1. What We Do

Mauritius Fourth Development Policy Loan

Abstract*

The Fourth Trade and Competitiveness Development Policy Loan Program operation for Mauritius supports reforms which respond to two major challenges: (i) the 'triple trade shock' of trade preference erosion and high oil prices, and (ii) the transition from low wage, low skill sugar and apparel exporter to innovative, knowledge and skill based services economy. In the mid-1990s a new vision began taking shape in Mauritius of a higher value added, more...

* 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

Support reforms which respond to two major challenges: (i) the #triple trade shock# of trade preference erosion and high oil prices and (ii) the transition from low wage, low skill sugar and apparel exporter to innovative, knowledge and skill based services economy.

Key Details

Project Details

  • P116608

  • Closed

  • Rafael Munoz Moreno

  • N/A

  • Mauritius

  • November 12, 2009

  • (as of board presentation)

    November 12, 2009

  • January 28, 2010

  • US$ 50.00 million

  • N/A

  • August 22, 2023

  • December 31, 2011

  • BANK APPROVED

  • P112369

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Public Administration -Information andCommunications TechnologiesFY17 - Public Administration - Information and Communications TechnologiesFY17 - ICT ServicesFY17 - Other Information andCommunications TechnologiesFY17 - Other Information and Communications TechnologiesFY17 - Other Non-bank FinancialInstitutionsFY17 - Other Non-bank Financial InstitutionsFY17 - ServicesFY17 - Other Industry, Trade andServicesFY17 - Other Industry, Trade and Services

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
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** 50.00

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

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

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2017 IBRD-78080 Int Charges 380,328.38
Jun 15, 2021 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2016 IBRD-78080 Int Charges 251,652.97
Jun 15, 2016 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2016 IBRD-78080 Int Charges 288,608.28
Dec 15, 2016 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2015 IBRD-78080 Int Charges 156,390.58
Jun 15, 2015 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2015 IBRD-78080 Int Charges 182,674.14
Dec 15, 2015 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2013 IBRD-78080 Int Charges 170,291.67
Jun 15, 2014 IBRD-78080 Int Charges 154,194.45
Dec 15, 2014 IBRD-78080 Int Charges 149,958.33
Dec 15, 2014 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2019 IBRD-78080 Int Charges 478,072.25
Dec 15, 2019 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2020 IBRD-78080 Int Charges 383,335.72
Jun 15, 2020 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2018 IBRD-78080 Int Charges 553,776.30
Dec 15, 2018 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2019 IBRD-78080 Int Charges 600,098.75
Jun 15, 2019 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2018 IBRD-78080 Int Charges 430,358.72
Jun 15, 2018 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2017 IBRD-78080 Int Charges 360,280.38
Jun 15, 2017 IBRD-78080 Loan Repay 1,665,000.00
Nov 12, 2009 IBRD-78080 Loan Commitment 50,000,000.00
Dec 15, 2023 IBRD-78080 Int Charges 11,537.42
Dec 15, 2023 IBRD-78080 Int Charges 603,181.40
Dec 15, 2023 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2024 IBRD-78080 Int Charges 3,982.64
Jun 15, 2024 IBRD-78080 Int Charges 587,584.10
Jun 15, 2024 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2022 IBRD-78080 Int Charges 409,554.47
Dec 15, 2022 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2023 IBRD-78080 Int Charges 29,887.07
Jun 15, 2023 IBRD-78080 Int Charges 567,158.90
Jun 15, 2023 IBRD-78080 Loan Repay 1,665,000.00
Jun 15, 2022 IBRD-78080 Int Charges 105,007.66
Jun 15, 2022 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2021 IBRD-78080 Int Charges 92,258.43
Dec 15, 2021 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2020 IBRD-78080 Loan Repay 1,665,000.00
Dec 15, 2020 IBRD-78080 Int Charges 138,867.52
Jun 15, 2021 IBRD-78080 Int Charges 107,512.71
Dec 15, 2017 IBRD-78080 Loan Repay 1,665,000.00
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2011-10-26
Overall Implementation Progress (IP) Highly Satisfactory 2011-10-26
Monitoring and Evaluation Moderately Satisfactory 2011-10-26
Program Management Highly Satisfactory 2011-10-26

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-09-2012
OutcomesHighly Satisfactory
Risk to Development OutcomeModest
Bank PerformanceHighly Satisfactory
Borrower PerformanceHighly Satisfactory
Government PerformanceHighly Satisfactory
Implementing AgencyHighly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 10-23-2012PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingHighly Satisfactory N/a
Risk To Development OutcomeModerateN/a
Bank PerformanceHighly SatisfactoryN/a
Borrower PerformanceHighly SatisfactoryN/a
Government PerformanceHighly SatisfactoryN/a
Implementing AgencyHighly SatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityHighN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Macroeconomic StabilityValueSatisfactorySatisfactorySatisfactory
    DateJune 1, 2006June 1, 2009June 1, 2010
    Comment
  • GDP GrowthValue3.74.45
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO - National Accounts estimates - March 2011 issue
  • Unemployment RateValue9.57.8<8
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO
  • Total Number Employed (000)Value511.3536.1>550
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO
  • FDI as % of GDPValue2.63.5>2.6
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCentral Bank/ Cso
  • Stabilize revenue as % of GDP above 19.0Value20.121.2>19
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMOFED
  • Public Sector Debt as % of GDPValue68.860<68.8
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMOFED
  • Primary spending as % of GDPValue21.622.3<21.6
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMOFED
  • Trade tariff lines with 0 tariff rateValue748795
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMinistry of Foreign Affairs
  • Raise exports as % of GDPValue60.650>60.6
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO
  • Increase Tourist arrivals (million)Value0.780.93>0.78
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO
  • Unify Regulatory Regime across Economic Processing Zones (EPZ) and non-EPZ sectorsValueNoYesYes
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMOFED
  • Increase International internet bandwidth (Mbps)Value123657>123
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO
  • Increase ICT sector as % of GDPValue5.26.4>6
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCSO
  • Increase FDI (million Rupees)Value2,80712,000>10,000
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentCentral Bank, BOP
  • Number of days to start a businessValue466<46
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentDoing Business 2011 report
  • Number of days it takes to enforce commercial contractsValue750645<750
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentDoing Business 2011 report
  • Public Credit Registry Coverage (% of adults)Value049.8>0
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentDoing Business Report 2011
  • Number of days dealing with construction permitsValue162107<162
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentDoing Business 2011 report
  • Reduce difficulty of firing indexValue5036.8<50
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentDoing Business 2011 report
  • Percentage of mentored SME firms that show increase in profitabilityValue80
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentValue requested but not yet obtained
  • Trained workers under the Empowerment program (National Empowerment Foundation# refer to the placement program only)Value0820012,000
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentNEF
  • Place women displaced from textile sector into jobsValue200600
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentNEF
  • Number of SMEs supported through matching grantsValue1650
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMinistry of Business
  • Raise Primary Completion rateValue64.968.170
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMinistry of Education
  • Raise Secondary Completion rateValue78.478.880
    DateJune 1, 2006December 31, 2010December 31, 2010
    CommentMinistry of Education