Europe 2020 Programmatic Trust funds - World...

March 2017

EUROPE 2020

PROGRAMMATIC

TRUST FUNDS

PATRIZIA POGGI, PROGRAM MANAGER, ECCBX

1

5 EU TARGETS

FOR 2020

Employment

75% of the 20-64 year-olds to be

employed

R&D

3% of the EU's GDP to be invested in

R&D

Fighting poverty and social exclusion

At least 20 million fewer people in or at risk of poverty and

social exclusion

Education

- Reducting the rates of early shool leaving

below 10%

- At least 40% of 30-34 year-olds

completing third level education

Climate Change & Energy

- GHG emissions 20% lower than 1990

- 20% of energy from renewables

- 20% increase in energy efficiency

INTRODUCTION

The European Commission and the World Bank share a common objective of building competitive and sustainable

economies and reducing poverty and social exclusion – goals of both the Europe 2020 Agenda as well as of the WBG

Strategy for shared prosperity and poverty reduction.

In 2012, the Europe 2020 Programmatic Trust Fund was set up to allow the European Commission to avail itself of

the Bank’s technical assistance and analytical and policy work for the purpose of pursuing the goals of Europe 2020.

Over the last three years, over 17 million USD have been channeled through this Programmatic Trust Fund. All figures

in this document refer to the active Trust Funds of the portfolio.

Europe 2020

Smart Growth: Developing an

economy based on knowledge and

innovation.

Sustainable Growth: Promoting a more resource efficient, greener and more

competitive economy.

Inclusive Growth: Fostering a high-

employment economy delivering social and territorial cohesion.

3

TF GEOGRAPHICAL ALLOCATION

4

TIMELINE

(DATE WHEN THE ADMINISTRATION AGREEMENT IS SIGNED – END DISBURSEMENT DATE)

5

• TF072367

• Signed on 10/02/2015 End Disbursement Date 31/12/2017

• Progress reports due by 10/08/2015, 10/02/2016, 10/08/2016, 10/02/2017, 10/08/2017

• Final report due before 30/12/2017

• GP: GPVDR

• Countries: Bulgaria, Croatia, Hungary, Latvia

• EU2020 Pillar: Inclusive Growth

• Activities: This Trust Fund finances the completion of a set of poverty maps for each of the EU Members States whichacceded to the EU in or after 2004 (not including Cyprus nor Malta). These maps provide estimates of poverty for smallsub-national geographical areas and can help guide allocations of European Structural Funds (which support the EU'sRegional Policy). The Trust Fund also finances activities to explore refinements to the risk of poverty measurement thatincorporate sub-national differences in the cots of living.

POVERTY MAPPING II

• TF072371

• Signed on 10/06/2015 End Disbursement Date 30/05/2016 -- CLOSED• Progress report due by 10/12/2015


• GP: GGODR

• Countries: Cyprus

• EU2020 Pillar: Sustainable Growth

• Activities: Trust-funded activities assist the Government of Cyprus in developing standard government-widemethodologies that facilitate the implementation of guidelines for public investment management. Activities includedeveloping a methodology manual for project identification and appraisal, a project appraisal methodology, a reportingtemplate for project appraisal and a methodology for project prioritization and selection, as well as preparing an analysison the value for money assessment for PPPs and assisting Cypriot services to develop a discount rate for capital projects.

CYPRUS PUBLIC INVESTMENT MANAGEMENT

• TF072372


• Progress reports due by 04/03/2016, 04/06/2016, 04/09/2016, 04/12/2016, 04/03/2017, 04/06/2017


• GP: GSPDR

• Countries: Greece


• Activities: Through this Trust Fund, the Bank provides technical assistance to support the Government of Greece inundertaking a Social Welfare Review to increase the effectiveness and efficiency of the Greek social protection system.Activities include the evaluation of the targeting and administrative efficiency of the social welfare system as well as of itseffectiveness in terms of coverage of the poor by cash benefits, adequacy in term of cash benefits, duplication orfragmentation of benefits and labour supply effects and interactions of the tax and benefits system.

GREECE SOCIAL WELFARE REVIEW

DESCRIPTION OF THE TRUST FUNDS

€300,000

€195,000

€700,000

6

• TF072399


• Progress reports due by 20/04/2016, 20/10/2016, 20/04/2017


• GP: GSPDR

• Countries: Bulgaria, Croatia, Greece, Lithuania, Poland, Romania


• Activities: Trust-funded activities support the European Commission in analysing labour market and social inclusionpolicies and informing EC and EU Member States' labour market activation and social inclusion policies on the basis ofdetailed profiles or portraits of individuals with no or limited labour-market attachment and the identification of groupsof individuals who are potential clients of income support and employment support policies.

PORTRAITS OF LABOR MARKET EXCLUSION II

• TF072400


• Progress reports due by: 05/12/2015, 05/06/2016, 05/12/2016, 05/06/2017, 05/12/2017, 05/06/2018, 05/12/2018

• Final report: due before 31/06/2019

• GP: GTIDR

• Countries: Bulgaria, Croatia, Greece, Italy, Netherland, Portugal, Slovenia, Spain

• EU2020 Pillar: Smart Growth• Activities: In the framework of this Trust Fund, the Bank provides technical assistance to facilitate the efficient flow of

private and public investments into broadband connectivity projects to a selected number of EU communities wishing toapply for funding to construct broadband networks. Activities include extensive research and consultations on the goalsof the Connect Europe Facility and related "Connected Communities" proposals, broadband strategy, etc. as well astechnical assistance to individual projects and horizontal activities.

BROADBAND CONNECTIVITY

• TF072459


• Progress reports: 15/01/2016, 15/07/2016, 15/01/2017


• GP: GMFDR



• Activities: Through this Trust Fund, the Bank provides technical assistance to support the Aid Program for the TurkishCypriot community (TCc) implemented by the European Commission to foster economic integration and convergencewithin Cyprus in view of its reunification. Activities will aim at filling knowledge gaps of macroeconomic developments inthe TCc, conducting economic analysis on selected economic sectors or thematic areas that will support the TCccounterparts in developing a reform agenda for these areas and enhancing local understanding of constraints impedingdevelopment and reforms.

ECONOMIC ANALYSIS PROGRAM FOR GROWTH & SUSTAINABLE DEVELOPMENT IN THE

TURKISH CYPRIOT COMMUNITY

€427,500

€900,000

€1,750,000

7

• TF072513


• Progress reports due by 04/03/2016, 04/06/2016, 04/09/2016, 04/12/2016, 04/03/2017, 04/06/2017, 04/09/2017, 04/12/2017, 04/03/2018, 04/06/2018, 04/09/2018, 04/12/2018


• GP: GTCDR


• EU2020 Pillar: Smart Growth

• Activities: In the framework of this Trust Fund, the Bank provides technical assistance to support the GreekGovernment in undertaking reforms that improve the Greek business environment, with a particular focus on theregulatory system for investment licensing (IL). Activities include a review of licensing regulations and the developmentof technical requirements in select priority sectors (additional to those covered under the TF "Investment Licensing") toensure consistency with the recently adopted IL Law and related legislation, as well as support to the roll-out andimplementation of the new licensing system in one or two pilot regulatory areas.

INVESTMENT LICENSING II

• TF072466


• Progress reports: 15/03/2016, 15/09/2016, 15/03/2017


• GP: GGODR

• Countries: EU 28


• Activities: This Trust Fund finances activities to assist the European Commission in identifying and developingactionable governance indicators that measure EU Member States' administrative capacity to implement cohesionprogrammes at national and regional level. Activities include developing indicators of strengh and quality of publicmanagement systems as well as citizen-focused governance indicators and regulatory governance indicators.

GOVERNANCE INDICATORS

• TF072514


• Progress reports due by 04/03/2016, 04/06/2016, 04/09/2016, 04/12/2016, 04/03/2017, 04/06/2017, 04/09/2017


• GP: GTCDR



• Activities: The Bank provides, in the framework of the Trust Fund, technical assistance with the goal of assisting andsupporting the Government of Greece in undertaking reforms that improve the Greek business environment, with aparticular focus on the regulatory system for investment licensing (IL). Activities include inter alia a review of the IL Lawwhere legislation is not clear as requested by the Greek government, the completion of a preliminary inventory oflicences, an action plan and overview of other licensing regimes in other countries and the review of the first set oflicenses in priority areas and robust recommendations on the type of revision required.

INVESTMENT LICENSING

€1,000,000

€1,200,000

€600,000

8

• TF072558


• Progress reports: 28/08/2016, 28/02/2017, 28/08/2017, 28/02/2018, 28/08/2018


• GP: DEC

• Countries: Bulgaria, Czech Republic, Hungary, Portugal, Romania, Slovakia, Croatia


• Activities: The Trust Fund finances activities to assist the European Commission in measuring the business environmentfor SMEs at the regional level in seven EU Member States and highlighting differences in regulation, gaps in theimplementation of national laws and the efficiency of local public administrations. Activities include carrying out micro-level data collection and indicator production on five subnational Doing Business indicator datasets, carrying outconsultations with government authorities to invite them to participate in key stages of project implementation,preparation of reports and dissemination of results.

SUB-NATIONAL DOING BUSINESS €2,905,000

• TF072592


• Progress reports: 17/12/2016


• GP: GSURR

• Countries: Poland


• Activities: Trust-funded activities support the European Commission's Lagging Behind Region Initiative in two pilotregions in Poland. Under this Initiative, the stakeholders identify relevant actions addressing structural reforms in thesetwo regions with a view to multiplying them to the whole of Poland. The Bank provides assistance to regional authoritiesto identify and improve implementation in certain activities, such as activating entrepreneurship in deprived areas,identifying ways to improve conditions for starting a business in the region and other actions regarding cooperationbetween science and business as well as strengthening vocational training.

LAGGING REGIONS

• TF072624


• Progress reports: 09/11/2016, 09/02/2017, 09/05/2017, 09/08/2017


• GP: GFMDR



• Activities: In the framework of this Trust Fund, the Bank provides technical assistance to support the Government ofGreece in the development of a National Risk Assessment (NRA) on Money Laundering and Terrorism Financing risks.The NRA identifies risks, vulnerabilities, mitigating factors and provides for concrete actions. Activities include providingguidance on launching the NRA process, helping to prepare and carry out several workshops for the NRA Working Group,providing remote technical assistance and support to the Working Group in the preparation of the draft reports and therisk based action plans.

GREECE NATIONAL RISK ASSESSMENT MONEY LAUNDERING

€1,000,000

€150,000

9

• TF072637




• GP: GSPDR



• Activities: The Bank provides, in the framework of the Trust Fund, technical assistance to the Greek Ministry of Labor,Social Insurance and Social Solidarity in the design and implementation of the Roll Out of the Guaranteed MinimumIncome (GMI) / Social Solidarity Income. The technical assistance will focus on the key elements of the GMIimplementation, including support to the definition of the design parameters of the program and key businessprocesses, the Management Information System, the training and communication strategies and the monitoring andevaluation strategy.

GREECE GMI ROLLOUT €1,800,000

• TF072666


• Progress reports: 18/11/2016, 18/02/2017, 18/05/2017, 18/08/2017, 18/11/2017


• GP: GSURR



• Activities: In the framework of this Trust Fund, the Bank provides technical assistance to support the Greek Governmentin its efforts to modernize and complete the Greek Cadaster by 2020 and establish joint cadaster - property registryoffices. Activities include preparing the requirements specification of a customized Project Management InformationSystem, providing management expert advisory services, preparing a quality assurance framework, preparing a roadmapto a modern land administration system by 2020 and a risk management framework, among others. The Bank alsosupports the Greek Government by presenting feasible options for a functioning and effective National Spatial DataInfrastructure (NSDI).

GREECE CADASTER

• TF072640




• GP: GFMDR

• Countries: Slovenia


• Activities: The Trust Fund finances activities to assist the Bank of Slovenia to undertake reforms which seek to improvethe stability and efficiency of the country's banking system through the restructuring of the large volume of non-performing loans (NPL) associated with the small and medium-sized enterprise (SME) sector. Activities includedeveloping a toolkit for the SME NPL segmentation exercise, developing a handbook for SME NPL restructuring andpresenting both the toolkit and the handbook at a workshop for the banking community, which will be organised by theBank of Slovenia and the Banking Association.

SLOVENIA SME NPL

€1,500,000

€100,000

10

• TF072686




• GP: GFMDR

• Countries: Romania


• Activities: In the framework of this Trust Fund, the Bank provides technical assistance to improve the supervisorycapacity of the Romanian Financial Supervisory Authority. The Bank's TA will focus on (i) consolidating the supervision ofthe capital market sector, namely the off-site supervision (both conduct and prudential) and on-site supervision of theinvestment firms and asset managers, based on EU best practices; and (ii) enhancing the regulatory framework, namelythe legislation on alternative investment funds.

ROMANIA NON-BANK SECTOR REGULATOR €320,000

• TF072770




• GP: GTIDR



• Activities: The Trust Fund finances technical assistance to provide the Government of Cyprus with additional elementsand instructions for the practical application of a manual recently developed by the Bank, the "Manual for Pre-Selectionand Appraisal of Public Investment Projects" in transport and public building projects. This Manual was one of theoutputs of the activities financed under another Europe 2020 TF (TF072371 - Cyprus Public Investment Management).The Bank will provide tailor-made methodologies taking into account the specific characteristics of the country in orderto calculate the basic variables for assessing both land transport and public building projects.

CYPRUS IMPLEMENTATION OF PUBLIC AND PPP INVESTMENT PROJECTS IN TRANSPORT AND

BUILDINGS €400,000

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