MULTITRANCHE FINANCING FACILITY ANNUAL REPORT 2012 · 2014. 10. 3. · 2012 20 (UKG) 12.4 (DEN) Low E: B IR: B IP: C - Tranche 4 (Grant : 0332) 18 Dec 2012 200 (ADF) 35% Not yet signed

1

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MULTITRANCHE FINANCING FACILITY ANNUAL REPORT 2012

CENTRAL AND WEST ASIA DEPARTMENT

Table 1: List of Multitranche Financing Facility Approvals, 2005–2012

DMC/MFF

Approval Date

Sector Theme Instru-ment Type

MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

AFGHANISTAN 2011

Transport Network Development Investment Program

- Tranche 1

(Grant 0261, Grant 0262)

19 Sep 11

12 Oct 11

T&ICT RCI GRO CAD

Gr Pr 683 (ADF) 33 (AITF)

189 (ADF)

28%

19 Oct 11

31 Oct 11

33 (AITF)

Complex

E: B IR: A IP: C

- Tranche 2 (Grant: 0327, Grant

0328)

10 Dec 12

T&ICT

RCI

GRO CAD

Gr

Pr

$176 (ADF)

25%

Not yet signed

60 (AITF)

Complex

E: B IR: A IP: C

2009 Water Resources Development Investment Program

23 Sep 09 ANR GRO, ENV, CAD

Gr Pr 303.3 (ADF: 300, UKG: 3.3)

Low

E: B IR: B IP: C

- Tranche 1 (Grant 0167, Grant 0170)

6 Oct 09 86.6 (ADF) 29% 11 Nov 09 8 Jan 10 3.3 (UKG)

2008

Energy Sector Development Investment Program

28 Nov 08 EN GRO, CAD

Gr Pr 570(ADF)

- Tranche 1 (Grant 0134)

2 Dec 08 164(ADF) 29% 1 Feb 09 26 May 09 12 (JFPR)

Low E: B IR: C IP: C


3 Dec 09

81.5(ADF)

14%

21 Jan 10

22 Feb 10

E: B IR: B IP: C

2

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

- Tranche 3 (Grant 0280) (Grant 0281) (Grant 0282)

22 Dec 11

43(ADF)

8%

21 Jan 2012

20 Mar 2012

20 (UKG)

12.4 (DEN)

Low E: B IR: B IP: C

- Tranche 4 (Grant : 0332)

18 Dec 2012

200 (ADF) 35% Not yet signed


Road Network Development Investment Program

28 Nov 08

T&ICT

GRO, GOV

Gr

Pr

400(ADF)


(Supplementary financing to Loans 2140[SF] and 2257[SF])

02 Dec 08 T&ICT RCI GRO GEN

Gr Pr 60(ADF)

15% 01 Feb 09 04 May 09 Low E: B IR: C IP: C

- Tranche 2 (Grant 0244) (Supplementary financing to Grants 0012[SF] and 0081[SF])

21 Dec 10 T&ICT RCI GRO CAD

Gr Pr 310(ADF)

77% 17 Jan 11 12 Sep 11 30 (AITF) (Grant 0291)


ARMENIA 2011

Sustainable Urban Development Investment Program

- Tranche 1 (Loan

2752[SF])

29 Mar 11

9 May 11

T & ICT

GRO L Pr 400 (OCR: 220, ADF: 180)

48.22(ADF)

12%

19 May 11

19 Jul 11

Complex

E: B IR: A IP: C

2009 North-South Road Corridor Investment Program

29 Sep 09

T&ICT

RCI, GRO, PSD

L

Pr

500

(OCR: 440, ADF: 60)

Low

E: B IR: C IP: C

3

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

- Tranche 1 Loan 2561[SF])

06 Oct 09 T&ICT RCI, GRO, PSD, CAD

L Pr 60 (ADF) 12% 12 Oct 09 24 Feb 10 Low E: B IR: C IP: C

- Tranche 2

Loan 2729)

21 Dec 10

T&ICT RCI, GRO, PSD, CAD

L Pr

170 (OCR)

34% 30 May 11 18 Jul 11

Complex E: A IR: A IP: C

- Tranche 3 (Loan: tbd)

8 Feb 13d T&ICT RCI,

GRO, PSD, GOV

L Pr 180 (OCR) 36% Not yet signed


AZERBAIJAN 2012 Second Road Network Development Investment Program - Tranche 1

(Loan 2921)

04 Oct 12

25 Oct 12

T&CT

T&CT

GRO RCI PSD

GRO RCI PSD

L

L

Pr

Pr

500 (OCR)

250 (OCR)

50%

Not yet signed.

Complex

E: A IR: A IP: C

2009 Water Supply and Sanitation Investment Program

23 Sep 09

WS

SOD, ENV, CAD

L

Pr

600

Low

E: B IR: C IP: C

- Tranche 1 (Loan 2571)


14 Oct 09

22 Dec 11

75

300

13%

50%

17 Dec 09

6 Jun 12

17 Feb 10

20 Sep 12

2007 Road Network Development Program

28 Sep 07

T&ICT

GRO, RCI

L

Pr

500 (OCR: 490, ADF: 10)

Complex

E: A

- Tranche 1 Loan 2354,

- Loan 2355[SF])

04 Oct 07 T&ICT GRO, RCI, CAD

L Pr 200 (OCR: 190, ADF: 10)

38% 2%

15 Jan 08 03 Mar 08 Complex E: A IR: A IP: C

- Tranche 2

Loan 2433) 22 Aug 08

T&ICT

GRO, RCI,

L

Pr

55.4 (OCR)

11%

15 Dec 08

03 Mar 09

Low

E: B IR: C

4

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

- Tranche 3

Loan 2831)

14 Dec 11

T&ICT

CAD

GRO, RCI GAD

L

Pr

200 (OCR)

40%

27 Jul 12

23 Oct 12

Complex

IP: C

E: A IR: A IP: C

GEORGIA 2011

Urban Services Improvement Investment Program

- Tranche 1

(Loan 2749[SF]) - Tranche 2

( Loan 2807[SF])

7 Mar 11

12 Apr 11

23 Nov 11

UW ENV L Pr 500 (OCR: 250, ADF: 250)

79.98(ADF)

40(ADF)

16%

8%

10 May 11

1 Dec 11

15 Jun 11

19 Dec11

Complex E: B IR: B IP: C

2010 Sustainable Urban Transport Investment Program

- Tranche 1

(Loan 2655)

- Tranche 2 (Loan 2880/2879)

19 Jul 10

21 Jul 10

24 Jul12

T&ICT

GRO, ENV, SOD, GEN

L

Pr

300

(OCR: 135, ADF: 165)

85(ADF)

64 (OCR) 16 (ADF)

28%

47% 9%

5 Aug 10

24 Jul 12

29 Sep 10

20 Aug 12

Low

E: B IR: C IP: C

2009 Road Corridor Investment Program

29 Sep 09

T&ICT

RCI, GRO, PSD, CAD

L

Pr

500 (OCR:381.

2, ADF:

118.8)

Complex

E: A IR: A IP: C

- Tranche 1 (L2560[SF])

06 Oct 09 T&ICT RCI, GRO, PSD, CAD

L Pr 118.8(ADF) 24% 29 Oct 09 01 Dec 09 Complex E: A IR: A IP: C

5

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

- Tranche 2 Loan 2716) (CANCELLED)

- Tranche 3

(Loan 2843)

08 Dec 10

22 Dec 11

T&ICT

T&ICT

RCI, GRO, PSD, CAD

RCI, GRO, PSD, CAD

L

L

Pr

Pr

0.2 (OCR) (Cancelled)

140 (OCR)

30%

28%

24 Mar 11

18 Apr 12

13 May 11

13 Jun 12

Complex

Complex

E: A IR: A IP: C

E: A IR: A IP: C

KAZAKHSTAN 2010

CAREC Corridor 2 (Mangystau Oblast) Investment Program

28 Sep 10

T&ICT GRO, RCI

L Pr 800


20 Dec 10 283

35% 22 Aug 11 18 May 2012

Complex E: B IR: B IP: C


13 Dec 12 GRO RCI

L Pr 371.3 (OCR) 46% Not yet signed

Complex E: A IR:B IP:C

Small and Medium Enterprise Investment Program

- Tranche 1

(Loan 2689)

29 Sep 10

4 Nov 10

FIN GRO, PSD, GEN, CAD

L FI 500

150

30%

21 Sep 11

28 Sep 11

Low

E=FI IS= FI IP= FI

2008 CAREC Transport Corridor 1 (Zhambyl Oblast ) Investment Program

12 Nov 08

T&ICT

GRO, CAD, PSD

L

Pr

700

564

(IsDB, JBIC)

Complex

E: B IR: A IP: C

- Tranche 1

Loan 2503)

30 Dec 08

T&ICT

GRO CAD PSD

L

Pr

225 (OCR)

32%

30 Mar 09

31 Jul 09

Complex E: B IR: A IP: C

- Tranche 2 Loan 2562)

07 Oct 09 T&ICT GRO, CAD, PSD

L

Pr 187 (OCR) 27% 03 Dec 09 13 Apr 10 170 (IsDB)

6

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity


- Tranche 4

Loan 2735)

15 Nov 10

21 Feb 11

T&ICT

T&ICT

GRO CAD, PSD

GRO, CAD, PSD

L

L

Pr

Pr

173 (OCR)

112 (OCR)

25%

16%

15 Dec 10

7 Jun 11

15 Jun 11

22 Dec 11

68 (JICA) (Loan 8251)

Complex

Low

E: A IR: B IP: C

E: B IR: B IP: C

PAKISTAN 2009

Energy Efficiency Investment Program

17 Sep 09 EN ENV, GRO, PSD, CAD

L Pr 780 (OCR: 760, ADF: 20)

60


- Tranche 1 (Loan 2552, Loan 2553)[SF])

22 Sep 09

(OCR: 40 ADF: 20)

5% 3%

29 Apr 10 30 Aug 10 25 (AFD)

2008 Power Distribution Enhancement Investment Program

3 Sep 08

EN

GRO, RCI PSD

L

Pr

810

(OCR: 800, ADF: 10)

Low

E: B IR: B IP:B

- Tranche 1 Loan 2438

12 Sep 08 Orig: 252, Rev: 238.6

Orig: 242, Rev: 228.6

30% 29 Nov 08 13 Jan 09

Loan 2439[SF])

10(ADF) 1%


14 Dec 10

EN

CAD GRO

L

Pr

242

30%

28 Jan 11

5 Oct 11 E:B IR:B IP:C

- Tranche 3 (Loan: 2972)

14 Dec 12 EN GRO L Pr 245 30% Not yet signed

E:B IR:B IP:C

7

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

Sindh Cities Improvement Investment Program

3 Dec 08 WS GRO, CAD, PSD

L Pr 300 (OCR: 150, ADF: 150)

Low E: B


- Tranche 2

(Loan: 2975, Loan 2976[SF])

19 Dec 08

18 Dec 12

38(ADF)

25 (ADF) 74 (OCR)

13%

33%

6 Feb 09

Not yet signed

6 Mar 09

2007 National Trade Corridor Highway Investment Program

10 Dec 07

T&ICT

GRO, CAD

L

Pr

900

(OCR: 890, ADF: 10)

Complex

E: A

- Tranche 1 (Loan 2400,

17 Dec 07 180 (OCR:170

20%

03 Dec 08 22 Dec 08

Loan 2401[SF])

ADF: 10 cancelled)

2006 Punjab Irrigated Agriculture Investment Program

13 Dec 06

ANR

GRO, GOV, ENV

L

Pr

Orig: 900

(OCR: 890 ADF: 10) Rev: 700

(OCR:420, ADF: 280)

Complex

E: B IR: B IP: C


18 Dec 06 227.8 (OCR:217.8,

32% 22 Jun 07 24 Aug 07

Loan 2300[SF]) - Tranche 2

(Loan 2841) - Tranche 3

(Loan: 2971)

22 Dec 11

13 Dec 12

ADF: 10)

270(ADF)

73 (OCR)

39%

10%

18 Jan 12

Not yet signed

17 Feb 12

8

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

Power Transmission Enhancement

12 Dec 06 EN GRO, CAD

L Pr 800 (OCR: 790, ADF: 10)

Complex E: B IR:A IP:B


13 Dec 06 236 Orig. (OCR:

226, Rev. 143

29% 16 Jan 07 11 May 07

Loan 2290[SF])

ADF: 10)


- Tranche 3

(Loan 2846)

17 Dec 07

22 Dec 11

EN

EN

GRO, CAD

GRO

L

L

Pr

Pr

220.00

243.35

28%

30%

20 May 08

18 Jan 12

17 Apr 09

21 Feb 12

Complex

Complex

E: B IR:A IP:B

E: B IR:B IP:C

Renewable Energy Development Sector Investment Program

1 Dec 06 EN GRO, ENV, CAD

510 (OCR: 500, ADF: 10)



13 Dec 06 L Pr 115 (OCR: 105,

23% 05 Oct 07

29 Nov 07

Loan 2287[SF])

ADF: 10)

- Tranche 2 (Loan 2726) – Guarantee facility

13 Dec 10 Gu 200 39%

2005 National Highway Development Sector Investment Program

13 Dec 05

T& ICT

GRO

L

Pr

773 (OCR: 770,

ADF: 3)

Complex

E: A IR: A IP: C

- Tranche 1 (Loan 2231) (CLOSED)

15 Feb 06

T&ICT GRO L Pr Orig: 183, Rev: 123.78 Orig: 180,

Rev: 123.11 (Closed)

16%

14 Jun06

27 Jul 06


9

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity

(Loan 2210[SF]) (CLOSED)

13 Dec 05 Orig: 3(ADF) Rev: 0.67(ADF)

(Closed)

22% 14 Jun06 27 Jul 06


26 Aug 09 T&ICT GRO L Pr 230 (OCR) 30% 02 Sep 09 21 Sep 09 Complex E: A IR: A IP: C

UZBEKISTAN

2011 Second CAREC Corridor 2 Road Investment Program

- Tranche 1

(Loan 2772)

23 Aug 11

2 Sep 11

T&ICT

RCI

L

Pr

500

(OCR: 320, ADF: 180)

130

26%

1 Dec 11

13 Jan 12

Complex

E: B IR: C IP: C

- Tranche 2

(Loan 2965) 10 Dec 12

T&ICT RCI

GRO L Pr 220 (OCR) 44% Not yet

signed Complex E: B

IR: A IP: C

Housing for Integrated Rural Development Investment Program

- Tranche 1

(Loan 2775)

31 Aug 11

9 Sep 11

MS GRO, SOD, PSD, GOV

L Pr 500

200

40%

16 Feb 12

20 Apr 12

Low E=FI IS= FI IP= FI

2010 CAREC Corridor 2 road Investment Program

20 Apr 10

T&ICT

GRO, RCI, CAD

L

Pr

600

(OCR: 240, ADF: 360)


21 Apr 10

T&ICT GRO, RCI, CAD

L Pr 115 (ADF)

19%

1 May 10

17 May 10

Low

E: B IR: C IP: C

- Tranche 2

(Loan 2746)

31 Mar 11

T&ICT GRO, RCI, CAD

L Pr 240 (OCR)

40%

12 Apr 11

6 May 11

Low

E: B IR: B IP: C

10

x

DMC/MFF

Approval Date


MFF

Amount

($ million)a

Tranche Amount

($ million)a

Tranche/ MFF Ratio

Agreement Dates

Cofinan-cing

b

Risk Cate-

goriza-tion

Safe-guards Catego-

riza-tion

c

Signing

Effectivity


05 Jun 12 T&ICT GRO, RCI

L Pr 100 (OCR) 17% 30 Aug 12 09 Nov 12 Low E: B IR: B IP: C

2009

Water Supply and Sanitation Investment Program

29 Sep 09 WS SOD, ENV, CAD

L Pr 300(ADF) Low E: B IR: B IP: C

- Tranche 1 (Loan 2564[SF])

8 Oct 09 60(ADF) 20% 1 Dec 09 21 Apr 10


- Tranche 3

(Loan 2825[SF])

21 Apr 10

7 Dec 11

140(ADF)

58(ADF)

47%

19%

1 May 10

16 Feb 12

10 Aug 10

20 Apr 12

ADF = Asian Development Fund, AITF = Afghanistan Infrastructure Trust Fund, ANR = agriculture and natural resources, CAD = capacity development, DMC = developing member country, E = environment, EN = energy, ENV = environmental sustainability, FI = financial intermediation, FIN = finance, GEN = gender equity, Gr = grants, GRO = economic growth, IP = indigenous peoples, IR = involuntary resettlement, JFPR = Japan Fund for Poverty Reduction, L = loans, MFF = multitranche financing facility, MS = multisector, NA = not applicable, OCR = ordinary capital resources, Pr = project, PSD = private sector development, RCI = regional cooperation and integration, SDP = sector development program, Sec = sector, SOD = social development, T&ICT = transport and information and communication technology, UKG =United Kingdom, UW = urban transport, WS = water supply. aIndicated amount approved and/or any cancellation.

bInformation on cofinancing administered.

cApplies to tranches only.

Notes: 1. The source of funds is ordinary capital resources, unless otherwise indicated. 2. For safeguards categorization (A, B, C, and FI) on environment, involuntary resettlement and indigenous peoples, please see ADB. 2010. Safeguard Policy Statement. Operations Manual.

OM F1. Manila. 3. Note: The data above were updated on 30 January 2013. Some tables and figures in the main report will have minor discrepancies due to the original data provided by the Regional

Departments as of 14 December 2012.

11

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Table 2: Approved Multitranche Financing Facility—MFF Performance, 2012

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd

Tranche Perfor-mance

(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)

Overall MFF Performance

Rating

(T, P, R)

MFF Suspended

or Cancelled Approved Tranches

RRP Projected Tranches

Expected Tranches

MFF Delays

(T, P, R)

AFGHANISTAN 2011

Transport Network Development Investment Program


- Tranche 2 (Grant: 0327, Grant 0328)

6 1 16% 2

4 2 T

T

NA

S

T NA

2009 Water Resources Development Management Investment Program

10 3 30% 1 3 2 T T S P NA


T

2008


9 4 44% 4 4 1 P S P NA


T



- (Grant 0281) - (Grant 0282) - Tranche 4 (Grant: 0332)

R

P

NA

12

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)

Road Network Investment Program

9

3

33%

2

4

2

T

S

T

NA



T


T

ARMENIA 2011



9 2 22% 1 5 4 T

T

S T NA


8

3

37%

2

3

1

T

S

T

NA


P


P

AZERBAIJAN 2012 Second Road Network Development Investment Program

- Tranche 1

8

0

1

2

1

NA

NA

NA

NA

NA

13

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)

(Loan 2921) -

2009


9 3 33% 2 5 3 T S T NA



P

T

2007 Road Network Development Investment Program

6

5

83%

3

3

0

T

S

T

NA


T




T

T

GEORGIA

2011




8 1 13% 2 4 2 T

T

T

S T NA



8

2

25%

2

3

2

T

P

S

T

NA

14

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)

- Tranche 2 (Loan 2879/2880)

T


8

3

37%

2

3

1

T

S

P

NA - Tranche 1

(L2560[SF]) - Tranche 2

(Loan 2716)

P

R

KAZAKHSTAN 2010

CAREC Corridor 2 (Mangystau Oblast Section) Investment Program

6 2 33% 2 3 1 T S T NA


- Tranche 2

(Loan: tbd)

P

NA



5 2 40% 1 4 3 T

P

S T NA

2008 CAREC Corridor 1 (Zhambyl Oblast Section) Investment Program

7

4

57%

4

4

0

P

S

T

NA


T


P


P

15

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)


T

PAKISTAN 2009


10 3 30% 1 4 1 P P S P NA


Loan 2553)[SF])

2008 Power Distribution Enhancement Investment Program

10

4.3

43%

3

4

1

T

T

NA


T S

Loan 2439[SF])



T

NA


10 4 40% 2 5 3 P S P NA


- Tranche 2

(Loan: 2975, Loan 2976[SF])

P

NA

16

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)

2007 National Trade Corridor Highway Investment Program

10

4

40%

1

4

3

R

S

T

- Tranche 1 (Loan 2400, Loan 2401[SF])

T L2401 cancelled

2006 Punjab Irrigated Agriculture Sector Investment Program

10

5

40%

3

3

0

P

S

P

NA


T



P

NA

Power Transmission Enhancement Investment Program

10

6

60%

3

3

1

T

S

P

NA


T


-

P


P

17

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)

Renewable Energy Sector Investment Program

10 6 60% 2 3 1 T S T NA


R

- Tranche 2 (Loan 2726) – Guarantee facility

NA

2005 National Highway Development Sector Investment Program

10

7

70%

2

4

2

R

S

T

NA

- Tranche 1 (Loan 2231, Loan 2210)

P


P

UZBEKISTAN

2011 Second CAREC Corridor 2 Road Investment Program


6

0

0

1

3

2

T

NA

S

T

NA

Housing for Integrated Rural Development


5 1 20% 1 4 3 T

T

S T NA

2010 CAREC Corridor 2 Investment Program

3

2

67%

3

3

0

T

S

T

NA


P

18

x

DMC/MFF

MFF Availa-bility

Period

(years)

Time Elapsed

MFF Relative

Age

(%)

Tranche Processingd


(T, P, R)

Compliance with MFF

Under-takings

(S, PS, U)


Rating

(T, P, R)

MFF Suspended



Expected Tranches

MFF Delays

(T, P, R)


P


T


10 3 30% 3 4 1 T S T NA


T



T

R

CAREC = Central Asia Regional Economic Cooperation, DMC = developing member country, MFF = multitranche financing facility, NA = not applicable, P = potential problem, PS = partly satisfactory, R = at risk, RRP = report and recommendation of the President, S = satisfactory, T = on track, U = unsatisfactory

Note: 1. The source of funds is ordinary capital resources, unless otherwise indicated. 2. Note: The data above were updated on 30 January 2013. Some tables and figures in the main report will have minor discrepancies due to the original data provided by the Regional

Departments as of 14 December 2012.

19

x

Table 3: Status of Multitranche Financing Facility Approvals—MFF Progress, 2012

DMC/MFF Outcome/ Outputs

Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)

Material Changes to Investment

Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

AFGHANISTAN Transport Network Development Investment Program


MFF 0063 Outcome.

Increased movement of goods and services and better connectivity for people and businesses. Outputs. (i) 578

km of reconstructed and rehabilitated regional and national roads; (ii) 225 km of constructed railway and stations between Mazar-e-Sharif and Andkhoy; (iii) Strengthened capacity of MPW; (iv) Improved transport sector governance; (v) Operation and maintenance of 75 km of new railway line, loops and stations between Hairatan and Mazar-e-Sharif.

All civil works and consultancy services packages for road subprojects awarded and work ongoing.

Capacity building improvement also showing progress.

Y

Risks for Outcome (i) Lack of buy-in or commitment by MPW to restructure and make required changes in business practices (ii) Weak external monitoring of projects (iii) Sustaina-bility of investments may be undermined by lack of mainte-nance . Risks for Output (i) MPW capacity constraints: lack of funds and staff resources for required counterpart funding (ii) Cost overruns resulting in less work accomplished

The MFF has been designed to mitigate the risks identified. The risks are those issues that have been previously experienced in ADB financed projects in Afgahnistan. For instance: (i) there is ongoing capacity building to address potential risk, (ii) budget contracts include costs for the provision of security.

Y

Y

N

None

20

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

than designed

Water Resources Development Investment Program


MFF 0033 Outcome. Water

resources management in Afghanistan is improved. Outputs. (i)

Irrigation infrastructure upgraded and rehabilitated; (ii) Land along the river banks protected from flood/ erosion. (iii) Basin master plan prepared. (iv) Tranches are processed and implemented on time and within the budget. (v) Water management institutions improved.

One civil works contract and one consultancy contract awarded. Two consultancy contracts are ready for signing by the consultants and the Ministry of Energy and Water. PMO/PIOs are partly staffed.

N

(R) On-ground security situation does not allow construction activities DFID regretted providing security for the Helmand Basin Consultants

A tripartite videocon (MEW, consultants and ADB) discussed the alternatives. MEW and the consultants are working on alternative plans for Phase I and will submit the final plan to ADB. In the meanwhile, the international consultants are working with national consultants on low security risk areas.

Y

N

N

None


- Tranche 1 (Grant 0134/ JFPR 9128)



- -Tranche 4 (Grant: 0332)

MFF 0026 Outcome.

Sustainable and reliable grid connected power supply in north, east and south Afghanistan.

Outputs. (i)

Generation capacity from hydro sources and gas wells increased; (ii)

The MFF faced start-up challenges but implementation progress has improved with all major contracts either awarded or to be awarded by first quarter of

Y The Project Design and Implementation Consultant for Trnache 3 (Engconsult Ltd and Greenergy Inc) were in breach of ADB anticorruption policy

Annual financial statement for years ending March 2010, 2011 and 2012 have now been prepared and are due for submission in December

N N N m (Under Tr3, local taxes will be financed) (Under Tr4, local taxes will be

21

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Transmission network upgraded in project areas through rehabilitation, augmentation and expansion of NEPS; (iii) Development of power distribution systems at load centers supplied from NEPS; (iv) Technical, managerial, financial and institutional functions of DABS achieve requisite autonomy and corporatization; and (v) Project Management: Projects designed, implemented and monitored within cost, time and quality parameters.

2013. Compliance with grant covenants under ongoing tranches is satisfactory, except for submission of annual financial statement of the executing agency (DABS), which are overdue. Safeguard covenants are not due as civil works have not yet started. Of 39 covenants in tranche 1, 6 have been met, 23 are ongoing, and 1 is overdue. Of 22 covenants under tranche 2, 3 have been met, 18 are ongoing and 1 is overdue. No covenants are due under tranche 3.

therefore included in ADB anticorruption and sanction list on 20 September 2012. This has caused significant delay in the implementation of the project.

2012 by DABS. The EA has sent letter of confirmation to the third ranked shortlisted firm to advise their availability for this project.

financed)

22

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)


- Tranche 1 (Grant 0135) (Supplementary financing to Loan 2140[SF] and Loan 2257[SF])

- Tranche 2 (Grant 0244) (Supplementary financing to Grant 0012[SF] and Grant 0081[SF])

MFF 0025 Outcome.

Increased efficiency of goods and passenger transport. Outputs. The

Program will comprise separate sequential Projects between 2008 and 2013, with one or more physical and non-physical components. These components will include: (i) feasibility studies and designs; (ii) infrastructure improvements; (iii) ancillary and emergency infrastructure works; (iv) infrastructure maintenance; and (v) human resource development and institutional reform.

Andkhoy Qaisar road complete. Of the three contracts on the North-South Corridor: (i)Mazar-e Sharif to Poli Baraq (95% complete) (ii) Poli Baraq to Dar-i-Suf (85% complete) (iii) Bamyan to Yakawlang (98% complete)

Y

Risks for Outcome (i) Trafficking of narcotics increases along the improved roads (R) (ii) HIV/AIDS transmission increases as a result of improved road connectivity Risks for Output (i) Mobilizing equipment and materials to the project site from across the border is difficult

N N N None

ARMENIA Sustainable Urban Development Investment Program


MFF 0056 Outcome. Efficient,

reliable and affordable urban infrastructures and services provided in Armenian cities. Outputs. (i)

Appropriate institutional

Independent Monitoring Agency (IMA) consultants recruited. Detailed design consultants (DESC) recruited in Oct 2012,

Y

Risks for Outcome (i) Political debate shifting urban transport focus. (ii) Slowdown of business environment undermined private sector

Y

N

N

N

None

23

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

capacity strengthened in Yerevan and secondary cities; (ii) Establishment of skilled and experienced program Implementation Units in Yerevan and Armenia; and (iii) Urban infrastructure extended, rehabilitated and improved in urban areas.

Program management consultants (PMIC) recruitment ongoing. Expected to commence in Jan 2013. Civil works activity expected to start in Q3-2013

appetite Risks for Output (i) Rising energy costs increase operational expenses; tariff increases not supported by consumers. (ii) Ministry of Economy, Yerevan Municipality and other cities experiencing obstacles for institutional change and implementation reforms.

North–South Road Corridor Investment Program

- Tranche 1 (Loan 2561 [SF])


MFF 0035 Outcome. Efficient,

safe, and sustainable transport on the north-south road corridor. Outputs. (i) 550-

km improved road corridor; (ii) modernized border, cross-border agreement with GEO and customs infrastructure and facilities; and (iii) efficient and effective road

Slow disbursement with 67% on Loan 2561 and 3% on Loan 2729 Delays on Loan 2729 due to implementation of LARP Cost overrun of about $7million on civil works under Loan 2561

Risks for Outcome (i) Reduced commitment to corridors and weak implement-tation capacity Risks for Output (i) Cost overrun due to the sharp escalation of prices of construction materials and labor

LARP for Loan 2729 has been approved and implementation ongoing The government is requested to finance cost overrun of $6.9M from the government resources or other external resources but not ADB.

Y for Tranche 1 during uploading to eOps

N N

m

24

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

corridor management

Disbursements are expected to pick up rapidly in 2013

AZERBAIJAN Second Road Network Development Investment Program

- Tranche 1 (Loans 2921)

MFF0081 Outcome

An efficient, adequate, safe, and sustainable southern motorway corridor from Baku in Azerbaijan Outputs

1. About 63 km of newly constructed motorway between Masalli and Shorsulu.

2. Improved program management and implementation capacities of ARS

3 Improved transport sector governance




MFF 0032 Outcome.

Improved coverage, and the continuity and quality of water supplies and wastewater disposal in

All civil works contracts awarded for Goychay and Nakhchivan. LARP implementation along a

Y

(i) Govt does not give autonomy to allow AzerSu and/or SAWMA take operational decisions, which delays

N

N

N

None

25

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

participating towns. Outputs. (i) Water

Supply and Sanitation Infrastructure Rehabilitated and Improved; and (ii) Improved WSS management and planning.

section of the works in Goychay delayed due to country system requirement per MoF. Civil works stopped along the section. AZN 91,247 compensation payment will be paid to APs once ADB approves the revised LARP, which is expected during the week of 17 December 2012. Loan was made effective on 20-Sep and a minor change in Project 2 was approved on 26-Sep to allow the government to on-grant the loan to the two EAs. Four civil works contracts (approximatel

implement-tation of institutional reforms; (ii) Weak coordina-tion among government departments and with AzerSu and/or SAWMA undermines sustainable operations; (iii) Capacity of national contractors is exhausted due to several externally funded ongoing projects; (iv) Political intervention in procurement decision may delay overall program execution; (v) Appro-priately qualified staff cannot be found or retained in AZERSU, SAWMA, JSCs, or Sukanals; (vi) Rising energy costs

26

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

y $185 million) have been awarded with the ADB financing accounting for $155 million. A fifth civil works amounting to $48 million is awaiting PC approval which is expected before end of 2012.

increase cost of pumped systems; and (vii) Tariff increase not supported by consumers


- Tranche 1 [Loans 2354/ 2355(SF)]



MFF 0014 Outcome. An

adequate, efficient, safe, and sustainable road network in Azerbaijan, connecting the country domestically and internationally.

Outputs. (i) A 4-lane expressway between Masalli and Astara on the southern corridor built, with access roads rehabilitated (Project 1); (ii) A 2-lane road between Ganja and Qazakh on the east-west corridor upgraded to a 4-lane

Implementation of first two loans is progressing. The procurement for Tranche 3 is at advance stage.

Y

Risks for Outcome (i) Rapid deteriora-tion of the road network caused by weak axle-load controls and insufficient funding for mainte-nance; and (ii) Limited coordina-tion among government agencies during implement-tation of the Road Network Dev’t Program

Y

N

N

N

m

27

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

expressway (Project 2) ; and (iii) Road network management capacity strengthened (throughout the MFF).

Risks for Output (i) Delays in preparation and implement-tation of subsequent projects; and (ii) Cost overruns caused by unexpected increases in prices of fuel and raw materials

GEORGIA




MFF 0055 Outcome.

Improved water supply and sanitation services in the urban centers Anaklia, Marneuli, Mestia, Kutaisi, Poti, and Zugdidi. Outputs. (i)

Component 1: Infrastructure Improvement, Water supply system efficiency improved through rehabilitation and replacement, and coverage expanded; (ii) Component 1: Infrastructure Improvement, Sewerage and

Resettlement Plan for Mestia implemented and civil works ongoing A major change in project was approved in August 2012. Civil works bid invited after change in project and is currently under evaluation. Management Contractor proposals are under evaluation

(i) Political systems interfere with the enforce-ment of legislative and regulatory control. (ii) The cost of construction materials suddenly increases. (iii)The cost of construction materials suddenly increases. (iv) Enrollment in the WSS

N

N

N

None

28

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

sanitation system efficiency improved through rehabilitation and reconstruction, and coverage expanded; (iii) Component 2: Institutional Effectiveness, Business Plans developed and implemented; (iv) Component 2: Institutional Effectiveness, Financial management improved, MIS and Accounting systems developed; (v) Component 2: Institutional Effectiveness Geospatial WSS utility management systems operationalized; (vi) Component 2: Institutional Effectiveness Management capacity of UWSCG enhanced; (vii) Component 2: Institutional Effectiveness Sector regulatory capacity of GNEWSRC, MEPNR, and MAFS developed; and (viii)

and likely to be awarded in Q1-2013. The Mestia Water Treatment Plant (Design-Build) contract rebidding is expected to take place in Q1-2013. Civil works for WSS network ongoing in Anaklia and Mestia. The Anaklia Waste Water Treatment Plant (design-build) contract rebidding is expected to take place in Q1-2013.

management program is low (v) Poor enrollment in the WSS management program

29

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Component 3: Project Implementation Support Public awareness program effectively implemented, materials on hygiene and sanitation disseminated, and women developed as hygiene and sanitation advocates.

Sustainable Urban Transport Investment Program


MFF 0043

Outcome. Efficient,

reliable, and affordable urban transport services provided in relevant cities

Output. (i) Urban

transport infra extended, rehabilitated and improved by MDF and relevant municipalities; (ii) Institutional and management capacity of MDF and relevant municipalities strengthened; and (iii) Establishment of skilled and

6 consulting services contracts awarded;

One road improvement project completed

(i) Weak coordination among government departments and relevant municipalities undermines sustainable operations

(ii) New municipal government shifting focus from urban transport investments

(iii) Capacity of domestic contractors is exhausted due to large number of ongoing externally funded

N

N

N

None

30

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

experienced units to oversee management and implementation of the program

projects

(iv) Rising energy costs increase operation cost and tariff increases not supported by consumers

(v) Inter-depart-mental coordination and support within municipality is not forthcoming

(vi) Divergence between central government and municipal authorities on the reform to implement

(vii) Political issues shift urban transport priority

31

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

- Tranche 2 (Loan 2879/2880)

Outcome. Efficient,

reliable and affordable urban transport services provided in relevant cities

Outputs. (i) Urban

transport infrastructure extended, rehabilitated and improved by MDF and relevant municipalities

(ii) Subprojects for subsequent tranches ready for implementation.

(iii) Establishment of skilled and experienced units to oversee the management and the implementation of the program in MDF and the relevant municipalities.

Inception Mission in Q1 2013

Y (i) Vulnerability of the economy to exogenous shocks

(ii) Weak coordination among state entities undermines sustainable operations.

(iii) Rising energy costs increase operation cost and tariff increases not supported by consumers

(iv) Capacity of domestic contractors is exhausted due to large number of ongoing externally- funded projects

NA N N N NA

32

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Road Corridor Investment Program

- Tranche 1 (Loan 2560 [SF])


MFF 0034 Outcome. Improvement of

subregional road network. Outputs. (i) About

120200 km of subregional roads improved; (ii) Strengthening of asset management capacity of the Roads Department; and (iii) Improvement of Road Safety.

Y Risks for Outcome (i) Limited budget for road mainte-nance; and (ii) Malfunc-tioning of market mechanisms

N N N None

KAZAKHSTAN CAREC Corridor 2 (Mangystau Oblast Sections) Investment Program


MFF 0047 Outcome. Efficient

transport network in Mangystau Oblast connecting Aktau to Manasha, Beineu to Akzhigit (Uzbekistan border), and Zhetybai to Fetisovo. Outputs. (i)

Mangystau Oblast road sections improved and open to traffic; (ii) MOTC's capacity for project and asset management strengthened; and (iii) Cross-border infrastructure and facilities improved.

Y

Risks for Outcome (i) Inadequate funding for road mainte-nance and border-crossing points mainte-nance

Risks for Output (i) MOTC and program management unit's lack of capacity to implement externally-funded program with multiple projects

N

N

N

m

33

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Small and Medium Enterprises Investment Program


MFF 0048 Outcome. SMEs

have increased access to medium term credit on a sustainable basis. Outputs.

(i) Medium-term financing to SMEs; (ii) Improved effectiveness and efficiency of Damu; and (iii) Improved financial sector outreach, with a focus on women entrepreneurs.

Three participating financial institutions (PFIs) have received total of $150 million from the ADB loan proceeds which is currently being lent out to SMEs. Output 1 is most likely to be achieved within the implement-tation period. Outputs 2 and 3 are supported by the accompa-nying TA. The scope of the TA was changed to expand the scope of training to include capacity building of Damu and PFIs on assessment of borrowers’ credit-worthiness

Y

(Subject to DMF being

revised based

on MTR findings

)

Problem for Tranche 1 is low disbursement by 2 of the 3 PFIs of subloans to SMEs due to initial difficulty understanding ADB safeguards requirements, weak demand for loans from SMEs due to effects of the global financial crisis, lack of risk taking capacity due to correspondingly high level of NPLs, and access to temporary alternative liquidity support from the government.

Actions taken include (i) national environment specialist hired to assist and train PFIs on ADB safeguards and (ii) minor changes to Tranche 1 approved to extend disbursement period and give PFIs greater flexibility to make longer term loans and leases needed by the market.

Y (As a result of

the MTR conducted in November

2012, certain DMF

performance targets and indicators

were found to be

inconsistent and may need

to be corrected or

revised, which might result a major or minor

change of scope in early

2013)

Y

(As a result of the MTR conducted in November 2012,

certain DMF performance targets and

indicators were found to be

inconsistent and may need to be

corrected or revised, which might result a major or minor

change of scope in early 2013)

N

m

(In 2012 a minor change was approved

to help participating

financial institutions disburse

loans to SME borrowers)

34

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

CAREC Corridor I (Zhambyl Oblast Section) Investment Program





MFF 0024 Outcome. Efficient

transport network in Zhambyl Oblast connecting Almaty and Shymkent. Outputs. (i) 5-

highway sections between Almaty and Shymkent in Zhambyl Oblast improved and open to traffic; and (ii) Road operations and maintenance facilities in Zhambyl Oblast improved and operational.

All 4 tranches approved; T4 awaiting effectiveness

Y Risk for Outcome (i) Inadequate funding for road mainte-nance in Almaty-Shymkent road sections

Risks for Output (i) MOTC and project management organization's lack of capacity to implement-t multiple externally funded projects

N N N None

PAKISTAN Energy Efficiency Investment Program

- Tranche 1 (Loans 2552/ 2553[SF]/ 8246[AFD])

MFF 0031 Outcome. Energy

efficiency promoted in Pakistan. Outputs. (i) Energy

efficient lights and appliances introduced in the market; and (ii) Power generation losses (thermal) reduced.

Distribution of CFLs moved to 2013. Project outcome and outputs still feasible

Y

Although the outcome and output dates are still feasible, target dates for some activities not met due to delayed procurement of CFLs (Tranche 1).

Target dates to be revised.

N

N

N

None

35

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Power Distribution Enhancement Investment Program

- Tranche 1 (Loans 2438/ 2439[SF])



MFF 0021 Outcome.

Improved power distribution infrastructure and management. Outputs. (i) Power

distribution systems rehabilitated, augmented and expanded. (ii) Distribution companies (DISCOs) institutionalized and strengthened.

146 sub projects have been completed. More than 2500 MVAs have been added through these sub-projects. The system loses are on the decrease and near target. To be validated during project completion mission in 2013.

Y Poor coordination among energy agencies

None needed N N N None


- Tranche 1 (L2499)

MFF 0028 Outcome.

Increased quality, reliability and coverage of water supply, wastewater and solid waste management services in participating towns. Outputs. (i) Part A.

Improved Urban Service Management and Planning; (ii) Part B: Investments in Water Supply and Wastewater Management Improvements; and (iii) Part C:

2 ICB contracts completed.

ICB#3 civil works ahead of schedule.

ICB#4 BER under evaluation.

Most NCB contracts finalized.

Remaining 3 small NCB contracts close to award.

NSWC established with

N (i) GoS does not allow Urban Services Corporations (USC) proper oversight over infrastructure

in coverage areas

(ii) Weak coordination with among Government departments and with USCs undermines

USC operations

(iii)

Y N

N

None

36

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Investments in Solid Waste Management Improvements.

operational capacity. PSU fully staffed and operational. GoS upgraded the urban unit to a directorate, a Director General appointed and staff being recruited.

Interdepart-mental coordination and support is not forthcoming

(iv) Political support for reform is

withdrawn

(v)Appropriately qualified staff cannot be found or retained in TMA

(vi) Political support for planning is withdrawn

(vii) Poor enforcement of sanitation laws

Problem

Poor performing design and engineering consultant

- Tranche 2 (Loan: 2975, Loan 2976[SF])

Outcome

Increased quality, reliability, and coverage of water supply, wastewater, and solid waste management

NA NA NA NA NA

37

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

services in participating towns

Output

NSUSC provides effective and more sustainable services in participating towns More informed urban policies and planning

Timely and transparent operations support funding for NSUSC to cover eligible shortfall Improved water supply, wastewater and solid waste management services in participating towns Management structure and capacity for WSS operations improved

National Trade Corridor Highway Investment Program

- Tranche 1 (Loan 2400/2401)

MFF0016 Outcome.

Efficiency gain for road traffic operation along the National Trade Corridor.

Tranche 1 under good progress. Processing of Tranche 2 delayed

Y Risk for Outcome (i) Inadequate financial resources for road mainte-nance

N N N None

38

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

Outputs. Newly

constructed and upgraded roads and bridges.

because of complicated safeguard issue.

Punjab Irrigated Agriculture Sector Investment Program

- Tranche 1 (Loan 2299/ 2300[SF])



MFF 0009 Outcome. Punjab

irrigated agriculture program areas receives a sustainably improved delivery of water services and management. Outputs.

(i) Irrigation infrastructure upgraded and rehabilitated; (ii) Flood risks in the program area are reduced; (iii) Groundwater in the program area is used sustainably; (iv) Improved on-farm water management and agricultural support practices adopted in the program area; (v) Water management institutions improved.

Eight of nine civil works contracts have been awarded. The remaining contract was rebidded due to no bid was received by the submission deadline. Cumulative contract awards and disbursements stand at around $112.648 million and $68.862 million, respectively. All 53 farmers organizations (FOs) and all 3,576 Khal Panchayats have been established. A groundwater monitoring and management study is also underway as

Y

So far, none of the two risks identified in the DMF (see below) created hinders. (i) Reduced water availability for Punjab irrigated agriculture impacted by climate change effect or energy driven reservoirs releases (ii) Project is unable to employ quality foreign consultants and contractors due to security issues

Y

Y

Y

(The maximum MFF amount reduced from $900 million equivalent to $700 million equivalent and maximum ADF amount increased from $10 million equivalent to $280 million equivalent)

M

(The reduced amount may not allow implement-ting all the envisaged tranches under MFF)

39

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

originally envisaged. The project management and implementation and project preparation consultants fully functional. A project steering committee (PSC) is operational Tranche 2 was rebidded due to disqualification of all 5 bidders.

Power Transmission Enhancement Investment Program




MFF 0007 Outcome. Enhanced power transmission operations Outputs. (i)

Transmission lines and substations commissioned

Of 20 subprojects, 17 have been completed and remaining 3 partially completed. About 1,300 MVA have added through these subprojects. The systems losses are on decrease. Would be

Y

NTDC lacks the capabilities to operate and maintain the systems.

Significant delay on procurement and disbursements.

NTDC to accelerate the disbursement process to avoid further delay.

N N N None

40

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

validated during project completion review mission in 2013.

Renewable Energy Sector Investment Program


- Tranche 2 (Loan 2726) (Guarantee Facility)

MFF 0005 Outcome.

Increased production and use of clean energy. Outputs. (i) Part A: Clean Energy Development Small to medium-size hydropower stations are operational in KP and Punjab and other sources of RE generation units will be constructed during the program period; (ii) Part B. Due Diligence Feasibility studies and other due diligence work on new RE schemes completed ; and ; and (iii) Part C: Capacity Development Introduction of a capacity development program at federal, provincial, and project levels.

Due to delays experienced at the commencement of the loan, the loan closing date of 30 June 2012 was extended to 30 June 2014. .

Y The cost estimates performed in 2006 are no longer valid due to evolving security situation and escalation of raw materials prices

Punjab Power Development Company Limited (PPDCL) has been established. Both PPDCL and SHYDO actively seek new projects in order to generate cash flow in the future to meet the debt ratio. The projects are not yet completed. Six contracts have been awarded and works are in progress for four out of the six contracts while notification of award was already sent to two contractors.

N N N m

(Use of guarantee included in T2).

41

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

(iii) Part C: Capacity Development Training needs assessment at the provincialand project levels conducted.

National Highway Development Sector Investment Program

- Tranche 1 (Loan 2210/2231)


MFF 0002 Outcome. (i) Improved road sector efficiency on the main transport corridors in Pakistan Outputs.

(i) National Highway road network infrastructure and operations improved; (ii) Highway National Authority strengthened

Tranche 1 financially closed. PCR circulated on 13 December 2011. Tranche 2 ongoing.

Y Risk for Outcome Continuing political will to undertake policy and institutional reforms

Risk for Output Sustained Government and NHA commit-ment to policy reforms

N N N None

UZBEKISTAN CAREC Corridor 2 Investment Program


MFF0042 Outcome. Better

connectivity and an efficient transport system along the Uzbekistan section of CAREC Corridor 2 Road. Outputs.

(i) Uzbekistan section of CAREC Corridor 2 road constructed; (ii) Cross-border facility operational; and (iii) Road

Tranche 1: civil works expected to be completed by Dec 12; and project to be completed within the existing loan closing date Tranche 2: civil works, equipment supply, and construction supervision

Y

Risk for Outcome (i) Inadequate financial resources for road mainte-nance

Tranche 1: EA and contractor negotiated to extend the civil works contract up to end Dec 2012 to complete the works

N

N

N

None

42

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

sector sustainability strategy and plans adopted by the Road Fund

consultant contracts awarded and implementation ongoing Tranche 3: Procurement of civil works and good and recruitment of construction supervision consultant ongoing





MFF0036 Outcome. The

outcome will be safe, reliable, inclusive, and sustainable water supply and sanitation services and improved community hygiene.

Output. The

investment program will focus on physical and institutional improvements in water supply and sewerage subsectors through physical investments (Part I) and institutional strengthening and capacity development (Part II).

T1 - Damkhodja civil works contract ($18mn) awarded in Dec 2012. Civil works contract for Termez ($13mn) expected to be awarded in Q1-2013.”

T2 – civil works contract for Kokand-1 awarded ($18 mn) Kokand-2 civil works contract expected in Q1-2013. Two remaining

Y

Y

(i) Delays in internal approval procedures of the Government

(ii) Delay in the recruitment of project management consultants

URM and CWUW monitoring MFERIT approvals.

Project management consultants contract signed in Dec 2012. Services to commence in Jan 2013.

N N

N

None

43

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

civil works contracts expected in Q2-Q3-2013

T3 – detailed design consultant for Djizzak to commence work in Dec 2012. Detailed design consulting firm for Karakalpakstan/Khorezm and Andijan expected to commence services by Q1-2013. Procurement of equipment ongoing.

N

Housing for Integrated Rural Development Investment Program


MFF0061

Outcome.

Improved housing for targeted beneficiaries in rural communities.

Outputs.

(i) Housing loans provided by PCBs to targeted creditworthy sub-borrowers in rural areas (ii) Improved enabling environment for

About 8,500 rural households will benefit from new houses constructed in 2012, ie about 50,000 rural residents of which 50% are women.

Extensive

Y Intensive focus required for development and due diligence of critical implementation processes for Component 1 of Tranche 1.

Approach for Component 2 and

1) Additional support and resources in place to finalize due diligence and prepare performance report for Tranche1, and prepare Periodic Financing Request for Tranche 2

N N N m

44

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

entrepreneurs and MSMEs to expand or establish new businesses in rural areas, and (iii) Improved capacity of local governments to prepare and implement integrated rural development plans and investment promotion strategies.

training on project processes (land selection due diligence, beneficiary selection, and procurement) have been initiated. Project implementation will be intensified and accelerated in close coordination with TA for Strengthening Local Government. Advancements are being made in accordance with the government’s strategies for micro and small enterprises and financial sector development. A status report and performance evaluation of actions to date is being

Component 3 require amendment to better advantage efforts of development partners and ensure sustainability of activities

2) Two Technical Assistance: Strengthening Local Government, and E-Government were approved in Dec 2012 to support and complement the program

45

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

prepared. In addition about 850 small and medium size contractors have participated in the program creating 50,000 semiskilled rural jobs nationwide. About 8,500 loans approved and issued in accordance with predefined social prioritization criteria, to ensure targeted subborrowers that are credit worthy have been priori-tized.

Second CAREC Corridor 2 Road Investment Program



MFF0059 Outcome.

Improved road connectivity, safety, and effective Road Fund management of the Uzbekistan sections of CAREC Corridor 2 Road

Outputs. (i)

Selected sections of CAREC Corridor

Tranche 1: Civil works and construction supervision contracts awarded; government requested for a reduction in the scope of the project from

Y Risk for Outcome (i) Inadequate financial resources for road maintenance

Risks for Outputs (i) High turnover of PMU middle

Tranche 1: Remaining 16 km are currently being reconstructed by the government using its own budget

N N N m

46

x


Progress

On Track

(Y, N)

MFF Risks, Problems

Mitigation Plans in

Place

DMF

Updates

(Y, N)

Updates to Roadmap

(Y, N)


Program/Plan

(Y,N)

Changes in MFF

Structure/ Scope

(M, m)

2 Road reconstructed by the Road Fund; (ii) Road sector sustainability plans implemented by the Road Fund; and (iii) MFF tranches completed as targeted and budgeted.

reconstruction of 74 km to that of 58 km Tranche 2: Not yet effective

level staff disrupts program implementation progress; (ii) Internal delays in the approval of contracts for works, goods, and consultants

CAREC = Central Asia Regional Economic Cooperation, DMC=developing member country, M = major, m = minor, MFF = multitranche financing facility, N = No, SF = supplementary financing, Y = yes. Note: The data above were updated on 30 January 2013. Some tables and figures in the main report will have minor discrepancies due to the original data provided by the Regional Departments as of 14 December 2012.

47

x

Table 4: Status of Multitranche Financing Facility Approvals—Programming Impact

DMC/MFF

MFF Tranches

Approved ($ million)

Unapproved ($ million) Tranche No.

Amount ($ million)

(Projected) Approval

Year

(Projected) Tranche % of

Country Program

(COBP for Given Year)

Is the Primary Sector of this Tranche part of

the Current/Future CPS? (Y, N)

AFGHANISTAN 2011

Transport Network Investment Development


- Tranche 2 (Grant: tbd)

754 (ADF) 33 (AITF)

565 (ADF)

1

2

189 (ADF) 33 (AITF) 176 (ADF) 60 (AITF)

2011

2012

NA

NA

Y

Y

2009 Water Resources Development Management

300 (ADF) 3.3 (UKG)

214 (ADF)


1 86.6 (ADF) 3.3 (UKG)

2009 NA Y

2008

Energy Sector Development Program


570 (ADF)

281.5 (ADF)

1

164 (ADF)

2008

NA

Y


2 81.50 (ADF)

2009 NA Y


- (Grant 0281) - (Grant 0282

3 43 (ADF) 20 (UKG)

12.4 (DEN)

2011

NA Y

- Tranche 4 - (Grant: tbd)

4 200 (ADF) 2012 NA Y

Road Network Investment Program

400 (ADF)

0



1

60 (ADF)

2008

NA

Y

48

x

DMC/MFF

MFF Tranches



Amount ($ million)


Year


Country Program





2 310 (ADF) 30 (AITF)

2010

NA Y

ARMENIA 2011



220 (OCR) 180 (ADF)

220 (OCR) 132 (ADF)

1

48.22 (ADF)

2011

COBP approved in Nov 2011 did not include a 2011 pipeline

Y


440 (OCR) 60 (ADF)

270 (OCR)


1 60 (ADF) 2009 NA Y


2 170 (OCR) 2010 NA Y


3 180 (OCR) 2012 NA Y

AZERBAIJAN 2012 Second Road Network Development Investment Program


500 (OCR)

250 (OCR)

1

250 (OCR)

2012

NA

Y

49

x

DMC/MFF

MFF Tranches



Amount ($ million)


Year


Country Program





600 (OCR)

225 (OCR)


1 75 (OCR) 2009 NA Y


2 300 (OCR) 2011 88% Y

2007 Road Network Development Investment Program

500 (OCR and ADF)

45 (OCR and ADF)


- (Loan 2355[SF])

1 190 (OCR)

10 (ADF)

2007 NA Y


2 55.4 (OCR) 2008 NA Y


3 200 (OCR) 2011 59% Y

GEORGIA

2011



250 (OCR) 250 (ADF)

250 (OCR) 130(ADF)

1

79.98 (ADF)

2011

NA

Y


2 40 (ADF) 2011 NA Y



- Tranche 2 (Loan 2879) (Loan2880)

135 (OCR) 165 (ADF)

135 (OCR) 80 (ADF)

1

2

85 (ADF)

16 (ADF) 64 (OCR)

2010

2012

NA

Y

50

x

DMC/MFF

MFF Tranches



Amount ($ million)


Year


Country Program





381.2 (OCR) 118.8 (ADF)

231.2 (OCR)

- Tranche 1 (L2560[SF])

1 118.8 (ADF)

2009 NA Y

- Tranche 2 Loan 2716) (CANCELLED)

2 0.2 (OCR) (Cancelled)

2010 NA Y

KAZAKHSTAN 2010

CAREC Corridor 2 (Mangystau Oblast Section) Investment Program

800 (OCR) 517 (OCR)



1

2

283 (OCR)

371.3 (OCR)

2010

2012

NA

NA

Y

Y


-Tranche 1 (Loan 2689)

500 (OCR) 350 (OCR)

1

150 (OCR)

2010

NA

Y

2008 CAREC Corridor 1 (Zhambyl Oblast Section) Investment Program

700 (OCR)

3 (OCR)


1 225 (OCR) 2008 NA Y


2 187 (OCR) 2009 NA Y


3 173 (OCR) 2010 NA Y


4 112 (OCR) 2011 NA Y

51

x

DMC/MFF

MFF Tranches



Amount ($ million)


Year


Country Program




PAKISTAN 2009


760 (OCR) 20 (ADF)

720 (OCR)


1 40 (OCR) 2009 NA Y

Documents

MULTITRANCHE FINANCING FACILITY ANNUAL REPORT 2012 · 2014. 10. 3. · 2012 20 (UKG) 12.4 (DEN) Low E: B IR: B IP: C - Tranche 4 (Grant : 0332) 18 Dec 2012 200 (ADF) 35% Not yet signed