Document of
                     The World Bank


                                           Report No: 73051-CO




                 RESTRUCTURING PAPER

                          ON A

            PROPOSED PROJECT RESTRUCTURING
                         OF THE
PROTECTION OF LAND AND PATRIMONY OF INTERNALLY DISPLACED
                    PERSONS – PHASE III

                   GRANT NO. TF094596


                           TO

                 REPUBLIC OF COLOMBIA




                      October 8, 2012
Regional Vice President:       Hasan Tuluy
      Country Director:        Gloria M. Grandolini
       Sector Manager:         Maninder Gill
     Task Team Leader:         Victoria Stanley



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Restructuring
Restructuring Type: Level two


1. Basic Information
Project ID & Name                          P115630: CO Protection Land and Patrimony of IDP
Country                                    Colombia
Task Team Leader                           Victoria Stanley
Sector Manager/Director                    Maninder Gill/Ede Jorge Ijjasz-Vasquez
Country Director                           Gloria M. Grandolini
Original Board Approval Date               01/15/2009
Original Closing Date:                     10/29/2012
Current Closing Date                       10/29/2012
Proposed Closing Date [if applicable]      1/31/2013
EA Category                                C-Not Required
Revised EA Category                        C-Not Required
EA Completion Date
Revised EA Completion Date


2. Revised Financing Plan (US$m)
Source                                                Original                     Revised
BORR                                                        0.00                          0.00
SPBF                                                        5.00                          5.00
Total                                                       5.00                          5.00


3. Borrower
         Organization                      Department                           Location
IOM                                                                 Colombia


4. Implementing Agency
          Organization                     Department                          Location
Special Administrative Unit for                                    Colombia
Land Restitution


5. Disbursement Estimates (US$m)
Actual amount disbursed as of 09/24/2012                                                    3.96
         Fiscal Year                         Annual                            Cumulative
2013                                                   0.00                                 3.96
                                                   Total                                    3.96


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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                N
from the checklist below and update ISDS accordingly before submitting the package.




7a. Project Development Objectives/Outcomes
Original/Current Project Development Objectives/Outcomes
The main objective of the project is to diminish the risk of impoverishment of displaced persons and
contribute to the peace-building process in Colombia by promoting the application of measures to protect
their patrimonial assets, provision of land titles for those IDPs whose rights have been protected but do not
have legal titles, and proposing public policy initiatives for restitution of properties to IDPs.



7b. Revised Project Development Objectives/Outcomes [if applicable]

n/a




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       THE COLOMBIA PROTECTION OF LAND AND PATRIMONY OF
             INTERNALLY DISPLACED PERSONS – PHASE III
                         P118630/ TF094596
                        Restructuring Paper


SUMMARY

The objective of the Project is of the project is to diminish the risk of impoverishment of
displaced persons and contribute to the peace-building process in Colombia by promoting
the application of measures to protect their patrimonial assets, provision of land titles for
those IDPs whose rights have been protected but do not have legal titles, and proposing
public policy initiatives for restitution of properties to IDPs.

The Grant Recipient, the Special Administrative Unit for Land Restitution, through the
Ministry of Agriculture and Rural Development, requested the Bank on July 6, 2012 an
extension of 2 years and an additional US$1.0 million from the State and Peace Building
Fund.

The proposed extension of three months to January 31, 2013 is intended to provide
sufficient time for the processing of this request for additional financing. It is important
to mention that the proposed changes would not alter the objective, components,
activities, or deliverables of the Project, neither would they imply a change to the
Project’s safeguards.

PROJECT STATUS

The Project was declared effective on October 29, 2009. It is being executed with
diligence and commitment by the Grant Recipient, Special Admin Unit, and has achieved
91% of the goals regarding protection of IDPs’ land rights, 82% on land titling and 100%
of the goals related to the public policies on land restitution.

Currently, 79% of the Grant has been disbursed while the Project’s closing date is
October 29, 2012.

The 2011 external audit has been completed with unqualified results, demonstrating that
all agreed procedures and guidelines have been complied with.

PROPOSED CHANGES

The proposed extension is necessary to complete the processing of the Governments’
request for additional financing of US$1.0 million from the State and Peace Building
Fund.




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