2nd. Programmatic Public Sector, Competitiveness and Social Inclusion Development Policy Loan with Drawdown Option

Abstract*

The development objective of this Second Programmatic Public Sector, Competitiveness, and Social Inclusion Development Policy Loan with Drawdown Option Project for Uruguay is strengthen public sector administration; improving competitiveness through measures seeking to facilitate trade; strengthen the business environment and develop financial markets; improving social inclusion through measures seeking to enhance the equity and efficiency of health;... Show More

Development Objective

The main development objectives of the loan are the following: (i) Strengthening public sector administration; (ii) Improving competitiveness through measures seeking to facilitate trade, strengthen the business environment and develop financial markets; (iii) Improving social inclusion through measures seeking to enhance the equity and efficiency of health, education and social protection services.

Key Details

Project Details

Project ID
P123242
Status
Closed
Team Leader
Cristina Savescu
Borrower 2
Ministry of Finance

Country
Uruguay
Disclosure Date
August 25, 2011
Approval Date
(as of board presentation)
October 25, 2011
Effective Date
December 9, 2011

Total Project Cost 1
US$ 260.00 million
Implementing Agency
Ministry of Economy and Finances (MEF)
Region
Latin America and Caribbean
Fiscal Year 3
2012

Commitment Amount
US$ 260.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 25, 2018

Last Stage Reached
BANK APPROVED
Parent Projects
P116215
Last Update Date
August 16, 2023

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 - Human Development and Gender

FY17 - Education14%
- FY17 - Access to Education7%
- FY17 - Education Financing7%
FY17 - Health Systems and Policies14%
- FY17 - Health System Strengthening14%

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration15%
- FY17 - Transparency, Accountability and Good Governance15%
FY17 - Public Finance Management15%
- FY17 - Public Expenditure Management15%
FY17 - Rule of Law28%
- FY17 - Legal Institutions for a Market Economy28%

FY17 - Social Development and Protection

FY17 - Social Protection14%
- FY17 - Social Safety Nets14%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	260.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	260.00
IDA Commitment	N/A
IBRD + IDA Commitment	260.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	260.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 4, 2018	IBRD-80940	Loan Cancel	260,000,000.00
Aug 22, 2015	IBRD-80940	Fee Charges	1,300,000.00
Oct 25, 2011	IBRD-80940	Loan Commitment	260,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2016-12-20
Program Management	Satisfactory	2016-12-20
Monitoring and Evaluation	Satisfactory	2016-12-20
Progress towards achievement of PDO	Satisfactory	2016-12-20

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 11-26-2019
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Moderately Satisfactory
Borrower Performance	Substantial
Government Performance	Not Applicable
Implementing Agency	Not Applicable

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 04-17-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Modest	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Not Rated	N/a
Icr Quality	Modest	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

The Health Insurance System increases its coverage. Value 43.00 73.00 60.00
Date December 31, 2009 October 31, 2016 June 25, 2015
Comment
Increase in the number of processes that are started and completed electronically. Value 20.00 350.00 25.00
Date December 31, 2009 October 31, 2016 June 25, 2015
Comment

Increase in the number of priority areas and expenditure programs for which output and outcome indicators have been identified.	Value	0	7 priority areas, 21 expenditure programs + 5 non-	40 expenditure programs
	Date	December 31, 2009	October 31, 2016	June 25, 2015
	Comment

Rise in market capitalization. Value USD 139 million USD 874 million No target was defined
Date December 31, 2009 September 30, 2016 June 25, 2015
Comment
Increase in the number of irregularities detected by the risk management system relative to the total number of inspections. Value 0.00 2.40 0.00
Date December 31, 2009 September 30, 2016 June 25, 2015
Comment
Decline in extreme poverty (as measured by the percentage of households that are in extreme poverty) Value 0.80 0.20 0.40
Date December 31, 2009 December 31, 2015 June 25, 2015
Comment
Increase in the total number of new private sector issuances (including stocks, corporate bonds and financial trusts). Value 8.00 11.00 0.00
Date December 31, 2009 September 30, 2016 June 25, 2015
Comment
Stock exchange activity in both primary and secondary markets Value 12384000.00 24344000.00 0.00
Date December 31, 2009 September 30, 2016 June 25, 2015
Comment
Number of days to create a firm Value 65.00 6.50 7.00
Date October 31, 2009 June 30, 2016 June 25, 2015
Comment

The Health Insurance System increases its coverage.	Value	43.00	73.00	60.00
	Date	December 31, 2009	October 31, 2016	June 25, 2015
	Comment

Increase in the number of processes that are started and completed electronically.	Value	20.00	350.00	25.00
	Date	December 31, 2009	October 31, 2016	June 25, 2015
	Comment

Rise in market capitalization.	Value	USD 139 million	USD 874 million	No target was defined
	Date	December 31, 2009	September 30, 2016	June 25, 2015
	Comment

Increase in the number of irregularities detected by the risk management system relative to the total number of inspections.	Value	0.00	2.40	0.00
	Date	December 31, 2009	September 30, 2016	June 25, 2015
	Comment

Decline in extreme poverty (as measured by the percentage of households that are in extreme poverty)	Value	0.80	0.20	0.40
	Date	December 31, 2009	December 31, 2015	June 25, 2015
	Comment

Increase in the total number of new private sector issuances (including stocks, corporate bonds and financial trusts).	Value	8.00	11.00	0.00
	Date	December 31, 2009	September 30, 2016	June 25, 2015
	Comment

Stock exchange activity in both primary and secondary markets	Value	12384000.00	24344000.00	0.00
	Date	December 31, 2009	September 30, 2016	June 25, 2015
	Comment

Number of days to create a firm	Value	65.00	6.50	7.00
	Date	October 31, 2009	June 30, 2016	June 25, 2015
	Comment