The World Bank Report No: ISR15599 Implementation Status & Results Brazil Integrated Solid Waste Management and Carbon Finance Project (P106702) Public Disclosure Copy Operation Name: Integrated Solid Waste Management and Carbon Finance Project Stage: Implementation Seq.No: 7 Status: ARCHIVED Archive Date: 20-Jul-2014 Project (P106702) Country: Brazil Approval FY: 2011 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Financial Intermediary Loan Implementing Agency(ies): Key Dates Board Approval Date 02-Nov-2010 Original Closing Date 31-Dec-2015 Planned Mid Term Review Date 31-Jul-2014 Last Archived ISR Date 01-Jan-2014 Effectiveness Date 30-Jan-2012 Revised Closing Date 31-Dec-2015 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to improve the treatment and final disposal of municipal solid waste in Brazil while: (a) supporting (i) the closing of open dumps and the implementation of modern and environmentally safe landfills or alternatives to waste disposal; (ii) improved municipal solid waste management practices; (iii) reduction of poverty among waste pickers; and (iv) increased private sector participation in solid waste service provision; and (b) strengthening Caixa Economica Federal#s capacity to manage carbon finance projects. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component 1. Infrastructure Investments in Solid Waste Disposal and Treatment 44.88 Component 2. Technical Assistance, Institutional Strengthening and Project Management 6.00 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Implementation Status Overview - Recent disbursements have increased to 30% of total loan amount. - Implementation of the Technical Assistance component of the loan is delayed although recent progress has been made to identify areas for work. - Carbon Finance operations are moving forward in a satisfactory manner. Carbon emissions are being avoided in accordance with projections and commitments. Page 1 of 4 The World Bank Report No: ISR15599 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 Increase in volume of waste disposed in Number Value 0.00 9000.00 4000.00 environmentally sustainable sanitary landfills Date 11-Nov-2010 25-Jun-2014 17-Nov-2011 Comments The project has reached the target indicator with Santa Rosa, where 9,000 tonnes/ day of waste are being disposed. Number of municipalities with investments Number Value 0.00 0.00 4.00 targeting recycling and composting activities Date 11-Nov-2010 25-Jun-2014 17-Nov-2011 Comments No progress on this indicator Number of open dumps closed and monitored Number Value 0.00 2.00 6.00 Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 Comments 2 dumps have been closed as part of the development of the Santa Rosa site, and the project has contributed to their rehabilitation Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Growth of Caixa's loan portfolio of project funds Number Value 0.00 1.00 10.00 Date 25-Jun-2014 30-Sep-2015 Public Disclosure Copy Comments CTR Santa Rosa has received funding under the Project. CTR Candeias under consideration Number municipal solid waste projects with Number Value 0.00 1.00 4.00 private financing Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 Comments CTR Santa Rosa is a privately-owned and operated Page 2 of 4 The World Bank Report No: ISR15599 landfill. CTR Candeias under consideration Number of commercial banks financing or co- Number Value 0.00 0.00 2.00 financing municipal solid waste projects Public Disclosure Copy Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 Comments No progress Availability of tools for solid waste management Text Value 0 Yes Yes and attract private sector participation in final Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 disposal and treatment of municipal solid waste Comments CF tools have been implemented and are available Number of participating cities with regulatory Number Value 0.00 0.00 5.00 framework and cost-recovery to adequately Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 manage solid waste services Comments The project has not yet contributed to this indicator Creation of specific unit within Caixa that Text Value 0 Yes Yes manages carbon finance initiatives Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 Comments CF team has been formally established Number of carbon finance initiatives managed Number Value 0.00 3.00 6.00 by Caixa. Date 11-Nov-2010 24-Jun-2014 30-Sep-2015 Comments Program of Activities Santa Rosa (POA + CPA) and Candeias Adequate staffing and project management Text Value 0 Yes 4 Progress Reports systems in place (financial, M&E) and timely 4 Audits reporting (Progress Reports, Audits) Date 11-Nov-2010 25-Jun-2014 30-Sep-2015 Comments Procurement Specialist has been hired and FM staff have been in place since 2011. Public Disclosure Copy Satisfactory audits have been received. Data on Financial Performance (as of 09-Jun-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P106702 IBRD-79640 Effective 02-Nov-2010 05-Dec-2011 30-Jan-2012 31-Dec-2015 31-Dec-2015 Disbursements (in Millions) Page 3 of 4 The World Bank Report No: ISR15599 Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P106702 IBRD-79640 Effective USD 50.00 50.00 0.00 14.90 35.10 30.00 Public Disclosure Copy Disbursement Graph Key Decisions Regarding Implementation None Restructuring History There has been no restructuring to date. Related Projects Public Disclosure Copy There are no related projects. Page 4 of 4