The World Bank
   Social Safety Nets Project (P156056)




                                                                                   REPORT NO.: RES50721

                                    DOCUMENT OF THE WORLD BANK




                                          RESTRUCTURING PAPER
                                                 ON A
                                   PROPOSED PROJECT RESTRUCTURING

                                                     OF

                                      SOCIAL SAFETY NETS PROJECT
                                   APPROVED ON DECEMBER 2, 2016
                                                     TO

                            DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA


SOCIAL PROTECTION & JOBS

SOUTH ASIA




                          Regional Vice President:    Hartwig Schafer
                                Country Director:     Faris H. Hadad-Zervos
                                Regional Director:    Lynne D. Sherburne-Benz
                      Practice Manager/Manager:       Stefano Paternostro
                             Task Team Leader(s):     Thomas Walker, Srinivas Varadan
           The World Bank
           Social Safety Nets Project (P156056)



I. BASIC DATA

Product Information

Project ID                                                     Financing Instrument
P156056                                                        Investment Project Financing

Original EA Category                                           Current EA Category
Not Required (C)                                               Not Required (C)

Approval Date                                                  Current Closing Date
02-Dec-2016                                                    30-Jun-2022




Organizations

Borrower                                                       Responsible Agency
Democratic Socialist Republic of Sri Lanka                     Democratic Socialist Republic of Sri Lanka




Project Development Objective (PDO)
Original PDO
The development objective of the project is to contribute to the improved equity, efficiency and transparency of Sri
Lanka's socialsafety net programs for the benefit of the poor and vulnerable.
Summary Status of Financing (US$, Millions)


                                                                                        Net
Ln/Cr/Tf                  Approval         Signing Effectiveness         Closing Commitment Disbursed Undisbursed

IDA-59150              02-Dec-2016 28-Dec-2016      24-Feb-2017      30-Jun-2022         75.00       63.02         10.62


Policy Waiver(s)

Does this restructuring trigger the need for any policy waiver(s)?
No


II. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES
           The World Bank
           Social Safety Nets Project (P156056)




 Project progress towards the PDO and overall implementation progress are both currently rated Moderately
 Satisfactory. While the SSNP has made significant progress in establishing a new social registry, populating it with data
 and developing strategies for improving social protection and graduation, the project's progress has been hindered by
 a number of setbacks in the past three years. The planned update of data in the social registry could not go ahead as
 planned because of the frequent lockdowns and travel restrictions imposed during the pandemic. The development of
 the broader Integrated Welfare Management System has been similarly delayed. Since these activities are critical to
 successful achievement of the PDO, but remain achievable under the government's current action plan, the project
 has requested a 12-month extension of the closing date to June 30, 2023 through its letter dated February 8, 2022,
 communicated to the Bank by ERD vide email dated February 21, 2022. This extension will ensure the social registry
 and integrated welfare management system can be completed as planned and be usable for the most urgent needs of
 establishing a fiscally responsible, targeted and transparent welfare system for the country.

 There are currently no outstanding audit reports for this project.


III. DETAILED CHANGES


LOAN CLOSING DATE(S)


                                         Original                Revised                Proposed       Proposed Deadline
Ln/Cr/Tf         Status                  Closing               Closing(s)                 Closing         for Withdrawal
                                                                                                             Applications
IDA-59150        Effective           30-Jun-2022                                     30-Jun-2023              30-Oct-2023