Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) Cusco Regional Development (P117318) LATIN AMERICA AND CARIBBEAN | Peru | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Investment Project Financing | FY 2014 | Seq No: 7 | ARCHIVED on 01-Feb-2017 | ISR26698 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:22-Nov-2013 Effectiveness Date:03-Nov-2014 Planned Mid Term Review Date:12-Sep-2016 Actual Mid-Term Review Date:05-Sep-2016 Original Closing Date:31-Jan-2019 Revised Closing Date:31-Jan-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) To improve the quality of tourism and solid waste management services and increase the resilience of the tourism sector to the impacts of natural disasters in the provinces of Calca, Urubamba, and Cusco. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Development and Consolidation of Tourism Services:(Cost $25.00 M) Integrated Solid Waste Management:(Cost $18.40 M) Disaster Risk Management and Disaster Preparedness:(Cost $2.60 M) Institutional Strengthening, Management and Monitoring and Evaluation:(Cost $6.10 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Unsatisfactory  Moderately Unsatisfactory Overall Implementation Progress (IP)  Moderately Unsatisfactory  Moderately Unsatisfactory 2/1/2017 Page 1 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) Overall Risk Rating  High  High Implementation Status and Key Decisions The Project was approved by the Board on November 22, 2013. The Loan Agreement was signed by the Ministry of Economy and Finance and the Bank on July 24, 2014, and was declared effective on November 3, 2014. To date, the Bank has received and processed one disbursement request of US$1 million in early April 2016. Funds are being used primarily for the Tourism design work, the launching of the Competitive Fund, the construction of Urubamba and Calca landfills, the purchase of trucks and other equipment for these two municipalities, and the design studies for the Disaster Risk Management component. 2/1/2017 Page 2 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) 2/1/2017 Page 3 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) 2/1/2017 Page 4 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) 2/1/2017 Page 5 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) 2/1/2017 Page 6 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  High  High Institutional Capacity for Implementation and Sustainability  --  High  High Fiduciary  --  Moderate  Moderate Environment and Social  --  High  High 2/1/2017 Page 7 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) Stakeholders  --  High  High Other  --  --  -- Overall  --  High  High Results Project Development Objective Indicators PHINDPDOTBL  Percent reduction in the dissatisfaction rating of the upgraded tourism sites under the Project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 447,285.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 51.40 PHINDPDOTBL  Number of people (tourists and residents) in the Project area from whom waste is collected and disposed in one of the Project sanitary landfills (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 447,285.00 2/1/2017 Page 8 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDPDOTBL  Number of people (tourists and residents) covered by a functioning early warning system for natural disasters under the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 27,500.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 Overall Comments Intermediate Results Indicators PHINDIRITBL  Existing tourism sites equipped with improved infrastructure installments (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDIRITBL  Pilot Competitive Fund for Tourism for small businesses in the Sacred Valley operational (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 2/1/2017 Page 9 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) PHINDIRITBL  Industrial and municipal waste disposal capacity created under the project (Metric ton, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 390.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDIRITBL  Informal and formalized recyclers (households) benefiting from Project social inclusion activities. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 102.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDIRITBL  Number of Provincial sanitary landfills constructed under the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDIRITBL  Number of municipalities provided with equipment and works for improved collection, recycling and street sweeping (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 16.00 Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 2/1/2017 Page 10 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) PHINDIRITBL  Emergency Preparedness Plan established for tourists (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 PHINDIRITBL  Strategic Regional Plan updated for prevention and reduction of disaster risk (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Jan-2014 08-Jul-2016 17-Jan-2017 31-Jan-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P117318 IBRD-83060 Effective USD 35.00 35.00 0.00 1.00 34.00 3% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P117318 IBRD-83060 Effective 22-Nov-2013 24-Jul-2014 03-Nov-2014 31-Jan-2019 31-Jan-2019 Cumulative Disbursements 2/1/2017 Page 11 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Cusco Regional Development (P117318) Restructuring History Level 2 Approved on 16-Jul-2014 Related Project(s) There are no related projects. 2/1/2017 Page 12 of 12 Public Disclosure Copy