Romania - Second Livestock Project

DMocumnI or The World Bank FOR OMCIAL USE ONLY Rep.rt No. 571 PROJECT COMPLETION REPORT ROMTANIA LIVESTOCK II (PIGS) PROJECT LOAN 1669-RO June 17, 1985 Projects Department Europe, Middle East and North Africa Regional Office doumen ha. a Xruiicud dIstrImom and my be used by recients ondy is the perfomance of Ltekr fcin duide. ts couta omb net othoewise be dilksed witho Wedd Bok authoerimtio  ABBREVIATIONS BAFI - Bank for Agriculture and Food Industry CAP - Agricultural Production Cooperative COMTDM - Combinat for Pig Production and Processing IAS - State Agricultural Enterprise ICB - International Competitive Bidding IPSC&TA - Irstitute for Projects and Studies for Construction in Agriculture and Food Industry MAFm - Ministry of Agriculture and Food Industry MIC - Meat Industrialization Center MIT - Meat Industrialization Trust ROMAGRIMEX - Romanian Foreign Trade Company for Agriculture  FOR OFFIIAL USE ONLY PROJECT COMPLETION REPORT ROMANIA - LIVESTOCK II (PIGS) PROJECT (Loaa 1669-RO) TABLE OF CONTENTS Page No. Preface . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . .i Basic Data Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . Highlights.------------------------------ v I. BACKGROUND . . . . . . . . . . . . . . . . . . . . . . . . . . . L II. PROJECT FORMULATION . . . . . . . . . . . . . . . . . . . . . . . I Project Description and Objectives . . . . . . . . . . . . . . . 2 III. PROJECT IMPEE ION . . . . . . . . . . . . . . . . . . . . . 2 IV. OPERATING PERFORMANCE . . . . . . . . . . . . . . . . . - 5 Adequacy of Project Facilities . . . . . . . . . . . . . . . . . 7 Adequacy of Pig Breeds . . . . . . . . . . . . . . . . . . . . . 8 Bio-Economic and Production Efficiency Parameters . . . . . . . . 9 Envronu3mental Effects . . . . . . . . . . . . . . . . . . . . . 10 Financial Results . . . . . . . . . . . . . . . . . . . . . . . . 11 Level of Investments . . . . . . . . . . . . . . . . . . . . . . 12 Jobs Created . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Economic Performance. . . . . . . . . . . . . . . . . 12 V. INSTITUTIONAL PERFORMANCE .1.3............... . .. The Borr .13 The Bank.14 VI. MAIN LESSONS .15 TABLES 1-9 ANNEX I Comments Received from the Borrower MAP IBRD 18784(PCR) IThis document has a resricted dismbution and may be used by recipients only in the performance of their offcial duties its contents may not otherwic be dislosed without World Bank authonzation.  PROJECT COMPLETION REPORT ROMANIA - LIVESTOCK II (PIGS) PROJECT (Loan 1669-RO) Preface This is the Project Completion Report (PCR) of the Livestock II (Pigs) Project in Romania, for which Loan 1669-RO in the amount of US$75.0 million was approved on March 20, 1979. It was fully disbursed, except for US$467,603 which was cancelled due to misprocurement_ Final disbursement took place on December 27, 1983, and the Loan was closed as scheduled on June 30, 1984. This PCR was prepared by the Europe, Middle East and North Africa Region following a mission to Romania in November 1984 and is based on a detailed project completion report of high quality prepared by the Borrower (Bank for Agriculture and Food Industry - BAFI), a review of the Staff Appraisal Report (No. 2279a-RO), the President's Report (No. P-2480-RO), the Loan and Guarantee Agreements dated April 16, 1979, the Memorandum of Agreement between the Caisse Nationale de Credit Agricole and IBRD dated August 23, 1979, the Multicurrency Loan Agreement between BAFI and Caisse Nationale de Credit Agricole, dated August 2, 1979, the Cattle and Sheep Subsector Survey (No. 3174-RO); relevant Bank files, including correspondence with the Borrower, internal Bank memoranda and Bank supervision reports; quarterly progress reports prepared by the Borrower; as well as interviews with investors and officials both in the Bank and Romania, who have been associated with the Project. Since this Pigs II Project had similar objectives and implementation issues as the Pigs I Project (Loan 1479-RO), which were analyzed in-depth by the Operations Evaluation Department's (OED) Project Performance Audit Report (No. 5282) issued on October 9. 1984, it was decided that this abbreviated PCR would be sufficient to evaluate the performance of the Pigs II Project. A copy of the draft report was sent to the Borrower on March 29, 1985. Comments received from the Bank for Agriculture and Food Industry are in Annex I. This project has not been subjected to an audit by OED.  I-,, Is : e a I P~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~i~. :  an- mmie empLafm mmarr -L1 1___aw ! Emit Dora Deeat apeM.i X