| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 200.00 |
Innovation Program for Smart Growth (PINCRI)
Development Objective
The project development objective is to increase innovation-led sustainable growth by strengthening the national innovation system and facilitating access to capital.
Key Details
Project Details
P175143
Active
Maria Kim , Alejandro Espinosa-Wang
Argentine Republic
October 19, 2021
(as of board presentation)
July 21, 2022
December 2, 2022
US$ 280.00 million
Agencia Nacional de Promocion de la Investigacion, el Desarrollo Tecnologico y la Innovacion
2023
US$ 200.00 million
N/A
Moderate
August 30, 2028
Yes
BANK APPROVED
February 8, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 200.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 200.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 280.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 21, 2022 | IBRD-94340 | Loan Commitment | 200,000,000.00 |
| Dec 21, 2022 | IBRD-94340 | Loan Disb | 40,000,000.00 |
| Jan 15, 2024 | IBRD-94340 | Int Charges | 183,673.20 |
| Jan 15, 2024 | IBRD-94340 | Int Charges | 1,465,207.20 |
| Jul 15, 2024 | IBRD-94340 | Int Charges | 8,669.04 |
| Jul 15, 2024 | IBRD-94340 | Int Charges | 1,471,733.10 |
| Jul 15, 2024 | IBRD-94340 | Int Charges | 8,669.04 |
| Jul 15, 2024 | IBRD-94340 | Int Charges | 189,616.48 |
| Jul 15, 2023 | IBRD-94340 | Int Charges | 20,756.85 |
| Jul 15, 2023 | IBRD-94340 | Int Charges | 163,677.28 |
| Jul 15, 2023 | IBRD-94340 | Int Charges | 197,736.30 |
| Jul 15, 2023 | IBRD-94340 | Int Charges | 442,763.53 |
| Jul 15, 2023 | IBRD-94340 | Int Charges | 811,735.60 |
| Jan 15, 2024 | IBRD-94340 | Int Charges | 17,298.71 |
| Dec 2, 2022 | IBRD-94340 | Loan Disb | 500,000.00 |
| Dec 2, 2022 | IBRD-94340 | Fee Charges | 500,000.00 |
| Jan 15, 2024 | IBRD-94340 | Int Charges | 17,298.71 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-11-12 |
| Procurement | Satisfactory | 2024-11-12 |
| Project Management | Satisfactory | 2024-11-12 |
| Financial Management | Satisfactory | 2024-11-12 |
| Monitoring and Evaluation | Satisfactory | 2024-11-12 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-12 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Beneficiaries (percentage of firms, labs and/or research consortia supported by the project) that developed new/improved products/protocols/services Value 0.00 0.00 40.00 Date July 7, 2022 December 7, 2023 July 7, 2027 Comment Private capital mobilized for entrepreneurial and innovation financing Value 0.00 0.00 80000000.00 Date September 30, 2022 December 7, 2023 September 30, 2027 Comment Of which were projects that contribute to climate change adaptation and/or mitigation impacts Value 0.00 0.00 0.00 Date Comment Number of technology-based start-ups registered and/or strengthened Value 0.00 0.00 100.00 Date July 7, 2022 December 7, 2023 July 31, 2027 Comment Of which were owned or run by women Value 0.00 0.00 0.00 Date Comment Of which were projects that contribute to climate change adaptation and/or mitigation impacts Value 0.00 0.00 0.00 Date Comment Of which were formally registered as new start-ups Value 0.00 0.00 0.00 Date Comment Increased growth in average annual revenue within beneficiary firms Value 0.00 0.00 18.00 Date October 31, 2022 December 7, 2023 August 31, 2027 Comment Increased growth in average annual revenue within beneficiary firms owned or run by women Value 0.00 0.00 18.00 Date September 30, 2022 December 7, 2023 September 30, 2027 Comment Of which were projects that contribute to climate change adaptation and/or mitigation impacts Value 0.00 0.00 10.00 Date September 30, 2022 December 7, 2023 October 28, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of consortia receiving grants through the project Value 0.00 0.00 20.00 Date July 29, 2022 December 7, 2023 July 30, 2027 Comment Number of upgraded research laboratories, technology centers, advisory networks enhanced Value 0.00 0.00 20.00 Date July 29, 2022 December 7, 2023 July 30, 2027 Comment Percentage of innovative products and processes developed and/or adopted by the private sector that contributes to climate mitigation Value 0.00 0.00 50.00 Date July 29, 2022 December 7, 2023 July 30, 2027 Comment Number of grassroots entrepreneurs certified by Techlabs for Grassroots innovation Value 0.00 0.00 750.00 Date July 7, 2022 December 7, 2023 July 30, 2027 Comment Percentage of beneficiaries satisfied with the Agency's activities during the preparation of the project Value 0.00 0.00 70.00 Date July 29, 2022 December 7, 2023 July 30, 2027 Comment Number of beneficiaries accessing private equity financing as a result of project support Value 0.00 0.00 100.00 Date August 31, 2022 December 7, 2023 October 28, 2027 Comment Of which provided services and/or activities that contribute to the impacts of climate change adaptation/mitigation Value 0.00 0.00 0.00 Date Comment Regulatory bodies with enhanced capabilities Value 0.00 0.00 5.00 Date July 29, 2022 December 7, 2023 July 30, 2027 Comment Of which are women Value 0.00 0.00 0.00 Date Comment Percentage of women beneficiaries satisfied with the Agency's activities during the preparation of the project Value 0.00 0.00 0.00 Date Comment Number of business environment regulations proposed Value 0.00 0.00 6.00 Date July 7, 2022 December 7, 2023 July 30, 2027 Comment Of which supported government initiatives contributing to climate change adaptation and/or mitigation impacts Value 0.00 0.00 0.00 Date Comment