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The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) 1/2/2015 Page 1 of 22 Public Disclosure Copy Public Disclosure Copy Third Pakistan Poverty Alleviation Fund Project (P105075) SOUTH ASIA | Pakistan | Agriculture and Rural Development Global Practice | IBRD/IDA | Specific Investment Loan | FY 2009 | Seq No: 13 | ARCHIVED on 01-Jan-2015 | ISR17600 | Implementing Agencies: Key Dates Key Project Dates Board Approval date:04-Jun-2009 Effectiveness Date:09-Jul-2009 Planned Mid Term Review Date:02-Jul-2012 Actual Mid-Term Review Date:10-Sep-2012 Original Closing Date:31-Jan-2015 Revised Closing Date:30-Sep-2015 Project Development Objectives Project Development Objective (from Project Appraisal Document) Targeted poor are empowered with increased incomes, improved capacity and access to services to achieve sustainable livelihoods. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating -- Low Components Name Social Mobilization and Institution Building:(Cost $38.50 M) Livelihood Enhancement and Protection:(Cost $85.50 M) Micro-credit Access:(Cost $40.00 M) Basic services and infrastructure:(Cost $80.00 M) Project implementation support:(Cost $6.00 M) Overall Ratings Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

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The World Bank Implementation Status & Results ReportThird Pakistan Poverty Alleviation Fund Project (P105075)

1/2/2015 Page 1 of 22

Public Disclosure Copy

Public Disclosure Copy

Third Pakistan Poverty Alleviation Fund Project (P105075)

SOUTH ASIA | Pakistan | Agriculture and Rural Development Global Practice | IBRD/IDA | Specific Investment Loan | FY 2009 | Seq No: 13 | ARCHIVED on 01-Jan-2015 | ISR17600 |

Implementing Agencies:

Key Dates

Key Project Dates

Board Approval date:04-Jun-2009 Effectiveness Date:09-Jul-2009

Planned Mid Term Review Date:02-Jul-2012 Actual Mid-Term Review Date:10-Sep-2012

Original Closing Date:31-Jan-2015 Revised Closing Date:30-Sep-2015

Project Development Objectives

Project Development Objective (from Project Appraisal Document)Targeted poor are empowered with increased incomes, improved capacity and access to services to achieve sustainable livelihoods.

Has the Project Development Objective been changed since Board Approval of the Project Objective? No

PHRPDODEL

Name Previous Rating Current Rating

Progress towards achievement of PDO Satisfactory Satisfactory

Overall Implementation Progress (IP) Satisfactory Satisfactory

Overall Risk Rating -- Low

Components

NameSocial Mobilization and Institution Building:(Cost $38.50 M)

Livelihood Enhancement and Protection:(Cost $85.50 M)

Micro-credit Access:(Cost $40.00 M)

Basic services and infrastructure:(Cost $80.00 M)

Project implementation support:(Cost $6.00 M)

Overall Ratings

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Implementation Status and Key Decisions

1. The project has shown good progress and the rating for progress towards achievement of the Project Development Objective (PDO) remains Satisfactory; and overall Implementation Progress (IP) is also Satisfactory. Following a request from the Government of Pakistan (GOP), the project closing date has been extended to September 30, 2015. As of November 15, 2014, $237.76 million (92.3%) has been disbursed. The undisbursed balance is US$18.88 million. Overall expenditure increased from 66% to 77%. Many of the critical agreed actions during the last mission have been completed or are underway. It is expected that the project will disburse the credit fully.2. Progress on the PDO indicators is satisfactory. 54% of community organizations are viable and sustainable (target - 60%), there is a 29% increase in average personal income and a 22% increase in average household income of community institution members (targe - 20% increase for 60% of community members); according to a PSC survey, 26% households moved to upper levels that were in the lowest three categories of the poverty scorecard; and 35% of COs are benefitting from improved infrastructure and over 20% have accessed other sources of funding for infrastructure/local municipal services(target - 33% of community institutions).3. At least 90% of skill training recipients under Livelihood Employment and Enterprise Development (LEED) are using their skills productively (target: 70%). Livelihood Investment Plans (LIPs) have been prepared by 72% of target households (PAD: 50%) and 98% of those who received loans from the Community Livelihood Fund (CLF) are putting the funds to productive use (PAD: 70%). 14,900 borrowers have a repayment rate of 98% (PAD: 95%). Women comprise 55% of loan recipients and 47.75% of livelihood grant recipients. About 98% of revolving funds at the CO level have a repayment rate of 95% (PAD: 95%). Under the asset transfer program, 95% of recipients are using the assets productively (PAD: 70%). 49% percent of CIGs have created linkages with market and private sector (PAD: 20%). Thus far, 40% of the platforms (Naukri y Karobar centers, Youth Centers, and Production Centers) have established formal and informal linkages (target: 60%).4. The process of moving out of non-priority areas and deploying those resources to the 1020 priority Union Councils (UCs), initiated in July 2011, is nearing completion. From PPAF III presence in 968 non-priority UCs in September 2011, PPAF has now brought down this presence to 265 non-priority UCs. Currently, there are still 140 active interventions in non-priority UCs, of which 66 are CPI interventions, 30 are LEED interventions, and 40 are Education. Consolidation and integration is progressing slowly.4. Component wise progress is as follows:1. Component 1- Social Mobilization & Institution Building: PPAF has exceeded the majority of its physical targets for community

institution formation and training PO staff and community members and is rated as Satisfactory. PPAF has committed 95% of funds to POs and disbursed 78% of funds to them. Thus far, 1677 Village Development Plans (VDPs) have been developed out of 5,398 Village Organizations (VOs) formed. In the 10 months before the close of the project, PPAF should focus on finalizing the exit strategy, identifying available funds languishing in the system that could be reallocated to more strategic use, scaling up the training efforts, and addressing potential governance issues leading to elite capture.

2. Component 2 - Livelihoods Enhancement and Protection: The component has shown remarkable advancement and physical and financial progress is Satisfactory. 90% of skills training recipients and 95% of asset transfer recipients are productive (target: 70%). CIG target of 2300 has been fully achieved. Of the 2351 Common Interest Groups (CIGs), 49% have had at least one transaction (contract or MOU) with market players (target: 60%).The Community Livelihood Fund (CLF) has loaned to 14,900 borrowers, of which 100% of the use is productive (target 70%). Asset transfers, wage compensation, and training were respectively at 113%, 38%, and 83% of their targets. Expenditures (from PO to beneficiary) increased slowly from 57% to 62% whereas disbursement and commitments stood at 73% and 94%, respectively.

3. The priorities in the last 10 months of PPAF-III for LEED centre on ensuring the sustainability of the institutions of the poor (in collaboration with ID); continuing to work with the other units on the move to saturation and deepening of PPAF interventions; cleaning up data on CIGs to better facilitate market linkage activities and knowledge sharing; scaling up the Training Of Trainters (TOT) network for key capacity areas; finishing implementation of the restructured SCAD program, and drawing lessons for PPAF and the PPR project.

4. Component 3 - Microcredit Access: The component has consistently performed well and is rated as Satisfactory. With about 10 months remaining before the closure of the project implementation of component activities are on track to achieve project outcomes indicators and targets, including the successful utilization of funds for on-lending. As of September 30, 2014, PKR 550 million (or 110%) of available funds have been committed of which 93% of the funds have been disbursed to the partner organizations working in PPAF-III districts. Support was provided to 251 branches in 33 out of initial list of 37 designated districts, and newly added KP and Balochistan provinces. The infrastructure invested can serve more than 350,000 active clients in PPAF-III districts.Over the last 12 months the FSG has been focusing on taking several innovative and diversified financial products to scale.The spin off of microfinance into a separate entity is still progressing slowly, PPAF and its partner equity investors DFID and KfW have made some progress in agreeing on operational structure of the new Microfinance Investment Vehicle (MIV) now referred to as Pakistan Microfinance Investment Company (PMIC).

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5. Component 4 - Basic Services and Infrastructure: The overall progress under this component is Moderately Satisfactory.

i. Subcomponent 4a- Water and Infrastructure: The progress under this sub-component is Satisfactory. Progress against intermediate outcome indicators has shown some improvement but concerted efforts are required to meet end-of-project targets. Overall component expenditure increased from 61.4% to 64.5%. Initiated community infrastructure schemes are at 99% of the target, though 37% of funds are still unused by POs. The total schemes under Local Area Upscaling and Upgrading (LAU) have exceeded the target by 64%. Sindh Coastal Areas Development (SCAD) program was restructured and of its total revised commitment of USD 12.6 mill, it has achieved 44% disbursement. The sustainability of interventions under the Basic Services and Infrastructure component is currently weak. PPAF needs to closely review funds under the component and assess how the existing allocation can be used more effectively to ensure impact maximization of existing schemes and their overall sustainability.

ii. Subcomponent Component 4b - Social (Health and Education) Infrastructure: The progress under this sub-component is Moderately Satisfactory. While the health strategy has been finalized, the education strategy is delayed. PPAF needs to develop implementation plans for both programs on a priority basis, and recruit staff with adequate expertise and skill sets.

iii. Sindh Coastal Areas Development program: The Mission appreciates PPAF’s commendable efforts in restructuring the SCAD program towards a direction where it is now being implemented in a holistic and integrated manner. Based on Union Council Development Plans (UCDPs) and Village Development Plans (VDPs) that have been developed by COs, VOs, and LSOs, an integrated, multi-sectoral financing agreement was signed with each PO in SCAD.

5. Progress on Communications & Media is Satisfactory. The team has made good progress in developing communications targeted to communities, and they have recently completed the first newsletter targeting POs and LSOs that will allow for the movement of information through the PPAF system. The field kahani (story) is a no-cost innovative product that could be scaled up to include issue based kahani.6. Project management is Moderately Satisfactory and needs improvement, especially operationalizing the MIS, compliance of Environmental and Social Management Framework, and effective implemenation of the findings and recommendation of the Bank Commissioned Management Performance Review of PPAF-III.7. The mission conducted a complete fiduciary review of arrangements applicable to PPAF-III, examining changes in fiduciary management arrangements since the last review in April 2014. Both FM and Procurement arrangements in place are considered Satisfactory. The recruitment process is underway for vacant positions: (i) Chief Internal Auditor; who resigned in July 2014. Implementation progress of the Bank-led Independent Procurement Review of PPAF-III was reassuring and quite a few agreed actions have since been implemented. The Bank is providing additional guidance to resolve the remaining issues. Annual Post Procurement Review (PPR) of PPAF and POs has been completed and there are no major deviations. As a matter of good corporate practice, PPAF has voluntarily adopted Corporate Governance Rules issued by the Securities and Exchange Commission of Pakistan, which require holding regular quarterly meetings of the Board and its Committees—Audit Committee and Risk Oversight Committee of the Board. It is of key importance that PPAF integrate their MIS with the FMIS in order to monitor financial vs. implementation progress; and that CDD Procurement Guideliness are completed on a priority basis.8. Progress on gender mainstreaming is satisfactory. PPAF has requested that a designated amount up to USD 300,000 from the gains on exchange rate be provided to the PPAF Gender Committee in order for it to move forward on the Gender Action Plan, as without dedicated funding, it would be difficult to carry out all activities effectively. The Bank approves of this allocation in principle and recommends that PPAF prepare a budget for activities under the Action Plan by end December 2015, to be shared with the Bank for approval.

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Risks

Systematic Operations Risk-rating Tool

Risk Category Rating at Approval Previous Rating Current Rating

Political and Governance -- -- Moderate

Macroeconomic -- -- Low

Sector Strategies and Policies -- -- Low

Technical Design of Project or Program -- -- LowInstitutional Capacity for Implementation and Sustainability -- -- Low

Fiduciary -- -- Low

Environment and Social -- -- Low

Stakeholders -- -- Low

Other -- -- --

Overall -- -- Low

Results

Project Development Objective Indicators

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PHINDPDOTBL

Improved access to municipal and local services (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- 20.00 20.00 33.00

Date -- 28-Apr-2014 17-Nov-2014 30-Sep-2015

PHINDPDOTBL

Household incomes and/or assets (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- 20.00 22.00 20.00

Date -- 28-Apr-2014 17-Nov-2014 30-Sep-2015

PHINDPDOTBL

60% of community institutions are viable and sustainable. (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 54.00 60.00

Date -- -- 17-Nov-2014 30-Sep-2015

Overall Comments

Intermediate Results IndicatorsPHINDIRITBL

Beneficiaries of Labor Market programs (number) (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 254916.00 254916.00 --

Date 01-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

Beneficiaries of Labor Market programs - Wage subsidies programs (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 52020.00 52020.00 --

Date 01-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Beneficiaries of Labor Market programs - Training and re-training (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 254916.00 254916.00 --

Date 01-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Beneficiaries of Labor Market programs - Unemployment insurance and benefits (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 0.00 0.00 --

Date 01-Jul-2009 28-Apr-2014 -- --

PHINDIRITBL

Beneficiaries of Labor Market programs - Female (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 123590.00 123590.00 --

Date 01-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

Beneficiaries of Labor Market programs - Other (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 0.00 0.00 --

Date 01-Jul-2009 -- -- --

PHINDIRITBL

Beneficiaries of Labor Market programs - Employment services agencies (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 0.00 0.00 --

Date 01-Jul-2009 -- -- --

PHINDIRITBL

Beneficiaries of Labor Market programs - Supporting entrepreneurship (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 0.00 0.00 --

Date 01-Jul-2009 -- -- --

PHINDIRITBL

People with access to a basic package of health, nutrition, or reproductive health services (number) (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 4574814.00 12421723.00 12421723.00 --

Date 30-Jun-2011 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

Financial Self-Sufficiency (Percentage, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 109.00 109.00 --

Date 09-Jul-2009 14-Nov-2014 17-Dec-2014 --

PHINDIRITBL

Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 100.00 100.00 --

Date 09-Jul-2009 14-Nov-2014 17-Dec-2014 --

PHINDIRITBL

Portfolio at Risk - Microfinance (Percentage, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 3.60 3.60 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 100.00 100.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

No of active loan accounts -Microfinance (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 151281.00 151281.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 100.00 100.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Outstanding Microfinance Loan Portfolio (Amount(USD), Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 25458211.00 25458211.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 100.00 100.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

Volume of Bank Support: Enabling Environment - Microfinance (Amount(USD), Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 6000000.00 6000000.00 --

Date 07-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Volume of Bank Support: Institutional Development - Microfinance (Amount(USD), Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 6000000.00 6000000.00 --

Date 09-Jan-2009 14-Nov-2014 17-Dec-2014 --

PHINDIRITBL

Roads rehabilitated, Rural (Kilometers, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 37.00 37.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Improved community water points constructed or rehabilitated under the project (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 1656.00 1656.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

Number of people in rural areas provided with access to Improved Water Sources under the project (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 580357.00 580357.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Water users provided with new/improved irrigation and drainage services (number) (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 1020339.00 1020339.00 --

Date 09-Jul-2009 28-Apr-2014 17-Nov-2014 --

PHINDIRITBL

Water users provided with irrigation and drainage services - female (number) (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 551533.00 551533.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

People provided with access to "improved sanitation facilities” under the proj. (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 372796.00 372796.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

People provided with access to “improved sanitation facilities”- rural (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 372796.00 372796.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Participants in consultation activities during project implementation (number) (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 269976.00 269976.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Participants in consultation activities during project implementation - female (Number, Core Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 137688.00 137688.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Grievance system and redressal (Text, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- -- --

Date -- -- -- --

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PHINDIRITBL

Monitoring, evaluation and learning (Text, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- -- --

Date -- -- -- --

PHINDIRITBL

Volume of Bank Support: Lines of Credit - Microfinance (Amount(USD), Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 62415645.00 62415645.00 33000000.00

Date -- 14-Nov-2014 17-Nov-2014 30-Sep-2015

PHINDIRITBL

% active micro-savings accounts held by women (Percentage, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 20.00 69.00 69.00 25.00

Date 09-Jul-2009 28-Apr-2014 17-Nov-2014 30-Sep-2015

PHINDIRITBL

School facilities constructed or renovated (Number, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 896.00 896.00 336.00

Date -- 14-Nov-2014 17-Nov-2014 30-Sep-2015

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PHINDIRITBL

Health facilities constructed, renovated, and/or equipped (number) (Number, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 504.00 504.00 280.00

Date -- 14-Nov-2014 15-Dec-2014 17-Nov-2014

PHINDIRITBL

Roads constructed, Rural (Kilometers, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 407.00 407.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Community contribution in the total project costs (percentage) (Percentage, Core)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 19.00 19.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

PHINDIRITBL

Total community contribution (US$) (Amount(USD), Core Supplement)

Baseline Actual (Previous) Actual (Current) End Target

Value 0.00 6499130.00 6499130.00 --

Date 09-Jul-2009 14-Nov-2014 17-Nov-2014 --

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PHINDIRITBL

At least 60% of targeted poor are members of community organizations. (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 45.00 -- 58.00 60.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

At least 60% of Poorest households who are members of community organizations. (Percentage, Custom Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 45.00 -- 56.00 60.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

At least 30% of all CO members are women. (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 40.00 -- 64.00 30.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

At least 60% of COs clustered into Village Level Organizations (VO) (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 1.00 -- 53.00 60.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

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PHINDIRITBL

At least 25% of VOs clustered at UC Level. (Percentage, Custom Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 48.00 25.00

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

At least 55% of Community Institutions are performing satisfactorily in terms of effectiveness, transparency and accountability. (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 50.00 -- 54.00 55.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

Microfinance outreach increased from 6% to 8.80% in PPAF-III districts (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 6.00 -- 10.43 8.80

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

230,000 new borrowers in PPAF-III districts (Number, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 253031.00 230000.00

Date -- -- 17-Nov-2014 30-Sep-2015

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PHINDIRITBL

At least 25% of all micro-credit loans received by women in PPAF-III targeted districts (Percentage, Custom Supplement)

Baseline Actual (Previous) Actual (Current) End Target

Value 20.00 -- 66.00 25.00

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

A minimum annual growth rate of 20% in microcredit loans maintained in one-fourth of PPAF-III served areas (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 20.00 20.00

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

Average repayments of micro-credit loans to POs at least 95% (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 95.00 -- 97.40 95.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

Average repayments of micro-credit loans from POs to PPAF at least 98% (Percentage, Custom Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 100.00 98.00

Date -- -- 17-Nov-2014 30-Sep-2015

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PHINDIRITBL

Institutional review of PPAF microfinance portfolio, management and governance structure completed and made operational by end of project (Text, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- --

PPAF Board has approved the “spinning-off” of its microfinance. New entity is expected to be operational by Mid 2015.

A new spinoff entity for Microfinance created and functional.

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

At least 50% of COs are benefiting from improved infrastructure (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 35.13 50.00

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

30% of COs have accessed other sources of funding for infrastructure/local services; (Percentage, Custom Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 24.69 30.00

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

Minimum ERR of 20% and FRR of 25% of investment in water and infrastructure (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 26.00 -- -- 20.00

Date 09-Jul-2009 -- -- 30-Sep-2015

The World Bank Implementation Status & Results ReportThird Pakistan Poverty Alleviation Fund Project (P105075)

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PHINDIRITBL

Minimum FRR of 25% of investment in water and infrastructure (Percentage, Custom Breakdown)

Baseline Actual (Previous) Actual (Current) End Target

Value 30.00 -- -- 25.00

Date 09-Jul-2009 -- -- 30-Sep-2015

PHINDIRITBL

At least 60% of the beneficiaries report satisfaction with the PPAF supported health and education facilities (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 51.00 60.00

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

4.4: Net enrollment growth rate of 7.5% per annum maintained over the project period (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value -- -- 16.00 7.50

Date -- -- 17-Nov-2014 30-Sep-2015

PHINDIRITBL

At least 40% of beneficiaries of infrastructure, health and education interventions are women (Percentage, Custom)

Baseline Actual (Previous) Actual (Current) End Target

Value 54.00 -- 54.25 40.00

Date 09-Jul-2009 -- 17-Nov-2014 30-Sep-2015

Overall Comments

Data on Financial Performance

The World Bank Implementation Status & Results ReportThird Pakistan Poverty Alleviation Fund Project (P105075)

1/2/2015 Page 21 of 22

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Disbursements (by loan)

Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed

P105075 IDA-45990 Effective XDR 167.20 167.20 0.00 154.32 12.88 92%

Key Dates (by loan)

Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date

P105075 IDA-45990 Effective 04-Jun-2009 09-Jun-2009 09-Jul-2009 31-Jan-2015 30-Sep-2015

Cumulative Disbursements

Restructuring History

Level 2 Approved on 12-Aug-2014

Related Project(s)

There are no related projects.

The World Bank Implementation Status & Results ReportThird Pakistan Poverty Alleviation Fund Project (P105075)

1/2/2015 Page 22 of 22

Public Disclosure Copy

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