The World Bank
   Mali - Economic & Environmental Rehabilitation of the Niger River (P151909)




                                                                                      REPORT NO.: RES38242

                                     DOCUMENT OF THE WORLD BANK




                                         RESTRUCTURING PAPER
                                                  ON A
                                   PROPOSED PROJECT RESTRUCTURING

                                                      OF

              MALI - ECONOMIC & ENVIRONMENTAL REHABILITATION OF THE NIGER RIVER
                                     APPROVED ON MARCH 16, 2018
                                                      TO

                                          MINISTRY OF FINANCE


ENVIRONMENT, NATURAL RESOURCES & THE BLUE ECONOMY

AFRICA




                           Regional Vice President:    Hafez M. H. Ghanem
                                 Country Director:     Soukeyna Kane
                                 Regional Director:    Simeon Kacou Ehui
                       Practice Manager/Manager:       Maria Sarraf
                                Task Team Leader:      Mirko Ivo Serkovic, Cheick Omar Tidiane
                                                       Diallo
           The World Bank
           Mali - Economic & Environmental Rehabilitation of the Niger River (P151909)



I. BASIC DATA

Product Information

Project ID                                                     Financing Instrument
P151909                                                        Investment Project Financing

Original EA Category                                           Current EA Category
Full Assessment (A)                                            Full Assessment (A)

Approval Date                                                  Current Closing Date
16-Mar-2018                                                    15-Sep-2023




Organizations

Borrower                                                       Responsible Agency
Ministry of Finance                                            Agence de Bassin du Fleuve Niger



Project Development Objective (PDO)
Original PDO
The objectives of the Project are to demonstrate the effectiveness of navigation and port service improvement
measures, and demonstrate the feasibility of environmental restoration and livelihood improvement activities at
targeted sites in the Niger Inner Delta (NID), and, in the event of an Eligible Crisis or Emergency, improve the
Recipient’s capacity to respond promptly and effectively to such Eligible Crisis or Emergency.
Summary Status of Financing


                                                                                        Net
Ln/Cr/Tf                  Approval         Signing Effectiveness         Closing Commitment Disbursed Undisbursed

IDA-62040             16-Mar-2018 29-Mar-2018        17-Sep-2018     15-Sep-2023         13.90      1.65           10.98
IDA-D2810             16-Mar-2018 29-Mar-2018        17-Sep-2018     15-Sep-2023         13.90      1.65           11.66


Policy Waiver(s)

Does this restructuring trigger the need for any policy waiver(s)?
No
        The World Bank
        Mali - Economic & Environmental Rehabilitation of the Niger River (P151909)



I. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES

 The project's institutional arrangements are in place and all key project personnel has been recruited. Project activities
 are progressing with the aim to launch the infrastructure works in early 2020. The latest supervision mission was
 conducted in June 2019.

 The proposed restructuring is to reallocate resources from Category 1 to Category 2 of IDA Credit 62040, given that
 there is a shortfall in the amount allocated to Category 2 to repay the project preparation advances. The reallocation is
 due to a system constraint which does not allow a Category overdraw under the Preparatory Advance Refinancing
 Category, despite Bank policy authorizing an overdraw up to 15 percent. Therefore, an official request for the
 Restructuring was not requested from the Recipient.


II. DETAILED CHANGES




REALLOCATION BETWEEN DISBURSEMENT CATEGORIES

                Current
                                               Current             Actuals +            Proposed        Disbursement %
Ln/Cr/TF        Expenditure
                                            Allocation           Committed              Allocation        (Type Total)
                Category
                                                                                                       Current Proposed


 IDA-62040-     GDS,WK,NCS,CS,
                                          9,700,000.00             23,244.88         9,668,000.00       100.00      100.00
 001            OC&TRG
 Currency:      PPF
 EUR            REFINANCING -             1,500,000.00           898,751.74          1,532,000.00
                Q9690, V0530
                EMERGENCY
                                                   0.00                 0.00                  0.00      100.00      100.00
                EXP. PART D
                Total                   11,200,000.00            921,996.62         11,200,000.00