3 08/12/2011 Satisfactory Satisfactory 41.00 4 05/02/2012 Satisfactory Satisfactory 42.51 5 09/22/2012 Satisfactory Satisfactory 44.54 6 02/09/2013 Satisfactory Satisfactory 48.54 7 08/17/2013 Satisfactory Moderately Satisfactory 52.38 8 01/07/2014 Satisfactory Satisfactory 60.52 9 06/12/2014 Satisfactory Satisfactory 62.38 10 11/30/2014 Moderately Satisfactory Moderately Satisfactory 67.31 11 06/23/2015 Moderately Satisfactory Moderately Satisfactory 72.00 12 07/14/2015 Moderately Satisfactory Moderately Satisfactory 72.50 13 10/13/2015 Moderately Satisfactory Satisfactory 73.48 14 05/16/2016 Moderately Satisfactory Moderately Satisfactory 77.26 15 11/02/2016 Moderately Satisfactory Moderately Satisfactory 79.73 16 12/13/2016 Satisfactory Moderately Satisfactory 79.73 H. Restructuring (if any) Amount ISR Ratings at Board Disbursed at Restructuring Restructuring Reason for Restructuring & Approved Restructuring Date(s) Key Changes Made PDO Change in USD DO IP millions Given implementation arrangements were not working as originally expected and ISDEM was not able to implement Component 2 due to limited managerial capacity, a Level 01/08/2013 S S 48.54 2 restructuring was requested to make changes to the implementation arrangements, results framework and reallocation of resources among disbursement categories. A Level 2 restructuring was requested to make further modifications to the results framework. More specifically, changes 07/29/2014 N S S 62.69 were made to: (i) clarify what will be measured and how; (ii) ensure consistency between the English
3 08/12/2011 Satisfactory Satisfactory 41.00 4 05/02/2012 Satisfactory Satisfactory 42.51 5 09/22/2012 Satisfactory Satisfactory 44.54 6 02/09/2013 Satisfactory Satisfactory 48.54 7 08/17/2013 Satisfactory Moderately Satisfactory 52.38 8 01/07/2014 Satisfactory Satisfactory 60.52 9 06/12/2014 Satisfactory Satisfactory 62.38 10 11/30/2014 Moderately Satisfactory Moderately Satisfactory 67.31 11 06/23/2015 Moderately Satisfactory Moderately Satisfactory 72.00 12 07/14/2015 Moderately Satisfactory Moderately Satisfactory 72.50 13 10/13/2015 Moderately Satisfactory Satisfactory 73.48 14 05/16/2016 Moderately Satisfactory Moderately Satisfactory 77.26 15 11/02/2016 Moderately Satisfactory Moderately Satisfactory 79.73 16 12/13/2016 Satisfactory Moderately Satisfactory 79.73 H. Restructuring (if any) Restructuring Date(s) Board Approved PDO Change ISR Ratings at Restructuring Amount Disbursed at Restructuring in USD millions Reason for Restructuring & Key Changes Made DO IP 01/08/2013 S S 48.54 Given implementation arrangements were not working as originally expected and ISDEM was not able to implement Component 2 due to limited managerial capacity, a Level 2 restructuring was requested to make changes to the implementation arrangements, results framework and reallocation of resources among disbursement categories. 07/29/2014 N S S 62.69 A Level 2 restructuring was requested to make further modifications to the results framework. More specifically, changes were made to: (i) clarify what will be measured and how; (ii) ensure consistency between the English
El-Salvador-Loval-Government-Strengthening-Project-ICR-06272017.docx