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Disclosable Restructuring and (or) Additional Financing Paper - Supporting Smart Urban Water Management in the Recife Metropolitan Region (RETF) - P173621 (Inglês)

The objective of the Additional Financing of the Supporting Smart Urban Water Management in the Recife Metropolitan Region Project for Brazil is to improve the non-revenue water management program and support the modernization of water supply and sanitation service delivery in the Recife Metropolitan Region, through the piloting of innovative smart water approaches. The context of a pandemic and the consequent economic impact generated, led the Government of the United Kingdom (UK) to reduce the budget for its Official Development Assistance, which finances the Future City Program. Accordingly, on June 24, 2021 the UK informed COMPESA of the situation and communicated the need for an anticipated closure of all activities of the Program by the end of 2021, as well as the reduction of its scope. COMPESA has done an intensive work of re-prioritization and re-planning of activities, considering the delivery capacity and the optimization of the available resources; however, given the limited implementation timeline and the reduced scope, COMPESA decided to request a cancellation of the RETF as presented in the letter ‘Carta de Solicitacao de Cancelamento do Acordo de Doacao TF0B5246’ dated June 30, 2021.

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