1. What We Do

SN-Priv Inv Promotion SIL (FY03)

Abstract*

The Private Investment Promotion Project for Senegal's development objective is to create the conditions to stimulate a sustained increase in private investment through an improved investment climate, greater private participation in economic activities, and policy and sector reform. The project is expected to make important incremental contributions towards Senegal attaining the 8 percent GDP growth called for in the Government's poverty alleviation...

* 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

The Project's development objective is to create the conditions to increase private investment. This will be accomplished through an improved investment climate, greater private participation in economic activities, and policy and sector reforms.

Key Details

Project Details

  • P051609

  • Closed

  • Korotoumou Ouattara

  • N/A

  • Senegal

  • April 16, 1999

  • (as of board presentation)

    May 20, 2003

  • February 26, 2004

  • US$ 51.30 million

  • C

  • Not Applicable

  • December 31, 2011

  • BANK APPROVED

  • January 15, 2013

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Other PublicAdministrationFY17 - Other Public AdministrationFY17 - ICT InfrastructureFY17 - Other Information andCommunications TechnologiesFY17 - Other Information and Communications TechnologiesFY17 - Public Administration -Social ProtectionFY17 - Public Administration - Social ProtectionFY17 - Other Industry, Trade andServicesFY17 - Other Industry, Trade and Services

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 51.30
Borrower/Recipient 2.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 51.30
IBRD + IDA Commitment 51.30
Lending Instrument
Grant Amount N/A
Total Project Cost** 53.30

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$)
Jan 15, 2022 IDA-37620 Int Charges 120,632.12
Jan 15, 2022 IDA-37620 Int Charges 120,632.12
Jan 15, 2022 IDA-37620 Int Charges 7,610.25
Jan 15, 2022 IDA-37620 Int Charges 7,610.25
Jul 15, 2022 IDA-37620 Int Charges 957.20
Jul 15, 2022 IDA-37620 Int Charges 957.20
Jul 15, 2022 IDA-37620 Loan Repay 363,508.16
Jul 15, 2022 IDA-37620 Int Charges 104,254.12
Jul 15, 2022 IDA-37620 Int Charges 104,254.12
Jul 15, 2024 IDA-37620 Loan Repay 736,980.75
Jul 15, 2024 IDA-37620 Int Charges 105,020.16
Jul 15, 2024 IDA-37620 Int Charges 105,020.16
Jul 15, 2024 IDA-37620 Loan Repay 2.60
May 20, 2003 IDA-37620 Loan Commitment 46,000,000.00
Jan 15, 2024 IDA-37620 Loan Repay 723,069.10
Jan 15, 2024 IDA-37620 Int Charges 108,497.65
Jan 15, 2024 IDA-37620 Int Charges 108,497.65
Jan 15, 2024 IDA-37620 Loan Repay 18,795.02
Jul 15, 2023 IDA-37620 Loan Repay 354,658.44
Jul 15, 2023 IDA-37620 Int Charges 112,817.16
Jul 15, 2023 IDA-37620 Int Charges 112,817.16
Jul 15, 2023 IDA-37620 Loan Repay 390,543.12
Jul 15, 2023 IDA-37620 Loan Repay 6,912.81
Jul 15, 2018 IDA-37620 Loan Repay 379,118.62
Jul 15, 2018 IDA-37620 Int Charges 128,047.70
Jul 15, 2018 IDA-37620 Int Charges 128,047.70
Jul 15, 2020 IDA-37620 Loan Repay 384,532.50
Jul 15, 2020 IDA-37620 Int Charges 47.90
Jul 15, 2020 IDA-37620 Int Charges 47.90
Jul 15, 2020 IDA-37620 Int Charges 124,490.09
Jul 15, 2020 IDA-37620 Int Charges 124,490.09
Jul 15, 2020 IDA-37620 Loan Repay 1,483.38
Jan 21, 2020 IDA-37620 Int Charges 124,970.30
Jan 21, 2020 IDA-37620 Int Charges 124,970.30
Jan 21, 2020 IDA-37620 Loan Repay 380,238.70
Jan 15, 2020 IDA-37620 Loan Repay 2,815.66
Jul 15, 2019 IDA-37620 Loan Repay 324.60
Jul 15, 2019 IDA-37620 Loan Repay 384,125.44
Jul 15, 2021 IDA-37620 Loan Repay 5,775.52
Jul 15, 2021 IDA-37620 Loan Repay 389,735.44
Jul 15, 2021 IDA-37620 Int Charges 116,885.52
Jul 15, 2021 IDA-37620 Int Charges 116,885.52
Jan 15, 2021 IDA-37620 Loan Repay 18,820.41
Jan 15, 2021 IDA-37620 Loan Repay 381,082.70
Jan 15, 2021 IDA-37620 Int Charges 127,469.09
Jan 15, 2021 IDA-37620 Int Charges 127,469.09
Jan 15, 2023 IDA-37620 Int Charges 7,749.34
Jan 15, 2023 IDA-37620 Int Charges 7,749.34
Jan 15, 2023 IDA-37620 Loan Repay 374,363.62
Jan 15, 2023 IDA-37620 Int Charges 113,712.95
Jan 15, 2023 IDA-37620 Int Charges 113,712.95
Jan 15, 2022 IDA-37620 Loan Repay 390,880.03
Jan 17, 2017 IDA-37620 Int Charges 3,245.57
Jan 17, 2017 IDA-37620 Loan Repay 376,673.53
Jan 17, 2017 IDA-37620 Int Charges 131,262.05
Jan 17, 2017 IDA-37620 Int Charges 131,262.05
Jul 15, 2016 IDA-37620 Loan Repay 381,563.00
Jul 15, 2016 IDA-37620 Int Charges 24.20
Jul 15, 2016 IDA-37620 Int Charges 24.20
Jul 15, 2016 IDA-37620 Int Charges 133,082.50
Jul 15, 2016 IDA-37620 Int Charges 133,082.50
Jul 15, 2016 IDA-37620 Loan Repay 5,435.72
Jan 15, 2018 IDA-37620 Int Charges 41.44
Jan 15, 2018 IDA-37620 Int Charges 41.44
Jan 15, 2018 IDA-37620 Int Charges 135,761.12
Jan 15, 2018 IDA-37620 Int Charges 135,761.12
Jan 15, 2018 IDA-37620 Loan Repay 380,950.53
Jan 15, 2018 IDA-37620 Loan Repay 16,884.21
Jul 20, 2017 IDA-37620 Loan Repay 387,281.88
Jul 20, 2017 IDA-37620 Int Charges 16.14
Jul 20, 2017 IDA-37620 Int Charges 16.14
Jul 20, 2017 IDA-37620 Int Charges 105.74
Jul 20, 2017 IDA-37620 Int Charges 105.74
Jul 20, 2017 IDA-37620 Int Charges 133,612.27
Jul 20, 2017 IDA-37620 Int Charges 133,612.27
Jul 15, 2019 IDA-37620 Int Charges 126,868.52
Jul 15, 2019 IDA-37620 Int Charges 126,868.52
Jan 15, 2019 IDA-37620 Int Charges 3,304.76
Jan 15, 2019 IDA-37620 Int Charges 3,304.76
Jan 15, 2019 IDA-37620 Loan Repay 387,387.38
Jan 15, 2019 IDA-37620 Int Charges 129,290.57
Jan 15, 2019 IDA-37620 Int Charges 129,290.57
Jul 15, 2018 IDA-37620 Loan Repay 10,120.60
Jan 20, 2014 IDA-37620 Int Charges 8.76
Jan 20, 2014 IDA-37620 Int Charges 8.76
Jan 20, 2014 IDA-37620 Int Charges 158,061.98
Jan 20, 2014 IDA-37620 Int Charges 158,061.98
Jul 16, 2013 IDA-37620 Loan Repay 411,820.06
Jul 16, 2013 IDA-37620 Int Charges 156,595.67
Jul 16, 2013 IDA-37620 Int Charges 156,595.67
Jul 15, 2013 IDA-37620 Loan Repay 5,748.16
Jan 19, 2015 IDA-37620 Int Charges 4,930.91
Jan 19, 2015 IDA-37620 Int Charges 4,930.91
Jan 19, 2015 IDA-37620 Loan Repay 394,939.03
Jul 15, 2014 IDA-37620 Loan Repay 2,364.98
Jul 18, 2014 IDA-37620 Loan Repay 425,512.94
Jul 18, 2014 IDA-37620 Int Charges 43.92
Jul 18, 2014 IDA-37620 Int Charges 43.92
Jul 18, 2014 IDA-37620 Int Charges 151,900.84
Jul 18, 2014 IDA-37620 Int Charges 151,900.84
Jan 20, 2014 IDA-37620 Loan Repay 419,567.75
Jan 15, 2014 IDA-37620 Loan Repay 12.41
Jan 15, 2014 IDA-37620 Loan Repay 6,179.56
Jan 18, 2016 IDA-37620 Loan Repay 384,119.66
Jan 18, 2016 IDA-37620 Int Charges 9,357.71
Jan 18, 2016 IDA-37620 Int Charges 9,357.71
Jul 15, 2015 IDA-37620 Int Charges 32.34
Jul 15, 2015 IDA-37620 Int Charges 22,239.10
Jul 15, 2015 IDA-37620 Int Charges 22,239.10
Jul 15, 2015 IDA-37620 Loan Repay 388,025.94
Jul 15, 2015 IDA-37620 Int Charges 32.34
Jul 15, 2015 IDA-37620 Int Charges 130,236.45
Jul 15, 2015 IDA-37620 Int Charges 130,236.45
Jan 18, 2016 IDA-37620 Int Charges 136,842.61
Jan 18, 2016 IDA-37620 Int Charges 136,842.61
Jan 19, 2015 IDA-37620 Int Charges 24.55
Jan 19, 2015 IDA-37620 Int Charges 24.55
Jan 19, 2015 IDA-37620 Int Charges 121,023.73
Jan 19, 2015 IDA-37620 Int Charges 121,023.73
Jan 17, 2017 IDA-37620 Int Charges 3,245.57
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Counterpart Funding Satisfactory 2011-12-10
Overall Implementation Progress (IP) Unsatisfactory 2011-12-10
Progress towards achievement of PDO Moderately Unsatisfactory 2011-12-10
Procurement Moderately Satisfactory 2011-12-10
Financial Management Moderately Unsatisfactory 2011-12-10
Project Management Moderately Satisfactory 2011-12-10
Monitoring and Evaluation Moderately Satisfactory 2011-12-10

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 09-26-2012
OutcomesModerately Unsatisfactory
Risk to Development OutcomeModest
Bank PerformanceUnsatisfactory
Borrower PerformanceModerately Unsatisfactory
Government PerformanceModerately Unsatisfactory
Implementing AgencyModerately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-12-2013PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeSignificantN/a
Bank PerformanceUnsatisfactoryN/a
Borrower PerformanceModerately UnsatisfactoryN/a
Government PerformanceModerately UnsatisfactoryN/a
Implementing AgencyModerately UnsatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNegligibleN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • 100 new firms with investment climate incentives start operatingValue75.0080.00100.00
    DateDecember 31, 2000January 31, 2011December 31, 2011
    CommentAPIX data
  • The number of direct new jobs created reaches 130,000 by the end of Project IDirect project beneficiaries number, % of females)Value115000.000.00130000.00
    DateDecember 31, 2007January 31, 2011December 30, 2011
    CommentAPIX cumulative data from 2001 to 2007. Data is for total number of jobs created by both new and old enterprisesNeeds to be obtained and verified.
  • The level of private investment realized reaches US$3 billionValue2500000000.000.003000000000.00
    DateDecember 31, 2009January 31, 2011December 31, 2011
    CommentAPIX dataNeeds to be established and independently verified.

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • The time to register a firm is reduced to 8 days.Value9.005.008.00
    DateDecember 31, 2009June 30, 2011December 31, 2011
    CommentDoing Business dataDB 2012 data. Indicator met and exceeded.
  • The corporate marginal tax rate is reduced to 28% by 2011.Value28.0025.0028.00
    DateJune 1, 2005June 30, 2011December 31, 2011
    CommentMinistry of Finance dataMinistry of Finance data. Indicator met and exceeded.
  • The number of new firms registered exceeds 10,000Value8500.0019138.0010000.00
    DateJanuary 1, 2009June 30, 2011December 31, 2011
    CommentAPIX cumulative data from 2004 to June 2011. Indicator met and exceeded.
  • Time to clear goods for export/imports is reduced to 8 days.Value10.0012.508.00
    DateDecember 31, 2009December 31, 2010December 31, 2011
    CommentAvg number of days for import and exportDoing Business 2012 data. It takes 11 days for exports and 14 days for import. Indicator not met although value exceeds averageinSub-Saharan Africa of 34.5 days.End target value exceeds average of 11 days of OECD countries
  • APIX operating costs are covered at least by 70% by its revenues and the State budget by end of Project.Value50.0072.0070.00
    DateDecember 31, 2009December 31, 2010December 31, 2011
    CommentAPIX dataIndicator met. APIX does not generate any revenues. Its operating costs are covered entirely by the State and other donors.
  • A tourism strategy is adopted by end of project.ValueNo tourism strategy has been adopted.Tourism strategy has been drafted.A tourism strategy has been adopted
    DateDecember 31, 2003June 30, 2011December 30, 2011
    CommentA tourism strategy was drafted in 2005 but did not get updated.
  • A decree is adopted to establish a new collecting society or societé de gestion collective to ensure payment of royaltiesValueA decree to establish a Societe de gestion collectThe decree has not been adopted yetThe decree is approved and published.
    DateDecember 31, 2009June 30, 2011December 30, 2011
    CommentThe decree has been prepared and is satisfactory to the stakeholders.Consultations are underway to get the decree adopted before December 31, 2011.
  • ARMP is fully operational and covers all of its operational cost from its revenues to ensure sustainability by end of Project.ValueARMP is partially operational.ARMP is operational but not financially self-suffiARMP is financially self-sufficient.
    DateDecember 31, 2009June 30, 2011December 31, 2011
    CommentIndicator not met.
  • % of ARMP annual operating cost coveredValue60.0023.0080.00
    DateApril 20, 2009June 30, 2011December 30, 2011
    CommentARMP is only covering 23% of its cost from its own revenues. Indicator unlikely to be met.
  • % of procurement complaints properly investigated and decided on.Value70.0098.0090.00
    DateJune 22, 2009January 31, 2011December 30, 2011
    CommentBy January 2011, ARMP had reached 98% investigation of procurement complaints reviewed. Indicator met and exceeded.
  • The number of loans made using the Partial Credit Guarantee reaches 25 by end of project.Value0.000.0025.00
    DateDecember 31, 2009June 30, 2011December 30, 2011
    CommentActivity was not implemented