MN-Index-Based Livestock Insurance

Abstract*

The Index-based Livestock Insurance Project for Mongolia aims to ascertain the viability of index-based livestock insurance in Mongolia to reduce the impact of livestock mortality for herders. The project consist of the following five components: Component 1) will pilot the two Index-based Livestock Insurance (IBLI) products. Both products would be provided to herders through insurance companies. Component 2) a range of promotion and public awareness... Show More

Development Objective

To ascertain the viability of Index Based Livestock Insurance in Mongolia to reduce the impact of livestock mortality for herders' livelihoods through: (i) scaling up Index Based Livestock Insurance Program in Selected Aimags; and (ii) building the institutional capacity and legal and institutional framework for the sustainability of the Index Based Livestock Insurance Program.

Key Details

Project Details

Project ID
P088816
Status
Closed
Team Leader
Stephane Forman
Borrower 2
Ministry of Finance

Country
Mongolia
Disclosure Date
July 23, 2004
Approval Date
(as of board presentation)
May 26, 2005
Effective Date
June 17, 2005

Total Project Cost 1
US$ 9.88 million
Implementing Agency
Ministry of Finance
Region
East Asia and Pacific
Fiscal Year 3
2005

Commitment Amount
US$ 9.62 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
March 31, 2016

Last Stage Reached
BANK APPROVED
Last Update Date
July 16, 2024

Associated Projects
P115119

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Finance for Development6%
- FY17 - Disaster Risk Finance6%

FY17 - Private Sector Development

FY17 - Business Enabling Environment26%
- FY17 - Investment and Business Climate13%
- FY17 - Regulation and Competition Policy13%
FY17 - Jobs100%

FY17 - Social Development and Protection

FY17 - Fragility, Conflict and Violence3%
- FY17 - Forced Displacement3%
FY17 - Social Inclusion23%
- FY17 - Other Excluded Groups23%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management18%
- FY17 - Disaster Preparedness6%
- FY17 - Disaster Response and Recovery6%
- FY17 - Disaster Risk Reduction6%
FY17 - Rural Development25%
- FY17 - Rural Infrastructure and service delivery25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
JAPAN: Ministry of Finance - PHRD Grants	1.32
The Financial Sector Reform and Strengthening Initiative	0.56
Borrower/Recipient	0.26
IDA Credit	7.75

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	7.75
IBRD + IDA Commitment	7.75

Lending Instrument
Grant Amount	1.87
Total Project Cost**	9.88

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

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2018	IDA-46870	Int Charges	19,836.65
May 15, 2018	IDA-46870	Int Charges	19,836.65
May 15, 2020	IDA-40690	Int Charges	53.45
May 15, 2020	IDA-40690	Int Charges	53.45
May 15, 2020	IDA-46870	Int Charges	19,027.68
May 15, 2020	IDA-46870	Int Charges	19,027.68
Nov 15, 2019	IDA-46870	Int Charges	140.39
Nov 15, 2019	IDA-46870	Int Charges	140.39
Nov 15, 2019	IDA-46870	Int Charges	19,080.16
Nov 15, 2019	IDA-46870	Int Charges	19,080.16
Nov 15, 2019	IDA-40690	Loan Repay	405.59
Nov 15, 2019	IDA-40690	Loan Repay	40,804.07
Nov 15, 2019	IDA-40690	Int Charges	14,163.31
Nov 15, 2019	IDA-40690	Int Charges	14,163.31
May 15, 2019	IDA-40690	Loan Repay	852.77
May 15, 2019	IDA-40690	Loan Repay	40,591.35
May 15, 2019	IDA-40690	Int Charges	14,453.64
May 15, 2019	IDA-40690	Int Charges	14,453.64
May 15, 2019	IDA-46870	Int Charges	294.37
May 15, 2019	IDA-46870	Int Charges	294.37
May 15, 2019	IDA-46870	Int Charges	19,054.41
May 15, 2019	IDA-46870	Int Charges	19,054.41
May 15, 2021	IDA-40690	Int Charges	129.22
May 15, 2021	IDA-40690	Loan Repay	43,134.17
May 15, 2021	IDA-40690	Int Charges	13,986.45
May 15, 2021	IDA-40690	Int Charges	13,986.45
Nov 15, 2020	IDA-40690	Int Charges	14,239.20
Nov 15, 2020	IDA-40690	Int Charges	14,239.20
Nov 15, 2020	IDA-46870	Loan Repay	52,032.50
Nov 15, 2020	IDA-40690	Loan Repay	41,812.59
Nov 15, 2020	IDA-40690	Loan Repay	755.53
May 15, 2021	IDA-46870	Int Charges	19,212.18
May 15, 2021	IDA-46870	Int Charges	19,212.18
May 15, 2021	IDA-46870	Int Charges	164.92
May 15, 2021	IDA-46870	Int Charges	164.92
May 15, 2021	IDA-46870	Loan Repay	53,700.80
May 15, 2021	IDA-40690	Int Charges	129.22
Nov 15, 2020	IDA-46870	Int Charges	19,512.06
Nov 15, 2020	IDA-46870	Int Charges	19,512.06
Nov 15, 2020	IDA-46870	Loan Repay	963.59
May 15, 2020	IDA-40690	Loan Repay	40,756.35
May 15, 2020	IDA-40690	Int Charges	13,908.08
May 15, 2020	IDA-40690	Int Charges	13,908.08
May 15, 2020	IDA-46870	Int Charges	18.56
May 15, 2020	IDA-46870	Int Charges	18.56
May 15, 2020	IDA-46870	Loan Repay	50,740.48
May 15, 2022	IDA-46870	Int Charges	17,882.04
May 15, 2022	IDA-46870	Loan Repay	1,080.19
May 15, 2022	IDA-40690	Int Charges	13,016.85
May 15, 2022	IDA-40690	Int Charges	13,016.85
May 15, 2022	IDA-40690	Loan Repay	846.17
May 15, 2022	IDA-40690	Loan Repay	39,052.11
May 15, 2022	IDA-46870	Loan Repay	48,592.03
May 15, 2022	IDA-46870	Int Charges	17,882.04
Nov 15, 2021	IDA-46870	Int Charges	19,075.13
Nov 15, 2021	IDA-46870	Int Charges	19,075.13
Nov 15, 2021	IDA-40690	Loan Repay	42,121.70
Nov 15, 2021	IDA-40690	Int Charges	13,900.12
Nov 15, 2021	IDA-40690	Int Charges	13,900.12
Nov 15, 2021	IDA-46870	Int Charges	510.57
Nov 15, 2021	IDA-46870	Int Charges	510.57
Nov 15, 2021	IDA-46870	Loan Repay	52,440.30
May 15, 2015	IDA-46870	Int Charges	18,202.13
May 15, 2015	IDA-46870	Int Charges	18,202.13
Apr 28, 2015	IDA-46870	Loan Disb	12,115.52
Apr 28, 2015	IDA-46870	Loan Disb	31,414.28
Apr 28, 2015	IDA-40690	Loan Disb	35,781.87
Jul 8, 2015	IDA-40690	Loan Disb	23,477.99
Jul 8, 2015	IDA-46870	Loan Disb	23,719.60
Apr 8, 2015	IDA-46870	Loan Disb	15,068.45
Apr 8, 2015	IDA-40690	Loan Disb	38,243.52
May 15, 2015	IDA-40690	Int Charges	394.07
May 15, 2015	IDA-40690	Int Charges	394.07
May 15, 2015	IDA-40690	Int Charges	14,764.52
May 15, 2015	IDA-40690	Int Charges	14,764.52
May 15, 2015	IDA-46870	Int Charges	161.01
May 15, 2017	IDA-46870	Int Charges	522.52
Jun 3, 2016	IDA-46870	Loan Disb	-154,334.52
Nov 15, 2021	IDA-40690	Int Charges	399.97
Nov 15, 2021	IDA-40690	Int Charges	399.97
May 15, 2023	IDA-46870	Int Charges	17,080.14
May 15, 2023	IDA-46870	Int Charges	17,080.14
May 15, 2023	IDA-46870	Int Charges	1,087.76
May 15, 2023	IDA-46870	Int Charges	1,087.76
May 15, 2023	IDA-46870	Loan Repay	50,116.02
May 15, 2023	IDA-40690	Int Charges	851.97
May 15, 2023	IDA-40690	Int Charges	851.97
May 15, 2023	IDA-40690	Loan Repay	40,254.76
May 15, 2023	IDA-40690	Int Charges	12,372.44
May 15, 2023	IDA-40690	Int Charges	12,372.44
Nov 15, 2022	IDA-46870	Loan Repay	2,465.05
Nov 15, 2022	IDA-40690	Loan Repay	1,930.90
Nov 15, 2022	IDA-40690	Loan Repay	37,523.66
Nov 15, 2022	IDA-40690	Int Charges	11,889.08
Nov 15, 2022	IDA-40690	Int Charges	11,889.08
Nov 15, 2022	IDA-46870	Loan Repay	46,654.74
Nov 15, 2022	IDA-46870	Int Charges	16,432.82
Nov 15, 2022	IDA-46870	Int Charges	16,432.82
May 26, 2005	IDA-40690	Loan Commitment	7,750,000.00
Feb 23, 2010	IDA-46870	Loan Commitment	10,000,000.00
May 15, 2024	IDA-46870	Int Charges	17,040.97
May 15, 2024	IDA-46870	Int Charges	17,040.97
May 15, 2024	IDA-46870	Loan Repay	49,394.14
May 15, 2024	IDA-40690	Int Charges	302.72
May 15, 2024	IDA-40690	Int Charges	302.72
May 15, 2024	IDA-40690	Loan Repay	39,674.92
May 15, 2024	IDA-46870	Int Charges	386.56
May 15, 2024	IDA-46870	Int Charges	386.56
May 15, 2024	IDA-40690	Int Charges	12,348.80
May 15, 2024	IDA-40690	Int Charges	12,348.80
Nov 15, 2023	IDA-46870	Int Charges	16,878.21
Nov 15, 2023	IDA-40690	Int Charges	12,222.79
Nov 15, 2023	IDA-40690	Int Charges	12,222.79
Nov 15, 2023	IDA-40690	Int Charges	453.20
Nov 15, 2023	IDA-40690	Int Charges	453.20
Nov 15, 2023	IDA-40690	Loan Repay	39,765.76
Nov 15, 2023	IDA-46870	Int Charges	578.66
Nov 15, 2023	IDA-46870	Int Charges	578.66
Nov 15, 2023	IDA-46870	Loan Repay	49,507.23
Nov 15, 2023	IDA-46870	Int Charges	16,878.21
May 15, 2018	IDA-46870	Int Charges	154.46
May 15, 2018	IDA-46870	Int Charges	154.46
Nov 15, 2016	IDA-40690	Int Charges	1,044.29
Nov 15, 2016	IDA-40690	Int Charges	1,044.29
Nov 15, 2016	IDA-40690	Loan Repay	40,881.07
Nov 15, 2016	IDA-40690	Int Charges	15,038.14
Nov 15, 2016	IDA-40690	Int Charges	15,038.14
Jul 31, 2016	IDA-46870	Loan Cancel	3,577,374.20
Jul 31, 2016	IDA-40690	Loan Cancel	2,924,743.80
May 15, 2016	IDA-40690	Loan Repay	1,670.50
May 15, 2016	IDA-40690	Loan Repay	70,853.35
Jun 3, 2016	IDA-40690	Loan Disb	-39,333.01
Nov 15, 2016	IDA-46870	Int Charges	239.94
Nov 15, 2016	IDA-46870	Int Charges	239.94
Nov 15, 2016	IDA-46870	Int Charges	19,142.20
Nov 15, 2016	IDA-46870	Int Charges	19,142.20
May 15, 2016	IDA-40690	Int Charges	14,886.02
May 15, 2016	IDA-40690	Int Charges	14,886.02
May 15, 2016	IDA-46870	Int Charges	384.97
May 15, 2016	IDA-46870	Int Charges	384.97
May 15, 2016	IDA-46870	Int Charges	19,698.76
May 15, 2016	IDA-46870	Int Charges	19,698.76
Nov 15, 2017	IDA-40690	Int Charges	875.19
Nov 15, 2017	IDA-40690	Int Charges	875.19
Nov 15, 2017	IDA-46870	Int Charges	299.63
Nov 15, 2017	IDA-46870	Int Charges	299.63
Nov 15, 2017	IDA-46870	Int Charges	19,777.23
Nov 15, 2017	IDA-46870	Int Charges	19,777.23
Nov 15, 2017	IDA-40690	Loan Repay	42,361.85
Nov 15, 2017	IDA-40690	Int Charges	15,250.26
Nov 15, 2017	IDA-40690	Int Charges	15,250.26
May 15, 2017	IDA-40690	Int Charges	14,095.95
May 15, 2017	IDA-40690	Int Charges	14,095.95
May 15, 2017	IDA-46870	Int Charges	18,368.11
May 15, 2017	IDA-46870	Int Charges	18,368.11
May 15, 2017	IDA-40690	Loan Repay	1,535.68
May 15, 2017	IDA-40690	Loan Repay	39,549.56
May 15, 2017	IDA-46870	Int Charges	522.52
Nov 15, 2018	IDA-46870	Int Charges	350.92
Nov 15, 2018	IDA-46870	Int Charges	350.92
Nov 15, 2018	IDA-46870	Int Charges	18,988.62
Nov 15, 2018	IDA-46870	Int Charges	18,988.62
Nov 15, 2018	IDA-40690	Loan Repay	1,019.40
Nov 15, 2018	IDA-40690	Loan Repay	40,404.94
Nov 15, 2018	IDA-40690	Int Charges	14,602.07
Nov 15, 2018	IDA-40690	Int Charges	14,602.07
May 15, 2018	IDA-40690	Loan Repay	449.95
May 15, 2018	IDA-40690	Loan Repay	42,370.02
May 15, 2018	IDA-40690	Int Charges	15,254.59
May 15, 2018	IDA-40690	Int Charges	15,254.59
Aug 30, 2013	IDA-46870	Loan Disb	98,859.96
Jul 26, 2013	IDA-46870	Loan Disb	74,247.53
Nov 4, 2014	IDA-46870	Loan Disb	78,009.92
Dec 16, 2014	IDA-46870	Loan Disb	53,564.21
Nov 15, 2014	IDA-40690	Int Charges	94.60
Nov 15, 2014	IDA-40690	Int Charges	94.60
Nov 15, 2014	IDA-40690	Int Charges	16,094.43
Nov 15, 2014	IDA-40690	Int Charges	16,094.43
Nov 19, 2014	IDA-46870	Loan Disb	43,225.27
Nov 15, 2014	IDA-46870	Int Charges	126.29
Nov 15, 2014	IDA-46870	Int Charges	126.29
Nov 15, 2014	IDA-46870	Int Charges	18,233.02
Nov 15, 2014	IDA-46870	Int Charges	18,233.02
Feb 18, 2014	IDA-46870	Loan Disb	64,129.34
Apr 9, 2014	IDA-46870	Loan Disb	20,117.25
Nov 15, 2013	IDA-46870	Int Charges	13.51
Nov 15, 2013	IDA-46870	Int Charges	13.51
Nov 15, 2013	IDA-46870	Int Charges	13,976.01
Nov 15, 2013	IDA-46870	Int Charges	13,976.01
Nov 15, 2013	IDA-40690	Int Charges	180.53
Nov 15, 2013	IDA-40690	Int Charges	180.53
Nov 15, 2013	IDA-40690	Int Charges	16,551.04
Nov 15, 2013	IDA-40690	Int Charges	16,551.04
Oct 9, 2013	IDA-40690	Loan Disb	17,354.02
Dec 23, 2013	IDA-46870	Loan Disb	68,039.57
Oct 16, 2013	IDA-46870	Loan Disb	73,566.67
Feb 5, 2014	IDA-46870	Loan Disb	156,336.69
Oct 10, 2013	IDA-46870	Loan Disb	81,987.55
Dec 9, 2013	IDA-46870	Loan Disb	121,649.57
Feb 13, 2015	IDA-46870	Loan Disb	59,799.07
Sep 25, 2014	IDA-46870	Loan Disb	65,996.44
Sep 15, 2014	IDA-46870	Loan Disb	80,232.30
Sep 15, 2014	IDA-46870	Loan Disb	78,583.80
Jun 30, 2014	IDA-46870	Loan Disb	73,945.55
May 15, 2014	IDA-40690	Int Charges	111.84
May 15, 2014	IDA-40690	Int Charges	111.84
May 15, 2014	IDA-40690	Int Charges	17,054.24
May 15, 2014	IDA-40690	Int Charges	17,054.24
Apr 23, 2014	IDA-46870	Loan Disb	86,953.43
May 22, 2014	IDA-46870	Loan Disb	216,140.77
May 15, 2014	IDA-46870	Int Charges	187.41
May 15, 2014	IDA-46870	Int Charges	187.41
May 22, 2014	IDA-46870	Loan Disb	31,834.55
May 15, 2014	IDA-46870	Int Charges	16,382.04
May 15, 2014	IDA-46870	Int Charges	16,382.04
Mar 26, 2014	IDA-46870	Loan Disb	36,347.22
Mar 26, 2014	IDA-46870	Loan Disb	129,674.82
Jun 22, 2015	IDA-46870	Loan Disb	93,040.82
Jun 22, 2015	IDA-40690	Loan Disb	24,138.98
Nov 15, 2015	IDA-40690	Int Charges	530.12
Nov 15, 2015	IDA-40690	Int Charges	530.12
Nov 15, 2015	IDA-46870	Int Charges	617.63
Nov 15, 2015	IDA-46870	Int Charges	617.63
Nov 15, 2015	IDA-46870	Int Charges	19,550.05
Nov 15, 2015	IDA-46870	Int Charges	19,550.05
Nov 15, 2015	IDA-40690	Loan Repay	71,141.71
Nov 15, 2015	IDA-40690	Int Charges	15,842.36
Nov 15, 2015	IDA-40690	Int Charges	15,842.36
Aug 17, 2015	IDA-46870	Loan Disb	55,259.73
May 13, 2015	IDA-46870	Loan Disb	15,416.89
May 13, 2015	IDA-40690	Loan Disb	24,120.56
Aug 17, 2015	IDA-40690	Loan Disb	22,683.59
Aug 24, 2015	IDA-46870	Loan Disb	96,517.08
May 15, 2015	IDA-46870	Int Charges	161.01

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2016-03-22
Procurement	Satisfactory	2016-03-22
Financial Management	Satisfactory	2016-03-22
Project Management	Moderately Satisfactory	2016-03-22
Counterpart Funding	Satisfactory	2016-03-22
Monitoring and Evaluation	Satisfactory	2016-03-22
Overall Implementation Progress (IP)	Satisfactory	2016-03-22

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 09-27-2016
Outcomes	Highly Satisfactory
Risk to Development Outcome	Substantial
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 01-23-2017	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Satisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Highly Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Insurance sector indicates its intention to continue to offer IBLI products beyond the lifetime of the project.	Value	none, as this product does not exist	All 7 participating insurance companies have agree	At least two local insurance companies participate
	Date	October 21, 2005	December 31, 2015	March 31, 2016
	Comment

Government commitment to IBLI demonstrated by adoption of enabling legislation Value no legislation Law Passed New law passes
Date December 31, 2015 March 31, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of insurance companies participating in IBLIP Value 4.00 7.00 4.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
% of total soums in selected aimags offering IBLI Value 100.00 100.00 90.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
% of herders in contact with insurance agents offering LRI Value 68.00 46.00 60.00
Date January 18, 2010 March 13, 2015 March 31, 2016
Comment
Participating insurance companies provide contractual payments into LIIP and LRI reserves as contractually required. Value 100.00 100.00 100.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
% of due indemnity payments distributed to soum-level institutions (banks, etc.). Value 100.00 100.00 100.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
% of due indemnity payments received by herders. Value 100.00 100.00 100.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
% of herders in the selected area aware of the products. Value 80.00 85.30 80.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
% of herders in the pilot area receiving information from project public awareness activities . Value 50.00 56.00 50.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
Regulations for IBLI drafted. Value Not drafted Adopted Drafted
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment
Number of soums where cost effective new methods for NSO livestock data collection and statistics introduced Value 0.00 330.00 200.00
Date January 18, 2010 December 31, 2015 March 31, 2016
Comment

Government commitment to IBLI demonstrated by adoption of enabling legislation	Value	no legislation	Law Passed	New law passes
	Date		December 31, 2015	March 31, 2016
	Comment

Number of insurance companies participating in IBLIP	Value	4.00	7.00	4.00
	Date	January 18, 2010	December 31, 2015	March 31, 2016
	Comment

% of total soums in selected aimags offering IBLI	Value	100.00	100.00	90.00
	Date	January 18, 2010	December 31, 2015	March 31, 2016
	Comment

% of herders in contact with insurance agents offering LRI	Value	68.00	46.00	60.00
	Date	January 18, 2010	March 13, 2015	March 31, 2016
	Comment

% of herders in the selected area aware of the products.	Value	80.00	85.30	80.00
	Date	January 18, 2010	December 31, 2015	March 31, 2016
	Comment

% of herders in the pilot area receiving information from project public awareness activities .	Value	50.00	56.00	50.00
	Date	January 18, 2010	December 31, 2015	March 31, 2016
	Comment

Regulations for IBLI drafted.	Value	Not drafted	Adopted	Drafted
	Date	January 18, 2010	December 31, 2015	March 31, 2016
	Comment

Number of soums where cost effective new methods for NSO livestock data collection and statistics introduced	Value	0.00	330.00	200.00
	Date	January 18, 2010	December 31, 2015	March 31, 2016
	Comment