Page 1 i Restructuring Status: Archived Restructuring Type: Level two Last modified on date : 01/20/2011 1. Basic Information Project ID & Name P089793: BR State Pension Reform TAL II Country Brazil Task Team Leader Jeffrey James Rinne Sector Manager/Director Veronica E. Zavala Lombardi Country Director Makhtar Diop Original Board Approval Date 02/13/2007 Original Closing Date: 06/30/2011 Current Closing Date 06/30/2011 Proposed Closing Date [if applicable] EA Category C-Not Required Revised EA Category C-Not Required-Not Required EA Completion Date Revised EA Completion Date 2. Revised Financing Plan (US$m) Source Original Revised BORR 5.00 5.00 IBRD 5.00 5.00 Total 10.00 10.00 3. Borrower Organization Department Location Ministerio da Fazenda Procuradoria Gerald a Fazenda Nacional (PGFN) Brazil 4. Implementing Agency Organization Department Location Ministry da Previdencia Social Secretaria de Politicas de Previdencia Social Brazil 59146 v. 2 Page 2 ii 5. Disbursement Estimates (US$m) Actual amount disbursed as of 01/20/2011 0.01 Fiscal Year Annual Cumulative 2010 0.00 0.01 2011 2.49 2.50 Total 2.50 6. Policy Exceptions and Safeguard Policies Does the restructured project require any exceptions to Bank policies? N Does the restructured projects trigger any new safeguard policies? If yes, please select from the checklist below and update ISDS accordingly before submitting the package. N 7a. Project Development Objectives/Outcomes Original/Current Project Development Objectives/Outcomes Upgrade state pension management (RPPS system for civil servants) thereby significantly reducing unwarranted pension claims, improving financial sustainability, strengthening state and federal institutions, and building reform constituencies. See attachment for detailed Results Monitoring 7b. Revised Project Development Objectives/Outcomes [if applicable]