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Social Insurance Administration Project (SIAP)

Abstract*

The Social Insurance Administration Project aims to support the government's current reform program goals of eliminating the social insurance budgetary subsidy through fiscal balance achievement and laying the groundwork for future reforms aimed at a fundamental restructuring of Bulgaria's system for guaranteeing income security. Therefore, the project will: a) strengthen efforts to increase the National Social Security Insitute's (NSSI) overall operational...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

TO FACILITATE ADAPTION OF THE EXISTING ENTERPRISE-BASED SOCIALINSURANCE ADMINISTRATION TO THE REQUIREMENTS OF A MARKET ECONOMY,NECESSITATED BY THE ONGOING TRANSITION.

Key Details

Project Details

  • P008323

  • Closed

  • Carlos Ferreira

  • N/A

  • Bulgaria

  • September 3, 1996

  • (as of board presentation)

    September 3, 1996

  • April 25, 1997

  • US$ 24.92 million

  • C

  • Not Applicable

  • June 30, 2002

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 24.30
US: Agency for International Development (USAID) 0.62

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 24.30
IDA Commitment N/A
IBRD + IDA Commitment 24.30
Lending Instrument
Grant Amount 0.62
Total Project Cost** 32.30

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2013 IBRD-4081A Loan Repay 1,168,860.80
Dec 15, 2013 IBRD-4081S Int Charges 1,903.54
Dec 15, 2013 IBRD-4081S Loan Repay 62,427.07
Dec 15, 2014 IBRD-4081A Int Charges 12,371.84
Dec 15, 2014 IBRD-4081A Loan Repay 1,132,267.00
Dec 15, 2014 IBRD-4081S Loan Repay 0.01
Dec 15, 2014 IBRD-4081S Int Charges 613.16
Dec 15, 2015 IBRD-4081A Int Charges 3,668.08
Dec 15, 2015 IBRD-4081A Loan Repay 1,072,883.20
Dec 15, 2015 IBRD-4081S Int Charges 0.01
Dec 15, 2015 IBRD-4081S Loan Repay 0.01
Dec 15, 2015 IBRD-4081S Int Charges 245.74
Dec 15, 2015 IBRD-4081S Loan Repay 57,303.90
Jun 15, 2015 IBRD-4081A Int Charges 6,478.71
Jun 15, 2015 IBRD-4081A Loan Repay 1,057,757.80
Jun 15, 2015 IBRD-4081S Int Charges 0.01
Jun 15, 2015 IBRD-4081S Int Charges 454.81
Jun 15, 2015 IBRD-4081S Loan Repay 56,492.86
Jun 15, 2016 IBRD-4081A Int Charges 1,500.75
Jun 15, 2016 IBRD-4081A Loan Repay 1,135,508.40
Jun 15, 2016 IBRD-4081S Int Charges 84.81
Jun 15, 2016 IBRD-4081S Loan Repay 60,560.55
Sep 3, 1996 IBRD-40810 Loan Commitment 24,300,000.00
Sep 3, 1996 IBRD-4081A Loan Commitment 23,118,304.00
Sep 3, 1996 IBRD-4081S Loan Commitment 1,181,696.60
Dec 15, 2013 IBRD-4081A Int Charges 16,712.15
Jun 15, 2014 IBRD-4081A Int Charges 17,448.44
Jun 15, 2014 IBRD-4081S Loan Repay 63,609.34
Jun 15, 2014 IBRD-4081S Int Charges 901.85
Dec 15, 2014 IBRD-4081S Loan Repay 60,475.28
Jun 15, 2014 IBRD-4081A Loan Repay 1,191,017.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-28-2003PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceHighly SatisfactoryN/a
Borrower PerformanceHighly SatisfactoryN/a
Government PerformanceHighly SatisfactoryN/a
Implementing AgencyHighly SatisfactoryN/a
Icr QualityUnsatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.