CAR Investment and Business Competitiveness for Employment

Abstract*

This is a US$30 million, 5-year Investment and Business Competitiveness for Employment (IBC4E) Project facilitating private investment, supporting SMEs, and youth seeking employment. This Project is structured around three complementary components, and a fourth project management plus CERC (or Contingency & Emergency Response Component) component. Technical components focus on implementing reforms that facilitate business growth and investment, provide... Show More

Development Objective

The Project will implement reforms to enable investment, improve access to credit, and support targeted SMEs and young workers.

Key Details

Project Details

Project ID
P176274
Status
Active
Team Leader
Benjamin Herzberg , Adama Ouedraogo, Mohamed-Amin Ahmed
Borrower 2
Central African Republic

Country
Central African Republic
Disclosure Date
August 12, 2021
Approval Date
(as of board presentation)
May 5, 2022
Effective Date
June 22, 2023

Total Project Cost 1
US$ 30.00 million
Implementing Agency
Ministry of Finance and Budget,Ministry of Small and Medium Enterprises and Private Sector Development
Region
Western and Central Africa
Fiscal Year 3
2022

Commitment Amount
US$ 30.00 million
Environmental Category
N/A
Last Update Date
February 24, 2024
Closing Date
March 29, 2027

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 - Environment and Natural Resource Management

FY17 - Climate change7%
- FY17 - Adaptation1%
- FY17 - Mitigation6%

FY17 - Finance

FY17 - Financial Infrastructure and Access40%
- FY17 - Credit Infrastructure27%
- FY17 - MSME Finance40%

FY17 - Human Development and Gender

FY17 - Gender70%
FY17 - Labor Market Policy and Programs56%
- FY17 - Active Labor Market Programs37%
- FY17 - Skills Development56%

FY17 - Private Sector Development

FY17 - Business Enabling Environment23%
- FY17 - Investment and Business Climate23%
FY17 - Enterprise Development70%
- FY17 - Entrepreneurship43%
- FY17 - MSME Development70%
FY17 - Jobs56%
- FY17 - Job Creation30%
- FY17 - Youth Employment37%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management21%
- FY17 - Flood and Drought Risk Management21%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Grant	30.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	30.00
IBRD + IDA Commitment	30.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	30.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 2, 2024	IDA-D9900	Loan Disb	54,732.49
May 14, 2024	IDA-D9900	Loan Disb	119,678.12
Jun 25, 2024	IDA-D9900	Loan Disb	160,296.20
May 14, 2024	IDA-D9900	Loan Disb	231,493.98
Feb 2, 2024	IDA-D9900	Loan Disb	110,705.00
Nov 6, 2023	IDA-D9900	Loan Disb	1,354,815.80
Jun 22, 2023	IDA-D9900	Loan Disb	301,080.56
May 5, 2022	IDA-D9900	Loan Commitment	30,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Project Management	Moderately Satisfactory	2024-12-24
Procurement	Satisfactory	2024-12-24
Financial Management	Moderately Satisfactory	2024-12-24
Monitoring and Evaluation	Moderately Satisfactory	2024-12-24
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2024-12-24
Progress towards achievement of PDO	Moderately Satisfactory	2024-12-24

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Investment Climate reforms implemented Value 0.00 0.00 3.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Certified apprentices with an active economic activity 6 months after the program completion Value 0.00 0.00 50.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
SME loans guaranteed by the Partial Credit Guarantee Mechanism (US$) Value 0.00 0.00 15900000.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
New contracts and transactions of participating SMEs Value 0.00 0.00 145.00
Date March 25, 2022 November 5, 2023 February 25, 2027
Comment
Investment leads impacted directly or indirectly by the project Value 0.00 0.00 15.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Of which Youth Value 0.00 0.00 50.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Of which women Value 0.00 0.00 40.00
Date August 3, 2022 November 5, 2023 March 25, 2027
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Women-owned/-led SMEs that benefit from new linkages with large firms Value 0.00 0.00 70.00
Date August 3, 2022 November 5, 2023 March 25, 2027
Comment
SMEs using the guarantee mechanism Value 0.00 0.00 200.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Reform action plans adopted Value 0.00 0.00 3.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Apprentices benefiting from training and technical assistance Value 0.00 0.00 5700.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
of which women Value 0.00 0.00 0.00
Date
Comment
of which women Value 0.00 0.00 0.00
Date
Comment
Beneficiary satisfaction with apprenticeship (%, youth and gender disaggregated) Value 0.00 0.00 80.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Of which women Value 0.00 0.00 0.00
Date
Comment
MSMEs receiving support Value 0.00 0.00 1800.00
Date March 25, 2022 November 5, 2023 March 25, 2027
Comment
Beneficiary satisfaction Value 0.00 0.00 80.00
Date
Comment

Investment Climate reforms implemented	Value	0.00	0.00	3.00
	Date	March 25, 2022	November 5, 2023	March 25, 2027
	Comment

Of which Youth	Value	0.00	0.00	50.00
	Date	March 25, 2022	November 5, 2023	March 25, 2027
	Comment

Of which women	Value	0.00	0.00	40.00
	Date	August 3, 2022	November 5, 2023	March 25, 2027
	Comment

SMEs using the guarantee mechanism	Value	0.00	0.00	200.00
	Date	March 25, 2022	November 5, 2023	March 25, 2027
	Comment

Reform action plans adopted	Value	0.00	0.00	3.00
	Date	March 25, 2022	November 5, 2023	March 25, 2027
	Comment

MSMEs receiving support	Value	0.00	0.00	1800.00
	Date	March 25, 2022	November 5, 2023	March 25, 2027
	Comment

CAR Investment and Business Competitiveness for Employment

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS