Annual Portfolio Review 2012(1)


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Annual Portfolio Review Presentation by Benoit Thierry, IFAD's Country Programme Manager for Nepal presented during IFAD Annual Portfolio Review December 3, 2012; 13:15-15:15 hrs; Ministry of Finance, Singha Durbar

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  • USD-SDR exchange rate of 17 Jan 2012 for pipelined loan
  • This map shows the main and most recent projects led by IFAD in the country. It can be noted that most of the projects has been implemented in the mid western and far western regions (the poorest zones), and in the hills ecological belt. IFAD financing in the PAF II project represents 3,5% of the totalbudget of the project, mainly led by the World Bank. This project is being implemented in 40 districts of the country.
  • IFAD disbursements peaked in 2011 at $7 906 000. The total amount disbursed by IFAD during 2000-2012 is $33 981 000.
  • Project Status Reports ratings are very low compared to the average in APR region. This illustrates the weaknesses of Nepal portfolio. This shows not only weak delivery and weak performance, but will impact on next PBAS. Huge effort undergoing to solve this situation.
  • Project Status Reports ratings are very low compared to the average in APR region. This illustrates the weaknesses of Nepal portfolio. This shows not only weak delivery and weak performance, but will impact on next PBAS. Huge effort undergoing to solve this situation.
  • Annual Portfolio Review 2012(1)

    1. 1. IFAD Nepal Annual Portfolio ReviewCPMT MeetingMinistry of FinanceMonday 3rd December 2012
    2. 2. Portfolio Closed Loans Active Loans• 1979 - Integrated Rural Development • 2003 - Western Uplands Poverty Project (Sagarmatha) Alleviation Project• 1981 - Small Farmer Development Project• 1982 - Command Area Development Project • 2005 - Leasehold Forestry And• 1986 - Second Small Farmer Development Livestock Programme Project• 1987 - Aquaculture Development Project • 2008 - Poverty Alleviation Fund• 1988 - Production Credit For Rural Phase II (DSF) Women Project• 1991 - Hills Leasehold Forestry And Forage Dev Project • 2010 - High-Value Agriculture• 1994 - Groundwater Irrigation & Flood Project In Hill And Mountain Areas Rehabilitation Project• 1998 - Poverty Alleviation Project In • 2013 - Kisankalagi Unnat Biu-Bijan Western Terai Karyakram (Improved Seeds for Farmers Programme)
    3. 3. Timeline - overview Integrated Rural Development Project Small Farmer Development Project Command Area Development Project Second Small Farmer Development Project Aquaculture Development Project Production Credit for Rural Women ProjectHills Leasehold Forestry and Forage Development ProjectGroundwater Irrigation and Flood Development Project Poverty Alleviation Project in Western Terai Western Uplands Poverty Alleviation Project Leasehold Forestry and Livestock Programme Poverty Alleviation Fund Phase II High Value Agriculture Project in Hill and Mountain Areas Kisankalagi Unnat Biu-Bijan Karyakram
    4. 4. IFAD working areas, main and recent projects
    5. 5. IFAD Disbursements in Nepal
    6. 6. Portfolio: Social Targetting – Active Projects
    7. 7. Portfolio beneficiaries: Planned and Actual Coverage of Rural Households - Dec 2012 Projects Households Districts Planned ActualWestern Uplands Poverty Alleviation Project(WUPAP) 11 115,000 82,180Leasehold Forestry and Livestock Programme(LFLP) 22 44,300 61,004Skill Enhancement for Employment Project(SEEP) 5 1200 1,244Pro-poor Livelihood Promotion (PPLP) 5 5000 5,183Local Livelihoods Program (LLP)High Value Agriculture Inclusive Business PilotProject (HVAP-IB) 1400 1,400High Value Agricultural Project (HVAP) 10 66,000 6,000Kisankalagi Unnat Biu-Bijan Karyakram– seeds project 6 150,000 Total 382,900 157,011
    8. 8. Annual Performance Based Ratings Project Status Reports (PSR Ratings 6 5 5 4.8 4.8 4.9 5 4.6 4.4 4 4 4 4.2 4 4.2 4.3 4Rating 3 3 3 3 3 3 2 2 1 c 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year Nepal Regional average
    9. 9. Annual Performance Based Ratings 5 PSR Ratings4.75 4.54.25 APR WUPAP 4 LFLP3.75 PAF HVAP 3.53.25 3 2009 2010 2011 2012
    10. 10. Country Programme Evaluation (CPE) Key Conclusions• Overall positive and productive presence in the country, - Relevant but overly ambitious country strategies - At times poor program design and implementation - Challenging country context – post-conflict - Country dialogue weak due to frequent staff changes and lack of resources• Need to diversify strategy, move away from “business as usual” - Two-pronged approach - Poverty reduction driven by remittances and migration - Limited resources for program management
    11. 11. CPE Main recommendationsTo be used in Agreement at Completion Point (ACP) .I. Strategic Partnership - Paradigm shift: two-pronged approach, combining “basic needs” approach with high-value agriculture development focusing on developing profitable rural enterprises rather than aid- dependent groups - Avoid geographic dilution, concentrate on fewer districts, and on road corridors for high value agriculture - Factor in the conflict dimension in IFAD strategies and programmes
    12. 12. CPE Main recommendations (cont.)II. Policy Dialogue - Strengthen the link between policy dialogue and portfolio – include policy work in project budgets - Agree with Government on joint policy dialogue agenda - Improve cooperation with local and international partners through a better-targeted grant programme
    13. 13. CPE Main recommendationsIII Operations and Program Management: - Local context and implementation support: need more resources in fragile state context. Possible sources: grants, project financing. - Class and caste-based interventions: Consider forming groups based on economic criteria, while making sure disadvantaged groups are included. - Improve measuring and communicating impact of IFAD-supported operations. - Align COSOP and PBA cycle management to avoid “last moment utilisation” of the PBA.
    14. 14. Thank You For Your Attention