The World Bank Implementation Status & Results Report ENREP- Carbon Finance Programme of Activities (P155859) ENREP- Carbon Finance Programme of Activities (P155859) AFRICA EAST | Ethiopia | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2018 | Seq No: 3 | ARCHIVED on 25-Sep-2020 | ISR43594 | Implementing Agencies: Federal Democratic Republic of Ethiopia, Development Bank of Ethiopia Key Dates Key Project Dates Bank Approval Date: 31-May-2018 Effectiveness Date: -- Original Closing Date: Revised Closing Date: -- pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Proposed Development Objective of the grant is to build the capacity of DBE to manage and coordinate carbon finance activities. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Implementation Status and Key Decisions Significant progress was made during the first few months following the last extension in December 2019. Major activities that were pending at the time of extension but are now completed include: a) annual biogas user surveys; b) draft operational manual for two Carbon Finance Programs; c) procurement for international training was finalized by February 2020. Subsequently, by March 2020, clearance was obtained from DBE management for international travel for trainings in India. Since then, the project has experienced a slowdown when alarm bells began to sound on the growing spread of the COVID19 virus at the beginning of April. With lockdowns at national level and travel restrictions in place, the international training activities were put on hold. Consequently, some other grant activities such as regional level training that are dependent on the completion of international training of the core carbon finance team are also impacted and placed on hold. While the project entity anticipated a resumption of travel within a few months, the COVID19 situation unfortunately has not abated. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall -- Moderate Moderate 9/25/2020 Page 1 of 3 The World Bank Implementation Status & Results Report ENREP- Carbon Finance Programme of Activities (P155859) 5. Results Project Development Objective Indicators IN00896384 ►Certified emission reductions (CERs) issuance (Number (Thousand), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 74,378.00 101,000.00 Date 02-Oct-2018 -- 31-Mar-2020 30-Sep-2020 IN00896385 ►Number of staff trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 02-Oct-2018 02-May-2019 31-Mar-2020 30-Sep-2020 IN00896501 ►Biogas user survey conducted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 2.00 2.00 Date 02-Oct-2018 02-May-2019 31-Mar-2020 30-Sep-2020 Intermediate Results Indicators IN00896502 ►Number of regional trainings (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 02-Oct-2018 01-May-2019 31-Aug-2020 30-Sep-2020 IN00896503 ►Number of Stakeholder consultations held (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 02-Oct-2018 -- 31-Aug-2020 30-Sep-2020 9/25/2020 Page 2 of 3 The World Bank Implementation Status & Results Report ENREP- Carbon Finance Programme of Activities (P155859) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Cumulative Disbursements Restructuring History Level 2 Approved on 31-Dec-2019 Related Project(s) There are no related projects. 9/25/2020 Page 3 of 3