| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 1307.80 |
Development Policy Loan 2
Abstract*
The Second Public Finance Development Policy Loan Program is structured around three pillars with the following development objectives: 1) consolidating public finances to ensure a steady decline of the fiscal deficit to stabilize and over the medium term reduce public debt; 2) strengthening fiscal institutions to ingrain a prudent fiscal stance (including at the subnational level) over the medium term; and 3) advancing long-term fiscal reforms to... Show More
Development Objective
The programmatic DPL is structured around three pillars with the following development objectives:
(i) consolidating public finances to ensure a steady decline of the fiscal deficit to stabilize and over the medium term reduce public debt;
(ii) strengthening fiscal institutions to ingrain a prudent fiscal stance (including at the sub-national level) over the medium term; and
(iii) advancing long-term fiscal reforms to secure the sustainability of social spending in view of Poland’s demographic challenge.
These policies aim to enhance Poland’s economic resilience in the face of adverse times and to protect fiscal space for key growth-enhancing investments.
Key Details
Project Details
P130459
Closed
Gallina Andronova Vincelette
N/A
December 6, 2012
(as of board presentation)
June 18, 2013
July 11, 2013
US$ 1307.80 million
Ministry of Finance
2013
US$ 1307.80 million
N/A
March 4, 2021
June 30, 2014
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 1307.80 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 1307.80 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 1307.80 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 17, 2013 | IBRD-82730 | Fee Charges | 3,286,125.00 |
| Jul 26, 2013 | IBRD-82730 | Loan Disb | 1,327,049,980.00 |
| Nov 15, 2013 | IBRD-82730 | Int Charges | 2,552,226.50 |
| May 15, 2014 | IBRD-82730 | Int Charges | 4,051,345.50 |
| May 15, 2024 | IBRD-82730 | Loan Repay | 43,300,000.00 |
| May 15, 2024 | IBRD-82730 | Int Charges | 14,841,797.00 |
| May 15, 2015 | IBRD-82730 | Int Charges | 2,741,426.00 |
| Jun 18, 2013 | IBRD-82730 | Loan Commitment | 1,307,800,060.00 |
| Nov 15, 2023 | IBRD-82730 | Int Charges | 14,466,365.00 |
| Nov 15, 2023 | IBRD-82730 | Loan Repay | 43,464,000.00 |
| Nov 15, 2022 | IBRD-82730 | Int Charges | 957,904.00 |
| Nov 15, 2022 | IBRD-82730 | Loan Repay | 41,648,000.00 |
| May 15, 2023 | IBRD-82730 | Int Charges | 10,303,237.00 |
| May 15, 2023 | IBRD-82730 | Loan Repay | 43,518,000.00 |
| May 15, 2021 | IBRD-82730 | Loan Repay | 48,458,000.00 |
| Nov 15, 2021 | IBRD-82730 | Int Charges | 46,821.88 |
| Nov 15, 2021 | IBRD-82730 | Loan Repay | 45,804,000.00 |
| May 15, 2022 | IBRD-82730 | Loan Repay | 41,552,000.00 |
| May 15, 2020 | IBRD-82730 | Int Charges | 754,142.80 |
| May 15, 2020 | IBRD-82730 | Loan Repay | 43,238,000.00 |
| Nov 15, 2020 | IBRD-82730 | Int Charges | 1,860,415.90 |
| Nov 15, 2020 | IBRD-82730 | Loan Repay | 47,272,000.00 |
| Nov 15, 2019 | IBRD-82730 | Int Charges | 1,461,585.60 |
| Nov 15, 2019 | IBRD-82730 | Loan Repay | 44,130,000.00 |
| May 15, 2019 | IBRD-82730 | Int Charges | 1,294,693.00 |
| May 15, 2019 | IBRD-82730 | Loan Repay | 44,784,000.00 |
| May 15, 2018 | IBRD-82730 | Int Charges | 1,078,579.00 |
| Nov 15, 2018 | IBRD-82730 | Int Charges | 1,156,491.10 |
| May 15, 2016 | IBRD-82730 | Int Charges | 1,950,165.40 |
| Nov 15, 2016 | IBRD-82730 | Int Charges | 1,265,544.40 |
| May 15, 2017 | IBRD-82730 | Int Charges | 1,103,044.10 |
| Nov 15, 2017 | IBRD-82730 | Int Charges | 1,211,026.60 |
| Nov 15, 2015 | IBRD-82730 | Int Charges | 2,150,707.00 |
| Nov 15, 2014 | IBRD-82730 | Int Charges | 4,452,723.50 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2014-05-31 |
| Monitoring and Evaluation | Satisfactory | 2014-05-31 |
| Overall Implementation Progress (IP) | Satisfactory | 2014-05-31 |
| Program Management | Satisfactory | 2014-05-31 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| 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: 04-26-2019 | PROJECT PERFORMANCE ASSESSMENT REPORT: 01-20-2016 |
|---|---|---|
| Outcome Rating | Satisfactory | Satisfactory |
| Risk To Development Outcome | Low | Moderate |
| Bank Performance | Satisfactory | Satisfactory |
| Borrower Performance | Moderately Satisfactory | Satisfactory |
| Government Performance | Satisfactory | |
| Implementing Agency | Satisfactory | |
| Icr Quality | Satisfactory | |
| M&e Quality | Substantial | Modest |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Public debt-to-GDP ratio (national definition) is stabilized. Value 54.00 53.90 54.00 Date December 31, 2011 December 31, 2013 December 31, 2013 Comment Public debt to GDP ratio (national definition) was 54 percent in 2011 Public debt to GDP ratio (national definition) was 53.9 percent in 2013 Public debt to GDP ratio (national definition) is at or below 54 percent of GDP in 2013 LGs’ debt-to-GDP ratio (ESA’95 definition) is stabilized. Value 4.30 4.10 4.30 Date December 31, 2011 December 31, 2013 December 31, 2013 Comment LGs’ debt-to-GDP ratio (ESA’95 definition) was 4.3 percent in 2011 LGs’ debt-to-GDP ratio (ESA’95 definition) was 4.1 percent in 2013 LGs’ debt-to-GDP ratio (ESA’95 definition) is at or below 4.3 percent of GDP in 2013 Social security funds’ deficit-to-GDP ratio (ESA’95 definition) is reduced. Value -0.10 -0.50 -0.10 Date December 31, 2011 December 31, 2013 December 31, 2013 Comment Social security funds’ deficit-to-GDP ratio (ESA’95 definition) was -0.1 in 2011 Social security funds’ balance-to-GDP ratio (ESA’95 definition) was -0.5 in 2013 Social security funds’ deficit-to-GDP ratio (ESA’95 definition) is lower than -0.1 in 2013 The last-resort minimum income benefit for a “typical” poor family is improved. Value 36.00 46.40 36.00 Date December 31, 2011 December 31, 2013 December 31, 2013 Comment The last-resort minimum income benefit for a “typical” poor family was at 36 percent of the Eurostat "at-risk-of-poverty"thresholdin 2011 The last-resort minimum income benefit for a “typical” poor family was at 46.4 percent of the Eurostat "at-risk-of-poverty"threshold in 2013 The last-resort minimum income benefit for a “typical” poor family is higher than 36 percent of the Eurostat "at-risk-of-poverty"threshold in 2013 Hospital arrears are reduced. Value PLN 2.4 billion PLN 2.5 billion PLN 2.2 billion Date December 31, 2011 September 30, 2013 December 31, 2013 Comment Hospital arrears were PLN 2.4 billion in 2011 Hospital arrears were PLN 2.5 billion at end-September 2013 Hospital arrears are at or below PLN 2.4 billion in 2013