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Argentina - Adaptation Fund: Increasing Climate Resilience and Enhancing Sustainable Land Management in the Southwest of the Buenos Aires Province Project : restructuring : Disclosable Restructuring Paper - Adaptation Fund: Increasing Climate Resilience Enhancing Sustainable Land Management in the Southwest of the Buenos Aires Province - P125804 (anglais)

The objective of the Adaptation Fund: Increasing Climate Resilience and Enhancing Sustainable Land Management in the Southwest of the Buenos Aires Province Project is to contribute to reducing climate and man-made vulnerability of the agroecosystems in the Southwest of the Buenos Aires Province by increasing adaptive capacity of key local institutions and actors and piloting and disseminating climate resilient and sustainable land management practices. The need for restructuring was first discussed with the Government of Argentina (GoA) during the Mid-Term Review mission in April 2017. In August 2017, the GoA officially requested a restructuring that covered: (i) simplification of the Project design by dropping two minor outputs that are not considered cost-effective at the current situation in the project area, (ii) adjustments to the Results Framework; (iii) revision of the implementation arrangements regarding the degree of participation of the Provincial Agency for Sustainable Development (OPDS, for the Spanish acronym); and (iv) reallocation of grant proceeds among Disbursement Categories. Some of the changes requested by the GoA require the approval from the Adaptation Fund. The World Bank team has engaged with the Adaptation Fund Secretariat throughout the Mid-Term Review, particularly on the simplification of the Project design and adjustments to the Results Framework. As the discussions with the Adaptation Fund are still on-going and the need for the reallocation of funds between Disbursement Categories is urgent to continue payments for consulting services and thus satisfactory project implementation, it was agreed with the GoA to proceed with a phased restructuring: (a) this responds to the need for the reallocation of funds and includes an update of the disbursement estimates, and (b) a second restructuring on the other changes requested by the GoA will be processed once respective conclusions have been reached with the Adaptation Fund.

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