| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 18.60 |
MSME Competitiveness Project
Abstract*
This will be achieved through a set of activities that aim to: a) digitize government to business services and inspections, streamline permissive documents, and enhance national quality infrastructure to reduce the regulatory burden enterprises face (Component 1); b) increase access to finance for micro, small and medium-sized enterprises (MSMEs) through credit guarantees and enhance the capacity of the Credit Guarantee Fund (CGF) (Component 2), c)... Show More
Development Objective
The Project's Development Objective is i) to reduce the regulatory burden, increase access to finance, increase export competitiveness of Moldovan enterprises, and (ii) in case of an Eligible Crisis or Emergency, respond promptly and effectively to it.
Key Details
Project Details
P177895
Active
Graciela Miralles Murciego , Zhihua Zeng, Syed Hassan
Republic of Moldova
November 11, 2021
(as of board presentation)
June 27, 2022
November 25, 2022
US$ 155.00 million
Ministry of Economic Development and Digitalization
2022
US$ 18.60 million
N/A
Moderate
August 2, 2027
No
BANK APPROVED
November 30, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 18.60 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 18.60 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 155.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jan 15, 2024 | IBRD-94230 | Int Charges | 12,014.92 |
| Nov 7, 2023 | IBRD-94230 | Loan Disb | 106,740.00 |
| Jul 15, 2023 | IBRD-94230 | Int Charges | 2,137.99 |
| Jul 15, 2023 | IBRD-94230 | Int Charges | 24,481.13 |
| Jul 15, 2023 | IBRD-94230 | Int Charges | 157.52 |
| Jul 15, 2023 | IBRD-94230 | Int Charges | 15,630.36 |
| Jul 15, 2023 | IBRD-94230 | Int Charges | 2,295.51 |
| Dec 19, 2023 | IBRD-94230 | Loan Disb | 164,062.50 |
| Nov 29, 2022 | IBRD-94230 | Fee Charges | 45,944.78 |
| Dec 8, 2022 | IBRD-94230 | Loan Disb | 105,080.00 |
| Jul 28, 2023 | IBRD-94230 | Loan Disb | 10,444,300.00 |
| Jun 27, 2022 | IBRD-94230 | Loan Commitment | 18,600,000.00 |
| Jun 27, 2022 | IDA-71740 | Loan Commitment | 31,400,000.00 |
| Jul 15, 2024 | IBRD-94230 | Int Charges | 10,646.94 |
| Jul 15, 2024 | IBRD-94230 | Int Charges | 567.51 |
| May 13, 2024 | IDA-71740 | Loan Disb | 492,638.22 |
| Jul 15, 2024 | IBRD-94230 | Int Charges | 10,646.94 |
| Jul 15, 2024 | IBRD-94230 | Int Charges | 30.23 |
| Jan 15, 2024 | IBRD-94230 | Int Charges | 30.33 |
| Jan 15, 2024 | IBRD-94230 | Int Charges | 244,252.75 |
| Jul 15, 2024 | IBRD-94230 | Int Charges | 256,107.34 |
| Nov 27, 2023 | IDA-71740 | Loan Disb | 219,080.00 |
| Jul 15, 2023 | IDA-71740 | Int Charges | 259.46 |
| Jul 15, 2023 | IDA-71740 | Int Charges | 259.46 |
| Jul 15, 2023 | IDA-71740 | Int Charges | 169.52 |
| Jul 15, 2023 | IDA-71740 | Int Charges | 1,940.14 |
| Jul 15, 2023 | IDA-71740 | Int Charges | 1,940.14 |
| Jul 15, 2023 | IDA-71740 | Int Charges | 1,027.94 |
| Jun 14, 2023 | IDA-71740 | Loan Disb | 216,140.00 |
| Mar 21, 2023 | IDA-71740 | Loan Disb | 215,260.00 |
| Dec 8, 2022 | IDA-71740 | Loan Disb | 315,240.00 |
| May 29, 2024 | IDA-71740 | Loan Disb | 138,299.25 |
| Feb 16, 2024 | IDA-71740 | Loan Disb | 538,900.00 |
| Jan 15, 2024 | IDA-71740 | Int Charges | 233.75 |
| Jan 15, 2024 | IDA-71740 | Int Charges | 3,092.10 |
| Jan 15, 2024 | IDA-71740 | Int Charges | 3,092.10 |
| Jan 15, 2024 | IDA-71740 | Int Charges | 1,658.22 |
| Jan 22, 2024 | IDA-71740 | Loan Disb | 435,600.00 |
| Apr 22, 2024 | IDA-71740 | Loan Disb | 443,475.70 |
| Mar 8, 2024 | IDA-71740 | Loan Disb | 656,040.00 |
| Apr 11, 2024 | IDA-71740 | Loan Disb | 751,100.00 |
| Aug 6, 2024 | IDA-71740 | Loan Disb | 622,046.30 |
| Jul 15, 2024 | IDA-71740 | Int Charges | 360.76 |
| Jul 15, 2024 | IDA-71740 | Int Charges | 11,738.59 |
| Jul 15, 2024 | IDA-71740 | Int Charges | 11,738.59 |
| Jul 15, 2024 | IDA-71740 | Int Charges | 7,448.82 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2025-01-23 |
| Financial Management | Satisfactory | 2025-01-23 |
| Overall Implementation Progress (IP) | Satisfactory | 2025-01-23 |
| Progress towards achievement of PDO | Satisfactory | 2025-01-23 |
| Project Management | Satisfactory | 2025-01-23 |
| Monitoring and Evaluation | 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 |
|---|
Total volume of loans guaranteed by CGF under the Project (cumulative) Value 0.00 0.00 100000000.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Reduction in compliance costs for businesses in meeting regulatory requirements (cumulative) Value 2000000.00 0.00 8000000.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Value of exports generated by MSMEs supported by Project activities (cumulative) Value 0.00 0.00 175000000.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Percentage of MGF recipients that are engaged in a new export-oriented activity Value 0.00 18.00 55.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Share of medium and long term lending (>24 months) guaranteed by CGF under the Project Value 0.00 0.00 0.00 Date Comment Beneficiaries reached with financial services Value 0.00 0.00 900.00 Date December 31, 2021 November 30, 2023 June 30, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of the inspection agencies progressing on their key performance indicators Value 10.00 25.00 50.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Number of jobs created Value 0.00 0.00 3000.00 Date December 31, 2021 November 30, 2023 June 30, 2027 Comment Establishment of export readiness and supplier development (local linkages) programs for MSMEs Value No No Yes Date January 31, 2022 November 30, 2023 July 31, 2023 Comment Upgrading the e-Inspection system to enable risk-based inspections and automation of inspection visit reports Value No No Yes Date January 31, 2022 November 30, 2023 June 30, 2026 Comment Share of female-owned/female-managed MSMEs supported by CGF under the Project Value 0.00 0.00 30.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Number of MSMEs benefiting from export readiness, supplier development or export missions programs Value 0.00 55.00 750.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Digitization of G2B services Value 78.00 85.00 105.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Number of MSMEs benefiting from export missions Value 0.00 57.00 240.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Increase in the online application rate by business for getting business permits through the electronic One-Stop-Shop Value 50.00 51.00 60.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Number of MSMEs benefiting from export readiness program Value 0.00 0.00 450.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Number of accredited NQI services provided by local testing laboratories available to firms increased by 50 Value 0.00 0.00 50.00 Date December 31, 2021 November 30, 2023 June 30, 2027 Comment Number of MSMEs benefiting from supplier development program Value 0.00 0.00 60.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Cumulative number of MSMEs receiving Matching Grants Value 0.00 17.00 320.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment New accredited calibration laboratories available to firms (cumulative) Value 3.00 3.00 0.00 Date Comment Percentage of participants reporting satisfied or very satisfied with workshops Value 0.00 88.00 90.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Percentage of MGF beneficiaries satisfied with engagement Value 0.00 0.00 70.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Share of Matching Grants beneficiaries that are female—owned/female-managed Value 0.00 24.00 36.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment Number of roundtables / training sessions (face-to-face, virtual) on climate change Value 0.00 2.00 11.00 Date January 31, 2022 November 30, 2023 June 30, 2027 Comment