Mauritius Second Private Sector Competitiveness DPL

Abstract*

The development objective of the Second Private Sector Competitiveness Development Policy Loan Project for Mauritius 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 three integrated and mutually reinforcing pillars: 1) improving enterprise growth and competitiveness; 2) improving access to finance; and 3) promoting... Show More

Development Objective

Program Development Objective of the DPL programmatic series is to strengthen the policy and institutional environment in Mauritiusto support competitiveness and enterprise development. The operation will achieve this by supporting reforms in three integrated and mutually reinforcing pillars: (i) improving enterprise growth and competitiveness, (ii) improving access to finance, and (iii) promoting ICT usage and e-Government reforms for increased efficiency and transparency gains.

Key Details

Project Details

Project ID
P132510
Status
Closed
Team Leader
Smita Kuriakose
Borrower 2
Ministry of Finance and Economic Development

Country
Mauritius
Disclosure Date
March 27, 2013
Approval Date
(as of board presentation)
March 27, 2013
Effective Date
July 12, 2013

Total Project Cost 1
US$ 15.00 million
Implementing Agency
Ministry of Finance and Economic Development
Region
Eastern and Southern Africa
Fiscal Year 3
2013

Commitment Amount
US$ 15.00 million
Environmental Category
N/A
Last Update Date
September 8, 2015
Closing Date
June 30, 2014

Last Stage Reached
BANK APPROVED
Parent Projects
P126903

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 Access13%
- FY17 - MSME Finance13%
FY17 - Financial Stability12%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring12%

FY17 - Private Sector Development

FY17 - Business Enabling Environment13%
- FY17 - Investment and Business Climate13%
FY17 - Enterprise Development13%
- FY17 - MSME Development13%

FY17 - Public Sector Management

FY17 - Public Administration50%
- FY17 - E-Government, incl. e-services38%
- FY17 - State-owned Enterprise Reform and Privatization12%

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$)
Oct 15, 2019	IBRD-82480	Int Charges	178,348.98
Apr 15, 2019	IBRD-82480	Loan Repay	484,545.60
Oct 15, 2018	IBRD-82480	Int Charges	201,888.80
Oct 15, 2018	IBRD-82480	Loan Repay	486,984.97
Apr 15, 2017	IBRD-82480	Int Charges	199,375.30
Oct 15, 2017	IBRD-82480	Int Charges	211,789.44
Apr 15, 2018	IBRD-82480	Int Charges	227,534.20
Apr 15, 2018	IBRD-82480	Loan Repay	527,714.90
Oct 15, 2016	IBRD-82480	Int Charges	194,961.02
Oct 15, 2015	IBRD-82480	Int Charges	246,808.80
Apr 15, 2016	IBRD-82480	Int Charges	226,052.16
Oct 15, 2014	IBRD-82480	Int Charges	109.39
Oct 15, 2014	IBRD-82480	Int Charges	2,825.23
Oct 15, 2014	IBRD-82480	Int Charges	231,128.14
Apr 25, 2014	IBRD-82480	Loan Disb	16,103,959.00
May 1, 2014	IBRD-82480	Loan Disb	-16,226,400.00
May 1, 2014	IBRD-82480	Loan Disb	16,226,400.00
Apr 15, 2014	IBRD-82480	Int Charges	114.89
Apr 15, 2014	IBRD-82480	Int Charges	103.17
Jul 12, 2013	IBRD-82480	Fee Charges	36,261.60
Jul 12, 2013	IBRD-82480	Loan Disb	36,261.60
Apr 15, 2015	IBRD-82480	Int Charges	234,864.77
Mar 27, 2013	IBRD-82480	Loan Commitment	15,000,000.00
Oct 15, 2023	IBRD-82480	Int Charges	111,779.49
Oct 15, 2023	IBRD-82480	Loan Repay	449,692.30
Apr 15, 2024	IBRD-82480	Int Charges	107,101.01
Apr 15, 2024	IBRD-82480	Loan Repay	461,704.30
Apr 15, 2022	IBRD-82480	Int Charges	144,093.60
Apr 15, 2022	IBRD-82480	Loan Repay	482,937.84
Oct 15, 2022	IBRD-82480	Int Charges	117,159.48
Oct 15, 2022	IBRD-82480	Loan Repay	415,800.00
Apr 15, 2023	IBRD-82480	Int Charges	122,655.01
Apr 15, 2023	IBRD-82480	Loan Repay	462,554.40
Apr 15, 2021	IBRD-82480	Int Charges	168,693.23
Apr 15, 2021	IBRD-82480	Loan Repay	508,772.88
Oct 15, 2021	IBRD-82480	Int Charges	160,008.95
Oct 15, 2021	IBRD-82480	Loan Repay	508,015.20
Apr 15, 2020	IBRD-82480	Int Charges	168,604.10
Apr 15, 2020	IBRD-82480	Loan Repay	462,221.75
Oct 15, 2020	IBRD-82480	Loan Repay	478,742.88
Oct 15, 2020	IBRD-82480	Int Charges	166,683.34
Apr 15, 2019	IBRD-82480	Int Charges	192,834.05
Oct 15, 2019	IBRD-82480	Loan Repay	467,654.88

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2014-06-11
Monitoring and Evaluation	Satisfactory	2014-06-11
Overall Implementation Progress (IP)	Satisfactory	2014-06-11
Program Management	Satisfactory	2014-06-11

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: 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 Enterprises accessing generic BDS increases. Value 200.00 555.00 250.00
Date February 27, 2012 May 6, 2013 June 30, 2014
Comment Source: SMEDA
Number of insolvency practitioners registered Value 0.00 61.00 50.00
Date February 27, 2012 May 9, 2014 June 30, 2014
Comment
Number of Enterprises accessing specialized BDS increases. Value 80.00 147.00 120.00
Date February 27, 2012 March 15, 2013 June 30, 2014
Comment
Number of banks that have used the Out of Court Workout guidelines. Value 0.00 1.00 4.00
Date February 27, 2012 May 20, 2014 June 30, 2014
Comment Only 1 bank had responded as having used OCW

Completion of necessary legal amendments to facilitate secured lending transactions	Value	No	No	Yes
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment		The government has taken the decision to amend the Civil Code Mauricien to implement the secured transactions reform.

Number of public services that can be executed via secured online transactions	Value	0.00	7.00	10.00
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment		These include online application and payments of services for incorporation of a company, annual registration fees of a company,and ePayment for the lease of state land.

Development of an M&E Framework for BDS Schemes Value No No Yes
Date February 27, 2012 May 7, 2014 June 30, 2014
Comment In progress

A new licensed commercial Bank with a focus on the MSME segment established	Value	No	No	Yes
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment		Restructuring not yet concluded. Hired adviser who will prepare application to be made to BOM for the license. Application willbemade by Oct 2014

Increase in coverage of the Credit Information bureau Value 50.00 74.00 70.00
Date February 27, 2012 May 20, 2014 June 30, 2014
Comment
Decrease in the price per 1Mbit/s per month of mobile broadband service Value 17.38 48.00 10.00
Date February 27, 2012 May 20, 2014 June 30, 2014
Comment Decreased to $9.00
DBM restructured by the sale of its non banking assets Value No No Yes
Date February 27, 2012 May 20, 2014 June 30, 2014
Comment In Progress. Restructuring plan approved Cabinet on April 11, 2014
Reduction in time taken to register property Value 15.00 2.00 2.00
Date February 27, 2012 May 20, 2014 June 30, 2014
Comment

Increase in number of broadband subscriptions with actual speeds of at least 10 Mbit/s	Value	300200.00	5.40	15.00
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment		For the broadband subscription figures as at May 2014,the same would not be available for this particular connection. Normally,there is an annual survey where ISPs are asked to provide their subscriber distribution in terms of speed, but the highestdenominationused in Mauritius is for 'advertised speeds greater than 6 Mbps'.

Decrease in the price per 1Mbit/s per month of fixed broadband service Value 27.83 3.70 10.00
Date February 27, 2012 December 9, 2013 June 30, 2014
Comment decreased to $26.79

Number of Enterprises accessing generic BDS increases.	Value	200.00	555.00	250.00
	Date	February 27, 2012	May 6, 2013	June 30, 2014
	Comment		Source: SMEDA

Number of Enterprises accessing specialized BDS increases.	Value	80.00	147.00	120.00
	Date	February 27, 2012	March 15, 2013	June 30, 2014
	Comment

Increase in coverage of the Credit Information bureau	Value	50.00	74.00	70.00
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment

Decrease in the price per 1Mbit/s per month of mobile broadband service	Value	17.38	48.00	10.00
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment		Decreased to $9.00

Decrease in the price per 1Mbit/s per month of fixed broadband service	Value	27.83	3.70	10.00
	Date	February 27, 2012	December 9, 2013	June 30, 2014
	Comment		decreased to $26.79

Number of banks that have used the Out of Court Workout guidelines.	Value	0.00	1.00	4.00
	Date	February 27, 2012	May 20, 2014	June 30, 2014
	Comment		Only 1 bank had responded as having used OCW