The World Bank Report No: ISR15533 Implementation Status & Results OECS Countries Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project (P103470) Public Disclosure Copy Operation Name: Sustainable Financing & Management of Eastern Caribbean Project Stage: Implementation Seq.No: 7 Status: ARCHIVED Archive Date: 05-Jul-2014 Marine Ecosystem Project (P103470) Country: OECS Countries Approval FY: 2012 Product Line: Global Environment Project Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 04-Aug-2011 Original Closing Date 31-Dec-2016 Planned Mid Term Review Date 15-Sep-2014 Last Archived ISR Date 10-May-2014 Effectiveness Date 18-Nov-2011 Revised Closing Date 31-Dec-2016 Actual Mid Term Review Date Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) To contribute to enhancing the long-term sustainability of Protected Area networks in the Participating Countries by: (i) establishing sustainable financing mechanisms; (ii) strengthening of the Marine Protected Area networks; and (iii) deploying a regional monitoring and information system for the Protected Area networks. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component 1: Establishment of sustainable financing mechanisms 7.60 Component 2: Strengthening and phased expansion of Marine Protected Area Networks 0.25 Component 3: Deployment of a regional monitoring and information system 0.34 Component 4: Project management and coordination 0.56 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of GEO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Substantial Moderate Implementation Status Overview The project grant agreement was signed on Sept 6, 2011. The project was declared effective on November 18, 2011. A Specimen signature has been received and disbursement to follow. Page 1 of 6 The World Bank Report No: ISR15533 Locations No Location data has been entered Public Disclosure Copy Results Global Environmental Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target 1. Caribbean Biodiversity Fund (CBF) is Amount(USD) Value 0.00 20000000.00 15000000.00 operational with a Board, a Secretariat, an Date 04-Aug-2011 30-Jan-2014 30-Dec-2016 asset manager, a work program and has an Comments CBF is yet to be established CBF is legally established and Target has been met and endowment of US$15 million for the Participating Countries to generate inco operational and has an exceeded (06/2014)- currently endowment of US$20 million the endowment stands at approximately US$ 29.6 million. 2. The national level trust funds (NPATFs) Amount(USD) Value 0.00 0.00 3.00 provide recurrent financing per year for 3 of the Date 04-Aug-2011 18-Jun-2014 30-Dec-2016 5 participating countries Comments NPATFs are not yet NPTAFs are not yet Recurrent financing provided established so no recurrent established so no recurrent in 3 countries financing financing 4. At least two demonstration sites generate Number Value 0.00 0.00 2.00 useful MPA management information and Date 04-Aug-2011 18-Jun-2013 30-Dec-2016 lessons for other Project Participating Comments demonstration site concept Countries and for increased dissemination to MPA managers in the Caribbean re has been done in Grenada only and recruitment is underway to get a consultant to assist with implementation. St. Lucia is working on its demonstration site plan. 5. A region-wide, open access, web-based Text Value Various databases exist but User friendly PA data and monitoring system for effective PA not a single one with all reports are available for Public Disclosure Copy management is operational and the outputs are relevant indicators natural resource managers. availableto natural resources managers at the Date 04-Aug-2011 08-Jun-2012 30-Dec-2016 national and regional levels Comments A consultant has been selected to assess and pilot the web based system in the countries Intermediate Results Indicators Page 2 of 6 The World Bank Report No: ISR15533 Indicator Name Core Unit of Measure Baseline Current End Target 1.1 The CBF is established with a governance Text Value 0 CBF established along with a structure and operating rules Secretariat, an Asset Public Disclosure Copy Manager and operating rules and by-laws. Date 04-Aug-2011 18-Jun-2014 30-Jan-2014 Comments CBF is yet to be established CBF is established with a This is established governance structure and operating rules 1.2 The CBF is generating investment income Text Value 0 Investment income from the for disbursement to NPATFs CBF capital is available for disbursement Date 04-Aug-2011 18-Jun-2014 31-Dec-2014 Comments There is no investment There is investment income This target is met. There is income from the CBF from the CBF of US$886,000 disbursement capital available that is available to NPATFs for disbursement (4.7% interest rate) 1.3 Sustainable financing mechanisms and/or a Amount(USD) Value 0.00 0.00 770000.00 financial complement provide resources for Date 04-Aug-2011 10-Apr-2014 30-Dec-2016 long term management and use of PAs in each Comments No mechanism expected till No mechanism/complement By year 5 at least 3 NPATFs participating country. Target Value: By year 5 at least 3 NPATFs r year 5 expected till year 5 receiving funds from the CBF (as a result of match) Core Indicator Amount(USD) Value 0.00 0.00 3.00 Sub Type Supplemental 1.4 National sustainable financing plans Number Value 2.00 2.00 3.00 completed in all participating countries and Date 04-Aug-2011 18-Jun-2014 30-Dec-2016 adopted by at least three Governments. Comments National Sustainable National sustainable financing Financing Plans are plans are completed in 2 completed in 2 countries but countries but not yet adopted Public Disclosure Copy not yet adopted 1.5 a financial complement to generate Number Value 0.00 0.00 2.00 additional resources to at least complement the Date 04-Aug-2011 10-Apr-2014 30-Dec-2016 investment income from the endowment funds Comments No financing complement No financing complement By the end of year 5, financial for the country established established mechanisms and/or a financial complement provide additional resources to complement the CBF investment in 2 countries. Page 3 of 6 The World Bank Report No: ISR15533 2.2 Demonstration of good management Number Value 0.00 0.00 2.00 practices for MPA are implemented in at least Date 04-Aug-2011 18-Jun-2014 30-Dec-2016 two MPAs Comments Demonstration sites do not Selection is underway for a Public Disclosure Copy have activities firm to do the water quality improvement plan and baseline testing in Grenada. St Lucia is delayed 2.3 Lessons learned from the two Text Value None Lessons are widely shared demonstration sites are disseminated through within the region workshops, publications and websites among Date 04-Aug-2011 18-Jun-2014 30-Dec-2016 the MPA managers and policy makers in the Comments Site interventions are yet to Site interventions not yet Project Participating Countries be implemented implemented 3.1 Relevant biodiversity; ecological, economic, Text Value None Regional monitoring and and social indicators for effective management information system is of PA network in the Participating Countries are operational identified and begin to be monitored Date 04-Aug-2011 18-Jun-2014 31-Dec-2015 Comments various indicators exist in Identified and selected different databases but not through a stakeholder process consistently monitored 3.2 A standardized, web-based information Text Value None Databases created in all of system for housing the data collected is the Participating Countries established and made accessible to users in and is accessible to users the region through an electronic portal Date 04-Aug-2011 18-Jun-2014 30-Dec-2016 Comments Not yet inplace Work is underway to establish the data platform in 2 countries Natural resource managers and other key Text Value None User friendly PA data and stakeholders apply the regional monitoring and reports are available for information system outputs to the decision makers managementof PA network Date 04-Aug-2011 18-Jun-2014 30-Dec-2016 Public Disclosure Copy Comments The regional monitoring Consultancies related to this By the end of the project system outputs are yet to be piece of work are ongoing. generated The geonode webbase is being developed 4.1 Project staff, including at the national and Text Value Regional level personnel exist All staff is in place All personnel are hired to regional levels, are in place and functioning at with sufficient capacity but carry out Project activities at all times during the Project withsufficient capacity needs to be regional and national level capacity to carry out all Project activities strengthened at the national level Date 04-Aug-2011 18-Jun-2014 31-Dec-2013 Page 4 of 6 The World Bank Report No: ISR15533 Comments Staff is all in place:January 2013 (National coordinators) and CBF staff by January 2014. Public Disclosure Copy 4.2 Quarterly operational and financial status Text Value None Operational anf financial reports prepared and submitted to the bank reports submitted to the Bank Date 04-Aug-2011 18-Jun-2014 30-Mar-2012 Comments Status reports are yet to be Reports are being filed on First Quarterly report prepared time expected Data on Financial Performance (as of 16-Jun-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P103470 TF-10220 Effective 06-Sep-2011 06-Sep-2011 18-Nov-2011 31-Dec-2016 31-Dec-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P103470 TF-10220 Effective USD 8.75 8.75 0.00 7.55 1.20 86.00 Disbursement Graph Public Disclosure Copy Page 5 of 6 The World Bank Report No: ISR15533 Key Decisions Regarding Implementation The project grant agreement was signed on Sept 6, 2011 and became effective on November 18, 2011. Public Disclosure Copy Restructuring History Level 2 CD Decision on 27-Mar-2014 Related Projects There are no related projects. Public Disclosure Copy Page 6 of 6