The World Bank Report No: ISR14582 Implementation Status & Results Brazil Pernambuco Rural Economic Inclusion (P120139) Public Disclosure Copy Operation Name: Pernambuco Rural Economic Inclusion (P120139) Project Stage: Implementation Seq.No: 6 Status: ARCHIVED Archive Date: 15-Aug-2014 Country: Brazil Approval FY: 2012 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): SEDAR Key Dates Board Approval Date 06-Mar-2012 Original Closing Date 31-Jan-2019 Planned Mid Term Review Date 06-Jul-2015 Last Archived ISR Date 19-Feb-2014 Effectiveness Date 23-Jul-2012 Revised Closing Date 31-Jan-2019 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to promote rural business initiatives and expansion of rural access to water and other complementary infrastructure by supporting the Borrower’s Results Management Framework. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Investments in Rural Economic Inclusion 109.70 Complementary Rural Infrastructure 51.50 Project Management, Supervision, Monitoring and Evaluation 13.20 Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview The Pernambuco Rural Economic Inclusion Project was approved by the Bank's Board of Directors on March 6, 2012. Over its six-year horizon, the Project is expected to reach 10,500 organized rural producers with Business Plan development assistance and investment resources, which would be leveraged toward additional partnerships (both financial and technical) from the private sector, financial institutions, technical service providers and other public and private institutions. At present, some twenty Business Plans (toward an overall goal of 150 Business Plans) are under development in value chains such as beekeeping, small ruminants (e.g., goats and sheep), cashews and horticulture, and over 3500 households are currently being connected to potable water (out of an intermediary target of 1250). Page 1 of 4 The World Bank Report No: ISR14582 Locations No Location data has been entered Public Disclosure Copy Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Participating RPOs successfully inserted into Text Value 0 20 150 approved Business Plans LPAs. Date 25-Apr-2012 01-Jul-2014 31-Jul-2018 Comments The 20 Business Plans cut across beekeeping, small ruminants (goats and sheep); beans; and manioc. Financial analysis is being addressed. Increased net revenue for participating RPOs. Percentage Value 0.00 0.00 25.00 Date 25-Apr-2012 01-Jul-2014 31-Jul-2018 Comments This indicator will be measured at defined intervals following the implementation of approved Business Plans. Number of people in rural areas provided with Number Value 0.00 3540.00 15000.00 access to Improved Water Sources under the Date 01-Jul-2014 31-Jul-2018 project Comments Some 200 community water investments are under analysis, which would benefit some 5,000 households. Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Public Disclosure Copy RPOs charging user fees for management and Percentage Value 0.00 0.00 100.00 maintenance of financed water supply projects. Date 25-Apr-2012 01-Jul-2014 31-Jul-2018 Comments As yet, no water supply projects have started the process of O&M to verify this indicator. 118 RPOs are implemented. Page 2 of 4 The World Bank Report No: ISR14582 Participating rural producers, including 30% Number Value 0.00 650.00 10500.00 women. Date 25-Apr-2012 01-Jul-2014 31-Jul-2018 Comments 64% are women Public Disclosure Copy Satisfactory water quality for beneficiary rural Number Value 0.00 0.00 100.00 households. Date 25-Apr-2012 01-Jul-2014 31-Jul-2018 Comments As yet, no water supply projects have started the process of O&M to verify this indicator. 118 RPOs are implemented. Processing time required to complete Text Value Processing time of initial 0% 20% reduction subproject cycle. round of Business Plans Date 30-Aug-2012 01-Jul-2014 31-Jul-2018 Comments First Cycle of Business Plan being measured currently with the initial business plans as baseline. Data on Financial Performance (as of 30-May-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P120139 IBRD-81350 Effective 06-Mar-2012 18-Jun-2012 23-Jul-2012 31-Jan-2019 31-Jan-2019 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P120139 IBRD-81350 Effective USD 100.00 100.00 0.00 10.76 89.24 11.00 Disbursement Graph Public Disclosure Copy Page 3 of 4 The World Bank Report No: ISR14582 Public Disclosure Copy Key Decisions Regarding Implementation Next supervision mission planned for October 2014. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4