| Financier | Commitments |
|---|---|
| Asian Infrastructure Investment Bank | 50.00 |
| IDA Grant | 25.00 |
| IDA Credit | 25.00 |
Emergency Support for MSMEs Project
Abstract*
The Kyrgyz economy faces an unprecedented challenge stemming from the COVID-19 crisis with a simultaneous shock to demand through a decline in consumer willingness and ability to spend and to supply through disruptions to supply chains and labor markets. The crisis will have both an immediate and medium-term impact on the private sector, and, in turn, on the financial sector. Small and medium enterprises (SMEs) face an imminent threat in their ability... Show More
Development Objective
The Project Development Objective is to support MSMEs in response to and during the recovery from the COVID-19 crisis.
Key Details
Project Details
P174028
Active
Emiko Todoroki , Tatiana Segal
The Kyrgyz Republic
June 23, 2020
(as of board presentation)
July 30, 2020
March 31, 2021
US$ 100.00 million
The Ministry of Finance ( Kyrgyz Republic),State Guarantee Fund
2021
US$ 100.00 million
N/A
Moderate
June 30, 2027
Yes
BANK APPROVED
June 21, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 50.00 |
| IBRD + IDA Commitment | 50.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 50.00 |
| Total Project Cost** | 100.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 15, 2023 | IDA-67580 | Int Charges | 1,643.70 |
| Jun 29, 2021 | IDA-D7060 | Loan Disb | 250,000.00 |
| Dec 15, 2023 | IDA-67580 | Int Charges | 89,619.40 |
| Dec 15, 2023 | IDA-67580 | Int Charges | 1,643.70 |
| Aug 13, 2024 | IDA-70940 | Loan Disb | 2,530,000.00 |
| Jun 15, 2024 | IDA-67580 | Int Charges | 2,113.57 |
| Jun 15, 2024 | IDA-67580 | Int Charges | 2,113.57 |
| Feb 6, 2024 | IDA-70940 | Loan Disb | 2,530,000.00 |
| Jun 15, 2024 | IDA-70940 | Int Charges | 5,061.68 |
| Jun 15, 2024 | IDA-70940 | Int Charges | 5,061.68 |
| Jun 15, 2024 | IDA-70940 | Int Charges | 67,436.94 |
| Jun 15, 2024 | IDA-70940 | Int Charges | 67,436.94 |
| Jun 15, 2024 | IDA-67580 | Int Charges | 90,096.69 |
| Jun 15, 2024 | IDA-67580 | Int Charges | 90,096.69 |
| Jul 13, 2022 | IDA-67580 | Loan Disb | 3,000,000.00 |
| Feb 2, 2023 | IDA-67580 | Loan Disb | 13,351,867.00 |
| Dec 15, 2022 | IDA-67580 | Int Charges | 19,036.01 |
| Dec 15, 2022 | IDA-67580 | Int Charges | 19,036.01 |
| Apr 18, 2023 | IDA-67580 | Loan Disb | 2,312,183.00 |
| Jun 15, 2023 | IDA-67580 | Int Charges | 2,294.99 |
| Jun 15, 2023 | IDA-67580 | Int Charges | 2,294.99 |
| Jun 15, 2023 | IDA-67580 | Int Charges | 70,996.66 |
| Jun 15, 2023 | IDA-67580 | Int Charges | 70,996.66 |
| Nov 30, 2023 | IDA-70940 | Loan Disb | 16,390,000.00 |
| Jun 15, 2022 | IDA-67580 | Int Charges | 3,117.75 |
| Jun 15, 2022 | IDA-67580 | Int Charges | 3,117.75 |
| Jun 15, 2022 | IDA-67580 | Int Charges | 10,588.61 |
| Jun 15, 2022 | IDA-67580 | Int Charges | 10,588.61 |
| Oct 22, 2021 | IDA-67580 | Loan Disb | 3,000,000.00 |
| Nov 22, 2022 | IDA-67580 | Loan Disb | 3,000,000.00 |
| Dec 15, 2022 | IDA-67580 | Int Charges | 355.89 |
| Dec 15, 2022 | IDA-67580 | Int Charges | 355.89 |
| Jul 30, 2020 | IDA-67580 | Loan Commitment | 25,000,000.00 |
| Jul 30, 2020 | IDA-D7060 | Loan Commitment | 25,000,000.00 |
| Apr 29, 2022 | IDA-70940 | Loan Commitment | 25,000,000.00 |
| Apr 29, 2022 | IDA-E0260 | Loan Commitment | 25,000,000.00 |
| Aug 21, 2023 | IDA-D7060 | Loan Disb | 223,467.34 |
| May 26, 2023 | IDA-D7060 | Loan Disb | 213,772.48 |
| Nov 27, 2023 | IDA-D7060 | Loan Disb | 235,236.77 |
| Dec 6, 2023 | IDA-D7060 | Loan Disb | 222,275.88 |
| Jun 13, 2023 | IDA-E0260 | Loan Disb | 13,560,000.00 |
| Jul 19, 2024 | IDA-D7060 | Loan Disb | 194,181.39 |
| Apr 1, 2024 | IDA-D7060 | Loan Disb | 186,689.77 |
| Oct 5, 2023 | IDA-E0260 | Loan Disb | 8,000,010.00 |
| May 20, 2024 | IDA-D7060 | Loan Disb | 197,384.92 |
| Jan 26, 2024 | IDA-D7060 | Loan Disb | 196,552.77 |
| Jul 14, 2022 | IDA-D7060 | Loan Disb | 246,787.38 |
| Jun 28, 2022 | IDA-D7060 | Loan Disb | 4,799,302.50 |
| May 9, 2022 | IDA-D7060 | Loan Disb | 2,468,000.00 |
| Dec 20, 2022 | IDA-D7060 | Loan Disb | 90,000.00 |
| Sep 26, 2022 | IDA-D7060 | Loan Disb | 214,237.30 |
| Oct 25, 2022 | IDA-D7060 | Loan Disb | 210,907.94 |
| Jan 10, 2023 | IDA-D7060 | Loan Disb | 2,033,122.50 |
| Nov 7, 2022 | IDA-D7060 | Loan Disb | 1,768,034.50 |
| Dec 1, 2022 | IDA-D7060 | Loan Disb | 3,910,000.00 |
| Sep 28, 2022 | IDA-D7060 | Loan Disb | 2,062,730.60 |
| Mar 8, 2023 | IDA-D7060 | Loan Disb | 221,200.31 |
| Jan 31, 2023 | IDA-D7060 | Loan Disb | 233,981.48 |
| Jun 16, 2023 | IDA-D7060 | Loan Disb | 236,960.83 |
| Sep 13, 2021 | IDA-D7060 | Loan Disb | 3,903,570.00 |
| Dec 15, 2023 | IDA-67580 | Int Charges | 89,619.40 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Satisfactory | 2025-01-23 |
| Project Management | Highly Satisfactory | 2025-01-23 |
| Progress towards achievement of PDO | Highly Satisfactory | 2025-01-23 |
| Procurement | Satisfactory | 2025-01-23 |
| Financial Management | Satisfactory | 2025-01-23 |
| Overall Implementation Progress (IP) | Highly Satisfactory | 2025-01-23 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of MSMEs that survived the COVID-19 crisis out of those MSMEs that received the RFA (greater than or equal to). Value 0.00 100.00 65.00 Date June 12, 2023 June 21, 2024 June 30, 2027 Comment Share of MSMEs that survived the COVID-19 crisis out of those MSMEs that benefited from the Portfolio Risk Sharing Facility (greater than or equal to) Value 0.00 100.00 85.00 Date July 31, 2020 June 21, 2024 June 30, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of MSMEs that received RFA under the project. Value 0.00 9954.00 11000.00 Date July 31, 2020 May 31, 2024 June 30, 2027 Comment Number of MSMEs that benefited from the PRSF. Value 0.00 4.67 7500.00 Date July 31, 2020 June 15, 2024 June 30, 2027 Comment Share of beneficiaries that report that the project has established effective engagement processes. Value 0.00 100.00 75.00 Date July 31, 2020 December 31, 2023 June 30, 2027 Comment Number of jobs retained. Value 0.00 11989.00 12000.00 Date July 31, 2020 May 31, 2024 June 30, 2027 Comment Accumulated volume of MSME credits guaranteed under the PRSF. Value 0.00 43977552.00 80000000.00 Date July 31, 2020 June 15, 2024 June 30, 2027 Comment Number of disbursement administrators/financial institutions participating in the RFA and/or PRSF. Value 0.00 20.00 10.00 Date July 31, 2020 June 15, 2024 June 30, 2027 Comment Number of female headed MSMEs that received RFA. Value 0.00 5749.00 4400.00 Date July 31, 2020 May 31, 2024 June 30, 2027 Comment Number of female headed MSMEs that benefited from the PRSF. Value 0.00 1483.00 3000.00 Date July 31, 2020 June 15, 2024 June 30, 2027 Comment Average annual revenue growth rate of MSMEs beneficiaries Value 4.50 11.08 4.00 Date February 18, 2022 December 31, 2023 June 30, 2027 Comment Leverage of financing for the PRSF Value 0.00 1.00 2.00 Date July 31, 2020 December 31, 2023 June 30, 2027 Comment Average annual employment growth rate of MSMEs beneficiaries Value 4.00 11.32 3.50 Date February 18, 2022 December 31, 2023 June 30, 2027 Comment Volume of guarantees called under the PRSF (for monitoring purposes, no target). Value N/A Three claims paid for the total of USD 14,869 N/A Date July 31, 2020 June 15, 2024 June 30, 2027 Comment