1. What We Do

Regional Initiatives Fund Project (RIF)

Abstract*

The Regional Initiatives Fund Project (RIF) for Bulgaria aims to test the social fund mechanism as a means of improving the standards of living among the poor and unemployed during the economic transition. The project has three components. The Microprojects component finances about 100 microprojects identified and prepared by municipalities, nongovernmental organizations, and other intermediaries. The majority of microprojects would include civil...

* 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 SOCIAL FUND WILL SUPPORT SHORT-TERM EMPLOYMENT GENERATION FOR THE LONG-TERM UNEMPLOYED AND WORKERS IN SECTORS UNDERGOING RESTRUCTURING,REHABILITATE PRODUCTIVE AND SOCIAL ASSETS,AND LAY THE FOUNDATIONS FOR MORE PERMANENT EMPLOYMENT GENERATION.

Key Details

Project Details

  • P055156

  • Closed

  • Peter Pojarski

  • N/A

  • Bulgaria

  • September 14, 1998

  • (as of board presentation)

    November 20, 1998

  • February 17, 1999

  • US$ 5.40 million

  • B

  • Not Applicable

  • April 30, 2001

  • BANK APPROVED

  • January 15, 2013

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)Micro- and SME finance

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
UN Development Programme 0.40
International Bank for Reconstruction and Development 5.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 5.00
IDA Commitment N/A
IBRD + IDA Commitment 5.00
Lending Instrument
Grant Amount 0.40
Total Project Cost** 6.00

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$)
Jun 15, 2018 IBRD-44110 Int Charges 303.90
Jun 15, 2018 IBRD-44110 Loan Repay 228,234.69
Nov 20, 1998 IBRD-44110 Loan Commitment 5,000,000.00
Jun 15, 2016 IBRD-44110 Int Charges 2,039.24
Jun 15, 2016 IBRD-44110 Loan Repay 206,594.66
Jun 15, 2017 IBRD-44110 Int Charges 794.87
Dec 15, 2016 IBRD-44110 Int Charges 1,025.51
Dec 15, 2016 IBRD-44110 Loan Repay 194,282.34
Dec 15, 2017 IBRD-44110 Int Charges 498.02
Dec 15, 2017 IBRD-44110 Loan Repay 229,243.84
Jun 15, 2017 IBRD-44110 Loan Repay 211,236.16
Dec 15, 2018 IBRD-44110 Int Charges 173.76
Dec 15, 2018 IBRD-44110 Loan Repay 227,922.30
Jun 15, 2014 IBRD-44110 Int Charges 7,475.91
Jun 15, 2014 IBRD-44110 Loan Repay 228,480.75
Dec 15, 2014 IBRD-44110 Loan Repay 216,021.33
Dec 15, 2014 IBRD-44110 Int Charges 5,950.44
Dec 15, 2013 IBRD-44110 Int Charges 6,753.67
Dec 15, 2013 IBRD-44110 Loan Repay 228,026.60
Jun 15, 2015 IBRD-44110 Int Charges 3,763.82
Jun 15, 2015 IBRD-44110 Loan Repay 197,880.70
Dec 15, 2015 IBRD-44110 Int Charges 2,832.43
Dec 15, 2015 IBRD-44110 Loan Repay 197,008.44
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 08-06-2002PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceNot RatedN/a
Implementing AgencySatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.