Romania - Agricultural Projects

Document of The World Bank FOR OFFRCIAL USE ONLY Repot No. 8508 PROJECT COMPLETION REPORT ROMANIA ORCHARDS (LOAN 1876-RO) FOURTH LIVESTOCK (LOAN 1937-RO) MOLDOVA AGRICULTURAL CREDIT (LOAN 2077-RO) APRIL 13, 1990 Agriculture Operations Division Country Department IV Europe, Middle East and North Africa Regional Office This document has a restricted distribution and may be used by recipients only in the performance of teidr official duties. Its contents may not otherwise be disclosed without World Bank authorization.  LIST 01 ACfl0NYMS BAFI Bank for Agriculture and Food Industry ERR Economic Rate of Return GDP Gross Domestic Product ICB International Competitive Bidding MAlI Ministry for Agriculture and Food Industry PCR Project Completion Report  FOR OFFICIAL USE ONLY THE WORLD BANKI Washington. D.C. 20433 U.S.A. Opsttin Ivbjttrn April 13, 1990 MEORANDUM TO THE EXECUTIVE DIRECTORS AND THE PRESIDENT SUBJECT: Project Completion Report on Romania Orchards (Loan 1876-RO), Fourth Livestock (Loan 1937-RO); Moldova Aariculi.ral Credit (Loan 2077-RO) Attached, for information, is a copy of a repurt entitled "Project Completion Report on Romania Orchards (Loan 1876-RO); Fouirth Livestock (Loan 1937-RO); Moldova Agricultural Credit (Loan 2077-RO)" prepared by the Europe, Middle East and North Africa Regional Office. No audit of these projects has been made by the Operations Evaluation Department at this time. Attachment This document has a restricted distribution and may be used by recipients only in the perfermance of their official duties Its contents may not otherwise be disclosed without World Dank authorizon.  FOR OFFCIAL USE ONLY PIO7ECY OMPLETION REPORT RO-A Orchards (Loan 1876 -RO): Fourth Livestock (Loan 1937-0) Moldova Agricultural Credit (Loan 2077-R0) Table of Contents Page No. PREFACE BASIC DATA SHEETS EVALUATION SUMMARY i-vi I . INTRODUCTION The Agricultural Sector 1 The Bank Involvement in Agriculture 1 IT. lPROUECT PROCESS4Xj Project Identification and Preparation 2 Appraisal, Negotiations and Effectiveness 2 III. PROJECT IMPLEMENTATION The Orchards Project 3 The Fourth Livestock Project 3 The Moldova Agricultural Credit Project 4 Disbursement 5 Procurement 5 IV. AGRICULTURAL AND ECONOMIC IXPACT Performance of the Bank 5 V. CONCLUSIONS AND RECOMMENDATIONS 6 A-NXES Annex I - Project Costs, Loan Amounts, Closing Dates, Final Disbursement Dates Maps of the Project Area: IBRD - 14850, 14851, 15142 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  ORCRARDS PROJECT (UOAN 1876-10): FOURTH LIrVSTOCK PROJECT (LOAN 1937-R0): NOLDOVA AGRICULTURAL CREDIT PROJECT (2077-10) PROJECT COMPLETION RPRT This is a Project Completion Report (PCR) of three agricultural projects for which loans were made to Romania from September 1980 to August 1982 for a total amount of US$ 225.0 million. The loans were closed respectively; Loan 1876-RO, on June 30, 1986; Loan 1937-RO, on June 30, 1986 and Loan 2007-RO, on December 31, 1986. The loans were almost fully disbursed. The only exception was the Livestock loan for which a residual of US$120,000 was cancelled. The PCR was prepared by the Europe, Middle East and North Africa Regional Office. Romania suspended Bank borrowing in 1982. From May 1988 to November 1989 it paid back in advance all outstanding loan amounts including the three loans object of the present PCR. The last supervision mission to assess progress in project implementation visited Romania in November 1986. No official contacts after that date were maintained with the project executing agencies. The present PCR is a desk work exercise based in part on a review of the staff appra sal reports; the loan agreements; the economic memorandum (No. 5832-RO) dated May 6, 1986, internal Bank memoranda on project issues as contained in relevant Bank files, minutes of the Board discussions, Bank supervision reports, quarterly and annual progress reports, prepared by the borrower, as well as interviews with Bank staff who have been associated with the project. With regard to project implementation the PCR is mainly based on information contained in supervision and progress reports up to December 1986, the time of the last Bank supervision report. The three projects were the following: (i) the Orchard Project, for which Loan 1876-RO, in the amount of US$ 50.0 m. was approved on June 24, 1980; (ii) the Livestock Project for which Loan 1937-RO, in the amount of US$80.0 m. was approved on December 23,1980; and (iii) the Moldova Agricultural Credit Project for vhich Loan 2077-RO in the amount of USS 95 m. was approved on January 5, 1982.  - ii - PROJECT COMPLETION REPORT CRCHAROS PROJECT (LgAK 1876-ROt BASIC DATA SHEET KEY PROJECT DATA Actual or Actual as of Appraisal Estimated Aporalsal Isti rtte^tU Eittmates Total Project Cost (USS million) 123.9 323.9 100.0 Total Pro3ect Cost (le million) 5.829.6 5.247.2 90.0 Loan Amount (USS million) 50.0 SoO0 100.0 Oisbursed (USS million) 50.0 SO.0 100.0 Date Board Aooroval 06/24/80 Loan Agreement Date 06/30/80 Oate Effectiveness 09/30/80 09/16W80 100.0 A/ Date Physical Components Completed 12/31/87 12/31/87 100.0 A/ Closing Oate 12/31!S5 06/30/86 109.1 A/ Economic Rate of Return (M) 14 institutional Performance 0ood good Technical Performance good good STAFF INPUT ZE g