This is the seventh Annual Report of the Competitive Industries and Innovation Program (CIIP), a multi-donor partnership among the WBG; the European Union (EU); tOrganization of African, Caribbean and Pacific States (OACPS) Secretariat; and the Governments of Austria, Norway, and Switzerland. This report outlines the progress that CIIP has made in implementing the program’s objectives during its fiscal year (FY) from July 1, 2019, to June 30, 2020 (FY20).
Results and leverage
In FY20, active CIIP grants leveraged $470 million in public financing, contributing to the implementation of five sector strategies and reform programs, the development of four SME support programs, and the creation of three public-private dialogue (PPD) mechanisms. The supported interventions in turn contributed to the facilitation of $27.2 million in private investment, and the training or support of 222 SMEs.
From inception to date CIIP has helped countries to create 58 PPDs, which have informed the adoption of 16 laws and regulations, and the implementation of more than 74 strategies or priority reforms. These targeted interventions have contributed to the creation of at least 30,334 new jobs and 499 new firms, the support of 3,336 SMEs, the facilitation of $102 million in new revenues from the sale of goods and services, $78 million in additional export value, and $167 million in disbursed finance. CIIP has funded a total of 70 country and knowledge grants and its global reach now totals 60 countries (figure 1). The program has leveraged more than $3.6 billion in public financing from World Bank operations (1:99 leverage ratio of CIIP funding) and $962 million in private investment (1:27 leverage ratio).
Towards the end of FY20, active country operations and knowledge activities adjusted their implementation to respond to new demands for support in addressing the impact of COVID-19. Knowledge created through CIIP grants is actively informing the restructuring of operations and COVID-19 recovery response on tourism competitiveness, the role of green competitiveness in a resilient recovery, technology adoption and leveraging digital technologies, access to competitive and contestable markets and understanding the medium-term implications of direct government support in key sectors and topics. Half of all country operations that were active in FY20 have already reoriented their deliverables or are planning to do so to respond to the changing circumstances.