| Financier | Commitments |
|---|---|
| IDA Grant | 50.00 |
Financial and Private Sector Development Project
Abstract*
The proposed Project is a US$50 million Investment Project, with the MoF as the Borrower and primary implementing agency. It includes four components:
Component 1: Deposit Insurance Fund.
The component will fund the IDIF and finance payout automation software and public awareness campaigns, in order to reduce bank runs and improve depositor trust.
Component 2: Partial Risk-Sharing Facility (PRSF).
The component will finance a partial risk-sharing... Show More
Development Objective
The Project Development Objective is to strengthen deposit insurance, promote bank lending to MSMEs, and boost MSME integration in value chains.
Key Details
Project Details
P177722
Active
Pietro Calice , Tatiana Segal, Anita Okemini
The Government of Tajikistan
December 8, 2021
(as of board presentation)
July 10, 2023
February 15, 2024
US$ 50.00 million
The Ministry of Finance
2024
US$ 50.00 million
N/A
Moderate
September 30, 2028
Yes
BANK APPROVED
November 27, 2023
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 | N/A |
| Total Project Cost** | 50.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 10, 2023 | IDA-E2040 | Loan Commitment | 50,000,000.00 |
| Jun 3, 2024 | IDA-E2040 | Loan Disb | 500,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Satisfactory | 2024-12-04 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-12-04 |
| Project Management | Satisfactory | 2024-12-04 |
| Progress towards achievement of PDO | Satisfactory | 2024-12-04 |
| Procurement | Satisfactory | 2024-12-04 |
| Financial Management | Satisfactory | 2024-12-04 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Size of the deposit insurance fund as a share of total individual deposits in the system Value 2.56 2.56 6.50 Date July 1, 2022 October 11, 2023 September 30, 2028 Comment Number of MSMEs that receive credits from participating financing institutions under the partial risk sharing facility Value 0.00 0.00 5000.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Number of MSMEs that become accredited suppliers to large companies under the SEDP Value 0.00 0.00 30.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of Participating Financial Institutions (PFIs) under the PRSF Value 0.00 0.00 15.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Maintain an effective Backstop Framework Agreement between IDIF and MOF regarding backstop funding for IDIF Value No No Yes Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Number of beneficiary MSMEs of the SEDP’s capacity building Value 0.00 0.00 50.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Cumulative volume of MSME credits guaranteed under the PRSF Value 0.00 0.00 60000000.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Technical and financial capacity to conduct payout of insured deposits in 14 days Value No No Yes Date August 1, 2023 October 11, 2023 June 30, 2025 Comment Number of certificates received by the MSMEs under the project Value 0.00 0.00 100.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Volume of guarantees called under the PRSF (for monitoring purposes, no target) Value 0 0 Data just to be collected Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Percentage of surveyed beneficiaries stating that they have increased awareness about deposit insurance Value 0.00 0.00 20.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Volume of SEDP’s partial reimbursement grants to MSMEs Value 0.00 0.00 300000.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Percentage of beneficiaries who report that the project has established effective engagement processes for all three instruments Value 0.00 0.00 75.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Percentage of guaranteed loans (number) given to female-owned MSMEs under the project Value 0.00 0.00 50.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Number of workshops, including public events and trainings held on climate-co-benefits, including green office and digital investments Value 0.00 0.00 25.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment Amount of private co-financing mobilized Value 0.00 0.00 30000000.00 Date August 1, 2023 October 11, 2023 September 30, 2028 Comment