2022 ANNUAL MILESTONE TARGETS AND PERFORMANCE SCALES FOR LEVELS 3 AND 4 RMF LEVEL 3: How well CDB manages its Operations? Grouping/Indicator BMC’s Milestone Targets & Performance Scales 2022 Baseline Target 2019 (2024) On track Watch Off Track Operational Processes and Practices, and Portfolio Performance 1.Portfolio performance rating for implementation (% rated Highly Satisfactory to Satisfactory) 97 90 ≥80 72-80 <72 2. Complete projects with timely PCR (%) 97 95 ≥85 70-85 ≤75 3. Projects at risk (% of Portfolio) 15 8 <10 10-15 >15 4.Average time taken from appraisal mission to first disbursement (months) 12 6 ≤8 8-10 >10 5. Projects under implementation with extensions (revised final disbursement date) (%) 62 55 ≤50 50-65 ≥65 6. Average length of project extension (months) 36 25 ≤28 29-35 >35 TBD TBD TBD 55-70 <55 Quality of Operations and Development Outcomes 7-10. Quality of loans and grants appraised Resource Allocation and Utilisation 11. Concessional resources allocated according to performance-based allocation system (%) 98 ≥80 >70 12.Disbursement ratio 13 14 >11 8-11 <8 13.Disbursement (efficiency) rate 142 85 >80 70-80 <70 78 ≥80 >70 55-70 <55 15.Approved country strategies in use with results frameworks (Number) 8 19 >12 8-12 <8 16a. Approved projects with a gender mainstreamed rating (as a % of total projects) 70 90 >80 65-80 <65 >4 2-4 <2 Selectivity and Strategic Focus 14.Financing directed to less developed BMCs (%, three-year average) 16b. Approved projects with rated as gender specific (as a % of total projects) - 10 16c. Projects implemented under the Gender Action Plan that achieved expected gender outputs (%) - 80 >60 45-60 <45 17. Projects with climate-informed design or CVRA 65 90 >80 75-80 <75 18. Approvals supporting (as a % of total financing): (a) Social resilience - ≥25 ≥20 8-10 <10 (b) Environmental resilience - ≥25 ≥20 8-10 <10 (c) Production resilience - ≥30 ≥25 20-25 <20 Financial resilience - Institutional resilience ≥18 - ≥1 >15 8-15 <8 >0.5 0.2-0.5 <0.2 Caribbean Development Bank Development Effectiveness Review 2022 119