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Social Investment & Employment Promotion Project (SIEP)

Abstract*

Overall, the Social Investment and Employment Promotion Project, aims at improving the living conditions of people locked in "pockets" of poverty, persisting in Bulgaria, concentrated regionally, among the long-term unemployed, and specific ethnic minorities. Supported by the policy, and regulatory framework, the project components will: 1) finance basic infrastructure, and service delivery, via two financing windows: a) direct financing of communities...

* 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 improve the standard of living of people who are locked in persisting ?pockets? of poverty in Bulgaria, concentrated regionally, among the long-term u nemployed, and among specific ethnic minorities (Roma, Turkish). Because these targeted vulnerable groups su ffer from multiple disadvantages (e.g., exclusion, weak social capital, poor access to markets and basic serv ices, low employment, low income), the project will achieve its objective through complementing the existing, relatively good social protection system by offering a range of instruments, all focused on building the ass ets, individual and communal, of poor and vulnerable people living in these pockets.The Community Infrastructure for Development Initiative (CIDI) component will address issues related to empowerment and integration of targeted communities and of inadequate access to basic infrastructu re and services, by allowing communities to identify and to manage, themselves, development investments of gr eatest local priority. It is expected that the investments will also lay the groundwork for improved market access and human capital development?preconditions to enhancing employment opportunities and reducing poverty . The Bulgarian Active Labor Market Initiative (BALMI) component will identify me dium-term economic and labor trends information and provide active labor services to assist economically disa dvantaged individuals in poor communities to extend and use their human capital productively, particularly in the context of changing economic and labor market conditions.

Key Details

Project Details

  • P069532

  • Closed

  • Peter Pojarski

  • N/A

  • Bulgaria

  • November 8, 2001

  • (as of board presentation)

    December 17, 2002

  • September 13, 2001

  • US$ 50.00 million

  • F

  • Not Applicable

  • December 31, 2009

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Borrower/Recipient 16.74
International Bank for Reconstruction and Development 50.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 50.00
IDA Commitment N/A
IBRD + IDA Commitment 50.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 66.74

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2021 IBRD-46811 Loan Repay 692,527.25
Mar 21, 2007 IBRD-46811 Loan Commitment 19,300,000.00
Dec 17, 2002 IBRD-46810 Loan Commitment 50,000,000.00
Jun 15, 2024 IBRD-46811 Loan Repay 657,378.50
Jun 15, 2024 IBRD-46811 Int Charges 14,603.13
Dec 15, 2013 IBRD-46810 Int Charges 95,493.04
Dec 15, 2013 IBRD-46810 Loan Repay 2,673,069.80
Dec 15, 2013 IBRD-46811 Int Charges 45,264.59
Dec 15, 2013 IBRD-46811 Loan Repay 843,230.25
Dec 15, 2015 IBRD-46811 Loan Repay 676,489.10
Jun 15, 2015 IBRD-46810 Int Charges 56,286.40
Jun 15, 2015 IBRD-46810 Loan Repay 2,319,680.80
Jun 15, 2015 IBRD-46811 Int Charges 29,134.25
Jun 15, 2015 IBRD-46811 Loan Repay 689,331.90
Dec 15, 2014 IBRD-46810 Loan Repay 2,519,923.20
Jun 15, 2014 IBRD-46811 Int Charges 52,121.84
Jun 15, 2014 IBRD-46811 Loan Repay 832,108.00
Jun 15, 2014 IBRD-46810 Int Charges 107,327.67
Jun 15, 2014 IBRD-46810 Loan Repay 2,691,921.00
Dec 15, 2014 IBRD-46810 Int Charges 86,964.00
Dec 15, 2014 IBRD-46811 Int Charges 43,473.89
Dec 15, 2014 IBRD-46811 Loan Repay 763,592.70
Jun 15, 2016 IBRD-46810 Loan Repay 2,410,619.00
Jun 15, 2016 IBRD-46811 Int Charges 18,476.51
Jun 15, 2016 IBRD-46811 Loan Repay 689,700.56
Jun 15, 2016 IBRD-46810 Int Charges 32,510.09
Dec 15, 2015 IBRD-46810 Int Charges 43,570.04
Dec 15, 2015 IBRD-46810 Loan Repay 2,320,453.00
Dec 15, 2015 IBRD-46811 Int Charges 23,521.54
Jun 15, 2017 IBRD-46810 Int Charges 14,271.38
Jun 15, 2017 IBRD-46810 Loan Repay 2,492,973.20
Jun 15, 2017 IBRD-46811 Int Charges 9,365.80
Jun 15, 2017 IBRD-46811 Loan Repay 686,136.56
Dec 15, 2016 IBRD-46811 Int Charges 10,405.96
Dec 15, 2016 IBRD-46811 Loan Repay 639,712.00
Dec 15, 2016 IBRD-46810 Int Charges 17,180.91
Dec 15, 2016 IBRD-46810 Loan Repay 2,277,498.80
Dec 15, 2018 IBRD-46811 Int Charges 6,345.33
Dec 15, 2018 IBRD-46811 Loan Repay 693,479.70
Jun 15, 2018 IBRD-46810 Int Charges 7,269.59
Jun 15, 2018 IBRD-46810 Loan Repay 2,687,091.50
Jun 15, 2018 IBRD-46811 Int Charges 6,087.25
Jun 15, 2018 IBRD-46811 Loan Repay 712,467.30
Dec 15, 2017 IBRD-46811 Loan Repay 725,033.60
Dec 15, 2017 IBRD-46810 Loan Repay 2,681,446.00
Dec 15, 2017 IBRD-46811 Int Charges 7,223.74
Dec 15, 2017 IBRD-46810 Int Charges 9,918.95
Jun 15, 2019 IBRD-46811 Int Charges 6,158.67
Jun 15, 2019 IBRD-46811 Loan Repay 692,158.50
Jun 15, 2019 IBRD-46810 Loan Repay 2,711,765.50
Jun 15, 2019 IBRD-46810 Int Charges 4,428.00
Dec 15, 2018 IBRD-46810 Int Charges 6,214.99
Dec 15, 2018 IBRD-46810 Loan Repay 2,666,210.20
Jun 15, 2020 IBRD-46811 Int Charges 2,845.50
Jun 15, 2020 IBRD-46811 Loan Repay 691,083.20
Dec 15, 2019 IBRD-46811 Int Charges 5,585.10
Dec 15, 2019 IBRD-46811 Loan Repay 686,689.56
Dec 15, 2019 IBRD-46810 Int Charges 2,228.99
Dec 15, 2019 IBRD-46810 Loan Repay 2,740,573.80
Jun 15, 2022 IBRD-46811 Loan Repay 644,136.30
Jun 15, 2021 IBRD-46811 Loan Repay 744,605.00
Dec 15, 2020 IBRD-46811 Loan Repay 747,185.90
Dec 15, 2020 IBRD-46811 Int Charges 7,292.55
Jun 15, 2023 IBRD-46811 Int Charges 29,808.09
Jun 15, 2023 IBRD-46811 Loan Repay 666,227.20
Dec 15, 2023 IBRD-46811 Loan Repay 674,031.10
Dec 15, 2023 IBRD-46811 Int Charges 28,918.19
Dec 15, 2022 IBRD-46811 Int Charges 7,433.93
Dec 15, 2022 IBRD-46811 Loan Repay 652,862.06

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Satisfactory 2009-12-30
Overall Implementation Progress (IP) Satisfactory 2009-12-30
Progress towards achievement of PDO Moderately Satisfactory 2009-12-30
Overall Safeguards Rating Satisfactory 2009-12-30
Procurement Satisfactory 2009-12-30
Monitoring and Evaluation Moderately Satisfactory 2009-12-30
Counterpart Funding Satisfactory 2009-12-30
Project Management Satisfactory 2009-12-30

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-28-2010
OutcomesModerately Satisfactory
Risk to Development OutcomeModest
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencySubstantial

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-23-2012PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeModerateN/a
Bank PerformanceModerately UnsatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately SatisfactoryN/a
Implementing AgencyModerately SatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityModestN/a

Results Framework

No data available.