Honduras Rural Competitiveness Project

Abstract*

The objective of the Rural Competitiveness Project (COMRURAL) for Honduras is to contribute to increased productivity and competitiveness among organized rural small-scale producers through their participation in productive alliances. There are three components to the project. The first component is the support to productive alliances. It will support pre-investment activities to: (i) promote the project concept and outreach to the Rural Producer... Show More

Development Objective

The revised PDO is (a) to contribute to increased productivity and competitiveness among organized rural small-scale producers through their participation in productive alliances and (b) to enable the Government to respond promptly and effectively to an eligible emergency.

Key Details

Project Details

Project ID
P101209
Status
Closed
Team Leader
Augusto Garcia , Viviana Perego
Borrower 2
Republic of Honduras

Country
Honduras
Disclosure Date
June 7, 2007
Approval Date
(as of board presentation)
June 17, 2008
Effective Date
May 28, 2010

Total Project Cost 1
US$ 51.20 million
Implementing Agency
Honduran Strategic Investment Office (INVEST-H),Secretaria de Agricultura y Ganaderia
Region
Latin America and Caribbean
Fiscal Year 3
2008

Commitment Amount
US$ 30.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2021

Last Stage Reached
BANK APPROVED
Last Update Date
May 10, 2022

Associated Projects
P158086

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 Development17%
- FY17 - Agriculture Finance17%

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Urban and Rural Development

FY17 - Rural Development84%
- FY17 - Rural Infrastructure and service delivery17%
- FY17 - Rural Markets34%
- FY17 - Rural Non-farm Income Generation33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	21.20
IDA Credit	30.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	30.00
IBRD + IDA Commitment	30.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	51.20

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$)
Nov 15, 2020	IDA-44650	Loan Repay	13,987.80
Nov 15, 2020	IDA-44650	Loan Repay	979,710.00
Nov 15, 2020	IDA-44650	Int Charges	57,262.72
Nov 15, 2020	IDA-44650	Int Charges	57,262.72
May 15, 2021	IDA-44650	Int Charges	2,390.53
May 15, 2021	IDA-44650	Int Charges	2,390.53
May 15, 2021	IDA-44650	Loan Repay	1,006,911.44
May 15, 2021	IDA-44650	Int Charges	49,066.73
May 15, 2021	IDA-44650	Int Charges	49,066.73
Apr 15, 2021	IDA-60460	Int Charges	147,171.56
Apr 15, 2021	IDA-60460	Int Charges	147,171.56
Apr 15, 2021	IDA-60460	Int Charges	138,161.05
Oct 15, 2021	IDA-60460	Int Charges	156,105.90
Oct 15, 2021	IDA-60460	Int Charges	156,105.90
Oct 15, 2021	IDA-60460	Int Charges	146,548.38
May 15, 2024	IDA-44650	Loan Repay	926,159.75
May 15, 2024	IDA-44650	Int Charges	31,257.88
May 15, 2024	IDA-44650	Int Charges	31,257.88
Jun 17, 2008	IDA-44650	Loan Commitment	30,000,000.00
May 18, 2017	IDA-60460	Loan Commitment	25,000,000.00
Jan 1, 1900	IDA-60460	Loan Commitment	0.00
Apr 15, 2024	IDA-60460	Loan Repay	317,780.72
Apr 15, 2024	IDA-60460	Int Charges	134,549.80
Apr 15, 2024	IDA-60460	Int Charges	134,549.80
Apr 15, 2024	IDA-60460	Int Charges	126,312.06
May 15, 2024	IDA-44650	Int Charges	5,575.58
May 15, 2024	IDA-44650	Int Charges	5,575.58
Oct 15, 2023	IDA-60460	Int Charges	136,885.50
Oct 15, 2023	IDA-60460	Int Charges	136,885.50
Oct 15, 2023	IDA-60460	Int Charges	128,504.74
Oct 15, 2023	IDA-60460	Loan Repay	317,780.72
Nov 15, 2023	IDA-44650	Int Charges	8,353.23
Nov 15, 2023	IDA-44650	Int Charges	8,353.23
Nov 15, 2023	IDA-44650	Loan Repay	928,280.40
Nov 15, 2023	IDA-44650	Int Charges	29,222.13
Nov 15, 2023	IDA-44650	Int Charges	29,222.13
May 15, 2023	IDA-44650	Int Charges	30,306.51
May 15, 2023	IDA-44650	Int Charges	15,715.06
May 15, 2023	IDA-44650	Int Charges	15,715.06
Apr 15, 2023	IDA-60460	Int Charges	130,697.46
Apr 15, 2023	IDA-60460	Loan Repay	317,780.72
Apr 15, 2023	IDA-60460	Int Charges	139,221.19
Apr 15, 2023	IDA-60460	Int Charges	139,221.19
May 15, 2023	IDA-44650	Loan Repay	939,695.40
May 15, 2023	IDA-44650	Int Charges	30,306.51
Oct 19, 2016	IDA-44650	Loan Disb	1,084,866.20
Feb 2, 2017	IDA-44650	Loan Disb	261,975.50
Nov 15, 2016	IDA-44650	Int Charges	716.18
Nov 15, 2016	IDA-44650	Int Charges	716.18
Jan 25, 2021	IDA-60460	Loan Disb	2,188,000.00
Apr 15, 2020	IDA-60460	Int Charges	19,395.84
Apr 15, 2020	IDA-60460	Int Charges	112,927.08
Apr 15, 2020	IDA-60460	Int Charges	112,927.08
Apr 15, 2020	IDA-60460	Int Charges	106,013.18
May 19, 2020	IDA-60460	Loan Disb	2,500,000.00
May 15, 2020	IDA-44650	Int Charges	990.13
May 15, 2020	IDA-44650	Int Charges	990.13
May 15, 2020	IDA-44650	Loan Repay	951,404.25
May 15, 2020	IDA-44650	Int Charges	60,652.01
May 15, 2020	IDA-44650	Int Charges	60,652.01
Oct 15, 2020	IDA-60460	Int Charges	136,553.25
Oct 15, 2020	IDA-60460	Int Charges	136,553.25
Oct 15, 2020	IDA-60460	Int Charges	128,192.85
Dec 27, 2019	IDA-60460	Loan Disb	2,500,000.00
May 15, 2019	IDA-44650	Loan Repay	15,817.21
Apr 15, 2019	IDA-60460	Int Charges	17,675.26
Apr 15, 2019	IDA-60460	Int Charges	17,675.26
Apr 15, 2019	IDA-60460	Int Charges	16,593.10
Nov 15, 2019	IDA-44650	Loan Repay	7,521.24
Nov 15, 2019	IDA-44650	Int Charges	63,933.39
Nov 15, 2019	IDA-44650	Int Charges	-0.01
Nov 15, 2019	IDA-44650	Int Charges	0.01
Nov 15, 2019	IDA-44650	Loan Repay	954,465.20
Nov 15, 2019	IDA-44650	Int Charges	63,933.39
Oct 15, 2019	IDA-60460	Int Charges	48,241.72
Oct 15, 2019	IDA-60460	Int Charges	48,241.72
Oct 15, 2019	IDA-60460	Int Charges	25,892.31
Aug 26, 2019	IDA-60460	Loan Disb	5,000,000.00
Oct 29, 2019	IDA-60460	Loan Disb	2,400,000.00
Oct 18, 2018	IDA-60460	Loan Disb	2,445,556.50
May 15, 2019	IDA-44650	Loan Repay	951,813.80
May 15, 2019	IDA-44650	Int Charges	68,943.71
May 15, 2019	IDA-44650	Int Charges	68,943.71
Jun 17, 2019	IDA-60460	Loan Disb	4,205,338.00
May 22, 2019	IDA-44650	Loan Disb	-1,508.22
May 22, 2019	IDA-44650	Loan Cancel	3,078.62
Oct 15, 2022	IDA-60460	Int Charges	141,556.86
Oct 15, 2022	IDA-60460	Int Charges	141,556.86
Oct 15, 2022	IDA-60460	Int Charges	132,890.12
Nov 15, 2022	IDA-44650	Loan Repay	885,372.90
Nov 15, 2022	IDA-44650	Int Charges	26,043.05
Nov 15, 2022	IDA-44650	Int Charges	26,043.05
Oct 15, 2022	IDA-60460	Loan Repay	317,780.72
Nov 15, 2022	IDA-44650	Loan Repay	35,642.78
Apr 15, 2022	IDA-60460	Int Charges	142,122.64
Nov 15, 2013	IDA-44650	Int Charges	570.27
Nov 15, 2013	IDA-44650	Int Charges	570.27
Nov 15, 2013	IDA-44650	Int Charges	34,899.85
Nov 15, 2013	IDA-44650	Int Charges	34,899.85
Nov 15, 2016	IDA-44650	Int Charges	61,669.26
Nov 15, 2016	IDA-44650	Int Charges	61,669.26
Nov 30, 2016	IDA-44650	Loan Disb	538,907.00
Jan 29, 2016	IDA-44650	Loan Disb	919,243.40
Apr 23, 2015	IDA-44650	Loan Disb	34,796.03
Nov 15, 2015	IDA-44650	Int Charges	1,744.37
Nov 15, 2015	IDA-44650	Int Charges	54,970.61
Nov 15, 2015	IDA-44650	Int Charges	54,970.61
Nov 15, 2015	IDA-44650	Int Charges	1,744.37
Dec 1, 2015	IDA-44650	Loan Disb	698,258.30
May 22, 2019	IDA-44650	Loan Disb	-1,570.40
May 15, 2018	IDA-44650	Int Charges	73,537.25
May 15, 2018	IDA-44650	Int Charges	73,537.25
May 15, 2018	IDA-44650	Int Charges	563.60
May 15, 2018	IDA-44650	Int Charges	563.60
Sep 4, 2018	IDA-44650	Loan Disb	229,385.60
Nov 15, 2018	IDA-44650	Loan Repay	1,300.70
Nov 15, 2018	IDA-44650	Loan Repay	965,868.30
Nov 15, 2018	IDA-44650	Int Charges	72,021.75
Nov 15, 2018	IDA-44650	Int Charges	72,021.75
Aug 15, 2017	IDA-44650	Loan Disb	481,032.44
Nov 15, 2017	IDA-44650	Int Charges	1,061.39
Nov 15, 2017	IDA-44650	Int Charges	1,061.39
Nov 15, 2017	IDA-44650	Int Charges	72,200.80
Nov 15, 2017	IDA-44650	Int Charges	72,200.80
May 15, 2017	IDA-44650	Int Charges	65,835.01
May 15, 2017	IDA-44650	Int Charges	65,835.01
Jun 29, 2017	IDA-44650	Loan Disb	216,606.90
May 15, 2017	IDA-44650	Int Charges	1,085.17
May 15, 2017	IDA-44650	Int Charges	1,085.17
May 15, 2016	IDA-44650	Int Charges	58,862.89
May 15, 2016	IDA-44650	Int Charges	58,862.89
May 31, 2016	IDA-44650	Loan Disb	242,570.61
May 15, 2016	IDA-44650	Int Charges	1,082.59
May 15, 2016	IDA-44650	Int Charges	1,082.59
Apr 15, 2022	IDA-60460	Int Charges	142,122.64
Apr 15, 2022	IDA-60460	Int Charges	133,421.27
May 15, 2022	IDA-44650	Loan Repay	915,742.40
May 15, 2022	IDA-44650	Int Charges	45,404.49
May 15, 2022	IDA-44650	Int Charges	45,404.49
May 15, 2022	IDA-44650	Loan Repay	15,631.46
Nov 15, 2021	IDA-44650	Int Charges	7,394.33
Nov 15, 2021	IDA-44650	Int Charges	7,394.33
Oct 30, 2021	IDA-60460	Loan Cancel	5,740,562.50
Oct 22, 2021	IDA-60460	Loan Disb	-1,231,122.80
Oct 22, 2021	IDA-60460	Loan Disb	-748,334.25
Nov 15, 2021	IDA-44650	Loan Repay	983,276.60
Nov 15, 2021	IDA-44650	Int Charges	51,622.02
Nov 15, 2021	IDA-44650	Int Charges	51,622.02
Dec 10, 2013	IDA-44650	Loan Disb	413,546.00
Nov 26, 2013	IDA-44650	Loan Disb	959,117.44
Nov 1, 2013	IDA-44650	Loan Disb	346,262.70
Oct 22, 2013	IDA-44650	Loan Disb	838,836.10
Nov 15, 2014	IDA-44650	Int Charges	331.63
Nov 15, 2014	IDA-44650	Int Charges	331.63
Nov 15, 2014	IDA-44650	Int Charges	56,448.33
Nov 15, 2014	IDA-44650	Int Charges	56,448.33
Aug 5, 2013	IDA-44650	Loan Disb	500,000.00
Jul 31, 2013	IDA-44650	Loan Disb	707,327.44
Aug 19, 2013	IDA-44650	Loan Disb	1,340,285.00
Jun 18, 2015	IDA-44650	Loan Disb	179,938.77
May 15, 2015	IDA-44650	Int Charges	1,382.17
May 15, 2015	IDA-44650	Int Charges	1,382.17
May 15, 2015	IDA-44650	Int Charges	52,402.86
May 15, 2015	IDA-44650	Int Charges	52,402.86
Sep 5, 2014	IDA-44650	Loan Disb	288,666.90
May 28, 2014	IDA-44650	Loan Disb	66,868.64
May 15, 2014	IDA-44650	Int Charges	1,939.75
May 15, 2014	IDA-44650	Int Charges	1,939.75
May 15, 2014	IDA-44650	Int Charges	58,233.98
May 15, 2014	IDA-44650	Int Charges	58,233.98
Nov 12, 2013	IDA-44650	Loan Disb	928,345.56
Sep 24, 2013	IDA-44650	Loan Disb	1,090,193.20
Jan 29, 2014	IDA-44650	Loan Disb	310,234.44

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Satisfactory	2020-12-16
Project Management	Satisfactory	2020-12-16
Progress towards achievement of PDO	Satisfactory	2020-12-16
Financial Management	Satisfactory	2020-12-16
Monitoring and Evaluation	Satisfactory	2020-12-16
Overall Implementation Progress (IP)	Satisfactory	2020-12-16
Counterpart Funding	Satisfactory	2020-12-16

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-14-2022
Outcomes
Risk to Development Outcome	Substantial
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Percentage increase in the value of gross sales of the rural producer organizations based on implementation of the business plan. Value 0.00 25.50 0.00
Date July 30, 2008 June 30, 2021
Comment
Percentage of rural producer organizations that are working under an alliance approach 24 months after first disbursement Value 0.00 91.00 0.00
Date July 30, 2008 June 30, 2021
Comment
Percentage increase in land and labor productivity by rural producers participating in the project Value 0.00 23.50 0.00
Date July 30, 2008 June 30, 2021
Comment
Percentage of rural producer organizations without a loan in arrears Value 0.00 100.00 0.00
Date December 31, 2016 June 30, 2021
Comment
Time taken to disburse funds requested by the Government for an eligible emergency Value 0.00 27.00 4.00
Date December 31, 2016 June 30, 2021 September 1, 2017
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of technical service providers are approved to provide support to rural producer organizations Value 0.00 65.00 55.00
Date July 30, 2008 June 30, 2021 September 1, 2017
Comment
Number of productive alliances under implementation Value 0.00 163.00 190.00
Date July 30, 2008 June 30, 2021 September 1, 2017
Comment
MIS fully functional and producing all required products Value No Yes
Date July 30, 2008 June 30, 2021
Comment
National competitiveness policy designed Value No Yes
Date December 31, 2016 June 30, 2021
Comment
IRM established and ready to provide access to financial resources to Honduras in case of an eligible emergency Value No Yes
Date December 31, 2016 June 30, 2021
Comment
Number of rural producer organizations have produced a profile that is approved to become a business plan. Value 0.00 236.00 235.00
Date July 30, 2008 June 30, 2021 September 1, 2017
Comment
Direct project beneficiaries Value 0.00 12878.00 10780.00
Date July 30, 2008 June 30, 2021 September 1, 2017
Comment
Satisfactory financial audits Value No Yes
Date July 30, 2008 June 30, 2021
Comment
Establishment of a market intelligence unit Value No Yes
Date December 31, 2016 June 30, 2021
Comment
Female beneficiaries Value 10.00 28.00 0.00
Date July 30, 2008 May 18, 2018
Comment
Percentage of investments identified in the business plans are completed on schedule Value 0.00 97.00 0.00
Date July 30, 2008 June 30, 2021
Comment
Percentage of business plans financed by the project are implemented using good environmental practices Value 0.00 89.70 0.00
Date July 30, 2008 June 30, 2021
Comment

Percentage of business plans in the project successfully implement measures that target the youth and indigenous communities,when applicable, as identified in the business plan.	Value	0.00	97.00	0.00
	Date	July 30, 2008	June 30, 2021
	Comment

Targeted clients satisfied with agricultural services (percentage) Value 0.00 89.40 0.00
Date July 30, 2008 June 30, 2021
Comment
Targeted clients satisfied with agricultural services - male (number) Value 0.00 3893.00 0.00
Date July 30, 2008 May 18, 2018
Comment
Targeted clients satisfied with agricultural services - female (number) Value 0.00 1607.00 0.00
Date July 30, 2008 May 18, 2018
Comment
Targeted clients- male (number) Value 0.00 5184.00 0.00
Date July 30, 2008 May 18, 2018
Comment
Targeted clients – female (number) Value 0.00 2016.00 0.00
Date July 30, 2008 May 18, 2018
Comment
Private Capital Mobilized Value 0.00 33500000.00 24350000.00
Date July 30, 2008 June 30, 2021 September 1, 2017
Comment

Direct project beneficiaries	Value	0.00	12878.00	10780.00
	Date	July 30, 2008	June 30, 2021	September 1, 2017
	Comment

Satisfactory financial audits	Value	No	Yes
	Date	July 30, 2008	June 30, 2021
	Comment

Female beneficiaries	Value	10.00	28.00	0.00
	Date	July 30, 2008	May 18, 2018
	Comment

Targeted clients- male (number)	Value	0.00	5184.00	0.00
	Date	July 30, 2008	May 18, 2018
	Comment

Targeted clients – female (number)	Value	0.00	2016.00	0.00
	Date	July 30, 2008	May 18, 2018
	Comment

Private Capital Mobilized	Value	0.00	33500000.00	24350000.00
	Date	July 30, 2008	June 30, 2021	September 1, 2017
	Comment