Public Disclosure Authorized LATIN AMERICA AND CARIBBEAN Argentina Social Protection & Labor Global Practice IBRD/IDA Specific Investment Loan FY 2009 Seq No: 14 ARCHIVED on 16-Jun-2016 ISR23892 Implementing Agencies: Public Disclosure Authorized Key Dates Key Project Dates Bank Approval Date:09-Jun-2009 Planned Mid Term Review Date:29-Jul-2013 Original Closing Date:30-Sep-2011 Project Development Objectives Effectiveness Date:12-Jun-2009 Actual Mid-Term Review Date:30-May-2014 Revised Closing Date:30-Jun-2016 Public Disclosure Authorized Project Development Objective (from Project Appraisal Document) The project development objective is to increase the effectiveness of Argentina's income transfer programs for the unemployed and families with children and to create the preconditions for expansion of the safety net. The specific objectives are to: (a) Help the Government to protect expenditures on core income transfer programs, at a time of increasing fiscal pressures; (b) Support the expansion of the Seguro program (Employment Benefit and Training), aimed at increasing employability of unemployed and informal sector workers through temporary cash support, training, and job placement services. (c) Support the Government's strategy to reform the Family Allowances program that provides income transfers to families of lower income formal sector workers, increasing transparency and accountability, and setting the operational pre-conditions for a possible expansion of coverage in the near future. (d) Enhance the capacity of the Government to monitor poverty and social protection, through technical assistance for the design and implementation of a national Social Protection Survey and the improvement of analytical capacity. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Public Disclosure Authorized Components Name Employment Benefit and Training Program:(Cost $80.00 M) Family Allowances:(Cost $365.00 M) Technical Assistance for the Social Protection System:(Cost $5.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory 6/16/2016 Page 1 of 10
Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Low Low Implementation Status and Key Decisions This is the final ISR for the Project, and is based on the information included in the quarterly Interim Financial Reports submitted by the Project as of December 31, 2015; internal World Bank records (for disbursement history); and the results of the implementation support mission carried out April 18-22, 2016, as well as discussions held between December 2015 and March 2016. The Additional Financing Loan (8017-AR), has disbursed US$ 473,360,000, and the remaining US$6.6 million is expected to be disbursed by closing of the project on June 30, 2016. Progress towards achievement of development objectives were achieved and therefore rated satisfactory. The Project has advanced in implementation and has achieved important results, the most critical of which are: (i) the number of "Seguro" participants exiting the program to enter the formal labor force has exceeded targets for more than a year, even in a context of declining numbers of program participants; (ii) the transition of Family Allowance program payments methods from a compensatory scheme with employers to direct deposits to workers was completed ahead of schedule; and (iii) the implementation of the Universal Child Allowance program was completed successfully and the new government administration will expand its coverage. 6/16/2016 Page 2 of 10
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Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Low Low Macroeconomic -- Low Low Sector Strategies and Policies -- Low Low Technical Design of Project or Program -- Low Low Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Moderate Moderate Environment and Social -- Low Low Stakeholders -- Low Low Other -- -- -- Overall -- Low Low Results Project Development Objective Indicators 6/16/2016 Page 4 of 10
PHINDPDOTBL Seguro: Number of participants exiting the program into formal employment (Annual). (Number (Thousand), Custom) Value 8400.00 0.00 15208.00 11000.00 Date 30-May-2008 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the original end target date of September 2014. PHINDPDOTBL Seguro: Average of the monthly percentage of beneficiaries of the SCE Program receiving Employment and Training Services. (Percentage, Custom) Value 24.10 0.00 38.50 35.00 Date 04-May-2009 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the original end target date of September 2014. PHINDPDOTBL Family Allowances: Average of the monthly percentage of payments made through SUAF of the total payments made under the AF Program to salaried workers in the private sector. (Percentage, Custom) Value 57.00 -- 100.00 98.00 Date 30-May-2008 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the original end target date of September 2014. PHINDPDOTBL Number of children under 18 registered in ANSES ADP database, who are either receiving Family Allowance Benefits from ANSES or arenot receiving them due to reasons established in the legislation (Number, Custom) Value 9700000.00 -- 12320000.00 10400000.00 6/16/2016 Page 5 of 10
PHINDIRITBL PHINDIRITBL Date 31-Dec-2010 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the original end target date of September 2014. Government has re started to provide information on the evolution of this indicator. Overall Targets exceeded by the original end closing of September 2014. Government has re started to provide information on the evolution of these indicators. Intermediate Results Indicators Number of beneficiaries of Seguro. (Text, Custom) Value 78,500 94914 106,462 165,000 Date 30-May-2008 30-Jun-2015 31-Dec-2015 30-Jun-2016 Figure has increases slightly as a consequence of the opening of registration to other vulnerable populations. However, the total figure is lower than originally expected due of transfer of beneficiaries to other programs. Number of Employment Offices providing Seguro Services (Text, Custom) Value 181 400 408 370 Date 04-May-2009 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the original end target date of September 2014. 6/16/2016 Page 6 of 10
PHINDIRITBL PHINDIRITBL PHINDIRITBL Number of firms registered in SUAF (Text, Custom) Value 491,894 -- 1,193,911 792,197 Date 30-Jan-2009 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the original end target date of September 2014. Amounts claimed to ANSES for reimbursement due to negative balances in the payment of allowances through compensatory system. (Text, Custom) Value AR$2,400,000 0 0 AR$90,000 Date 30-Jan-2009 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target Exceeded. There are no more negative balances. Number of child allowance benefits paid by ANSES through SUAF (Text, Custom) Value 2,570,000 -- 2,710,000 3,700,000 Date 30-Jan-2009 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target exceeded by the end of the original closing date. The number of child allowances benefits paid depends on the number of eligible formal employees due the amount of their nominal salaries. So, the decline in current number of beneficiaries is a consequence of increases in nominal salaries while the maximum eligible salary was not updated and left more formal employees above it. Government has re started to provide information on the evolution of this indicator. 6/16/2016 Page 7 of 10
PHINDIRITBL PHINDIRITBL PHINDIRITBL Number of SUAF beneficiaries receiving their transfers directly in their bank accounts. (Text, Custom) Value 805,348 -- 1,141,395 1,821,247 Date 30-Jan-2009 30-Jun-2015 31-Dec-2015 30-Jun-2016 Below target. Although the physical number was not achieved, the underlying goal of this indicator was met, as nearly all beneficiaries receive payments through direct deposit. As in the previous indicator, the decline in the current number of beneficiaries is a consequence of increases in nominal salaries while the maximum eligible salary was not updated. Government has re started to provide information on the evolution of this indicator Social Protection Survey (Yes/No, Custom) Value N Y Y Y Date 31-Dec-2008 30-Jun-2015 31-Dec-2015 30-Jun-2016 Target met. First round was finished by the end target date of September 2014 and second round was finished by December 2015. Number of regular statistical reports on AUH prepared and published through ANSES website (Number, Custom) Value 0.00 6.00 7.00 12.00 Date 31-Dec-2010 30-Jun-2015 31-Mar-2016 30-Jun-2016 Not achieved. ANSES stopped publishing the report during almost two years. The statistical report is being published again since 2016. Overall Data on Financial Performance Disbursements (by loan) 6/16/2016 Page 8 of 10
Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P115183 IBRD-77030 Closed USD 450.00 449.99 0.01 449.99 0.00 100% P115183 IBRD-80170 Effective USD 480.00 480.00 0.00 473.36 6.64 99% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P115183 IBRD-77030 Closed 09-Jun-2009 10-Jun-2009 12-Jun-2009 30-Sep-2011 30-Sep-2014 P115183 IBRD-80170 Effective 10-Mar-2011 04-Aug-2011 26-Sep-2011 30-Sep-2014 30-Jun-2016 Cumulative Disbursements Restructuring History Level Approved on 07-Oct-2011,Level Approved on 15-Oct-2012,Level 2 Approved on 22-Aug-2014,Level 2 Approved on 07-Oct-2015 Related Project(s) 6/16/2016 Page 9 of 10
P120622-Basic Protection Project Additional Financing 6/16/2016 Page 10 of 10