Mauritius Development Policy Loan

Abstract*

The First Trade and Competitiveness Development Policy Loan Project (DPL-1) for Mauritius is tied to the first stage o f the Government's reform program, with previous actions mainly taken from the FY 2006/07 budget as subsequently implemented in the Finance Act and other legislation. The objectives and components of the project include: (i) reduce primary spending by 0.5 percent of gross domestic product (GDP) relative to 2005/06; (ii) reduce tax... Show More

Development Objective

Support the structural reform program which the Government is implementing in response to two major challenges: (i) the 'triple trade shock' of trade preference erosion and high oil prices, and (ii) the need to transition from low wage, low skill sugar and apparel exporter to innovative, knowledge and skill based services economy.

Key Details

Project Details

Project ID
P101570
Status
Closed
Team Leader
Fabiano Rodrigues Bastos
Borrower 2
N/A

Country
Mauritius
Disclosure Date
October 26, 2006
Approval Date
(as of board presentation)
December 12, 2006
Effective Date
January 31, 2007

Total Project Cost 1
US$ 30.00 million
Implementing Agency
N/A
Region
Eastern and Southern Africa
Fiscal Year 3
2007

Commitment Amount
US$ 30.00 million
Environmental Category
N/A
Last Update Date
August 22, 2023
Closing Date
December 31, 2007

Last Stage Reached
BANK APPROVED

Associated Projects
P106650

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 - Economic Policy

FY17 - Fiscal Policy7%
- FY17 - Tax policy7%
FY17 - Trade28%
- FY17 - Trade Facilitation28%

FY17 - Finance

FY17 - Financial Infrastructure and Access7%
- FY17 - MSME Finance7%

FY17 - Private Sector Development

FY17 - Business Enabling Environment14%
- FY17 - Regulation and Competition Policy14%
FY17 - Enterprise Development7%
- FY17 - MSME Development7%
FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration15%
- FY17 - Transparency, Accountability and Good Governance15%
FY17 - Public Finance Management22%
- FY17 - Domestic Revenue Administration7%
- FY17 - Public Expenditure Management15%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	30.00

Total Project Financing (US$ Millions)

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

Lending Instrument
Grant Amount	N/A
Total Project Cost**	30.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 15, 2015	IBRD-74160	Int Charges	64,783.34
Sep 15, 2020	IBRD-74160	Loan Repay	1,598,249.50
Mar 15, 2016	IBRD-74160	Int Charges	71,890.00
Mar 15, 2016	IBRD-74160	Loan Repay	1,500,000.00
Sep 15, 2014	IBRD-74160	Int Charges	66,700.00
Sep 15, 2014	IBRD-74160	Loan Repay	1,500,000.00
Mar 15, 2015	IBRD-74160	Loan Repay	1,500,000.00
Mar 15, 2015	IBRD-74160	Int Charges	61,238.34
Mar 15, 2014	IBRD-74160	Int Charges	76,020.00
Mar 15, 2014	IBRD-74160	Loan Repay	1,500,000.00
Sep 15, 2013	IBRD-74160	Int Charges	89,930.00
Sep 15, 2013	IBRD-74160	Loan Repay	1,500,000.00
Mar 15, 2018	IBRD-74160	Loan Repay	1,660,436.10
Mar 15, 2017	IBRD-74160	Int Charges	16,875.00
Sep 15, 2017	IBRD-74160	Loan Repay	1,605,166.50
Mar 15, 2017	IBRD-74160	Loan Repay	1,426,934.10
Sep 15, 2016	IBRD-74160	Int Charges	97,826.66
Sep 15, 2016	IBRD-74160	Loan Repay	1,500,000.00
Oct 12, 2016	IBRD-74160	Loan Disb	-15,000,000.00
Oct 12, 2016	IBRD-74160	Loan Disb	14,797,860.00
Oct 12, 2016	IBRD-74160	Loan Disb	-14,797,860.00
Oct 12, 2016	IBRD-74160	Loan Disb	14,797,860.00
Sep 15, 2019	IBRD-74160	Loan Repay	1,489,725.10
Mar 15, 2020	IBRD-74160	Loan Repay	1,498,791.20
Mar 15, 2019	IBRD-74160	Loan Repay	1,520,348.40
Sep 15, 2018	IBRD-74160	Loan Repay	1,571,655.60
Dec 12, 2006	IBRD-74160	Loan Commitment	30,000,000.00
Sep 15, 2021	IBRD-74160	Loan Repay	1,588,579.00
Mar 15, 2021	IBRD-74160	Loan Repay	1,602,413.10
Sep 15, 2015	IBRD-74160	Loan Repay	1,500,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Highly Satisfactory	2010-02-25
Monitoring and Evaluation	Satisfactory	2010-02-25
Program Management	Highly Satisfactory	2010-02-25

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-09-2012
Outcomes	Highly Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Highly Satisfactory
Borrower Performance	Highly Satisfactory
Government Performance	Highly Satisfactory
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-23-2012	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Highly Satisfactory	N/a
Borrower Performance	Highly Satisfactory	N/a
Government Performance	Highly Satisfactory	N/a
Implementing Agency	Highly Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	High	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Ratio of primary spending to GDP reduced by 0.5 percentage points in 2006/2007 relative to 2005/06; 1 percentage point in 2007/2008; and by 1.5 percentage points in 2008/2009.	Value	Primary Spending as % GDP = 21.6	Primary Spending as % GDP = 21.6	Cumulative reduction of primary spending of 3% of
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Reduction of tax expenditure by 0.5% of 2005/2006 GDP in 2006/2007 Value 3.5% 3.5% <3.5%
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment

Improvement in performance on PEFA indicator PI-2 (related to composition of budget expenditure outturns compared to original approved budget) relative to 2005/2006 benchmark.	Value	7.8	7.8	Improve performance
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Revenue stabilization at not less than 19 percent of GDP. Value 20.1 20.1 Higher than 19%
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment
Elimination of substantially all tariffs (95% of tariff lines). Value 75% 75% 95%
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment

Common regulatory and tax regime across virtually all sectors of the economy.	Value	Regulatory regime across EPZs and non-EPZs still n	Regulatory regime across EPZs and non-EPZs still n	Regulatory regime across EPZs and non-EPZs unified
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Trends towards increased export share of GDP relative to 2005/2006 baseline Value 60.6% 60.6% >60.6%
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment
Improved ranking in Doing Business over 2005 baseline. Value 32 32 <32
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment

Increased investment in emerging sectors over 2005/2006 baseline.	Value	618 (real estate, renting and other business)1,12	618 (real estate, renting and other business)1,12	>618>1,120>2,119
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Reduction in time to start a business from 46 days (in 2005/2006) to 3 days. Value 46 46 3
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment
Increased registration of SMEs over 2005/2006 baseline. Value 0 0 >0
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment
Increased number of work and residency permits granted over 2005/2006 baseline. Value 0 0 >0
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment

Increased completion rates for primary and secondary education over 2005/2006 baseline.	Value	64.9 (Primary)78.4 (Secondary)	64.9 (Primary)78.4 (Secondary)	> 64.9> 78.5
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Outcome indicators for the Empowerment Programme include:- number of workers trained, with a target of 12,000 since inception; - number of unemployed women who have found a job relative to 2005/20	Value	0	0	12,000
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Stable macroeconomic environment as indicated by satisfactory Article IV. Value Satisfactory Satisfactory Satisfactory
Date June 30, 2006 June 30, 2006 June 30, 2009
Comment

Reduction of tax expenditure by 0.5% of 2005/2006 GDP in 2006/2007	Value	3.5%	3.5%	<3.5%
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Revenue stabilization at not less than 19 percent of GDP.	Value	20.1	20.1	Higher than 19%
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment

Trends towards increased export share of GDP relative to 2005/2006 baseline	Value	60.6%	60.6%	>60.6%
	Date	June 30, 2006	June 30, 2006	June 30, 2009
	Comment