The World Bank                                                                                                                                            Report No: ISR1327


                                                                                                   Implementation Status & Results
                                                                                                          Colombia
Public Disclosure Copy




                                                                                      CO: Caribbean Savannah Carbon Sink project (P100738)

                         Operation Name: CO: Caribbean Savannah Carbon Sink project (P100738)               Project Stage:   Implementation         Seq.No: 2     Status: ARCHIVED    Last Modified Date: 14-Nov-2010
                                                                              Country: Colombia                                      Approval FY:          2007
                         Product Line: Carbon Offset                          Region: LATIN AMERICA AND CARIBBEAN                    Lending Instrument:
                         Implementing Agency(ies):

                         Key Dates
                         Board Approval Date    07-Feb-2007           Original Closing Date   00000000             Planned Mid Term Review Date                           Last Archived ISR Date 06-Feb-2010
                         Effectiveness Date     00000000              Revised Closing Date    00000000             Actual Mid Term Review Date

                         Project Development Objectives
                         Project Development Objective (from Project Appraisal Document)



                         Has the Project Development Objective been changed since Board Approval of the Project?

                            Yes           No

                         Component(s)
                         Component Name                                                                                             Component Cost
                         Establishment of 500 ha of sylvo-pastoral systems to recuperate areas of pastures that are                             0.80
                         Establishment of 1700 ha with reforestation systems                                                                    2.80

                         Overall Ratings
                                                                  Previous Rating                       Current Rating
Public Disclosure Copy




                         Progress towards achievement of PDO                                            Moderately Satisfactory


                         Overall Implementation Progress (IP)     Moderately Satisfactory               Moderately Satisfactory
                         Overall Risk Rating


                         Implementation Status Overview
                          The Caribbean Savannah Carbon Sink Project is a carbon finance stand-alone operation that was approved in March 2007 (ERPA signature date: March 09, 2007). There were
                         concerns about the delays in the project implementation earlier this year, but significant progress has now been achieved in the planting, compensating for some of the delays. As of
                         August 2010, a total of about 670 ha have been planted.

                         The project entered into validation phase in October, being the first World Bank carbon sink project in validation in Colombia. The validation process takes normally 3-4 months. After
                         that the project is submitted to registration with UNFCCC. The registration process takes normally about 6 months. Once the project is registered, it can start selling certified emission

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                             The World Bank                                                                                                                                  Report No: ISR1327



                         reductions.
Public Disclosure Copy




                         The project has a good overall compliance with safeguards. There are no resettlement of land tenure issues. There are also no adverseenvironmental impacts. The project reaches to
                         minority/low income groups and had state of the art consultation andparticipation process, highlighted by the involvement of there communities in the project.

                         Results



                         Indicator                                                              Baseline                            Current                              End Target




                         Indicator                                                              Baseline                            Current                              End Target




                         Data on Financial Performance (as of 00000000)
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                         Financial Agreement(s) Key Dates
                                              Loan No.




                         Key Decisions Regarding Implementation
                          The project implementer CVS will complete planting by the end of this year. The validation process is expected to be concluded by February 2011.

                         Restructuring History


                         Related Projects

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              Public Disclosure Copy   Public Disclosure Copy
                                                                The World Bank
                                                                  Report No: ISR1327




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