Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) Integrated Solid Waste Management and Carbon Finance Project (P106702) LATIN AMERICA AND CARIBBEAN | Brazil | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Financial Intermediary Loan | FY 2011 | Seq No: 10 | ARCHIVED on 22-Dec-2015 | ISR22203 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:02-Nov-2010 Effectiveness Date:30-Jan-2012 Planned Mid Term Review Date:31-Jul-2014 Actual Mid-Term Review Date:29-Oct-2014 Original Closing Date:31-Dec-2015 Revised Closing Date:31-Dec-2015 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to improve the treatment and final disposal of municipal solid waste in Brazil while: (a) supporting (i) the closing of open dumps and the implementation of modern and environmentally safe landfills or alternatives to waste disposal; (ii) improved municipal solid waste management practices; (iii) reduction of poverty among waste pickers; and (iv) increased private sector participation in solid waste service provision; and (b) strengthening Caixa Economica Federal#s capacity to manage carbon finance projects. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1. Infrastructure Investments in Solid Waste Disposal and Treatment:(Cost $44.88 M) Component 2. Technical Assistance, Institutional Strengthening and Project Management:(Cost $6.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Unsatisfactory  Unsatisfactory Overall Implementation Progress (IP)  Unsatisfactory  Unsatisfactory Overall Risk Rating  Moderate  Moderate 12/22/2015 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) Implementation Status and Key Decisions 1. A last disbursement has been requested before the closing date of the Loan. 2. Carbon Finance operations are moving forward. Second CER issuance is expected by January 2016. 3. A new landfill is expected to be included in the CAIXA PoA by Q1 2016. 4. Project will close on December 31, 2015. 12/22/2015 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Low  Low Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Moderate  Moderate Environment and Social  --  Substantial  Substantial Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Increase in volume of waste disposed in environmentally sustainable sanitary landfills (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9000.00 9000.00 4000.00 Date 11-Nov-2010 10-Jun-2015 10-Jun-2015 17-Nov-2011 12/22/2015 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) PHINDPDOTBL  Number of municipalities with investments targeting recycling and composting activities (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7.00 7.00 4.00 Date 11-Nov-2010 10-Jun-2015 10-Jun-2015 17-Nov-2011 PHINDPDOTBL  Number of open dumps closed and monitored (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3.00 3.00 6.00 Date 11-Nov-2010 10-Jun-2015 10-Jun-2015 30-Sep-2015 Overall Comments Intermediate Results Indicators PHINDIRITBL  Growth of Caixa's loan portfolio of project funds (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 862.00 862.00 10.00 Date -- 10-Jun-2015 10-Jun-2015 30-Sep-2015 12/22/2015 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) PHINDIRITBL  Number municipal solid waste projects with private financing (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 4.00 Date 11-Nov-2010 25-Jun-2014 25-Jun-2014 30-Sep-2015 PHINDIRITBL  Number of commercial banks financing or co-financing municipal solid waste projects (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 11-Nov-2010 25-Jun-2014 25-Jun-2014 30-Sep-2015 PHINDIRITBL  Availability of tools for solid waste management and attract private sector participation in final disposal and treatment of municipal solid waste (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 Yes Yes Yes Date 11-Nov-2010 10-Jun-2015 10-Jun-2015 30-Sep-2015 PHINDIRITBL  Number of participating cities with regulatory framework and cost-recovery to adequately manage solid waste services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5.00 Date 11-Nov-2010 25-Jun-2014 25-Jun-2014 30-Sep-2015 12/22/2015 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) PHINDIRITBL  Creation of specific unit within Caixa that manages carbon finance initiatives (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 Yes Yes Yes Date 11-Nov-2010 25-Jun-2014 25-Jun-2014 30-Sep-2015 PHINDIRITBL  Number of carbon finance initiatives managed by Caixa. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 6.00 Date 11-Nov-2010 10-Jun-2015 10-Jun-2015 30-Sep-2015 PHINDIRITBL  Adequate staffing and project management systems in place (financial, M&E) and timely reporting (Progress Reports, Audits) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 4 Progress Value 0 Yes Yes Reports 4 Audits Date 11-Nov-2010 10-Jun-2015 10-Jun-2015 30-Sep-2015 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P106702 IBRD-79640 Effective USD 50.00 50.00 0.00 14.90 35.10 30% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P106702 IBRD-79640 Effective 02-Nov-2010 05-Dec-2011 30-Jan-2012 31-Dec-2015 31-Dec-2015 12/22/2015 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Integrated Solid Waste Management and Carbon Finance Project (P106702) Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/22/2015 Page 7 of 7 Public Disclosure Copy