The World Bank Rural Alliances Project II (P127743) REPORT NO.: RES31917 DOCUMENT OF THE WORLD BANK RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF RURAL ALLIANCES PROJECT II APPROVED ON OCTOBER 23, 2012 TO THE PLURINATIONAL STATE OF BOLIVIA AGRICULTURE LATIN AMERICA AND CARIBBEAN Regional Vice President: Jorge Familiar Calderon Country Director: Alberto Rodriguez Senior Global Practice Director: Juergen Voegele Practice Manager/Manager: Preeti S. Ahuja Task Team Leader: Luz Berania Diaz Rios The World Bank Rural Alliances Project II (P127743) I. BASIC DATA Product Information Project ID Financing Instrument P127743 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 23-Oct-2012 30-Nov-2021 Organizations Borrower Responsible Agency EMPODERAR (Emprendimientos Organizados para el The Plurinational State of Bolivia Desarrollo Rural Autogestionario) Project Development Objective (PDO) Original PDO The objective of the Project is to improve accessibility to markets for small rural producers in the Selected Areas by: (a) promoting productive alliances between different small rural producer organizations and purchasers; (b) empowering rural producers through the establishment and strengthening of self-managed grass-root organizations; (c) increasing access to productive assets, technologyand financial services; (d) promoting more effective, responsive and accountable service organizations at the local level; and (e)enhancing environmental sustainability of productive practices. The Project is a follow on operation to the successful PAR I, whichtested the model for improving market access. Summary Status of Financing Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IBRD-87350 13-Apr-2017 28-Jul-2017 08-Feb-2018 30-Nov-2021 100.00 .25 99.75 IDA-51700 23-Oct-2012 12-Dec-2012 09-May-2013 31-Mar-2018 50.00 46.12 .09 The World Bank Rural Alliances Project II (P127743) Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No II. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES The Rural Alliances Project II (P127743) has continued to be a strong performer within Bolivia’s active portfolio. Progress towards achievement of PDO and Overall Implementation Progress (IP) have been consistently rated as Satisfactory. Disbursement of the original IDA credit 51700 reached 99.8 percent. The Project has no pending fiduciary or safeguard-related issues. Furthermore, the Additional Financing (AF) loan (IBRD loan IBRD-87350) became effective on February 8, 2018. This restructuring extends the current closing date of the original credit IDA 51700, from March 31, 2018 to June 30, 2018. This will be the second extension of the original credit, for a total extension period of nine months. The extension will allow the Project to ensure a smooth transition towards the Additional Financing. Due to recent trends in the exchange rate between the Special Drawing Rights (SDR) and the US Dollar, EMPODERAR has a positive balance of uncommitted funds (US$466,597) from the original credit. Furthermore, although IBRD Additional Financing loan (IBRD-87350) became effective early on February, the process of registering the annual budget in the national system and opening the designated account has not yet been completed. The proposed three- month extension of the original credit would avoid any financing gap between the closing of the IDA credit and the first disbursement of the IBRD AF loan, thereby maintaining EMPODERAR’s implementation capacity and ensuring the continuity of project activities. III. DETAILED CHANGES LOAN CLOSING DATE(S) Original Revised Proposed Proposed Deadline Ln/Cr/Tf Status Closing Closing(s) Closing for Withdrawal Applications IBRD-87350 Effective 30-Nov-2021 IDA-51700 Effective 30-Nov-2017 31-Mar-2018 30-Jun-2018 30-Oct-2018