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 | Macroeconomics, Trade and Investment Global Practice | IBRD/IDA | Development Policy Lending | FY 2017 | Seq No: 2 | ARCHIVED on 04-Jan-2019 | ISR35213 | 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 modelwith 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 andreforms 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  Moderately Unsatisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  High  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 1/4/2019 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  High Macroeconomic  High  High  High Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Moderate  Moderate  Moderate Environment and Social  Moderate  Moderate  Moderate Stakeholders  Substantial  Substantial  Substantial Other  --  --  -- Overall  High  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 3.00 6.00 Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 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 finalized and is All documents have All information expected to be adopted been published in the and documents and published by Official Gazette and are are readily Value None March 2018. Adoption available on the website available on the through a government of the MDICI. website of decree. Template MDICI webpage has been developped Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 31-Dec-2018 1/4/2019 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 80.00 Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 31-Dec-2018 PHINDIRITBL  Container dwell time (in days) (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 16.60 17.00 17.00 12.00 Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 31-Dec-2018 PHINDIRITBL  Volume of capital investment (million of Tunisia Dinar) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 200.00 200.00 421.00 300.00 Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 31-Dec-2018 PHINDIRITBL  Number of private credit bureau licensed and operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 31-Dec-2018 1/4/2019 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 bankruptcy cases initiated under the new law (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 136.00 200.00 Date 30-Dec-2016 30-Oct-2017 30-Oct-2018 31-Dec-2018 Comments Two implementing decrees of the law have been adopted and published in the Official Gazette : (i) Government Decree No. 2017-1356 of 13/12/2017 on the composition and methods of operation of the the commission for monitoring economic enterprises and determining its supervisory authority; and (ii) Government Decree No. 201-463 of 31/05/2018 concerning the determination of the criteria and procedures for the notification of early warning signs of economic difficulties. As for the decree stipulated in Article 474 of the law, it is being prepared by the Ministry of Finance; its date of submission to the Presidency of the Government for approval was not communicated to the mission. The number of bankruptcy initiated is 136 cases initiated in the cities of Tunis, Sfax, Sousse - the Ministry is collecting data from the remaining 25 courts. PHINDIRITBL  Number of FOPROLOS loans (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 286.00 1,000.00 453.00 600.00 Date 30-Dec-2016 31-Oct-2016 30-Oct-2018 31-Dec-2018 Overall Comments Data on Financial Performance Disbursements (by loan) 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 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date 1/4/2019 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Tunisia Business Environment and Entrepreneurship DPF (P158111) 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. 1/4/2019 Page 5 of 5 Public Disclosure Copy