Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing

Abstract*

The development objective of Second Growth and Competitiveness Programmatic Development Policy Financing (DPF) for Ethiopia aims at boosting economic transformation in Ethiopia by increasing private sector participation and promoting good governance practices. This second operation is expected to contribute to the deepening of key structural reforms, while it also introduces measures aimed at removing constraints to access to credit by the private... Show More

Development Objective

This DPO series aims at boosting economic transformation in Ethiopia by increasing private sector participation and promoting good governance practices.

Key Details

Project Details

Project ID
P169079
Status
Closed
Team Leader
Miguel Sanchez Martin , Mikul Bhatia
Borrower 2
Federal Democratic Republic of Ethiopia

Country
Ethiopia
Disclosure Date
October 29, 2019
Approval Date
(as of board presentation)
March 19, 2020
Effective Date
April 14, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance
Region
Eastern and Southern Africa
Fiscal Year 3
2020

Commitment Amount
US$ 500.00 million
Environmental Category
N/A
Last Update Date
May 31, 2024
Closing Date
February 26, 2021

Last Stage Reached
BANK APPROVED
Parent Projects
P168566

Associated Projects
P169080

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 - Trade10%
- FY17 - Trade Logistics10%

FY17 - Environment and Natural Resource Management

FY17 - Climate change18%
- FY17 - Mitigation18%
FY17 - Energy10%
- FY17 - Energy Policies & Reform10%

FY17 - Finance

FY17 - Finance for Development10%
- FY17 - Infrastructure Finance10%
FY17 - Financial Infrastructure and Access10%
- FY17 - Credit Infrastructure10%

FY17 - Private Sector Development

FY17 - Business Enabling Environment10%
- FY17 - Investment and Business Climate10%
- FY17 - Regulation and Competition Policy10%
FY17 - ICT10%
- FY17 - ICT Policies10%
FY17 - Jobs10%
- FY17 - Job Creation10%
FY17 - Public Private Partnerships10%

FY17 - Public Sector Management

FY17 - Public Administration30%
- FY17 - State-owned Enterprise Reform and Privatization20%
- FY17 - Transparency, Accountability and Good Governance10%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	187.80
IDA Grant	312.20

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	500.00
IBRD + IDA Commitment	500.00

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

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$)
Apr 15, 2024	IDA-65640	Int Charges	662,683.30
Oct 30, 2023	IDA-67010	Int Charges	3,299.74
Oct 30, 2023	IDA-67010	Int Charges	3,299.74
Oct 30, 2023	IDA-67010	Int Charges	450,077.06
Oct 30, 2023	IDA-67010	Int Charges	450,077.06
Oct 30, 2023	IDA-65640	Int Charges	4,918.95
Oct 30, 2023	IDA-65640	Int Charges	4,918.95
Oct 30, 2023	IDA-65640	Int Charges	670,934.56
Oct 30, 2023	IDA-65640	Int Charges	670,934.56
Apr 15, 2024	IDA-65640	Int Charges	10,639.92
Apr 15, 2024	IDA-65640	Int Charges	10,639.92
Apr 15, 2024	IDA-67010	Int Charges	444,541.97
Apr 15, 2024	IDA-67010	Int Charges	444,541.97
Apr 15, 2024	IDA-67010	Int Charges	7,137.48
Oct 15, 2022	IDA-67010	Int Charges	426,181.84
Oct 15, 2022	IDA-67010	Int Charges	426,181.84
Oct 15, 2022	IDA-65640	Int Charges	17,616.04
Oct 15, 2022	IDA-65640	Int Charges	17,616.04
Oct 15, 2022	IDA-67010	Int Charges	11,817.22
Oct 15, 2022	IDA-67010	Int Charges	11,817.22
Apr 15, 2023	IDA-67010	Int Charges	15,059.75
Apr 15, 2023	IDA-67010	Int Charges	15,059.75
Apr 15, 2023	IDA-65640	Int Charges	22,449.73
Apr 15, 2023	IDA-65640	Int Charges	22,449.73
Apr 28, 2023	IDA-67010	Int Charges	443,828.75
Apr 28, 2023	IDA-67010	Int Charges	443,828.75
Apr 28, 2023	IDA-65640	Int Charges	661,620.10
Apr 28, 2023	IDA-65640	Int Charges	661,620.10
Apr 15, 2022	IDA-67010	Int Charges	2,906.26
Apr 15, 2022	IDA-67010	Int Charges	2,906.26
Apr 15, 2022	IDA-67010	Int Charges	465,939.75
Apr 15, 2022	IDA-67010	Int Charges	465,939.75
Oct 15, 2022	IDA-65640	Int Charges	635,313.70
Oct 15, 2022	IDA-65640	Int Charges	635,313.70
Oct 15, 2021	IDA-65640	Int Charges	5,496.70
Apr 16, 2021	IDA-65640	Int Charges	731,470.56
Apr 16, 2021	IDA-65640	Int Charges	731,470.56
Apr 16, 2021	IDA-67010	Int Charges	1,263.29
Oct 15, 2021	IDA-67010	Int Charges	3,680.88
Oct 15, 2021	IDA-67010	Int Charges	3,680.88
Oct 15, 2021	IDA-67010	Int Charges	480,770.44
Oct 15, 2021	IDA-67010	Int Charges	480,770.44
Apr 15, 2022	IDA-65640	Int Charges	4,332.40
Apr 15, 2022	IDA-65640	Int Charges	4,332.40
Apr 15, 2022	IDA-65640	Int Charges	694,581.20
Apr 15, 2022	IDA-65640	Int Charges	694,581.20
Jun 29, 2020	IDA-67010	Loan Disb	126,248,952.00
Jun 29, 2020	IDA-D6720	Loan Disb	126,248,952.00
Apr 17, 2020	IDA-D5740	Loan Disb	309,042,208.00
Apr 17, 2020	IDA-65640	Loan Disb	185,861,376.00
Oct 20, 2020	IDA-67010	Int Charges	284,843.47
Oct 20, 2020	IDA-67010	Int Charges	284,843.47
Oct 20, 2020	IDA-65640	Int Charges	713,039.60
Oct 20, 2020	IDA-65640	Int Charges	713,039.60
Apr 16, 2021	IDA-67010	Int Charges	1,263.29
Apr 16, 2021	IDA-67010	Int Charges	490,685.90
Apr 16, 2021	IDA-67010	Int Charges	490,685.90
Apr 16, 2021	IDA-65640	Int Charges	3,162.36
Apr 16, 2021	IDA-65640	Int Charges	3,162.36
Oct 15, 2021	IDA-65640	Int Charges	716,679.94
Oct 15, 2021	IDA-65640	Int Charges	716,679.94
Oct 15, 2021	IDA-65640	Int Charges	5,496.70
Jun 17, 2020	IDA-D6720	Loan Commitment	125,000,000.00
Jun 17, 2020	IDA-67010	Loan Commitment	125,000,000.00
Mar 19, 2020	IDA-65640	Loan Commitment	187,800,000.00
Mar 19, 2020	IDA-D5740	Loan Commitment	312,200,000.00
Apr 15, 2024	IDA-67010	Int Charges	7,137.48
Apr 15, 2024	IDA-65640	Int Charges	662,683.30

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Unsatisfactory	2024-03-04
Program Management	Moderately Unsatisfactory	2024-03-04
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2024-03-04
Monitoring and Evaluation	Moderately Satisfactory	2024-03-04

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-31-2024
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome
Bank Performance	Moderately Unsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-15-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Proportion of PPP contracts for which more than four bids are received Value 0.00 100.00 80.00
Date July 6, 2018 July 6, 2021 July 7, 2021
Comment
Percentage of CSOs registered by the Ethiopian Charities and Societies Agency under the new proclamation Value 0.00 100.00 80.00
Date June 29, 2018 June 30, 2021 June 30, 2021
Comment
Share of business activities required to obtain certificates of competence Value 100.00 1.90 10.00
Date June 29, 2018 June 30, 2021 June 30, 2021
Comment
Power sector has achieved cost recovery Value 31.00 40.00 75.00
Date June 29, 2018 June 30, 2022 June 30, 2022
Comment
Number of SoEs that have published on their website timely annual audited financial statements prepared using IFRS Value 1.00 1.00 9.00
Date June 29, 2018 June 30, 2023 June 30, 2021
Comment
Number of investment permits issued in sectors previously closed to foreign investors Value 0.00 84.00 20.00
Date December 31, 2018 December 30, 2022 December 31, 2021
Comment
Power sector losses (commercial and technical) Value 23.00 7.00 18.00
Date June 29, 2018 June 30, 2022 June 30, 2022
Comment
Credit to the private sector as a share of total credit Value 30.00 49.00 37.00
Date June 29, 2018 June 30, 2023 June 30, 2021
Comment
number of days to clear import by customs Value 13.50 6.00 10.00
Date June 29, 2018 June 30, 2021 June 30, 2021
Comment
Share of instrument at market rate in the total stock of government bonds Value 0.00 90.00 10.00
Date June 29, 2018 June 30, 2021 June 30, 2021
Comment
Power sector debt service coverage ratio Value -1.84 0.15 0.50
Date June 30, 2017 June 30, 2022 June 30, 2022
Comment
Number of days to clear export by customs Value 5.50 1.00 4.00
Date June 29, 2018 June 30, 2021 June 30, 2021
Comment
FDI in logistics sector (cumulative) Value 0.00 276000000.00 120000000.00
Date June 29, 2018 June 30, 2023 June 30, 2021
Comment
Percentage of type of license, permit, certificate or other requirements that are automated under the Electronic Single Window Value 0.00 66.60 66.00
Date June 29, 2018 June 30, 2021 June 30, 2021
Comment
Number of licensees operating in Ethiopian Telecom Sector Value 1.00 2.00 3.00
Date June 29, 2018 June 30, 2023 June 30, 2021
Comment
Price of 1GB of data per month as percent of GDP per capita Value 12.60 1.27 5.00
Date December 28, 2018 February 28, 2023 December 21, 2021
Comment
Usage of mobile money, share of age 15+ population Value 0.32 25.40 5.00
Date December 29, 2017 March 30, 2023 December 31, 2021
Comment

Proportion of PPP contracts for which more than four bids are received	Value	0.00	100.00	80.00
	Date	July 6, 2018	July 6, 2021	July 7, 2021
	Comment

Power sector has achieved cost recovery	Value	31.00	40.00	75.00
	Date	June 29, 2018	June 30, 2022	June 30, 2022
	Comment

Number of SoEs that have published on their website timely annual audited financial statements prepared using IFRS	Value	1.00	1.00	9.00
	Date	June 29, 2018	June 30, 2023	June 30, 2021
	Comment

Power sector losses (commercial and technical)	Value	23.00	7.00	18.00
	Date	June 29, 2018	June 30, 2022	June 30, 2022
	Comment

Credit to the private sector as a share of total credit	Value	30.00	49.00	37.00
	Date	June 29, 2018	June 30, 2023	June 30, 2021
	Comment

number of days to clear import by customs	Value	13.50	6.00	10.00
	Date	June 29, 2018	June 30, 2021	June 30, 2021
	Comment

Power sector debt service coverage ratio	Value	-1.84	0.15	0.50
	Date	June 30, 2017	June 30, 2022	June 30, 2022
	Comment

Number of days to clear export by customs	Value	5.50	1.00	4.00
	Date	June 29, 2018	June 30, 2021	June 30, 2021
	Comment

FDI in logistics sector (cumulative)	Value	0.00	276000000.00	120000000.00
	Date	June 29, 2018	June 30, 2023	June 30, 2021
	Comment

Price of 1GB of data per month as percent of GDP per capita	Value	12.60	1.27	5.00
	Date	December 28, 2018	February 28, 2023	December 21, 2021
	Comment

Usage of mobile money, share of age 15+ population	Value	0.32	25.40	5.00
	Date	December 29, 2017	March 30, 2023	December 31, 2021
	Comment