The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) REPORT NO.: RES45176 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF ENHANCING COHERENCE AND INTEGRATION OF ECONOMIC AND SOCIAL STATISTICS IN SUPPORT OF THE IMPLEMENTATION OF 2008 SNA APPROVED ON MARCH 31, 2017 TO UNITED NATIONS ECONOMIC COMMISSION FOR EUROPE (UNECE) OTHER OTHER Regional Vice President: Carmen M. Reinhart Country Director: Haishan Fu Global Director: Haishan Fu Practice Manager/Manager: Nada Hamadeh Task Team Leader(s): Maurice Nsabimana The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) ABBREVIATIONS AND ACRONYMS 2008 SNA System of National Accounts, 2008 ECA Europe and Central Asia ECASTAT Programmatic Multi-donor Trust Fund to Support Statistical Capacity Building in ECA EECCA Eastern Europe, Caucasus and Central Asia NSO National Statistical Office PDO Project Development Objective SDG Sustainable Development Goals UNECE United Nations Economic Commission for Europe UNSC United Nations Statistical Commission WB World Bank The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. BASIC DATA Product Information Project ID Financing Instrument P157752 Investment Project Financing Original EA Category Current EA Category Not Required (C) Not Required (C) Approval Date Current Closing Date 31-Mar-2017 31-Dec-2020 Organizations Borrower Responsible Agency United Nations Economic Commission for Europe United Nations Economic Commission for Europe (UNECE) (UNECE) Financing (in USD Million) FIN_SUMM_PUB_TBL SUMMARY Total Project Cost 0 Total Financing 0 Financing Gap 0 DETAILS -NewFin3 The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) Project Development Objective (PDO) Original PDO The overall objective of the project is to increase statistical capacity in compiling national accounts and supporting statistics according to the recommendations of the 2008 SNA and other relevant international standards in the 12 EECCA countries (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan). OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing (US$, Millions) Net TF Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed TF-A4764 31-Mar-2017 07-Apr-2017 07-Apr-2017 31-Dec-2020 .91 .69 .22 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No Note to Task Teams: End of system generated content, document is editable from here. I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING A. Project Status 1. After its launch, the recipient executed project "Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA," has been implemented in a satisfactory manner by the responsible agency, the United Nations Commission for Europe (UNECE). As of December 27, 2020, 76 % of the grant funds have been disbursed. B. Rationale for Restructuring 1. During the last three and a half years of the grant implementation substantial savings in the original cost plan have occurred. UNECE was able to utilize funds from other UN programs and donor projects to cover some of the expenditures attributed in the ECASTAT grant. In addition, many activities that were planned for 2020 were replaced by virtual events or postponed due to the COVID-19 global pandemic. For many national statistical offices in EECCA countries, the COVID-19 global pandemic has created additional challenges in their regular work to compile economic and social statistics. It has also slowed down the progress with the implementation of the 2008 SNA. To this end, the project is suggested to be extended from the current closing date of December 31, 2020, to June 30, 2023. The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) II. DESCRIPTION OF PROPOSED CHANGES 1. The project is suggested to be extended from the current closing date of December 31, 2020, to June 30, 2023, in order to ensure that the project’s development objectives are fully and successfully met. 2. The requested change is limited to the extension of the project’s closing date. The suggested extension does not alter scope or nature of project activities, implementation arrangements or require any other amendment to the Legal Agreement. The project objective continues to be achievable during the requested extension, and there are no outstanding audit reports. Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. III. SUMMARY OF CHANGES Changed Not Changed Loan Closing Date(s) ✔ Disbursement Estimates ✔ Implementation Schedule ✔ Implementing Agency ✔ Project's Development Objectives ✔ Results Framework ✔ Components and Cost ✔ Cancellations Proposed ✔ Additional Financing Proposed ✔ Reallocation between Disbursement Categories ✔ Disbursements Arrangements ✔ Change in Overall Risk Rating ✔ Safeguard Policies Triggered ✔ EA category ✔ Legal Covenants ✔ Institutional Arrangements ✔ The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) Financial Management ✔ Procurement ✔ Other Change(s) ✔ Economic and Financial Analysis ✔ Technical Analysis ✔ Social Analysis ✔ Environmental Analysis ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_LOANCLOSING_TABLE LOAN CLOSING DATE(S) Original Revised Proposed Proposed Deadline TF Status Closing Closing(s) Closing for Withdrawal Applications TF-A4764 Effective 31-Dec-2020 30-Jun-2023 30-Oct-2023 OPS_DETAILEDCHANGES_DISBURSEMENT_TABLE DISBURSEMENT ESTIMATES Change in Disbursement Estimates Yes Expected Disbursements (In US$) Fiscal Year Annual Cumulative 2017 0.00 0.00 2018 0.00 0.00 2019 0.00 0.00 2020 0.00 0.00 2021 220,037.00 220,037.00 2022 0.00 220,037.00 2023 0.00 220,037.00 The World Bank Enhancing Coherence and Integration of Economic and Social Statistics in Support of the Implementation of 2008 SNA (P157752) Note to Task Teams: End of system generated content, document is editable from here.