Belarus Privatization

Development Objective

The objective of the Project is to provide the Recipient with necessary legal and institutional instruments and implementation capacities to successfully launch and roll-out a privatization program that is both on par with international best practice and tailoredto the particular industry/business. At the same time the World Bank will be provided with the appropriate funding to provide dedicated TA and supervision.

Key Details

Project Details

Project ID
P125389
Status
Closed
Team Leader
Tatiana Segal
Borrower 2
Ministry of Economy of the Republic of Belarus

Country
Belarus
Disclosure Date
March 19, 2010
Approval Date
(as of board presentation)
March 19, 2010
Effective Date
December 22, 2010

Total Project Cost 1
US$ 5.00 million
Implementing Agency
National Agency for Investment Promotion and Privatization
Region
Europe and Central Asia
Fiscal Year 3
2010

Commitment Amount
US$ 5.00 million
Environmental Category
C
Last Update Date
June 17, 2020
Closing Date
August 15, 2019

Last Stage Reached
BANK APPROVED

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 - Public Sector Management

FY17 - Public Administration100%
- FY17 - State-owned Enterprise Reform and Privatization100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Free-standing TFs for ECA PF Sector Unit	5.00

Total Project Financing (US$ Millions)

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

Lending Instrument
Grant Amount	5.00
Total Project Cost**	5.00

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

No data available.

Detailed Financial Activity as of February 28, 2025

No data available.

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2019-02-12
Financial Management	Satisfactory	2019-02-12
Monitoring and Evaluation	Satisfactory	2019-02-12
Overall Implementation Progress (IP)	Satisfactory	2019-02-12
Procurement	Satisfactory	2019-02-12
Project Management	Satisfactory	2019-02-12

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 02-18-2020
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-05-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately 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	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Belarus legislation to recognize a transparent and unbiased investment attraction method developed under the project for all SOEs Value 0.00 12.00 0.00
Date January 31, 2011 August 15, 2019
Comment
Number of enterprises prepared for sale in accordance with international best practice Value 0.00 12.00 0.00
Date September 5, 2011 August 15, 2019
Comment

Shares of a selected pilot privatization enterprise to be valuated at a market price (not in line with the recommended national valuation method)	Value	0.00	1.00	0.00
	Date	September 5, 2011	May 11, 2016
	Comment

two SOEs from original list were retendered. Their shares were evaluated at a market price, per new decree #78 Value 0.00 2.00 0.00
Date September 5, 2011 May 11, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of additional enterprises prepared for investment attraction transactions Value 0.00 4.00 0.00
Date October 26, 2017 August 15, 2019
Comment
Number of Financial Advisers to be hired for additional enterprises Value 0.00 3.00 0.00
Date May 12, 2016 August 15, 2019
Comment
Number of financial advisers contracted to prepare pilot privatization enterprises for sale Value 0.00 4.00 0.00
Date September 5, 2011 August 15, 2019
Comment
Number of selected SOEs prepard for investment attraction transaction based on a transparent and unbiased method Value 0.00 12.00 0.00
Date January 31, 2011 August 15, 2019 August 15, 2016
Comment

Belarus legislation to recognize a transparent and unbiased investment attraction method developed under the project for all SOEs	Value	0.00	12.00	0.00
	Date	January 31, 2011	August 15, 2019
	Comment

two SOEs from original list were retendered. Their shares were evaluated at a market price, per new decree #78	Value	0.00	2.00	0.00
	Date	September 5, 2011	May 11, 2016
	Comment

Number of additional enterprises prepared for investment attraction transactions	Value	0.00	4.00	0.00
	Date	October 26, 2017	August 15, 2019
	Comment

Number of Financial Advisers to be hired for additional enterprises	Value	0.00	3.00	0.00
	Date	May 12, 2016	August 15, 2019
	Comment