The World Bank Report No: ISR12261 Implementation Status & Results OECS Countries Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project (P103470) Public Disclosure Copy Operation Name: Sustainable Financing & Management of Eastern Caribbean Project Stage: Implementation Seq.No: 5 Status: ARCHIVED Archive Date: 04-Nov-2013 Marine Ecosystem Project (P103470) Country: OECS Countries Approval FY: 2012 Product Line: Global Environment Project Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 04-Aug-2011 Original Closing Date 31-Dec-2016 Planned Mid Term Review Date 26-May-2014 Last Archived ISR Date 09-Jul-2013 Effectiveness Date 18-Nov-2011 Revised Closing Date 31-Dec-2016 Actual Mid Term Review Date Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) To contribute to enhancing the long-term sustainability of Protected Area networks in the Participating Countries by: (i) establishing sustainable financing mechanisms; (ii) strengthening of the Marine Protected Area networks; and (iii) deploying a regional monitoring and information system for the Protected Area networks. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component 1: Establishment of sustainable financing mechanisms 7.60 Component 2: Strengthening and phased expansion of Marine Protected Area Networks 0.25 Component 3: Deployment of a regional monitoring and information system 0.34 Component 4: Project management and coordination 0.56 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of GEO Satisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Substantial Implementation Status Overview The project grant agreement was signed on Sept 6, 2011. The project was declared effective on November 18, 2011. A Specimen signature has been received and disbursement to follow. Page 1 of 6 The World Bank Report No: ISR12261 Locations No Location data has been entered Public Disclosure Copy Results Global Environmental Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target 1. Caribbean Biodiversity Fund (CBF) is Amount(USD) Value 0.00 1500000000.00 15000000.00 operational with a Board, a Secretariat, an Date 04-Aug-2011 13-Jun-2013 30-Dec-2016 asset manager, a work program and has an Comments CBF is yet to be established CBF is legally established, a endowment of US$15 million for the Participating Countries to generate inco Secretariat is in place as well as an asset manager and a work plan. $15 million is already in the fund so the fund will exceed the planned 15 million. The CBF is almost ready to receive WB funds but the financial review specialist has requested the recruitment of a part time account before she begins her review of the fund. 2. The national level trust funds (NPATFs) Amount(USD) Value 0.00 0.00 1500000.00 provide at least US$1.5 million per year in total Date 04-Aug-2011 13-Jun-2013 30-Dec-2016 for the Participating Countries Comments NPATFs are not yet NPTAFs are not yet established established 3. At least five new MPAs are gazetted to Number Value 0.00 0.00 5.00 increase the total area under MPA Date 04-Aug-2011 08-Jun-2012 30-Dec-2016 management, and the representativeness and Comments MPAs are not gazetted MPAs are not gazetted. resilience of the MPA network(s) in the region Restructuring will result in a Public Disclosure Copy decrease of this number from 5 down to 2 over the length of the project to reflect both the time taken to gazette MPAs legally and lack of commitment to creating so many parks 4. At least two demonstration sites generate Number Value 0.00 0.00 2.00 useful MPA management information and Date 04-Aug-2011 08-Jun-2012 30-Dec-2016 lessons for other Project Participating Comments Page 2 of 6 The World Bank Report No: ISR12261 Countries and for increased dissemination to MPA managers in the Caribbean re 5. A region-wide, open access, web-based Text Value Various databases exist but User friendly PA data and monitoring system for effective PA not a single one with all reports are available for Public Disclosure Copy management is operational and the outputs are relevant indicators natural resource managers. availableto natural resources managers at the Date 04-Aug-2011 08-Jun-2012 30-Dec-2016 national and regional levels Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target 1.1 The CBF is established with a governance Text Value 0 CBF established along with a structure and operating rules Secretariat, an Asset Manager and operating rules and by-laws. Date 04-Aug-2011 13-Jun-2013 31-Dec-2012 Comments CBF is yet to be established CBF is established with a governance structure and operating rules and a secretariat 1.2 The CBF is generating investment income Text Value 0 Investment income from the for disbursement to NPATFs CBF capital is available for disbursement Date 04-Aug-2011 13-Jun-2013 31-Dec-2014 Comments There is no investment There is no investment income from the CBF income from the CBF 1.3 Sustainable financing mechanisms provide Amount(USD) Value 0.00 0.00 1500000.00 resources for long term management and use Date 04-Aug-2011 13-Jun-2012 30-Dec-2016 of PAs in each participating country (measured Comments Sustainable financing Sustainable financing with financial scorecard) mechanisms are not done mechanisms are not complete 1.4 National sustainable financing plans and Number Value 2.00 2.00 4.00 Public Disclosure Copy strategies completed in all Participating Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 Countries, and adopted by at least four Comments National Sustainable National sustainable financing Governments and being implemented Financing Plans are not plans not completed but complete financing strategy chosen in Antigua and Barbuda Page 3 of 6 The World Bank Report No: ISR12261 1.5 Each participating country adopted/ Number Value 0.00 0.00 4.00 implemented financing mechanisms to Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 generate new and additional resources to at Comments No financing mechanisms Antigua and Barbuda have least match the investment income from the Public Disclosure Copy endowment established adopted debt for nature swap as their financing mechanism. 4 other OECS countries have not 2.1 At least five new MPAs which contribute to Number Value 0.00 0.00 5.00 biogeographic representativeness and network Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 resilience are gazetted and baseline data using Comments No MPAs gazetted No MPAs gazetted the GEF METT are collected for each new MPA 2.2 Demonstration of good management Number Value 0.00 0.00 2.00 practices for MPA are implemented in at least Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 two MPAs Comments Demonstration sites do not No activities on demonstration have activiteis sites 2.3 Lessons learned from the two Text Value None Lessons are widely shared demonstration sites are disseminated through within the region workshops, publications and websites among Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 the MPA managers and policy makers in the Comments Site interventions are yet to Site interventions not yet Project Participating Countries be implemented implemented 2.4 Replication plans for scaling up of good Text Value None Replication plan practices from the demonstration sites are Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 developed in the Participating Countries Comments No replication plan has been No replication plan developed developed 3.1 Relevant biodiversity; ecological, economic, Text Value None Regional monitoring and and social indicators for effective management information system is of PA network in the Participating Countries are operational identified and begin to be monitored Date 04-Aug-2011 17-Dec-2012 31-Dec-2015 Public Disclosure Copy Comments various indicators exist in Not yet monitored different databases but not consistently monitored 3.2 A standardized, web-based information Text Value Various databases exist but Databases created in all of system for housing the data collected is not a single one with all the Participating Countries established and made accessible to users in relevant indicators and is accessible to users the region through an electronic portal Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 Comments Not yet inplace Not yet inplace Page 4 of 6 The World Bank Report No: ISR12261 Natural resource managers and other key Text Value None User friendly PA data and stakeholders apply the regional monitoring and reports are available for information system outputs to the decision makers managementof PA network Public Disclosure Copy Date 04-Aug-2011 17-Dec-2012 30-Dec-2016 Comments The regional monitoring The regional monitoring system outputs are yet to be system outputs are yet to be generated generated 4.1 Project staff, including at the national and Text Value Regional level personnel exist All personnel are hired to regional levels, are in place and functioning at with sufficient capacity but carry out Project activities at all times during the Project withsufficient capacity needs to be regional and national level capacity to carry out all Project activities strengthened at the national level Date 04-Aug-2011 17-Dec-2012 31-Dec-2013 Comments Not yet in place 4.2 Quarterly operational and financial status Text Value None Operational anf financial reports prepared and submitted to the bank reports submitted to the Bank Date 04-Aug-2011 17-Dec-2012 30-Mar-2012 Comments Status reports are yet to be Reports are being filed on First Quarterly report prepared time expected Data on Financial Performance (as of 16-Aug-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P103470 TF-10220 Effective 06-Sep-2011 06-Sep-2011 18-Nov-2011 31-Dec-2016 31-Dec-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P103470 TF-10220 Effective USD 8.75 8.75 0.00 0.01 8.74 0.00 Public Disclosure Copy Disbursement Graph Page 5 of 6 The World Bank Report No: ISR12261 Public Disclosure Copy Key Decisions Regarding Implementation The project grant agreement was signed on Sept 6, 2011 and became effective on November 18, 2011. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 6 of 6