First Programmatic Reducing Vulnerabilities for Growth Development Policy Credit

Abstract*

The development objective of the First Programmatic Reducing Vulnerabilities for Growth Development Policy Credit (DPC) for Honduras is to assist the government in strengthening fiscal management and institutional mechanisms and programs responsible for an integrated violence prevention strategy. The DPC operation supports progress towards the Country Partnership Strategy objectives of expanding opportunities and reducing vulnerabilities and of improving... Show More

Development Objective

The operation’s Development Objective is to assist the Government in strengthening fiscal management and institutional mechanisms and programs responsible for an integrated violence prevention strategy. The DPC operation supports progress towards the Country Partnership Strategy objectives of Expanding Opportunities and Reducing Vulnerabilities and of Improving Citizen Security.

Key Details

Project Details

Project ID
P127331
Status
Closed
Team Leader
Luc Razafimandimby
Borrower 2
N/A

Country
Honduras
Disclosure Date
October 6, 2011
Approval Date
(as of board presentation)
December 6, 2011
Effective Date
December 15, 2011

Total Project Cost 1
US$ 86.00 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2012

Commitment Amount
US$ 86.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
November 15, 2012

Last Stage Reached
BANK APPROVED
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 - Economic Policy

FY17 - Fiscal Policy22%
- FY17 - Fiscal sustainability15%
- FY17 - Tax policy7%

FY17 - Public Sector Management

FY17 - Public Administration28%
- FY17 - Administrative and Civil Service Reform28%
FY17 - Public Finance Management22%
- FY17 - Debt Management15%
- FY17 - Domestic Revenue Administration7%

FY17 - Social Development and Protection

FY17 - Social Protection28%
- FY17 - Social Safety Nets28%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	86.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	86.00
IBRD + IDA Commitment	86.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	86.00

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$)
Aug 1, 2020	IDA-50210	Int Charges	258,252.42
Aug 1, 2020	IDA-50210	Int Charges	371,845.72
Aug 1, 2019	IDA-50210	Loan Repay	1,245,199.10
Aug 1, 2019	IDA-50210	Int Charges	259,652.34
Aug 1, 2019	IDA-50210	Int Charges	259,652.34
Aug 1, 2019	IDA-50210	Int Charges	432,753.88
Aug 1, 2019	IDA-50210	Int Charges	21,223.40
Aug 1, 2018	IDA-50210	Int Charges	52,250.10
Aug 1, 2018	IDA-50210	Loan Repay	1,275,628.40
Aug 1, 2018	IDA-50210	Int Charges	275,564.70
Aug 1, 2018	IDA-50210	Int Charges	275,564.70
Aug 1, 2018	IDA-50210	Int Charges	459,274.53
Dec 6, 2011	IDA-50210	Loan Commitment	86,000,000.00
Feb 1, 2024	IDA-50210	Int Charges	13,247.92
Feb 1, 2024	IDA-50210	Loan Repay	1,208,169.50
Feb 1, 2024	IDA-50210	Int Charges	211,155.10
Feb 1, 2024	IDA-50210	Int Charges	211,155.10
Feb 1, 2024	IDA-50210	Int Charges	351,925.16
Aug 1, 2024	IDA-50210	Int Charges	340,696.06
Aug 1, 2024	IDA-50210	Loan Repay	4,511.93
Aug 1, 2024	IDA-50210	Loan Repay	1,200,739.10
Aug 1, 2024	IDA-50210	Int Charges	206,125.33
Aug 1, 2024	IDA-50210	Int Charges	206,125.33
Feb 1, 2023	IDA-50210	Loan Repay	33,173.90
Feb 1, 2023	IDA-50210	Loan Repay	1,195,578.80
Feb 1, 2023	IDA-50210	Int Charges	223,968.05
Feb 1, 2023	IDA-50210	Int Charges	223,968.05
Feb 1, 2023	IDA-50210	Int Charges	331,829.88
Aug 1, 2023	IDA-50210	Int Charges	41,087.46
Aug 1, 2023	IDA-50210	Int Charges	349,044.70
Aug 1, 2023	IDA-50210	Loan Repay	1,217,997.40
Aug 1, 2020	IDA-50210	Int Charges	258,252.42
Aug 1, 2023	IDA-50210	Int Charges	217,440.23
Aug 1, 2023	IDA-50210	Int Charges	217,440.23
Aug 1, 2022	IDA-50210	Loan Repay	2,108.62
Aug 1, 2022	IDA-50210	Loan Repay	1,202,287.90
Aug 1, 2022	IDA-50210	Int Charges	224,045.08
Aug 1, 2022	IDA-50210	Int Charges	224,045.08
Aug 1, 2022	IDA-50210	Int Charges	373,408.53
Feb 1, 2022	IDA-50210	Int Charges	401,987.75
Feb 1, 2022	IDA-50210	Loan Repay	22,561.82
Feb 1, 2022	IDA-50210	Loan Repay	1,248,393.50
Feb 1, 2022	IDA-50210	Int Charges	241,192.64
Feb 1, 2022	IDA-50210	Int Charges	241,192.64
Aug 1, 2021	IDA-50210	Loan Repay	1,298,966.20
Aug 1, 2021	IDA-50210	Int Charges	251,379.48
Aug 1, 2021	IDA-50210	Int Charges	251,379.48
Aug 1, 2021	IDA-50210	Int Charges	418,965.80
Aug 1, 2021	IDA-50210	Int Charges	13,200.45
Feb 1, 2016	IDA-50210	Int Charges	284,692.06
Feb 1, 2016	IDA-50210	Int Charges	472,328.10
Feb 1, 2017	IDA-50210	Int Charges	281,627.80
Feb 1, 2017	IDA-50210	Loan Repay	3,243.58
Feb 1, 2017	IDA-50210	Loan Repay	1,235,918.80
Feb 1, 2017	IDA-50210	Int Charges	455,274.62
Feb 1, 2015	IDA-50210	Int Charges	5,184.91
Feb 1, 2015	IDA-50210	Int Charges	5,184.91
Feb 1, 2015	IDA-50210	Int Charges	286,115.03
Feb 1, 2015	IDA-50210	Int Charges	286,115.03
Feb 1, 2015	IDA-50210	Int Charges	485,499.84
Aug 1, 2014	IDA-50210	Int Charges	314,614.78
Aug 1, 2014	IDA-50210	Int Charges	314,614.78
Aug 1, 2015	IDA-50210	Int Charges	476,806.44
Aug 1, 2015	IDA-50210	Int Charges	29,616.25
Aug 1, 2015	IDA-50210	Int Charges	29,616.25
Aug 1, 2015	IDA-50210	Int Charges	258,563.64
Aug 1, 2015	IDA-50210	Int Charges	258,563.64
Feb 1, 2016	IDA-50210	Int Charges	3,451.05
Feb 5, 2014	IDA-50210	Int Charges	5,052.48
Aug 2, 2013	IDA-50210	Int Charges	5,004.08
Aug 2, 2013	IDA-50210	Int Charges	311,536.78
Aug 2, 2013	IDA-50210	Int Charges	311,536.78
Aug 2, 2013	IDA-50210	Int Charges	514,255.70
Feb 5, 2014	IDA-50210	Int Charges	527,606.56
Feb 5, 2014	IDA-50210	Int Charges	316,563.97
Feb 5, 2014	IDA-50210	Int Charges	316,563.97
Aug 1, 2014	IDA-50210	Int Charges	527,258.75
Aug 1, 2014	IDA-50210	Int Charges	1,740.49
Aug 1, 2014	IDA-50210	Int Charges	1,740.49
Feb 1, 2019	IDA-50210	Int Charges	428,136.22
Feb 1, 2019	IDA-50210	Int Charges	269,883.70
Feb 1, 2019	IDA-50210	Loan Repay	21,331.35
Feb 1, 2019	IDA-50210	Loan Repay	1,250,069.50
Feb 1, 2019	IDA-50210	Int Charges	269,883.70
Feb 1, 2018	IDA-50210	Int Charges	40,886.55
Feb 1, 2018	IDA-50210	Loan Repay	1,323,258.80
Feb 1, 2018	IDA-50210	Int Charges	290,816.16
Feb 1, 2018	IDA-50210	Int Charges	290,816.16
Feb 1, 2018	IDA-50210	Int Charges	430,492.60
Feb 1, 2017	IDA-50210	Int Charges	281,627.80
Aug 1, 2016	IDA-50210	Int Charges	2,188.60
Aug 1, 2016	IDA-50210	Int Charges	288,640.66
Aug 1, 2016	IDA-50210	Int Charges	288,640.66
Aug 1, 2016	IDA-50210	Int Charges	481,067.75
Aug 1, 2017	IDA-50210	Int Charges	438,544.56
Aug 1, 2017	IDA-50210	Int Charges	14,611.40
Aug 1, 2017	IDA-50210	Loan Repay	1,283,647.10
Aug 1, 2017	IDA-50210	Int Charges	286,924.28
Aug 1, 2017	IDA-50210	Int Charges	286,924.28
Feb 1, 2016	IDA-50210	Int Charges	284,692.06
Feb 1, 2021	IDA-50210	Int Charges	257,959.81
Feb 1, 2021	IDA-50210	Int Charges	257,959.81
Feb 1, 2021	IDA-50210	Int Charges	416,644.50
Feb 1, 2021	IDA-50210	Int Charges	59,620.76
Feb 1, 2021	IDA-50210	Loan Repay	1,307,630.50
Feb 1, 2020	IDA-50210	Int Charges	421,549.97
Feb 1, 2020	IDA-50210	Loan Repay	11,427.21
Feb 1, 2020	IDA-50210	Loan Repay	1,240,426.90
Feb 1, 2020	IDA-50210	Int Charges	256,345.60
Feb 1, 2020	IDA-50210	Int Charges	256,345.60
Aug 1, 2020	IDA-50210	Int Charges	5,842.01
Aug 1, 2020	IDA-50210	Loan Repay	1,284,692.60

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2012-06-24
Overall Implementation Progress (IP)	Moderately Satisfactory	2012-06-24
Monitoring and Evaluation	Satisfactory	2012-06-24
Program Management	Satisfactory	2012-06-24

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-08-2013
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Substantial
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-31-2014	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Significant	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Satisfactory	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

Percent of PROHECO's teachers whose pension contributions are flowing into INPREMA	Value	0.00	100.00	100.00
	Date	December 31, 2011	September 14, 2012	December 31, 2012
	Comment		No change since previous ISR. All PROHECO teachers remain participants in INPREMA.

Central Government's Wage Bill as a share of GDP	Value	11.00	9.80	10.30
	Date	December 31, 2010	June 30, 2012	December 31, 2012
	Comment	Target is for end-2012.	During the first six months of 2012, the central government wage bill was 4.69 percent of GDP, an improvement from 4.85 percent ofGDP during the same period in 2011. Given that: a) the 2011 full-year outturn was 9.8 percent, and b) the authorities have takenmeasures to further reduce the wage bill under the fiscal emergency decree, the wage bill for 2012 appears to be on track to meetor overachieve the target.

Average perception of insecurity in regions where the Safer Municipalities has been implemented	Value	91.00	0.00	80.00
	Date	December 31, 2010		December 31, 2012
	Comment	UNDP 2010. Percent felt insecure	Not yet available.	Percent felt insecure

Number of Large Taxpayers filling electronically	Value	335.00	549.00	370.00
	Date	December 31, 2010	September 14, 2012	December 31, 2012
	Comment		According to the information provided by the Large Taxpayers Unit, 549 large taxpayers (88 percent of total) are currently filingtheir declarations electronically, with another 62 large taxpayers in the process of converting to electronic filing.