The World Bank The Agriculture Investment and Market Development Project (P143417) REPORT NO.: RES27447 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF THE AGRICULTURE INVESTMENT AND MARKET DEVELOPMENT PROJECT APPROVED ON SEPTEMBER 25, 2014 TO THE REPUBLIC OF CAMEROON AGRICULTURE GLOBAL PRACTICE AFRICA REGION Regional Vice President: Makhtar Diop Country Director: Elisabeth Huybens Senior Global Practice Director: Juergen Voegele Practice Manager/Manager: Dina Umali-Deininger Task Team Leader: Myriam Chaudron The World Bank The Agriculture Investment and Market Development Project (P143417) ABBREVIATIONS AND ACRONYMS ABs Agri-businesses FA Financing Agreement FI Financial Intermediary GoC Government of Cameroon IDA International Development Association MFI Microfinance institution MTR Mid-term Review OHADA Organization for the Harmonization of Business Law in Africa PDO Project Development Objective POs Producer Organizations RF Results Framework RP Restructuring Paper SPs Sub-projects The World Bank The Agriculture Investment and Market Development Project (P143417) 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 P143417 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 25-Sep-2014 30-Sep-2019 Organizations Borrower Responsible Agency THE REPUBLIC OF CAMEROON MINADER Project Development Objective (PDO) Original PDO To support the transformation of low productivity, subsistence-oriented cassava, maize and sorghum sub-sectors into commercially-oriented and competitive value chains in four agro-ecological areas. OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IDA-55340 25-Sep-2014 15-Dec-2014 29-Jan-2015 30-Sep-2019 100.00 33.72 55.93 TF-A1906 04-Mar-2016 04-Mar-2016 26-May-2016 30-Sep-2019 2.70 .48 2.22 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No The World Bank The Agriculture Investment and Market Development Project (P143417) Note to Task Teams: End of system generated content, document is editable from here. I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING Background 1. The Agriculture Investment and Market Development Project was approved on September 25, 2014 for an IDA Credit equivalent to US$100 million. It became effective on January 20, 2015 and is scheduled to close on September 30, 2019. The project’s overall goal is to contribute to unlocking the potential of agriculture production in Cameroon by promoting sustainable partnerships between agri-businesses (ABs) and producer organizations (POs), and ultimately contribute to the country’s economic development and job creation, as well as enhance food security and the livelihoods of the rural farming population. The project development objective (PDO) is “to support the transformation of low productivity, subsistence-oriented cassava, maize and sorghum sub-sectors into commercially-oriented and competitive value chains in four agro-ecological areas”. It has three components: Component A: Support to agricultural production, processing and marketing; Component B: Support to Seed production and distribution system, Relevant public services and Technology transfers; and Component C: Project Coordination and Management. 2. The Project’s direct beneficiaries are members of eligible cooperatives working on targeted value chains in the identified production basins. Indirect beneficiaries of the project include : (i) private ABs1, Financial Intermediaries2 (FIs), public and private service providers supporting Producer Organizations (POs), populations living in production basins benefiting from the rehabilitation of market access infrastructure and collective production infrastructures; (ii) other actors3 along the selected value chains who benefit from the increased quality and quantity of products and rehabilitation/construction of roads; and (iii) smallholders in the targeted zones, who benefit from strengthened POs, and input supply and output market networks. Status 3. Project performance is currently rated “Satisfactory” for progress towards achievement of the PDO and “Moderately Satisfactory” for overall implementation progress (IP). The progress and performance rating for components A and B is “Moderately Satisfactory” and “Satisfactory” for component C. There are no outstanding audit reports. 4. After two and a half years of implementation, the project has made some promising achievements. As of the last support mission in May 2017, which was also the mid-term review (MTR), the project has successfully mobilized and registered Cameroon’s first 44 cooperatives in compliance with the Organization for the Harmonization of Business Law in Africa (OHADA). It has launched and facilitated dialogue among the three main project stakeholders (cooperatives, agribusiness buyers and commercial banks) and identified viable market opportunities for the project’s 3 targeted value chains (cassava, maize, sorghum). The project has financed the preparation of 62 investment sub-projects and 1 agro-industries, Small and Medium Agricultural Enterprise [SMAEs], wholesalers, etc. 2 banks, leasing companies, and microfinance institutions (MFIs) 3 traders, transporters, processors, and consumers The World Bank The Agriculture Investment and Market Development Project (P143417) supported interventions that have helped double the yield in sorghum and maize between January 2016 and March 2017. Rehabilitation and or construction of rural roads is ongoing. The goal is to rehabilitate and or construct a total of 1934 km of rural roads. Ten water sources have been built to help women in small-scale processing. Three fortified organic cassava varieties have been developed. The project has provided capacity building for 121 cooperatives. Given the significantly lower than expected capacity of cooperatives, not all cooperatives are qualifying for bank loans for their sub-project proposals, even after capacity strengthening efforts. The goal is to have a wide pool of potential cooperatives from which to select 100 eligible cooperatives for sub-project financing. As of November 30th, US$24.16 million (37.4%) of the credit proceeds has been disbursed. Nevertheless, overall implementation progress is behind schedule. Achievement of the results targets is mixed and shows a disconnect in the results chain, with PDO level indicator5 targets already met, while achievement of the intermediate targets is still relatively low. Rationale for Restructuring 5. The project is ambitious, aiming to transform subsistence-oriented crops (cassava, sorghum, maize) into competitive value chains in a period of 5 years, a relatively short period. It is also complex and is facing challenges, including an evolving project landscape, assumptions made at project preparation that are no longer applicable, and unforeseen or under-estimated challenges, which are affecting performance, and could impact achievement of the PDO. 6. The project MTR identified the key factors affecting implementation performance and progress. These include among others: (i) a disconnected results chain in the Results Framework (RF) with overly ambitious intermediate results targets that will not be met within the 5 year implementation period, and inconsistent data collection\generation; (ii) higher than expected level of capacity weaknesses of the various project actors for this type of complex project; (iii) inadequate level of readiness of producers/cooperatives to fully participate in project activities; (iv) reluctance of some commercial banks to lend to the cooperatives; and (v) insufficient funds allocated to key activities such as rural roads rehabilitation. A recalibration of the project to address these issues, adjust project commitments to improve performance and progress, and ensure achievement of the project objective within the remaining timeframe was recommended. II. DESCRIPTION OF PROPOSED CHANGES 7. There are 5 proposed major changes as agreed on at the MTR by the World Bank and GoC. They include: (i) Modifications to the Results Framework. With only two years of project implementation, the targets of the 2 PDO level indicators6 have already been met, while the intermediate targets have not. Therefore there is a disconnect in the results chain. Furthermore, the project team has determined that the majority of the intermediate results targets are overly ambitious and will not be met within the project lifespan. Consequently, they need to be adjusted down to reflect what can be realistically achieved within the remaining project timeline. Agreement was reached with the 487.28 kms of paved roads and 105.49 km of rural roads (total of 192.77 rounded up to 193). 5(i) Increased yield of targeted crops of cassava (tons/ha), maize (tons/ha), and sorghum (tons/ha) by beneficiary farmers; and (ii) increased quality, as measured by the price premium (FCFA) of produce sold by beneficiary farmers in the targeted value chains of cassava (percentage), maize (percentage), and sorghum (percentage). 6(i) Increased yield of targeted crops of cassava (tons/ha), maize (tons/ha), and sorghum (tons/ha) by beneficiary farmers; and(ii) increased quality, as measured by the price premium (FCFA) of produce sold by beneficiary farmers in the targeted value chains of cassava (percentage), maize (percentage), and sorghum (percentage). The World Bank The Agriculture Investment and Market Development Project (P143417) Government of Cameroon (GoC) to make the following changes. At the PDO level, the increase in yield of sorghum under indicator 17 will be adjusted down from 3 to 2 metric tons per hectare. At the intermediate level, the end targets of 16 indicators will be adjusted down and 1 target will be adjusted up (see section IV of this Restructuring Paper [RP]). In addition, as indicated in table 1 below, 5 new indicators will be added; 1 at the PDO level and 4 at the intermediate level, to measure the effectiveness of the contractual arrangements among participating cooperatives, agribusinesses and commercial banks. Table 1: Results Framework New Indicators Indicator Unit of Baseline Target Justification Measurement PDO level 1. Increase in volume of targeted crops 1. 2. 3. 4. The indicator will sold by participating cooperatives to monitor & evaluate the productive partnerships (Agro- change in volume of Businesses). crops sold in a formal commercial setting. Cassava Metric ton 0 14,400 Maize Metric ton 0 65,700 Sorghum Metric ton 0 10,600 Intermediate level 2. Number of participating cooperatives Number 0 100 The indicator will with a Director & functional business evaluate co-ops' accounting system. operations. 7 Increase yield of targeted crops by direct beneficiaries The World Bank The Agriculture Investment and Market Development Project (P143417) 3. Agro-Business buyers' satisfaction on Indicator will measure achievement of contractual satisfaction of commitments of cooperatives for effectiveness of selected commodities. implementation of contractual arrangements between producers & buyers. Cassava production Percentage 0 70 Maize production Percentage 0 70 Sorghum production Percentage 0 70 4. Rate of credit reimbursement of Percentage 0 75 Indicator will measure participating cooperatives to partner effectiveness of FIs’ Financial Intermediaries (FIs). credit mechanism for cooperatives. 5. Volumn of credit to cooperatives USD 000s 0 2,697 (ii) Changes in project scope and costs. Due to exchange rate fluctuations, the original credit amount of US$100 million is now valued at approximately US$89 million. All component costs have been adjusted to align with the value of available funds (see table 2 below). In addition, the project’s largest sub-components, sub-component A.2) Financing of Sub-Projects for Producer Organizations and sub-component A.3) Financing of Basic Public Infrastructure under Component A: Support to agricultural production, processing and marketing will be adjusted in scope and cost. To better align with the current capacity of cooperatives, the project will support fewer cooperatives, and significantly reduce the number, size and complexity of sub-project (SPs) to fund. As a result, the budget allocation for sub-component A.2 will be reduced. In conjunction, the intermediate results indicator “number of sub-projects implemented” under the project will be reduced from 300 to 100. The original scope of the rehabilitation and\or construction of rural roads under sub- component A.3 is too large and needs to be scaled down. Therefore the target for the intermediate results indicator “kilometers of rural roads constructed or rehabilitated” will be reduced from the 500 km indicated in the approved PAD RF and Financing Agreement (FA), to 193 km. Furthermore, the original cost estimates for the rehabilitation\construction works were very low and need to be adjusted accordingly. Approximately US$13 million from sub-component A.2 will be reallocated to sub-component A.3 to compensate for the initial low costing. Table 2: Breakdown of Current and Revised Project Costs (US$) Component Current Revised Total A). Support to Agricultural Production, Processing and Marketing A.1 Establishment of Productive Partnerships 1.21 1.21 A.2 Financing of Sub-Projects for Producer Organizations 55.96 32.70 A.3 Financing of Basic Public infrastructure 17.78 30.40 A.4 Support for Improved Access to Rural Financing 1.05 0.70 Sub-total A 76.00 65.00 B). Support to Seed Production and Distribution System, Relevant Public Services and to Technology Transfer B.1 Enhancement of the Seed production and distribution 1.14 3.7 system, Relevant public services B.2 Building Commodity-based public-private consultation & 1.00 0.3 partnership frameworks B.3 Enhancement of agricultural technology transfer and 9.66 5.0 Promotion of Healthy Food and Nutrition Practices The World Bank The Agriculture Investment and Market Development Project (P143417) Sub-total B 11.80 9.00 C. Project Coordination and Management (Including PPA) C.1 Strategic Planning, Coordination, Management and Implementation Support 6.44 9.35 C.2 Monitoring and Evaluation, Communication, Knowledge Production and Sharing 2.99 2.80 Sub-total C 9.43 12.15 Project Preparation Advance 2.75 2.75 Sub-total 2.75 2.75 Total 100.00 88.90 (iii) Reallocation of funds among expenditure categories. The revised component costs require a reallocation of funds among the expenditure categories as set out in schedule 2, section IV of the Project Financing Agreement (FA). These category changes are detailed in section IV of this RP. In addition, due to difficulties in providing counter-part funding, the GoC has requested a change in the financing parameters for two expenditure categories. Originally, the percentages of financing for category 4) Goods, works, non-consulting services, consultants’ services and Training for Parts B(a)(i) through (iii) of the Project; and category 5) Goods, works, non-consulting services, consultants’ services, Training and Operating Costs for Part C.1 of the Project were 29.30% and 63.80% respectively. The GoC’s request is to change both to 100% IDA financing, excluding value added tax and custom duties. All eligibility criteria for the two categories will be followed per the Bank’s procurement guidelines and procedures. In addition, the team will reiterate to the GoC that any compensation related to resettlement measures to be implemented in the event of the displacement of people caused by the project activities cannot be covered by IDA funds. The proposed financing percentage changes will not affect the PDO. (iv) Revised financing parameters for the Matching Grants Program under Component A. Support to Agricultural Production, Processing and Marketing. The current financing parameters for the Matching Grants Program are 10% cooperatives + 50% project funding + 40% commercial banks. Many of the participating cooperatives have had difficulties getting credit from commercial banks per the program’s requirements. To offset this challenge the proposed new parameters are 10% cooperative + 70% project funding + 20% commercial banks. Project funding cannot exceed 70%, however lending from commercial banks can surpass 20%. The goal is, to as much as possible, keep contributions to under 70% for project funding and above 20% from the commercial banks. In addition, cooperatives with the resources to implement their subprojects without bank loans may also be considered for project support. In this case, the parameters would be 30% co-operatives + 70% project funding. Focus will be on cooperatives working in the cassava sector. These changes require an amendment to the FA’s schedule 2, section 1, D. An amendment letter reflecting this change will be signed by the World Bank and countersigned by the GoC. This will be the first amendment to the FA. (v) Economic and Financial Analysis. The appraisal stage EFA assessed the expected rate of return on investments in agricultural and processing subprojects, and the benefits of construction or rehabilitating rural roads. It was estimated that the project would yield an economic rate of return of 33% and a net present value of $165 million at a discount rate of 10%. This result was to be achieved through the funding of 2 key activities: (i) 300 sub-projects, of which the project would fund 50% of the cost of 200 sub-projects8; and (ii) rehabilitation of 500 km of service roads. Under the proposed restructuring the number of sub-projects has been reduced to 100. The project’s contribution to the sub-project funding will increase from 50% to 70% and cannot exceed 70%. The contribution of commercial banks will be reduced from 40% to 20%. The contribution of participating cooperatives remains unchanged at 10%. The scope of the sub-projects could potentially also be reduced should participating cooperatives continue to experience difficulties in mobilizing their 8 The remaining 100 sub-projects were bakeries with a different financing rule (without project funding). The World Bank The Agriculture Investment and Market Development Project (P143417) contributions. As stated in paragraph 4, the length of the roads to be constructed or rehabilitated will be reduced from 500 km to 193 km, of which 87 km will be paved roads. 8. The updated EFA has taken into account the above adjustments; the delay in the implementation of sub-projects and rehabilitation of roads; actual areas cultivated by the cooperatives and actual annual disbursements and planned disbursements for the remaining project life. The assumptions on crop yields have not been modified, since the results achieved so far are consistent with the original assumptions made (yields have doubled). In the event of a reduction in the size of the sub-projects, it was assumed that a new subproject would cover only half of the area cultivated by a cooperative. 9. The proposed restructuring would yield an economic rate of return of 22% and a net present value of $112 million at a discount rate of 6%. The sensitivity analysis carried out indicates a strong resilience of economic profitability to increased costs and reduced profits. The economic rate of return would be 16% if the profits are reduced by 30% and 14% if the costs increase by 50%. Even in the extreme case of the failure of 40% of the sub-projects, the economic rate of return would be 7%, always exceeding the social discount rate of 6%. The project is therefore still economically profitable. 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 Change in Results Framework ✔ Change in Components and Cost ✔ Reallocation between Disbursement Categories ✔ Change in Economic and Financial Analysis ✔ Change in Implementing Agency ✔ Change in DDO Status ✔ Change in Project's Development Objectives ✔ Change in Loan Closing Date(s) ✔ Cancellations Proposed ✔ Change in Disbursements Arrangements ✔ Change in Disbursement Estimates ✔ Change in Overall Risk Rating ✔ Change in Safeguard Policies Triggered ✔ Change of EA category ✔ Change in Legal Covenants ✔ The World Bank The Agriculture Investment and Market Development Project (P143417) Change in Institutional Arrangements ✔ Change in Financial Management ✔ Change in Procurement ✔ Change in Implementation Schedule ✔ Other Change(s) ✔ Change in Technical Analysis ✔ Change in Social Analysis ✔ Change in Environmental Analysis ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_RESULTS_TABLE RESULTS FRAMEWORK Project Development Objective Indicators PDO_IND_TABLE Increase yield of targeted crops by direct beneficiaries Unit of Measure: Metric ton Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 0.00 No Change Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Sorghum Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 1.00 2.00 2.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Maize Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 1.50 4.00 4.00 No Change The World Bank The Agriculture Investment and Market Development Project (P143417) Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Cassava Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 8.00 0.00 24.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Increased quality as measured by price premium of produce sold by beneficiary farmers in the targeted value chains Unit of Measure: Percentage Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 0.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Sorghum Unit of Measure: Percentage Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 23.00 20.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Maize Unit of Measure: Percentage Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 27.00 15.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Cassava tubers Unit of Measure: Percentage Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action The World Bank The Agriculture Investment and Market Development Project (P143417) Value 0.00 0.00 10.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Increased volume of targeted crops sold by participating cooperatives to buyers from productive partnerships (Agro- Business) Unit of Measure: Metric ton Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 0.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Increased volume sold-Cassava Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 14400.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Increased volume sold-Maize Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 65700.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Increased volume sold-Sorghum Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 10600.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Intermediate Indicators IO_IND_TABLE The World Bank The Agriculture Investment and Market Development Project (P143417) Productive Partnerships established and functionning Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 7.00 20.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Sub-projects implemented Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 62.00 100.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Post-harvest or processing facilities constructed or rehabilitated Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 4.00 160.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Roads rehabilitated, Rural Unit of Measure: Kilometers Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 193.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Direct project beneficiaries Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 79000.00 100000.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Female beneficiaries The World Bank The Agriculture Investment and Market Development Project (P143417) Unit of Measure: Percentage Indicator Type: Custom Supplement Baseline Actual (Current) End Target Action Value 0.00 45.00 70.00 No Change Commodity platform established Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 1.00 1.00 No Change Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Farmers adopting improved agricultural technology Unit of Measure: Number Indicator Type: Corporate Baseline Actual (Current) End Target Action Value 0.00 7104.00 25000.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Clients who adopted an improved agr. technology promoted by project – female Unit of Measure: Number Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 70.00 No Change Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Foundation seeds produced and distributed Unit of Measure: Metric ton Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 0.00 No Change Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Sorghum The World Bank The Agriculture Investment and Market Development Project (P143417) Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 5.01 205.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Cassava (cuttings) Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 1230000.00 4680000.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Bio-fortified cassava varieties (cuttings) Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 1500.00 550000.00 Revised Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Maize Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 10.35 176.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Certified seeds produced and distributed Unit of Measure: Metric ton Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 0.00 No Change Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 The World Bank The Agriculture Investment and Market Development Project (P143417) Bio-fortified cassava varieties (cuttings) Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 1709000.00 Revised Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Sorghum Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 60.00 2930.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Cassava (cuttings) Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 6688000.00 20890000.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Maize Unit of Measure: Metric ton Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 880.00 4400.00 Revised Date 25-Sep-2014 31-Mar-2017 30-Sep-2019 Women who benefited from labor-saving technologies and equipment Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 25000.00 Revised The World Bank The Agriculture Investment and Market Development Project (P143417) Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Farms that have adopted bio-fortified varieties Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 310.00 Revised Date 25-Sep-2014 30-Nov-2016 30-Sep-2019 Number of participating cooperatives with a Director and a functioning business accounting system Unit of Measure: Number Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 100.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Rate of credit reimbursement of participating cooperatives to partner Financial Institutions (IFPs) Unit of Measure: Percentage Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 75.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Volume of credit granted by IFPs to participating cooperatives (in thousands) Unit of Measure: Amount(USD) Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 2697000.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Agro-Business buyers' rate of satisfaction on achievement of contractual commitments of cooperatives for selected commodities Unit of Measure: Percentage Indicator Type: Custom Baseline Actual (Current) End Target Action Value 0.00 0.00 0.00 New The World Bank The Agriculture Investment and Market Development Project (P143417) Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Cassava production Unit of Measure: Percentage Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 70.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Maize production Unit of Measure: Percentage Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 70.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 Sorghum production Unit of Measure: Percentage Indicator Type: Custom Breakdown Baseline Actual (Current) End Target Action Value 0.00 0.00 70.00 New Date 11-Sep-2017 23-Oct-2017 30-Sep-2019 OPS_DETAILEDCHANGES_COMPONENTS_TABLE COMPONENTS Current Current Proposed Proposed Cost Action Component Name Component Name Cost (US$M) (US$M) Component A: Support to Component A: Support to Agricultural Production, 76.00 Revised Agricultural Production, 65.00 Processing and Marketing Processing and Marketing Component B: Support to Seed Component B: Support to Seed Production and Distribution 11.81 Revised Production and Distribution 9.00 System, Relevant Public Services System, Relevant Public and Technology Transfer The World Bank The Agriculture Investment and Market Development Project (P143417) Services and Technology Transfer Component C: Project Component C: Project 12.19 Revised 12.15 Coordination and Management Coordination and Management TOTAL 100.00 86.15 OPS_DETAILEDCHANGES_REALLOCATION _TABLE REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Financing % Current Allocation Actuals + Committed Proposed Allocation (Type Total) Current Proposed IDA-55340-001 | Currency: XDR iLap Category Sequence No: 1 Current Expenditure Category: GD,WK,NCS,CS Pt A Exp Matching Grts 13,000,000.00 1,096,355.03 23,417,500.00 100.00 100 iLap Category Sequence No: 2 Current Expenditure Category: Matching Grants Pt A(b)(i) 36,100,000.00 5,069,620.89 23,707,500.00 100.00 100 iLap Category Sequence No: 3 Current Expenditure Category: GD,CS,TR Pt B&C Ex B(a)i-iv,cii,C.1 8,800,000.00 763,200.29 5,872,500.00 100.00 100 iLap Category Sequence No: 4 Current Expenditure Category: GD,WK,NCS,CS & TR Pt B(a)i-iii 700,000.00 306,332.65 2,682,500.00 29.30 100 iLap Category Sequence No: 5 Current Expenditure Category: GD,WK,NCS,CS,TR&OP, Pt C.1 4,200,000.00 3,644,817.05 7,120,000.00 63.80 100 iLap Category Sequence No: 6 Current Expenditure Category: PPF REFINANCING 1,800,000.00 1,058,688.88 1,800,000.00 Total 64,600,000.00 11,939,014.79 64,600,000.00 The World Bank The Agriculture Investment and Market Development Project (P143417) Note to Task Teams: End of system generated content, document is editable from here.