Somali Core Economic Institutions and Opportunities Program (SCORE)

Abstract*

The objectives of the Core Economic Institutions and Opportunities Program Project for Somalia are to: (a) improve the enabling environment for private and financial sector development; and (b) catalyze private investment and job creation. There are three components to the project, the first component being strengthening core economic institutions. The first component will help strengthen economic institutions in three critical areas of the economy:... Show More

Development Objective

The Project Development Objectives are to: (i) improve the enabling environment for private and financial sector development; and (ii) catalyze private investment and job creation.

Key Details

Project Details

Project ID
P152241
Status
Closed
Team Leader
Thilasoni Musuku
Borrower 2
Ministry of Finance

Country
Somalia
Disclosure Date
January 12, 2016
Approval Date
(as of board presentation)
January 20, 2016
Effective Date
May 16, 2016

Total Project Cost 1
US$ 28.50 million
Implementing Agency
Government of Somaliland Ministry of Planning and Development,Federal Republic of Somalia Ministry of Finance
Region
Eastern and Southern Africa
Fiscal Year 3
2016

Commitment Amount
US$ 28.50 million
Environmental Category
B
Last Update Date
July 15, 2022
Closing Date
September 30, 2020

Consultant Services required
Yes
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 Access34%
- FY17 - MSME Finance34%

FY17 - Private Sector Development

FY17 - Business Enabling Environment33%
- FY17 - Investment and Business Climate11%
- FY17 - Regulation and Competition Policy22%
FY17 - Enterprise Development34%
- FY17 - MSME Development34%

FY17 - Social Development and Protection

FY17 - Fragility, Conflict and Violence100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Somalia Multi-Partner Fund	28.50

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	28.50
Total Project Cost**	28.50

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

No data available.

Detailed Financial Activity as of March 31, 2025

No data available.

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2020-06-01
Overall Implementation Progress (IP)	Moderately Satisfactory	2020-06-01
Procurement	Moderately Satisfactory	2020-06-01
Project Management	Moderately Satisfactory	2020-06-01
Financial Management	Moderately Satisfactory	2020-06-01
Monitoring and Evaluation	Moderately Satisfactory	2020-06-01

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-26-2021
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-25-2021	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	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	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Total number of direct jobs for youth Value 0.00 1343.00 800.00
Date April 15, 2016 May 18, 2020 April 8, 2018
Comment
Number of recommended laws/regulations/amendments/codes enacted or policies adopted Value 0.00 5.00 5.00
Date April 15, 2016 September 30, 2020 August 8, 2018
Comment
Private Capital Mobilized Value 0.00 6539382.00 7000000.00
Date April 15, 2016 September 30, 2020 April 8, 2018
Comment
Additional number of direct jobs created in enterprises supported by the SBCF Value 0.00 2217.00 2000.00
Date April 15, 2016 September 30, 2020 April 8, 2018
Comment
Number of recommended laws/regulations/amendments/codes enacted in Somaliland Value 0.00 1.00 1.00
Date April 15, 2016 September 30, 2020 August 8, 2018
Comment
Total number of addtional direct jobs created in enterprises supported by the project Value 0.00 2217.00 2000.00
Date April 15, 2016 September 30, 2020 April 8, 2018
Comment
Total number of direct jobs for women Value 0.00 634.00 650.00
Date April 15, 2016 September 30, 2020 April 8, 2018
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Component 1(c): Total number of diagnostic reports on port sector Value 0.00 2.00 2.00
Date April 15, 2016 May 18, 2020 April 8, 2018
Comment
Total annual increase in revenue of firms supported by SBCF and SMEF that received training and advisory services Value 0.00 194.00 15.00
Date April 15, 2016 September 30, 2020
Comment
Component 1 (c): Number of FGS/Ports Authority officials trained on management of ports concession agreements Value 0.00 5.00 5.00
Date April 15, 2016 September 30, 2020 April 8, 2018
Comment
Component 1 (a): Core-banking and accounting system at CBS live and operational Value No Yes
Date July 2, 2018 September 30, 2020
Comment
Total annual number of actionable on-site and off-site examination reports issued Value 0.00 21.00 21.00
Date April 15, 2016 May 18, 2020 September 28, 2018
Comment
Number of individuals receiving subsidized TVET or other forms of training financed by the SMEF Value 0.00 1175.00 800.00
Date May 18, 2020 September 30, 2020
Comment

Component 1 (b): Total number of diagnostic reports on legal, regulatory, institutional and infrastructure setting aimed at supporting business registration and operations	Value	0.00	2.00	2.00
	Date	April 15, 2016	September 30, 2020	April 8, 2018
	Comment

Citizen engagement: Proportion of STEP beneficiaries who consider that design and/or implementation of project subjected to consultation is responsive to their view	Value	0.00	99.00	50.00
	Date	April 15, 2016	September 30, 2020
	Comment

Component 1 (a): Inter-bank payment, clearing and settlement system live and operational Value No No
Date April 15, 2016 September 30, 2020
Comment
Number of individuals receiving subsidized BDS or advice financed by the SMEF Value 0.00 861.00 500.00
Date May 30, 2016 September 30, 2020
Comment

Component 2 (b) : Percentage of Business Development Services (BDS) providers with repeat clientele and/or new clientele because ofSMEF TA support disaggregated to show female workers and women enter	Value	0.00	26.00	0.00
	Date	July 16, 2018	September 30, 2020
	Comment

Component 2 (b): Percentage of businesses incorporating improved business practices or processes because of SMEF TA support Value 0.00 91.00 0.00
Date July 16, 2018 September 30, 2020
Comment