Mauritius - Priv Sec Competitiveness Development Policy Loan (PSC - DPL)

Abstract*

Mauritius has an impressive development record. Only a handful of countries have defied the odds, transformed their economies, sustained growth acceleration over decades and joined the ranks of middle income economies. Maintaining the status requires keeping up to the pace of reforms set by its competitors. Mauritius' ambitions are far greater as it envisions moving up the ladder and joining the ranks of upper middle-income countries (MIC). While... Show More

Development Objective

The development objective of the programmatic series is to strengthen the policy and institutional environment in Mauritius to support competitiveness and enterprise development. The operation will achieve this by supporting reforms in around three integrated andmutually reinforcing pillars: (i) improving competitiveness and growth of enterprises; (ii) improving access to finance; and (iii) promoting ICT and e-Gov for enhancing competitiveness and transparency.

Key Details

Project Details

Project ID
P126903
Status
Closed
Team Leader
Asya Akhlaque
Borrower 2
Ministry of Finance and Economic Development

Country
Mauritius
Disclosure Date
December 15, 2011
Approval Date
(as of board presentation)
March 27, 2012
Effective Date
June 22, 2012

Total Project Cost 1
US$ 15.00 million
Implementing Agency
Ministry of Finance and Economic Development
Region
Eastern and Southern Africa
Fiscal Year 3
2012

Commitment Amount
US$ 15.00 million
Environmental Category
N/A
Last Update Date
September 23, 2015
Closing Date
December 31, 2012

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 - Finance

FY17 - Financial Infrastructure and Access10%
- FY17 - MSME Finance10%

FY17 - Human Development and Gender

FY17 - Education32%
- FY17 - Access to Education8%
- FY17 - Science and Technology8%
- FY17 - Standards, Curriculum and Textbooks8%
- FY17 - Teachers8%

FY17 - Private Sector Development

FY17 - Business Enabling Environment15%
- FY17 - Regulation and Competition Policy15%
FY17 - Enterprise Development10%
- FY17 - MSME Development10%

FY17 - Public Sector Management

FY17 - Public Administration15%
- FY17 - E-Government, incl. e-services15%

FY17 - Urban and Rural Development

FY17 - Rural Development20%
- FY17 - Rural Markets20%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	15.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	15.00
IDA Commitment	N/A
IBRD + IDA Commitment	15.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	15.00

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

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 27, 2012	IBRD-81390	Loan Commitment	15,000,000.00
Aug 15, 2015	IBRD-81390	Int Charges	208,353.95
Aug 15, 2024	IBRD-81390	Loan Repay	475,065.38
Feb 15, 2024	IBRD-81390	Int Charges	84,944.15
Feb 15, 2024	IBRD-81390	Loan Repay	463,848.00
Aug 15, 2023	IBRD-81390	Loan Repay	469,761.60
Aug 15, 2023	IBRD-81390	Int Charges	91,147.08
Feb 15, 2023	IBRD-81390	Int Charges	94,191.28
Feb 15, 2023	IBRD-81390	Loan Repay	445,645.20
Aug 15, 2022	IBRD-81390	Int Charges	99,126.14
Aug 15, 2022	IBRD-81390	Loan Repay	446,920.30
Aug 15, 2021	IBRD-81390	Int Charges	127,291.72
Aug 15, 2021	IBRD-81390	Loan Repay	510,048.00
Feb 15, 2022	IBRD-81390	Int Charges	119,895.36
Feb 15, 2022	IBRD-81390	Loan Repay	500,419.90
Feb 15, 2021	IBRD-81390	Int Charges	137,655.10
Feb 15, 2021	IBRD-81390	Loan Repay	513,984.25
Aug 15, 2020	IBRD-81390	Int Charges	135,078.97
Aug 15, 2020	IBRD-81390	Loan Repay	484,379.28
Feb 15, 2020	IBRD-81390	Int Charges	142,574.30
Feb 15, 2020	IBRD-81390	Loan Repay	481,588.80
Aug 15, 2019	IBRD-81390	Int Charges	136,381.45
Aug 15, 2019	IBRD-81390	Loan Repay	446,994.25
Feb 15, 2019	IBRD-81390	Int Charges	153,628.70
Feb 15, 2019	IBRD-81390	Loan Repay	473,753.28
Aug 15, 2018	IBRD-81390	Int Charges	156,385.48
Aug 15, 2018	IBRD-81390	Loan Repay	469,798.56
Feb 15, 2018	IBRD-81390	Int Charges	183,002.12
Feb 15, 2018	IBRD-81390	Loan Repay	519,140.16
Aug 15, 2017	IBRD-81390	Int Charges	171,644.42
Aug 15, 2017	IBRD-81390	Loan Repay	475,933.90
Feb 15, 2017	IBRD-81390	Int Charges	168,391.64
Aug 15, 2016	IBRD-81390	Int Charges	173,135.56
Feb 15, 2016	IBRD-81390	Int Charges	195,926.19
Aug 15, 2013	IBRD-81390	Int Charges	16,284.72
Aug 15, 2013	IBRD-81390	Int Charges	207,431.10
Aug 15, 2013	IBRD-81390	Int Charges	4,752.81
Aug 15, 2013	IBRD-81390	Int Charges	101.23
Aug 15, 2013	IBRD-81390	Int Charges	275.18
Feb 15, 2014	IBRD-81390	Int Charges	226,421.52
Feb 15, 2015	IBRD-81390	Int Charges	208,473.92
Aug 15, 2014	IBRD-81390	Int Charges	222,463.27
Aug 15, 2024	IBRD-81390	Int Charges	79,420.03

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2012-10-28
Monitoring and Evaluation	Satisfactory	2012-10-28
Overall Implementation Progress (IP)	Moderately Satisfactory	2012-10-28
Program Management	Satisfactory	2012-10-28

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 07-20-2015
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-02-2015	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of insolvency practitioners registered Value 75 81 15% increase
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment (8% increase). Source: Insolvency Unit
Number of businesses with an approved restructuring plan Value 0.00 6.00 8.00
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment

Development Bank of Mauritius meets prudential requirements of the Central Bank	Value	None	Not met	All Committees as required by the Banking regulati
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment

Reducation in time taken to register property Value 15 days 2 days 2 hours
Date February 27, 2012 June 19, 2012 December 31, 2012
Comment Source: Registrar General
Reduction in the interest subsidy to DBM Value MUR 80 million MUR 28 million MUR 50 million
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment
Increase in coverage of the Credit Information bureau Value 50.00 67.80 90.00
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment Source: Credit Information Bureau

Increase in the number of homes that have access to download speeds of at least 10 Mbps and upload speeds of at least 5 Mbpsby 2013.	Value	87,500 HHs	94,560 HHs	140,000 HHs
	Date	August 27, 2012	July 19, 2012	December 31, 2012
	Comment

Average monthly retail price of broadband ADSL. 256kbps with 3GB allowance,service to households decreases	Value	Rs 316.52	Rs 316.52	25 percent decrease
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment

Number of public services that can be executed via secured online transactions Value 0.00 0.00 15.00
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment
Number of Enterprises accessing Generic BDS increases Value 200 220 25% increase
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment Source: Generalized training provided by SMEDA
Number of Enterprises accessing Specialized BDS increases Value 80 115 (44% increase) 20% increase
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment
Increase in the number of loans to SMEs of less than Rs 150,000 Value 24,532 20,883(15% decrease) 15% increase
Date February 27, 2012 July 19, 2012 December 31, 2012
Comment

Number of insolvency practitioners registered	Value	75	81	15% increase
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment		(8% increase). Source: Insolvency Unit

Number of businesses with an approved restructuring plan	Value	0.00	6.00	8.00
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment

Reducation in time taken to register property	Value	15 days	2 days	2 hours
	Date	February 27, 2012	June 19, 2012	December 31, 2012
	Comment		Source: Registrar General

Reduction in the interest subsidy to DBM	Value	MUR 80 million	MUR 28 million	MUR 50 million
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment

Increase in coverage of the Credit Information bureau	Value	50.00	67.80	90.00
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment		Source: Credit Information Bureau

Number of Enterprises accessing Generic BDS increases	Value	200	220	25% increase
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment		Source: Generalized training provided by SMEDA

Number of Enterprises accessing Specialized BDS increases	Value	80	115 (44% increase)	20% increase
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment

Increase in the number of loans to SMEs of less than Rs 150,000	Value	24,532	20,883(15% decrease)	15% increase
	Date	February 27, 2012	July 19, 2012	December 31, 2012
	Comment