The World Bank
   Landscape Approach to Forest Restoration and Conservation (LAFREC) (P131464)




                                                                                  REPORT NO.: RES38259

                                   DOCUMENT OF THE WORLD BANK




                                       RESTRUCTURING PAPER
                                                ON A
                                 PROPOSED PROJECT RESTRUCTURING

                                                    OF

            LANDSCAPE APPROACH TO FOREST RESTORATION AND CONSERVATION (LAFREC)
                                  APPROVED ON AUGUST 27, 2014
                                                    TO

                                             MINECOFIN


ENVIRONMENT, NATURAL RESOURCES & THE BLUE ECONOMY

AFRICA




                         Regional Vice President:    Hafez M. H. Ghanem
                               Country Director:     Carlos Felipe Jaramillo
                               Regional Director:    Ede Jorge Ijjasz-Vasquez
                     Practice Manager/Manager:       Iain G. Shuker
                              Task Team Leader:      Pablo Cesar Benitez Ponce
           The World Bank
           Landscape Approach to Forest Restoration and Conservation (LAFREC) (P131464)



I. BASIC DATA

Product Information

Project ID                                                     Financing Instrument
P131464                                                        Investment Project Financing

Original EA Category                                           Current EA Category
Partial Assessment (B)                                         Partial Assessment (B)

Approval Date                                                  Current Closing Date
27-Aug-2014                                                    31-Dec-2019




Organizations

Borrower                                                       Responsible Agency
MINECOFIN                                                      REMA, Ministry of Environment



Project Development Objective (PDO)
Original PDO
The project development and the global environmental objective is to demonstrate landscape management for
enhanced environmental services and climate resilience in one priority landscape.
Summary Status of Financing


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

TF-17782               01-Oct-2014   01-Oct-2014 12-Dec-2014 31-Dec-2019                 4.05   2.68        1.37
TF-17783               01-Oct-2014   01-Oct-2014 12-Dec-2014 31-Dec-2019                 5.49   3.70        1.79


Policy Waiver(s)

Does this restructuring trigger the need for any policy waiver(s)?
No


I. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES
           The World Bank
           Landscape Approach to Forest Restoration and Conservation (LAFREC) (P131464)




 The project is making good progress towards achieving the project development objective. The project extension will
 help to finalize the development of a Flood Early Warning System (FEWS), set up community livelihood projects and
 ecosystem restoration activities. Delays in the FEWS development were caused by technical problems in obtaining
 topographic survey data, which subsequently delayed the development of flood models (hydrological and hydraulic)
 and the necessary flood hazard maps. This delay also impacted the time frame for the community design of flood
 mitigation measures.


II. DETAILED CHANGES


LOAN CLOSING DATE(S)


                                       Original                Revised               Proposed      Proposed Deadline
Ln/Cr/Tf        Status                 Closing               Closing(s)                Closing        for Withdrawal
                                                                                                         Applications
TF-17782        Effective          31-Dec-2019                                    31-Dec-2020             30-Apr-2021
TF-17783        Effective          31-Dec-2019                                    31-Dec-2020             30-Apr-2021