Document of The World Bank Report No: 67385-GY RESTRUCTURING PAPER ON A PROJECT RESTRUCTURING OF EDUCATION FOR ALL -- FAST TRACK INITIATIVE TF053679 APPROVED ON September 20, 2004 TO THE THE CO-OPERATIVE REPUBLIC OF GUYANA March 23, 2012 ABBREVIATIONS AND ACRONYMS EFA-FTI Education for All – Fast Track Initiative MDGs Millennium Development Goals SFP School Feeding Program RA Remote Area Regional Vice President: Hasan Tuluy Country Director: Françoise Clottes Sector Manager / Director: Chingboon Lee / Keith Hansen Task Team Leader: Hongyu Yang 2 GUYANA — EDUCATION FOR ALL – FAST TRACK INITIATIVE P089324 TF053679 Data Sheet Restructuring Status: Draft Restructuring Type: Level two Last modified on date : 03/23/2012 1. Basic Information Project ID & Name P089324: Education for All – Fast Track Initiative Country Guyana Task Team Leader Hongyu Yang Sector Manager/Director Chingboon Lee Country Director Francoise Clottes Approve date 09/20/2004 Original Closing Date: 10/1/2012 Current Closing Date 10/1/2012 Proposed Closing Date [if applicable] EA Category C-Not Required Revised EA Category C-Not Required EA Completion Date Revised EA Completion Date 2. Revised Financing Plan (US$m) Source Original Revised EFA – FTI Catalytic Trust Fund 4.00 32.92 Total 4.00 32.92 3. Borrower Organization Department Location The Co-operative Republic of Guyana Guyana 4. Implementing Agency Organization Department Location Ministry of Education Guyana 3 5. Disbursement Estimates (US$m) Actual amount disbursed as of 03/6/2012 30.77 Fiscal Year Annual Cumulative 2012 1.00 31.77 2013 1.15 32.92 Total 32.92 6. Policy Exceptions and Safeguard Policies Does the restructured project require any exceptions to Bank policies? N Does the restructured project trigger any new safeguard policies? N 7. Project Development Objectives/Outcomes Original/Current Project Development Objectives/Outcomes The objective of the Project is to support the Recipient in attaining the goal of universal primary school completion for girls and boys by the year 2015 through the EFA-FTI, and particularly through the implementation of the Guyana EFA-FTI Proposal, which is part of the Recipient’s Endorsed Education Sector Plan, as defined in the Agreement between the Government of the Republic of Italy and the Bank, concerning the EFA-FTI Catalytic Trust Fund (TF No. 051061), dated December 9, 2003. 4 GUYANA — EDUCATION FOR ALL – FAST TRACK INITIATIVE P089324 Restructuring Paper TF053679 1. Proceeds for the Guyana EFA – FTI, TF053697 (P089324) will be reallocated as follows: Amount of the Grant Allocated Category % of Financing (expressed in USD) Current Revised Current Revised (1) Works 1,571,354.33 1,571,354.33 100% 100% (2) Goods 4,971,532.75 4,971,532.75 100% 100% (3) Consultants' services 112,326.38 112,326.38 100% 100% (4) RA Incentive 1,128,741.01 1,128,741.01 100% 100% (5) SIP Grants 1,385,000.00 1,385,000.00 100% 100% (6) School Feeding Grants 10,343,000.00 12,719,533.00 100% 100% (7) Operational Costs 792,000.00 792,000.00 100% 100% (8) Training 128,500.00 128,500.00 100% 100% (9) Unallocated 0.00 0.00 (10) Works, Goods, Consultants’ services, RA Incentives, Training 12,487,402.53 10,110,869.53 100% 100% and Operational costs TOTAL AMOUNT 32,919,857.00 32,919,857.00 2. The Guyana Education for All – Fast Track Initiative Project continues performing well. Guyana now has achieved a primary education completion rate of 100 percent. The Project has assisted in the reduction of educational inequalities between coastal and hinterland regions in Guyana. The Community-based School Feeding Program (SFP) benefits 93 out of 138 primary hinterland schools which amount to over 16,625 children. Results of a three year evaluation show significant positive results on school attendance, academic performance, classroom behavior, nutritional status and parent and community participation, especially for the poorest. 3. The proposed reallocation is necessary to reallocate the remaining funds in Category 10 (Works, Goods, Consultants’ Services, RA Incentives, Training and Operational Costs) to Category 6 (SFP). Given the upcoming closing of this Project (October 1, 2012), this reallocation seeks to make use of unspent balances to further the success of the School Feeding Program. 5