The World Bank Report No: ISR5295 Implementation Status & Results Kazakhstan Agricultural Post-Privatization Assistance 2 Project (APL Phase 2) (P058015) Public Disclosure Copy Operation Name: Agricultural Post-Privatization Assistance 2 Project (APL Project Stage: Implementation Seq.No: 14 Status: ARCHIVED Archive Date: Phase 2) (P058015) Country: Kazakhstan Approval FY: 2005 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Adaptable Program Loan Implementing Agency(ies): Ministry of Agriculture Key Dates Board Approval Date 13-Dec-2004 Original Closing Date 31-Dec-2009 Planned Mid Term Review Date 31-Oct-2007 Last Archived ISR Date 14-Aug-2011 Effectiveness Date 28-Feb-2006 Revised Closing Date 31-Dec-2011 Actual Mid Term Review Date 11-Nov-2007 Project Development Objectives Project Development Objective (from Project Appraisal Document) APPAP-II's principal objective is to enhance the access to commercial financial services by farmers and small/medium size rural enterprises. APPAP-II will build on APPAP-I achievements by: (a) building capacity for viable rural businesses through strengthening and expanding the rural advisory services program; (b) supporting agricultural risk management initiatives; (c) facilitating the development and implementation of new financial instruments by commercial banks and leasing companies for deepening rural financial outreach; and (d) supporting sustainable rural micro-finance schemes for providing financial services to rural micro entrepreneurs that are currently excluded from the formal banking sector." Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost RURAL FINANCIAL ADVISORY SERVICES 0.01 AGRICULTURAL RISK MANAGEMENT 0.01 RURAL OUTREACH BY MAINSTREAM FINANCIAL INSTITUTIONS 6.44 Public Disclosure Copy RURAL MICRO FINANCE DEVELOPMENT 0.41 PROJECT MANAGEMENT 0.01 UNALLOCATED/CONTINGENCIES 0.01 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Page 1 of 5 The World Bank Report No: ISR5295 Implementation Status Overview The project will be closed on December 31, 2011. Project achieved results are as follows: Component 1 (Rural Financial Advisory Services) supported the training of about 60 regional (oblast) level and 600 local (village) private consultants to establish a nationwide, financial consulting network. This training was provided by experienced trainers, and the entire training program was managed by a Training Management Company (TMC) hired under the Project. Component 2 (Agricultural Risk Management) supported development of Public Disclosure Copy the Feasibility Study of the Agriculture Crop Insurance in Kazakhstan, which was produced jointly with the agricultural insurance experts of the World Bank and a local consulting company financed from the project proceeds. The Price Risk Management sub-component under Component 2 was canceled due to the changing market and institutional situation. Component 3 (Rural Outreach by Mainstream Financial Institutions) activities organized training of about 800 credit officers from commercial banks on topics of Investment Lending and Structured Finance in Agriculture. The credit line of the Component 3 financed about 80 (as of November 1, 2011) sub-projects of farming and other businesses in rural area in the total amount of US $16 million (including co-financing from the budget and the participating financial institution). Component 4 (Rural Microfinance Development) supported training of 300 specialists from microcredit organizations were extensively trained in management of microfinance institutions, new rural financial products and borrowing from commercial sources. Capacity of the Association of the Microfinance Organizations of Kazakhstan (AMFOK) was significantly strengthened with focused capacity building activity. The credit line under Component 4 was cancelled due to limited demand from qualified microfinance institutions, and inability of interested microfinance institutions to meet the eligibility criteria set forth under the project. Locations No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Growth in rural lending due to the project Amount(USD) Value 0.00 16000000.00 16000000.00 Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments Original indicator, target revised as a result of restructuring The amount includes also the co-financing from the budget and the PFIs Intermediate Results Indicators Public Disclosure Copy Indicator Name Core Unit of Measure Baseline Current End Target Number of individual consultants and firms Number Value 0.00 600.00 600.00 trained for providing rural financial advisory services Date 17-Nov-2004 31-Dec-2011 31-Dec-2011 Comments Original indicator, original target Number of farmers using services of the private Number Value 0.00 7000.00 17000.00 consultants Date 17-Nov-2004 01-Nov-2011 Page 2 of 5 The World Bank Report No: ISR5295 Comments Original indicator, original target The number will be updated after the completion of the on- Public Disclosure Copy going M&E activities Volume of Bank Support: Lines of Credit - SME Amount(USD) Value 0.00 6450000.00 6450000.00 Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments Core indicator, added during the implementation Volume of Bank Support: Institutional Amount(USD) Value 0.00 321000.00 400000.00 Development - SME Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments Core indicator, added during the implementation Activities successfully completed, with budget savings Number of MFIs that graduate into superior Number Value 0.00 4.00 4.00 performance where they qualify for borrowing from commercial sources Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments Original indicator, revised target Volume of Bank Support: Institutional Amount(USD) Value 0.00 530000.00 580000.00 Development - Microfinance Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments Core indicator, added during the implementation Activities successfully completed, with budget savings Loans/leases provided by the PFIs from the Number Value 0.00 80.00 100.00 Public Disclosure Copy credit facility Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments Original indicator, revised target The final number will be aviaiable by December 31, 2011, lending still on-going Repayment rate to the PFIs of 98% Percentage Value 0.00 99.00 98.00 Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Page 3 of 5 The World Bank Report No: ISR5295 Indicator Name Core Unit of Measure Baseline Current End Target Comments Original indicator, original target Public Disclosure Copy Rayons where aggricultural weather stations Number Value 0.00 6.00 6.00 equipped and upgraded Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments New indicator, new target Oblasts where the insurance sheme was Number Value 0.00 8.00 8.00 analysed and recommendations provided Date 17-Nov-2004 01-Nov-2011 31-Dec-2011 Comments New indicator, new target Data on Financial Performance (as of 07-Dec-2011) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P058015 IBRD-47630 Effective 13-Dec-2004 01-Apr-2005 28-Feb-2006 31-Dec-2011 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P058015 IBRD-47630 Effective USD 35.00 6.93 28.07 6.85 0.09 99.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR5295 Public Disclosure Copy Key Decisions Regarding Implementation There are no decisions for disclosure. Restructuring History CD Approved on 16-Dec-2008, Level two Approved on 09-Nov-2010, Level two Approved on 18-Nov-2011 Related Projects There are no related projects. Public Disclosure Copy Page 5 of 5