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Second Rural Investment Project

Abstract*

The development objective of the Second Rural Investment Project for Azerbaijan is to improve access to and use of community-driven rural infrastructure and expand economic activities for rural households. There are three components to the project. The first component is rural community infrastructure. This component will finance demand-driven micro-projects in rural infrastructure. Micro-projects eligible for finance through project proceeds will...

* 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

The Project Development Objective is to improve access to and use of community-driven rural infrastructure and expand economic activities for rural households. This would be achieved through: (i) the provision of grants to finance eligible demand-driven micro-projects in rural infrastructure; (ii) the provision of training and consultants’ services to support micro-project development by enhancing the capacity of engaged local stakeholders in all aspects of micro-project program development; (iii) building opportunities for rural employment and livelihood support services through the provision of training and consultants’ services to carry out pilot livelihood support services in six communities; and, (iv) supporting project management capacity at the Project Management Unit and its Regional Operations Offices for the purposes of effective management, implementation and monitoring and evaluation of Project activities.

Key Details

Project Details

  • P122944

  • Closed

  • Tara Sharafudheen

  • Republic of Azerbaijan

  • Azerbaijan

  • December 10, 2010

  • (as of board presentation)

    July 5, 2012

  • December 4, 2012

  • US$ 53.60 million

  • State Service on Agricultural Projects and Credits

  • Europe and Central Asia

  • 2013

  • US$ 30.00 million

  • B

  • October 12, 2023

  • September 30, 2019

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 30.00
Local Beneficiaries 3.60
Borrower/Recipient 20.00

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** 53.60

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$)
Apr 1, 2018 IBRD-81890 Int Charges 274,850.78
Apr 1, 2018 IBRD-81890 Loan Repay 849,000.00
Oct 9, 2013 IBRD-81890 Loan Disb 881,188.40
Jan 22, 2014 IBRD-81890 Loan Disb 1,577,517.90
Nov 13, 2015 IBRD-84030 Loan Disb 2,330,468.80
Aug 6, 2015 IBRD-84030 Loan Disb 1,266,425.40
Jun 3, 2015 IBRD-84030 Loan Disb 1,502,741.20
May 12, 2015 IBRD-84030 Loan Disb 1,303,504.50
May 12, 2015 IBRD-81890 Loan Disb 223,186.16
Apr 1, 2015 IBRD-81890 Int Charges 1,947.17
Apr 1, 2015 IBRD-81890 Int Charges 93,281.36
Apr 1, 2015 IBRD-84030 Int Charges 11,635.59
Jul 16, 2015 IBRD-84030 Loan Disb 1,469,585.50
Aug 14, 2015 IBRD-84030 Loan Disb 1,341,931.50
Jun 30, 2015 IBRD-84030 Loan Disb 1,363,175.90
Apr 9, 2015 IBRD-84030 Loan Disb 1,659,890.60
Feb 13, 2015 IBRD-84030 Loan Disb 1,921,484.40
Mar 10, 2015 IBRD-84030 Loan Disb 1,234,023.00
Jan 28, 2015 IBRD-84030 Loan Disb 1,070,818.20
Dec 30, 2014 IBRD-84030 Loan Disb 1,000,000.00
Jul 18, 2014 IBRD-81890 Loan Disb 1,858,064.90
Sep 16, 2014 IBRD-81890 Loan Disb 1,495,198.50
Apr 1, 2016 IBRD-81890 Int Charges 134,175.98
May 4, 2016 IBRD-84030 Loan Disb 2,387,312.00
Apr 1, 2016 IBRD-84030 Int Charges 4,468.94
Apr 1, 2016 IBRD-84030 Int Charges 150,964.23
Feb 24, 2016 IBRD-84030 Loan Disb 974,334.80
Mar 28, 2016 IBRD-84030 Loan Disb 1,539,990.80
Oct 13, 2015 IBRD-84030 Loan Disb 1,755,134.20
Feb 1, 2016 IBRD-84030 Loan Disb 2,399,712.20
Aug 15, 2013 IBRD-81890 Loan Disb 621,710.10
Sep 10, 2013 IBRD-81890 Loan Disb 752,996.30
Nov 6, 2013 IBRD-81890 Loan Disb 1,093,280.60
Jul 8, 2013 IBRD-81890 Loan Disb 1,542,912.90
Nov 25, 2014 IBRD-84030 Loan Disb 2,000,000.00
Nov 5, 2014 IBRD-84030 Loan Disb 125,000.00
Nov 5, 2014 IBRD-84030 Fee Charges 125,000.00
Dec 11, 2014 IBRD-81890 Loan Disb 716,467.00
Oct 29, 2014 IBRD-81890 Loan Disb 1,069,416.60
Oct 1, 2014 IBRD-81890 Int Charges 792.23
Oct 1, 2014 IBRD-81890 Int Charges 64,288.69
Oct 8, 2014 IBRD-81890 Loan Disb 1,171,968.80
Aug 14, 2014 IBRD-81890 Loan Disb 1,966,720.90
Jun 17, 2014 IBRD-81890 Loan Disb 1,409,017.50
May 19, 2014 IBRD-81890 Loan Disb 1,704,119.90
Apr 1, 2014 IBRD-81890 Loan Disb 1,237,139.40
Apr 24, 2014 IBRD-81890 Loan Disb 1,132,796.90
Apr 1, 2014 IBRD-81890 Int Charges 875.65
Apr 1, 2014 IBRD-81890 Int Charges 40,739.10
Feb 21, 2014 IBRD-81890 Loan Disb 1,142,632.50
Nov 25, 2013 IBRD-81890 Loan Disb 1,319,700.90
Dec 23, 2013 IBRD-81890 Loan Disb 1,423,009.40
Oct 1, 2013 IBRD-81890 Int Charges 1,777.73
Oct 1, 2013 IBRD-81890 Int Charges 21,478.85
Oct 1, 2022 IBRD-81890 Int Charges 343,191.94
Oct 1, 2022 IBRD-81890 Loan Repay 1,107,000.00
Apr 1, 2022 IBRD-84030 Int Charges 726,448.25
Apr 1, 2022 IBRD-84030 Loan Repay 1,835,000.00
Apr 1, 2022 IBRD-81890 Int Charges 391,899.30
Apr 1, 2022 IBRD-81890 Loan Repay 1,077,000.00
Jul 9, 2014 IBRD-84030 Loan Commitment 50,000,000.00
Jul 5, 2012 IBRD-81890 Loan Commitment 30,000,000.00
Apr 1, 2024 IBRD-81890 Int Charges 303,924.30
Apr 1, 2024 IBRD-81890 Loan Repay 908,075.70
Apr 1, 2024 IBRD-81890 Loan Repay 303,924.30
Apr 1, 2024 IBRD-84030 Int Charges 581,859.75
Apr 1, 2024 IBRD-84030 Loan Repay 1,443,140.20
Apr 1, 2024 IBRD-84030 Loan Repay 581,859.75
Oct 1, 2020 IBRD-81890 Int Charges 451,370.40
Oct 1, 2020 IBRD-81890 Loan Repay 984,000.00
Oct 1, 2020 IBRD-84030 Int Charges 825,841.00
Oct 1, 2020 IBRD-84030 Loan Repay 1,705,000.00
Apr 1, 2020 IBRD-81890 Int Charges 470,079.78
Apr 1, 2020 IBRD-81890 Loan Repay 957,000.00
Apr 1, 2020 IBRD-84030 Int Charges 857,392.75
Apr 1, 2020 IBRD-84030 Loan Repay 1,665,000.00
Oct 1, 2019 IBRD-84030 Loan Repay 1,625,000.00
Oct 1, 2019 IBRD-81890 Int Charges 488,202.60
Oct 1, 2019 IBRD-81890 Loan Repay 927,000.00
Oct 1, 2019 IBRD-84030 Int Charges 888,186.50
Oct 1, 2021 IBRD-81890 Int Charges 412,309.50
Oct 1, 2021 IBRD-81890 Loan Repay 1,044,000.00
Oct 1, 2021 IBRD-84030 Int Charges 760,368.75
Oct 1, 2021 IBRD-84030 Loan Repay 1,790,000.00
Apr 1, 2021 IBRD-81890 Int Charges 432,133.20
Apr 1, 2021 IBRD-81890 Loan Repay 1,014,000.00
Apr 1, 2021 IBRD-84030 Int Charges 793,531.25
Apr 1, 2021 IBRD-84030 Loan Repay 1,750,000.00
Sep 13, 2018 IBRD-81890 Loan Disb -26,748,000.00
Sep 13, 2018 IBRD-81890 Loan Disb 26,748,000.00
Sep 12, 2018 IBRD-84030 Loan Disb -50,000,000.00
Sep 12, 2018 IBRD-84030 Loan Disb 50,000,000.00
Feb 28, 2018 IBRD-84030 Loan Disb 1,534,987.00
Apr 1, 2018 IBRD-84030 Int Charges 529,237.94
Apr 1, 2019 IBRD-81890 Loan Repay 876,000.00
Apr 1, 2019 IBRD-81890 Int Charges 38,918.34
Apr 1, 2019 IBRD-84030 Int Charges 918,222.25
Apr 1, 2019 IBRD-84030 Loan Repay 18,472.23
Apr 1, 2019 IBRD-84030 Loan Repay 1,585,000.00
Apr 1, 2019 IBRD-84030 Int Charges 100,013.89
Apr 1, 2019 IBRD-84030 Loan Repay 1,526,527.80
Apr 1, 2019 IBRD-81890 Int Charges 519,171.60
Apr 1, 2019 IBRD-81890 Loan Repay 900,000.00
Oct 1, 2017 IBRD-81890 Int Charges 268,730.00
Oct 1, 2017 IBRD-81890 Loan Repay 825,000.00
Oct 1, 2017 IBRD-84030 Int Charges 509,973.12
Apr 1, 2017 IBRD-81890 Int Charges 243,768.52
Apr 1, 2017 IBRD-81890 Loan Repay 801,000.00
Apr 1, 2017 IBRD-84030 Int Charges 453,728.38
Apr 1, 2017 IBRD-84030 Int Charges 9,060.20
Oct 1, 2018 IBRD-81890 Int Charges 356,751.44
Oct 1, 2018 IBRD-84030 Int Charges 2,947.18
Oct 1, 2018 IBRD-84030 Int Charges 703,833.40
Sep 13, 2018 IBRD-81890 Loan Disb -26,748,000.00
Sep 13, 2018 IBRD-81890 Loan Disb 26,748,000.00
Oct 1, 2015 IBRD-81890 Int Charges 111,139.44
Oct 1, 2015 IBRD-84030 Int Charges 3,164.86
Oct 1, 2015 IBRD-84030 Int Charges 65,366.40
Dec 9, 2015 IBRD-84030 Loan Disb 2,049,542.40
Dec 30, 2015 IBRD-84030 Loan Disb 1,386,497.40
Oct 28, 2015 IBRD-84030 Loan Disb 1,328,836.80
Sep 18, 2015 IBRD-84030 Loan Disb 1,376,043.40
Oct 1, 2016 IBRD-84030 Int Charges 6,127.00
Oct 1, 2016 IBRD-84030 Int Charges 284,424.70
Aug 5, 2016 IBRD-84030 Loan Disb 2,610,818.00
Oct 1, 2016 IBRD-81890 Int Charges 24.00
Oct 1, 2016 IBRD-81890 Int Charges 193,674.98
Oct 1, 2016 IBRD-81890 Loan Repay 777,000.00
Oct 12, 2016 IBRD-84030 Loan Disb 2,682,970.00
Jul 14, 2016 IBRD-84030 Loan Disb 2,483,313.50
Sep 7, 2016 IBRD-84030 Loan Disb 2,567,242.50
Dec 7, 2016 IBRD-84030 Loan Disb 2,219,023.50
Jun 13, 2016 IBRD-84030 Loan Disb 1,115,192.40
Oct 1, 2023 IBRD-81890 Loan Repay 326,915.10
Oct 1, 2023 IBRD-81890 Int Charges 326,915.10
Oct 1, 2023 IBRD-84030 Loan Repay 1,980,000.00
Oct 1, 2023 IBRD-84030 Int Charges 619,380.75
Oct 1, 2023 IBRD-81890 Loan Repay 849,084.94
Apr 1, 2023 IBRD-81890 Int Charges 349,202.10
Apr 1, 2023 IBRD-81890 Loan Repay 790,797.90
Apr 1, 2023 IBRD-81890 Loan Repay 349,202.10
Apr 1, 2023 IBRD-84030 Int Charges 655,954.25
Apr 1, 2023 IBRD-84030 Loan Repay 1,274,045.80
Apr 1, 2023 IBRD-84030 Loan Repay 655,954.25
Oct 1, 2022 IBRD-84030 Loan Repay 1,885,000.00
Oct 1, 2022 IBRD-84030 Int Charges 691,675.00
Oct 1, 2022 IBRD-81890 Int Charges 8,879.42
Oct 1, 2022 IBRD-81890 Int Charges 4,211.97
Oct 1, 2022 IBRD-81890 Int Charges 3,304.65
Oct 1, 2022 IBRD-81890 Int Charges 4,190.90
Oct 1, 2022 IBRD-81890 Int Charges 7,065.11

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2018-11-09
Financial Management Satisfactory 2018-11-09
Counterpart Funding Satisfactory 2018-11-09
Overall Implementation Progress (IP) Satisfactory 2018-11-09
Procurement Moderately Satisfactory 2018-11-09
Project Management Satisfactory 2018-11-09
Monitoring and Evaluation Moderately Unsatisfactory 2018-11-09

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-31-2020
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-12-2020PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

No data available.