Document of The World Bank Report No: 74144-ML RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF THE 1ST SERIES OF PROJECTS UNDER THE FIRST PHASE OF THE WEST AFRICA AGRICULTURAL PRODUCTIVITY PROGRAM (WAAPP-1A) IDA CREDIT 4287-ML March 2, 2007 TO THE REPUBLIC OF MALI December 7, 2012 Regional Vice President: Makhtar Diop Country Director: Ousmane Diagana Sector Manager / Director: Martien Van Nieuwkoop Task Team Leader: Abdoulaye Toure AFRICA THE 1ST SERIES OF PROJECTS UNDER THE FIRST PHASE OF THE WEST AFRICA AGRICULTURAL PRODUCTIVITY PROGRAM (WAAPP-1A) IDA CREDIT 4287-ML P094084 CONTENTS Page A. SUMMARY ........................................................................................................................... 4 B. PROJECT STATUS .............................................................................................................. 4 C. PROPOSED CHANGES ...................................................................................................... 4 ANNEX 1: REALLOCATION OF PROCEEDS ......................................................................... 6 THE 1ST SERIES OF PROJECTS UNDER THE FIRST PHASE OF THE WEST AFRICA AGRICULTURAL PRODUCTIVITY PROGRAM (WAAPP-1A) (P094084) IDA CREDIT 4287-ML RESTRUCTURING PAPER A. SUMMARY 1. This restructuring is for a second extension of the closing date of the IDA credit 4287-ML (WAAPP – 1A Mali) and the reallocation of credit proceeds. 2. Following the political unrest of March 2012, the Bank suspended its operations in Mali for about 6 months. Since then there has been a partial lifting of the suspension as of September 12, 2012, resulting in resumption of very limited emergency activities. These mainly consisted of the diffusion of technologies, seed production, and conducting field demonstrations. 3. The purpose of this second extension is to enable the Project make up for the delays and complete the remaining activities and also assure the smooth and uninterrupted transition to the second phase of the Program. 4. The proposed changes consist of: (i) extending the closing date from December 31, 2012 to June 30, 2013; and (ii) do a reallocation of credit proceeds. B. PROJECT STATUS 5. Despite the 6-months delays due to the March 2012 political unrest, the Project is progressing satisfactorily towards achievement of its PDO. During the recently concluded supervision mission of October 2012, 1 it was possible to see that 4 out of the 5 PDO level indicators and all 3 triggers for the 2nd phase have already been met. With respect to the 5th PDO level indicator, the number of women beneficiary is 26 percent versus the 40% target. C. PROPOSED CHANGES  Financing o Reallocations 6. The purpose of the proposed reallocation is to adjust some categories in order to meet the respective Governments’ ongoing and planned commitments focusing on priority actions as set in their revised work plan. The changes requested will not affect the PDO and with the reallocation the objectives pursued through activities under the various categories will be fully achieved. 7. The project has disbursed, as of December 3, 2012, about 93.8 percent of the total amount. The proposed reallocation of the credits proceeds is shown in Annex 1. 1 See ISR sequence no. 11 for P094084 1  Closing date 8. The credit of US$15 million of the project to Mali (WAAPP-1A Mali) was approved by the Board on March 2, 2007, with an original closing date of June 30, 2012 and a revised closing date of December 31, 2012 following a first request for 6-months extension of the closing date. The recipient has sent a letter dated November 26, 2012 to the Bank for a second extension of the credit by 6-months, with a new proposed closing date of June 30, 2013. This will enable the recipient not only to catch up on the delay due to the suspension of Bank intervention and thus complete the remaining activities, but also to assure the smooth and uninterrupted transition to the second phase of the Program. 2 ANNEX 1: ST THE 1 SERIES OF PROJECTS UNDER THE FIRST PHASE OF THE WEST AFRICA AGRICULTURAL PRODUCTIVITY PROGRAM (WAAPP-1A) (P094084) IDA CREDIT 4287-ML Reallocation of proceeds Category of Allocation (in SDR) % of Financing Expenditure Current Revised Current Revised Current Revised Civil works 900,000 560,000 100% dépense en devise étrangère et 100% monnaie locale hors TVA Research 4,600,000 5,200,000 100% TTC Grants Goods 1,500,000 600,000 100% dépense en devise étrangère et 100% monnaie locale hors TVA Trainings 740,000 1,000,000 100% dépense en devise étrangère et 100% monnaie locale hors TVA Consulting 450,000 710,000 100% dépense Services en devise étrangère et 100% monnaie locale hors TVA Operating 740,000 1,040,000 100% TTC Costs Support to 670,000 670,000 100% TTC CORAF CARGS 500,000 320,000 100% TTC Management Fees Unallocated - - funds Total 10,100,000 10,100,000 3