The World Bank Report No: ISR9994 Implementation Status & Results Peru Second Results and Accountability (REACT) Development Policy Loan-Deferred Drawdawn Option (P101177) Public Disclosure Copy Project Name: Second Results and Accountability (REACT) Development Program Stage: Implementation Seq.No: 8 Status: ARCHIVED Archive Date: 23-Apr-2013 Policy Loan-Deferred Drawdawn Option (P101177) Country: Peru Approval FY: 2009 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 09-Apr-2009 Original Closing Date 31-Dec-2010 Planned Mid Term Review Date Last Archived ISR Date 21-Sep-2012 Effectiveness Date 26-Oct-2009 Revised Closing Date 08-Sep-2015 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The REACT DPL series supports policies which are expected to lead to: (1) improved parental understanding of expected outcomes in education, health and nutrition; (2) to improved outcomes in second grade literacy (especially in rural schools); (3) reduced maternal and neo-natal mortality; and (4) better nutrition outcomes. 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 Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status Overview The Government achieved all of the prior actions defined in the DPL policy matrix. An extension of the closing date for 3 years was approved by the RVP and the Bank has Public Disclosure Copy established September 8, 2015 as the new closing date of the loan. However the policy reform program has been successfully completed. Results Results Indicators Page 1 of 3 The World Bank Report No: ISR9994 Indicator Name Core Unit of Measure Baseline Current End Target Peruvian children born after 2008 automatically Text Value No. Yes. receive a CUI when their birth is registered. Date 31-Dec-2005 08-Feb-2011 31-Dec-2010 Public Disclosure Copy (verification: RENIEC). Comments This reform was introduced in This goal has been fully met 2006 and has since been consolidated Participation rate in censal evaluation of Text Value 0% schools >90% second grade educational attainment 0% students >80% Date 31-Dec-2005 31-Dec-2010 31-Dec-2010 Comments The Universal standard test The system is now well This target has been met system was implemented for established with good quality the first time in 2006 control and results dissemination. Rural Institutional Birth coverage (source Text Value 42.2% 70% ENDES). Date 31-Dec-2005 31-Dec-2009 31-Dec-2011 Comments The growth of rural IB This target for 2011 is unlikely coverage is positive but is to be met on the present trend lagging behind the target of 2011 [62.5%] 2010 [61.9%] 70% in 2011; to be on target it should have reached62% in 2009. Average frequency of nutritional monitoring of Text Value -in the 1st year of life: 3.3 -in the 1st year of life: 4.0 children (CRED controls) per year (2005) -in the 2nd year of life: 2.0 -in the 2nd year of life: 1.6 (data 2009) (2005) Date 31-Dec-2005 31-Dec-2009 31-Dec-2010 Comments This target has been met Data on Financial Performance (as of 08-Jun-2012) Public Disclosure Copy Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P101177 IBRD-76680 Effective 09-Apr-2009 08-Sep-2009 26-Oct-2009 31-Dec-2010 08-Sep-2015 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P101177 IBRD-76680 Effective USD 330.00 330.00 0.00 20.00 310.00 6.00 Tranches Page 2 of 3 The World Bank Report No: ISR9994 Tranche 1 Description Single Tranche Public Disclosure Copy Amount (USD) Expected Release Date Actual Release Date Status 330,000,000 26-Oct-2009 Pending Released Tranche Condition Description Status If Not Met If Delayed No withdrawal shall be made from the Loan Account until the Bank has received payment in Met full of the Front-end Fee Not Met Key Decisions Regarding Implementation Disclosure took place after Board approval, as agreed with the Government of Peru. Restructuring History There has been no restructuring to date. Related Operations P101086-Results and Accoutability (REACT) DPL, P101177-Second Results and Accountability (REACT) Development Policy Loan-Deferred Drawdawn Option, P116264-Third Results & Accountability (REACT) Programmatic DPL Public Disclosure Copy Page 3 of 3