Public Disclosure Copy The World Bank Implementation Status & Results Report Caribbean Regional Oceanscape Project (P159653) Caribbean Regional Oceanscape Project (P159653) LATIN AMERICA AND CARIBBEAN | OECS Countries | Environment & Natural Resources Global Practice | Global Environment Project | Investment Project Financing | FY 2018 | Seq No: 2 | ARCHIVED on 28-Jun-2018 | ISR32971 | Implementing Agencies: The World Bank, OECS Council, OECS Key Dates Key Project Dates Bank Approval Date:25-Sep-2017 Effectiveness Date:18-Oct-2017 Planned Mid Term Review Date:31-Oct-2019 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2021 Revised Closing Date:31-Dec-2021 Project Development Objective (PDO) Project Development Objective (from Project Appraisal Document) The Project Development Objective is to strengthen capacity for ocean governance and coastal and marine geospatial planning in the participating countries. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Name Strengthening Ocean Governance:(Cost $4.00 M) Strengthening Knowledge and Capacity:(Cost $1.99 M) Project Management, Monitoring and Assessment:(Cost $0.31 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 6/28/2018 Public Disclosure Copy Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Caribbean Regional Oceanscape Project (P159653) • The World Bank’s Board approved the Caribbean Regional Oceanscape Project (CROP) on September 25, 2017; and the Grant Agreement was signed by the OECS Director General and the Bank's Caribbean Regional Director on October 14, 2017. The legal opinion from the OECS was issued to the Bank on October 17, 2017, and the Bank issued its no-objection on October 18, 2017. The Project became effective on October 18, 2017. • A General Procurement Notice for the Project was advertised on October 23, 2017. • The institutional arrangements for the Project Implementation Unit (PIU) are in place with existing OECS staff; Project Coordinator, and the Project Steering Committee (PSC) which was established on July 7, 2017 for oversight and guidance in implementation of the project. • Project was officially launched on March 5, 2018 with the participation of the 5 countries, OECS Commission and the World Bank. Total of 34 persons participated in the launch with country representatives being at the level of the Ocean Governance Team and National GEF Focal Points. The event was broadcast live on Facebook. Related news clip: https://www.stlucianewsonline.com/8th-meeting-of-the-oecs-ocean- governance-team-held-in-saint-lucia/. • In February, CROP had its first disbursement in the amount of 564,000 accounting for 9% of the grant. • Implementation is running smoothly with the procurement processes for the key activities already underway. • CROP inception meetings took place in Saint Kitts and Nevis (April 23, 2018), Saint Lucia (May 3, 2018), and Saint Vincent and the Grenadines (May 30, 2018). Inception meetings for Grenada and Dominica are tentatively scheduled for 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  Low  Low  Low Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Substantial  Substantial  Substantial Environment and Social  Low  Low  Low Stakeholders  Substantial  Substantial  Substantial Other  --  --  -- Overall  Moderate  Moderate  Moderate Results Project Development Objective Indicators Overall Comments Intermediate Results Indicators 6/28/2018 Public Disclosure Copy Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Caribbean Regional Oceanscape Project (P159653) PHINDIRITBL  1.1- Share of stakeholder groups participating in consultations (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 Date 15-Aug-2017 04-Dec-2017 13-Jun-2018 13-Aug-2021 PHINDIRITBL  1.2 - Coordinating bodies formed and actively oversee the development of the national and regional level marine and coastal spatial plans (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 6.00 Date 15-Aug-2017 04-Dec-2017 13-Jun-2018 13-Aug-2021 PHINDIRITBL  1.3 National policies developed in support of ocean governance. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3.00 3.00 3.00 5.00 Date 01-May-2017 04-Dec-2017 13-Jun-2018 13-Aug-2021 PHINDIRITBL  2.1 - Decision makers sensitized on how to transition to the Blue Economy. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 15-Aug-2017 04-Dec-2017 13-Jun-2018 13-Aug-2021 6/28/2018 Public Disclosure Copy Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Caribbean Regional Oceanscape Project (P159653) PHINDIRITBL  2.2 - Knowledge partnerships formed to develop and/or deliver training and data on the blue economy. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 15-Aug-2017 04-Dec-2017 13-Jun-2018 13-Aug-2021 PHINDIRITBL  2.3 - Learning products developed on the blue economy (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 15-Aug-2017 04-Dec-2017 13-Jun-2018 13-Aug-2021 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P159653 TF-A5428 Effective USD 6.30 6.30 0.00 0.56 5.74 9% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P159653 TF-A5428 Effective 25-Sep-2017 14-Oct-2017 18-Oct-2017 31-Dec-2021 31-Dec-2021 Cumulative Disbursements 6/28/2018 Public Disclosure Copy Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Caribbean Regional Oceanscape Project (P159653) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/28/2018 Public Disclosure Copy Page 5 of 5