| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 65.30 |
BiH Firm Recovery and Support Project
Abstract*
In order to respond to this unprecedented crisis that has hit the most vulnerable hardest, and in light of uncertainties that lie ahead, this project aims to increase external financing support to MSMEs including underserved segments of the economy while helping firms adjust to the new normal through adoption of technology and digitalization. The project focuses on the provision of financing to MSMEs that are hit hard by the crisis, or are in the... Show More
Development Objective
The Project Development Objective is to support the recovery of micro, small and medium enterprises (MSMEs) affected by COVID-19 through improved access to long term financing and to refocus government programs to support MSMEs’ resilience in the aftermath of COVID-19.
Key Details
Project Details
P174604
Closed
Jane Hwang , Ruvejda Aliefendic
Bosnia and Herzegovina
Bosnia and Herzegovina
August 6, 2020
(as of board presentation)
December 11, 2020
September 20, 2021
US$ 65.30 million
RS Investment Development Bank,Federation BiH Development Bank
2021
US$ 65.30 million
N/A
Moderate
December 31, 2024
Yes
BANK APPROVED
April 11, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 65.30 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 65.30 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 65.30 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Feb 15, 2023 | IBRD-91830 | Int Charges | 67,581.57 |
| Aug 15, 2024 | IBRD-91830 | Int Charges | 49,236.75 |
| Feb 15, 2023 | IBRD-91830 | Loan Disb | -1,017,545.00 |
| May 17, 2023 | IBRD-91830 | Loan Disb | 5,415,000.00 |
| Sep 14, 2022 | IBRD-91830 | Loan Disb | 950,760.00 |
| Jul 18, 2024 | IBRD-91830 | Loan Disb | 1,876,536.40 |
| Feb 15, 2024 | IBRD-91830 | Int Charges | 59,225.99 |
| Feb 15, 2024 | IBRD-91830 | Int Charges | 18,249.92 |
| Apr 4, 2024 | IBRD-91830 | Loan Disb | 1,918,768.20 |
| Aug 15, 2024 | IBRD-91830 | Loan Disb | -4,838,419.00 |
| Feb 15, 2024 | IBRD-91830 | Loan Disb | -1,177,119.80 |
| May 31, 2024 | IBRD-91830 | Loan Disb | 988,598.00 |
| Oct 20, 2023 | IBRD-91830 | Loan Disb | 1,160,563.80 |
| Feb 15, 2023 | IBRD-91830 | Int Charges | 6,790.41 |
| Aug 15, 2023 | IBRD-91830 | Int Charges | 20,047.48 |
| Aug 15, 2023 | IBRD-91830 | Int Charges | 48,894.66 |
| Feb 15, 2023 | IBRD-91830 | Int Charges | 47,897.45 |
| Aug 15, 2023 | IBRD-91830 | Loan Disb | 5,909,827.00 |
| Feb 15, 2024 | IBRD-91830 | Int Charges | 120,698.38 |
| Feb 15, 2024 | IBRD-91830 | Int Charges | 19,684.46 |
| Feb 15, 2024 | IBRD-91830 | Int Charges | 48,009.24 |
| Feb 15, 2024 | IBRD-91830 | Loan Disb | 1,177,119.80 |
| Aug 15, 2024 | IBRD-91830 | Loan Disb | 4,838,419.00 |
| Aug 15, 2024 | IBRD-91830 | Int Charges | 22,333.52 |
| Aug 15, 2024 | IBRD-91830 | Int Charges | 123,784.42 |
| Feb 15, 2023 | IBRD-91830 | Loan Disb | 1,017,545.00 |
| Feb 15, 2022 | IBRD-91830 | Loan Disb | 5,831,844.00 |
| Aug 15, 2022 | IBRD-91830 | Int Charges | 45,630.25 |
| Dec 11, 2020 | IBRD-91830 | Loan Commitment | 65,300,000.00 |
| Aug 15, 2022 | IBRD-91830 | Int Charges | 64,338.74 |
| Feb 15, 2022 | IBRD-91830 | Loan Disb | -5,831,844.00 |
| Dec 10, 2021 | IBRD-91830 | Loan Disb | 5,634,000.00 |
| Feb 15, 2022 | IBRD-91830 | Int Charges | 133,014.58 |
| Feb 15, 2022 | IBRD-91830 | Int Charges | 3,027.00 |
| Sep 20, 2021 | IBRD-91830 | Loan Disb | 163,989.00 |
| Sep 20, 2021 | IBRD-91830 | Fee Charges | 163,989.00 |
| Aug 15, 2024 | IBRD-91830 | Int Charges | 56,767.76 |
| Aug 15, 2024 | IBRD-91830 | Int Charges | 43,547.09 |
| May 22, 2023 | IBRD-91830 | Loan Disb | 438,291.00 |
| Aug 15, 2023 | IBRD-91830 | Loan Disb | -5,909,827.00 |
| Aug 15, 2023 | IBRD-91830 | Int Charges | 64,025.94 |
| Aug 15, 2023 | IBRD-91830 | Int Charges | 57,380.94 |
| Aug 15, 2024 | IBRD-91830 | Int Charges | 20,187.75 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Unsatisfactory | 2024-12-17 |
| Procurement | Satisfactory | 2024-12-17 |
| Overall Implementation Progress (IP) | Moderately Unsatisfactory | 2024-12-17 |
| Project Management | Moderately Unsatisfactory | 2024-12-17 |
| Financial Management | Satisfactory | 2024-12-17 |
| Monitoring and Evaluation | Satisfactory | 2024-12-17 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Ratio of weighted average change in operating results [Value Added] of the MSMEs financed under the Project, over the average change of operating results [Value Added] in their respective sector Value 1 Not Achieved Yet >1 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment a) for all MSMEs financed under the project Value 1 Not Achieved Yet >1 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment b) for all micro and small enterprises financed under the project Value 1 Not Achieved Yet >1 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Number of MSMEs that have implemented measures to adapt to COVID-19 environment with support of govt programs Value 0.00 304.00 50.00 Date July 14, 2020 September 18, 2023 December 31, 2024 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of firms financed under the Project (cumulative) Value 0.00 30.00 240.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Monitoring and evaluation mechanism established Value No New M&E Rulebook adopted in RS. New M&E procedure Yes Date July 14, 2020 March 15, 2024 June 28, 2024 Comment Volume of credit line disbursed under the Project (cumulative, EUR million) (Number) Value 0.00 3.63 51.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment New annual action plan/firm incentive program adopted including programs promoting technology and digital adoption Value No Yes Yes Date July 14, 2020 March 15, 2024 June 28, 2024 Comment Number of firms financed in vulnerable segments (women inclusive, young firms and lagging regions) through PFIs (cumulative) Value 0.00 17.00 60.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Number of women-inclusive firms financed through PFIs (cumulative) Value 0.00 10.00 30.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Number of jobs preserved/created by MSMEs (women-inclusive MSMEs) Value 0.00 56.00 0.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Portfolio Quality: Portfolio at risk (%) Value 0.00 0.00 7.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Financial Sustainability: Return on Assets (%) Value 1.20 0.00 0.00 Date March 31, 2020 March 15, 2024 December 31, 2024 Comment Financial Sustainability: Return on Equity (%) Value 9.60 0.00 0.00 Date March 31, 2020 March 15, 2024 December 31, 2024 Comment Citizen engagement: Share of beneficiaries that report that the project has established effective engagement processes. (Percentage) Value 0.00 0.00 80.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment Citizen engagement: Firms that report Project sub-finance reflected their needs (%) Value 0.00 0.00 90.00 Date September 30, 2020 March 15, 2024 December 31, 2024 Comment