The World Bank Report No: ISR2126 Implementation Status & Results Kazakhstan Public Disclosure Copy Agricultural Post-Privatization Assistance 2 Project (APL Phase 2) (P058015) Operation Name: Agricultural Post-Privatization Assistance 2 Project (APL Project Stage: Implementation Seq.No: 12 Status: ARCHIVED Last Modified Date: 27-Dec-2010 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 Last Archived ISR Date 31-Mar-2010 Effectiveness Date 28-Feb-2006 Revised Closing Date 31-Dec-2011 Actual Mid Term Review Date 18-Apr-2008 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 builds 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 0.00 Public Disclosure Copy AGRICULTURAL RISK MANAGEMENT 0.00 RURAL OUTREACH BY MAINSTREAM FINANCIAL INSTITUTIONS 15.00 RURAL MICRO FINANCE DEVELOPMENT 0.40 PROJECT MANAGEMENT 0.00 UNALLOCATED/CONTINGENCIES 1.35 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Unsatisfactory Moderately Satisfactory Page 1 of 5 The World Bank Report No: ISR2126 Previous Rating Current Rating Public Disclosure Copy Overall Risk Rating Implementation Status Overview The progress towards implementing the project development objectives is quite good. Implementation of the Rural Financial Advisory Service Component has been completed, but monitoring of the use of consultant services is on-going. The technical assistance for capacity building of commercial banks and microfinance institutions was completed very successfully. The Credit Line for financing of agricultural and other rural businesses has picked up pace. To date, 39 sub-loans for the total amount of US$ 11.1 million have been financed, of which US$ 8.8 million from the Credit Line and US$ 2.3 million were co-financed by the participating Financial Institutions. A partial cancellation of IBRD loan in the amount of US$19.6 million was processed in early October 2010. Following a corresponding cancellation to be completed by the Government of Kazakhstan in the nearest future, the total project cost will be reduced to US$35.7 million, of which IBRD finances US$15 million and the GOK - US$20.3 million. Results Project Development Objective Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Growth in rural lending due to the project $0.0 (since we are measuring $11.1 million $37.5million incremental change) Date Date Date 29-Nov-2010 31-Dec-2011 Type Unit of Measure 17-Nov-2004 Comment Comment Custom Indicator Text Comment Of the above, the Credit Line provided US$8.8 million and US $2.3 million is co-financing by PFIs Intermediate Results Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Public Disclosure Copy Number of farmers using the private advisory services consultants 0 6,100 17,000 Date Date Date 17-Nov-2004 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text Page 2 of 5 The World Bank Report No: ISR2126 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Number of crop insurance contracts issued 0 0 7,000 Date Date Date 17-Nov-2004 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text The assignment has been redesigned; this indicator will be canceled Indicator Baseline Current End Target Indicator Name Value Value Value Number of contracts traded on the Commodity Exchange 0 0 15,000 Date Date Date 17-Nov-2005 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text The assignment has been canceled; the indicators will also be canceled Indicator Baseline Current End Target Indicator Name Value Value Value Loans/leases issued by PFIs from the Credit Facility 0 39 200 Date Date Date 17-Nov-2004 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Number of MFIs that graduate into superior performance where they 0 4 2 qualify for borrowing from commercial sources Date Date Date 17-Nov-2004 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text Page 3 of 5 The World Bank Report No: ISR2126 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Volume of Bank Support: Lines of Credit - Microfinance 410000.00 0.00 Date Date Date 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Core Indicator Amount(USD) Microfinance credit line has been canceled; the outstanding amount will be returned to the special account Indicator Baseline Current End Target Indicator Name Value Value Value Volume of Bank Support: Lines of Credit - SME 8800000.00 30000000.00 Date Date Date 29-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Core Indicator Amount(USD) Indicator Baseline Current End Target Indicator Name Value Value Value Volume of Bank Support: Institutional Development - Microfinance 530000.00 580000.00 Date Date Date 31-Dec-2011 Type Unit of Measure Comment Comment Comment Core Indicator Amount(USD) Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Volume of Bank Support: Institutional Development - SME 321000.00 400000.00 Date Date Date 31-Dec-2011 Type Unit of Measure Comment Comment Comment Core Indicator Amount(USD) Data on Financial Performance (as of 17-Nov-2010) Financial Agreement(s) Key Dates Page 4 of 5 The World Bank Report No: ISR2126 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 Public Disclosure Copy Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P058015 IBRD-47630 Effective USD 35.00 15.41 19.59 5.85 9.56 38.00 Disbursement Graph Key Decisions Regarding Implementation There are no decisions for disclosure. Public Disclosure Copy Restructuring History CD Approved on 16-Dec-2008, Level two Approved on 09-Nov-2010 Related Projects There are no related projects. Page 5 of 5