annual release of monetary Number Value 0.00 1.00 1.00 and multidimensional poverty indicators and its Date 31-Dec-2012 31-Dec-2013 31-Dec-2014 corresponding micro-data by the Monetary Comments The 2013 annual Poverty Expert Committee and the Multidimensional Expert Committee endorsement and publication of the monetary and multidimensional poverty indicators and relevant micro- data took place in April 2013. The 2014 endorsement and publication is expected to occur in April 2014. Data on Financial Performance (as of 12-Sep-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P145605 IBRD-82870 Effective 06-Sep-2013 06-Sep-2013 09-Sep-2013 31-Dec-2014 31-Dec-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Public Disclosure Copy P145605 IBRD-82870 Effective USD 600.00 600.00 0.00 600.00 0.00 100.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status Page 3 of 4 The World Bank Report No: ISR12315 0 Pending Released Key Decisions Regarding Implementation Public Disclosure Copy No key decision for disclosure. Restructuring History There has been no restructuring to date. Related Operations There are no related projects. Public Disclosure Copy Page 4 of 4