Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Resilience Program (P155542) Pacific Resilience Program (P155542) EAST ASIA AND PACIFIC | Pacific Islands | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 6 | ARCHIVED on 04-Apr-2018 | ISR31698 | Implementing Agencies: Pacific Islands Forum Secretariat, Pacific Islands Forum Secretariat Key Dates Key Project Dates Bank Approval Date:19-Jun-2015 Effectiveness Date:19-Nov-2015 Planned Mid Term Review Date:31-Oct-2018 Actual Mid-Term Review Date:-- Original Closing Date:30-Nov-2020 Revised Closing Date:30-Nov-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) To strengthen early warning, resilient investments and financial protection of participating countries. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Strengthening Early Warning and Preparedness Component 2: Mainstreaming Risk Reduction and Resilient Investments Component 3: Disaster Risk Financing:(Cost $0.80 M) Component 4: Project and Program Management:(Cost $1.42 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial 4/4/2018 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Resilience Program (P155542) Implementation Status and Key Decisions Many of the activities agreed for action by the Pacific Island Forum Secretariat are progressing. However, the unsuccessful outcome in the process for recruiting a Disaster Risk Financing Specialist, has led to a change in the way such support will be provided to the Pacific Resilience Program (PREP) countries and Pacific Islands more broadly. This includes the Pacific Islands Forum Secretariat unit synthesizing the range of instruments that have been developed in the past 2-3 years to inform decision-making on disaster and climate risk financing within the countries. With these steps, overall project objectives remain achievable. The Mid-Term Review will likely be postponed about six months to allow more time for implementation to catch up. The next implementation support mission is planned for early June 2018. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Moderate  Moderate Macroeconomic  Moderate  Moderate  Moderate Sector Strategies and Policies  Substantial  Substantial  Substantial Technical Design of Project or Program  Substantial  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Substantial  Substantial  Substantial Environment and Social  Low  Low  Low Stakeholders  Moderate  Moderate  Moderate Other  Substantial  Moderate  Moderate Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 62,000.00 62,000.00 62,000.00 135,000.00 Date 19-Jun-2015 01-May-2017 21-Mar-2018 30-Nov-2020 4/4/2018 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Resilience Program (P155542) PHINDPDOTBL  Female beneficiaries (as a subset of the total number of beneficiaries) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 24,800.00 24,800.00 24,800.00 54,000.00 Date 19-Jun-2015 11-Nov-2016 21-Mar-2018 30-Nov-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL  Percentage of updated risk exposure data for PREP countries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 06-Aug-2015 11-Nov-2016 21-Mar-2018 30-Nov-2020 PHINDIRITBL  Concept of Mutual Insurance Fund/Facility developed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 06-Aug-2015 11-Nov-2016 21-Mar-2018 30-Nov-2017 Overall Comments Data on Financial Performance Disbursements (by loan) 4/4/2018 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Resilience Program (P155542) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P155542 IDA-D0750 Effective USD 1.32 1.32 0.00 0.26 1.19 18% P155542 TF-A0887 Effective USD 0.90 0.90 0.00 0.12 0.78 13% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155542 IDA-D0750 Effective 19-Jun-2015 21-Oct-2015 19-Nov-2015 30-Nov-2020 30-Nov-2020 P155542 TF-A0887 Effective 19-Jun-2015 21-Oct-2015 19-Nov-2015 30-Nov-2020 30-Nov-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) 4/4/2018 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Resilience Program (P155542) P156335-PACIFIC RESILIENCE PROGRAM 4/4/2018 Page 5 of 5 Public Disclosure Copy