The World Bank Implementation Status & Results Report MG ethanol clean cooking climate finance program (P154440) MG ethanol clean cooking climate finance program (P154440) EASTERN AND SOUTHERN AFRICA | Madagascar | Environment, Natural Resources & the Blue Economy Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 6 | ARCHIVED on 27-Jun-2022 | ISR52224 | Implementing Agencies: Government of Madagascar, Green Development A.S. Key Dates Key Project Dates Bank Approval Date: 06-May-2016 Effectiveness Date: 06-May-2016 Planned Mid Term Review Date: 26-Sep-2019 Actual Mid-Term Review Date: 26-Sep-2019 Original Closing Date: 30-Jun-2025 Revised Closing Date: 31-Oct-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Madagascar Ethanol Clean Cooking Climate Finance Program is to increase household use of ethanol, demonstrate good practice of distillery design and operations, and establish an ethanol production safeguard system for future scale-up in Madagascar. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) Increase household use of ethanol cooking stoves for reduced GHG emissions in Madagascar Components Table Name Results-based Climate Finance Payment:(Cost $10.45 M) TA to the GoM and GD:(Cost $0.25 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Despite the challenges, the project is ahead of its emission reduction target. Indeed, the review of the progress of the implementation of the project has been able to highlight that the project is on the right track to achieve its objectives on the reduction of GHG emissions. The fifth monitoring and verification covering the period from May 16, 2020, to December 31, 2020, trigger the issuance of 78,625 Certified Emission Reduction Units (CERs). This fifth verification led to a cumulative emission reduction of 255,219 CERs against 180,000 CERs planned. The project has distributed and properly registered a total of 13,153 stoves as of December 03, 2021, representing 37.5% of the end project objective. Over the course of the last 6 months, about 455 new stoves have been registered. 6/27/2022 Page 1 of 5 The World Bank Implementation Status & Results Report MG ethanol clean cooking climate finance program (P154440) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Substantial Substantial Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Fiduciary -- Low Low Environment and Social -- Moderate Moderate Stakeholders -- Moderate Moderate Other -- -- -- Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Increase the use of ethanol by households IN01163996 ►Daily household ethanol consumption of participating households (annual average) (Liter, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.27 0.27 0.60 Date 01-Jun-2017 14-Dec-2021 24-Jun-2022 30-Jun-2025 IN01163997 ►Direct project beneficiaries (number), of which female (%) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 500.00 12,698.00 13,153.00 35,000.00 Date 01-Jun-2017 14-Dec-2021 24-Jun-2022 31-Oct-2025 6/27/2022 Page 2 of 5 The World Bank Implementation Status & Results Report MG ethanol clean cooking climate finance program (P154440) This is based on the number of ethanol stoves that have been registered under the project and monitored for the CERs issuance. The actual number of stoves sold is higher than this number. But those which Comments: were not registered correctly are not monitored. Intermediate Results Indicators by Components Results-based Carbon finance payment IN01163998 ►Ethanol stoves distributed and remaining operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 500.00 12,698.00 13,153.00 35,000.00 Date 01-Jun-2017 14-Dec-2021 24-Jun-2022 31-Oct-2025 This is based on the CDM monitoring report. The stoves that are not correctly registered with the project Comments: are not monitored. Carbon finance payment for program administration and TA IN01164000 ►Environmental, social, and ethanol control safeguard system training provided (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 4.00 9.00 Date 01-Jun-2017 14-Dec-2021 24-Jun-2022 31-Oct-2025 IN01164001 ►Environmental, social, and ethanol control safeguard system spot-check on the value-chain carried out (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3.00 3.00 9.00 Date 01-Jun-2017 14-Dec-2021 24-Jun-2022 31-Oct-2025 IN01164002 ►Local partner's satisfaction with GD's performance (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 31-May-2017 14-Dec-2021 24-Jun-2022 31-Oct-2025 Technical Assistance IN01163999 6/27/2022 Page 3 of 5 The World Bank Implementation Status & Results Report MG ethanol clean cooking climate finance program (P154440) ►Number of actions undertaken to build capacity in Government of Madagascar to improve the enabling environment and governance of ethanol sector (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 31-May-2017 14-Dec-2021 24-Jun-2022 31-Oct-2025 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P154440 TF-A2574 Effective USD 10.45 10.45 0.00 2.42 8.03 23% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P154440 TF-A2574 Effective 06-May-2016 06-May-2016 06-May-2016 30-Jun-2025 31-Oct-2025 Cumulative Disbursements 6/27/2022 Page 4 of 5 The World Bank Implementation Status & Results Report MG ethanol clean cooking climate finance program (P154440) Restructuring History Level 2 Approved on 10-Jun-2021 Related Project(s) There are no related projects. 6/27/2022 Page 5 of 5