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1 Public Disclosure Authorized LATIN AMERICA AND CARIBBEAN Brazil Urban Development Global Practice IBRD/IDA Development Policy Lending FY 2013 Seq No: 4 ARCHIVED on 27-Apr-2015 ISR18749 Implementing Agencies: Public Disclosure Authorized Key Dates Key Project Dates Board Approval date:14-jun-2013 Planned Mid Term Review Date:-- Original Closing Date:31-Dec-2014 Program Development Objectives Effectiveness Date:16-Dec-2013 Actual Mid-Term Review Date:03-Dec-2014 Revised Closing Date:31-Dec-2014 Public Disclosure Authorized Public Disclosure Authorized Program Development Objective (from Program Document) The objective of the proposed operation is to support integrated and sustainable urban development and reduce social vulnerability in Belo Horizonte. PHRPDODEL Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The loan became effective in December 2013, was fully disbursed, and closed on December 31st, The Municipal Government of Belo Horizonte (PBH Prefeitura de Belo Horizonte) made steady progress in the implementation of policies under the three pillars of the DPL: (i) inclusive urban development; (ii) green and sustainable practices; and (iii) socially and fiscally sustainable urban governance. Notable advances include (i) 16,342 families benefited from land regularization, compared to the goal of 12,155 (indicator no. 1); (ii) the number of new low incoming housing units reached 13,575, exceeding the goal of 5,302 (indicator no.2); (iii) 98% of users are satisfied with the customer service that they receive from BH Resolve compared to a target of 90% (indicator no. 9); and (iv) 72% of projects decided by the community are included in the city s multiyear plan, surpassing the goal of 25% (indicator no.14). However, five of the project s 16 indicators were not met by the close of the project at the end of December Nevertheless, the project highlighted the strong technical capacity of the PBH and the policies developed can serve as examples of effective practices for other municipalities in Brazil and the region. Similarly, the project was only the Bank s second Development Policy Loan at the municipal level and first focused on urban development, and yielded many valuable insights on development policy lending at the municipal level. 4/27/2015 Page 1 of 7

2 Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Low Low Macroeconomic -- Low Low Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Low Low Environment and Social -- Low Low Stakeholders -- Low Low Other -- Low Low Overall -- Moderate Moderate Results Results Indicators 4/27/2015 Page 2 of 7

3 Number of households benefiting from land regularization between 2009 and (Number, Custom) Value Number of new housing starts of formally developed low-income housing units. (Number, Custom) Value Number of plots transferred by CAIXA (Number, Custom) Value Number of people remaining in social housing developments after 2 years (Percentage, Custom) Value /27/2015 Page 3 of 7

4 Number of families with a dedicated action plan implemented (Number, Custom) Value Percentage of female-headed households with a dedicated action plan (Percentage, Custom) Value Number of rehabilitated homes as a result of the program (Number, Custom) Value Date 01-Dec Dec Dec Dec-2013 Number of services rendered at BH Resolve units (Number, Custom) Value /27/2015 Page 4 of 7

5 Percentage of users rating the services rendered as good or excellent at BH Resolve units (Percentage, Custom) Value Date 01-Jan Oct Oct Dec-2013 Municipal Change Climate Action Plan that integrates and benchmarks existing sector-specific initiatives in solid waste, water, energy and urban forestry sectors (Number, Custom) Value Consolidated database of: (i) hydrological and climate-related parameters; and (ii) disaster events and damages. (Number, Custom) Value Number of monthly performance reports of the early warning system issued (Number, Custom) Value /27/2015 Page 5 of 7

6 Percentage of results completed yearly according to schedule (Percentage, Custom) Value Effective demand of projects decided by the community that are includeed in the city's multi-year plan. (Percentage, Custom) Value Increase in the number of civil society participants in participatory processes (OP Digital, OP Regional, PPR) (Percentage, Custom) Value Civil servants retirement plan actuarial deficit (Amount(USD), Custom) Value Date 01-Jan Dec Dec Dec-2013 Overall Comments Data on Financial Performance Disbursements (by loan) 4/27/2015 Page 6 of 7

7 PHTRANCHESEC Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P IBRD Closed USD % Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P IBRD Closed 14-Jun Dec Dec Dec Dec-2014 Tranches Tranche 04 Description Tranche 1: USD 200,000, Amount (USD) Expected Release Date Actual Release Date Status Pending Tranche Condition Description Status If Not Met If Delayed Restructuring History There has been no restructuring to date. Related Operations There are no related projects. 4/27/2015 Page 7 of 7