The World Bank Bhutan BLSS Economic Census (P161338) REPORT NO.: RES31349 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF BHUTAN BLSS ECONOMIC CENSUS APPROVED ON FEBRUARY 2, 2017 TO THE KINGDOM OF BHUTAN POVERTY AND EQUITY GLOBAL PRACTICE SOUTH ASIA Regional Vice President: Ethel Sennhauser Country Director: Qimiao Fan Senior Global Practice Director: Carolina Sanchez Practice Manager/Manager: Benu Bidani Task Team Leaders: Hiroki Uematsu, Tenzin Lhaden The World Bank Bhutan BLSS Economic Census (P161338) ABBREVIATIONS AND ACRONYMS BLSS Bhutan Living Standard Survey EC Economic Census NSB National Statistics Bureau PHCB Population and Housing Census of Bhutan RGOB Royal Government of Bhutan The World Bank Bhutan BLSS Economic Census (P161338) BASIC DATA Product Information Project ID Financing Instrument P161338 Investment Project Financing Original EA Category Current EA Category Not Required (C) Not Required (C) Approval Date Current Closing Date 02-Feb-2017 31-Jul-2018 Organizations Borrower Responsible Agency The Kingdom of Bhutan National Statistics Bureau Project Development Objective (PDO) Original PDO The PDO is to support the National Statistics Bureau to collect, analyze and disseminate data by carrying out the Bhutan Living Standard Survey and the Economic Census and contribute to strengthening its capacity. OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing Net TF Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed TF-A4200 02-Mar-2017 02-Mar-2017 02-Mar-2017 31-Jul-2018 .68 .52 .16 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No The World Bank Bhutan BLSS Economic Census (P161338) I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING Note: Formatting instructions for this document. A. Progress to date and remaining issues 1. The implementation of the BLSS component has progressed as initially scheduled. However, there is a major delay in the preparation for the Economic Census. The delay is primarily due to the delay in the 2017 Population and Housing Census of Bhutan (PHCB). The PHCB was originally scheduled in May 2016, but was delayed to May 2017. Further, owing to the upcoming Parliamentary Elections (National Council in April 2018 and National Assembly in the second half of the 2018), the implementation has been further delayed to December 2018. The National Statistics Bureau (NSB) requested for an extension the closing date by one year, from 31-Jul-2018 to 31-Jul-2019. There is no overdue audit report for the project. II. DESCRIPTION OF PROPOSED CHANGES Note: Formatting instructions for this document. B. Extension of Closing Date by One Year Given the above rationale, the NSB requested to extend the closing date by one year, from 31-Jul-2018 to 31-Jul-2019. The PDO remains unchanged and is still achievable as the performance with the progress of the project of the recipient remains satisfactory. The rest of the activities shall remain as initially agreed. The World Bank Bhutan BLSS Economic Census (P161338) III. SUMMARY OF CHANGES Changed Not Changed Change in Loan Closing Date(s) ✔ Change in Implementation Schedule ✔ Change in Implementing Agency ✔ Change in Project's Development Objectives ✔ Change in Results Framework ✔ Change in Components and Cost ✔ Cancellations Proposed ✔ Additional Financing Proposed ✔ Reallocation between Disbursement Categories ✔ Change in Disbursements Arrangements ✔ Change in Disbursement Estimates ✔ Change in Overall Risk Rating ✔ Change in Safeguard Policies Triggered ✔ Change of EA category ✔ Change in Legal Covenants ✔ Change in Institutional Arrangements ✔ Change in Financial Management ✔ Change in Procurement ✔ Other Change(s) ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_LOANCLOSING_TABLE LOAN CLOSING DATE(S) Original Revised Proposed Proposed Deadline TF Status Closing Closing(s) Closing for Withdrawal Applications TF-A4200 Effective 31-Jul-2018 31-Jul-2019 30-Nov-2019 The World Bank Bhutan BLSS Economic Census (P161338)