Public Disclosure Authorized LATIN AMERICA AND CARIBBEAN OECS Countries Environment & Natural Resources Global Practice Global Environment Project Specific Investment Loan FY 2012 Seq No: 10 ARCHIVED on 29-Dec-2015 ISR22290 Implementing Agencies: Public Disclosure Authorized Key Dates Key Project Dates Bank Approval Date:04-Aug-2011 Planned Mid Term Review Date:15-Sep-2014 Original Closing Date:31-Dec-2016 Global Environmental Objectives Effectiveness Date:18-Nov-2011 Actual Mid-Term Review Date:16-Sep-2014 Revised Closing Date:31-Dec-2016 Public Disclosure Authorized Global Environmental Objective (from Project Appraisal Document) To contribute to enhancing the long-term sustainability of Protected Area networks in the Participating Countries by: (i) establishing sustainable financing mechanisms; (ii) strengthening of the Marine Protected Area networks; and (iii) deploying a regional monitoring and information system for the Protected Area networks. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Public Disclosure Authorized Name Component 1: Establishment of sustainable financing mechanisms:(cost $7.60 M) Component 2: Strengthening and phased expansion of Marine Protected Area Networks:(Cost $0.25 M) Component 3: Deployment of a regional monitoring and information system:(cost $0.34 M) Component 4: Project management and coordination:(cost $0.56 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of GEO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial 12/29/2015 Page 1 of 9
Implementation Status and Key Decisions The project grant agreement was signed on Sept 6, 2011. The project was declared effective on November 18, 2011 and the closing date is December 31, 2016. Progress on each of the components is given below: Component 1: Component 1a is successfully implemented, which created the Caribbean Biodiversity Fund (CBF), a registered Charity, formed under the laws of the United Kingdom. At the end of October 2015, it had approximately $31 million under investment. Component 1b, which will put in place national-level protected areas trust funds (NPATFs) in each of the 5 OECS countries, has advanced this last period with an additional NPATF formed (St. Vincent & the Grenadines). As of December 2015, the Cabinets of Ministers in all but one project geography (St. Kitts & Nevis) have endorsed the formation of the NPATFs. Vertical Agreement materials have been shared with the NCTFs in all geographies. The legal agreement establishes the terms and conditions of the relationship between the CBF and the country level NPATF. A recent achievement was the Cabinet approval of the St. Vincent & the Grenadines Conservation Fund- entity was formed under the laws of St. Vincent & the Grenadines in December 2015. The process to recruit an executive director is underway. The implementation of sustainable finance mechanisms has been slow but is expected to speed up as the NCTFs are established and Executive Directors come on board. Detailed feasibility assessments and implementation plans for priority mechanisms have been finalized and will be key tools for the Executive Directors. Component 2: Work is progressing well on the Woburn Clarke s Court Bay Protected Area demonstration activity to determine water quality baselines and design a community-based water quality improvement program. Water quality testing took place in June 2015 to establish a baseline and a second round of tests were conducted in August 2015. In October, the team provided training to the Marine Protected Area staff, community members, and university staff on suitable water quality testing protocols. An additional demonstration activity is programmed in Antigua & Barbuda. The project will be financing the use of drone equipment to demonstrate enhanced monitoring of mangroves and other biophysical indicators in protected areas and buffer zones. Component 3: The project financed the design and implementation of CaribNode, a decision support tool. In September, TNC facilitated an Eastern Caribbean Marine Managed Areas Monitoring Program workshop. This workshop was financed, largely, under the aegis of the E. Caribbean Marine Managed Areas Network project, and aimed at improving and updating an Eastern Caribbean Decision Support System (ECDSS) (CaribNode) that provides accessible decision making tools for Protected Area managers and others, incorporating current ecological, socioeconomic, and climate change data. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate 12/29/2015 Page 2 of 9
PHINDGEOTBL PHINDGEOTBL Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Substantial Substantial Institutional Capacity for Implementation and Sustainability -- Substantial Substantial Fiduciary -- Low Low Environment and Social -- Low Low Stakeholders -- Low Low Other -- -- -- Overall -- Substantial Substantial Results Global Environmental Objective Indicators 1. Caribbean Biodiversity Fund (CBF) is operational with a Board, a Secretariat, an asset manager, a work program and has an endowment of US$15 million for the Participating Countries to generate inco(amount(usd), Custom) Value 0.00 31000000.00 31000000.00 15000000.00 Date 04-Aug-2011 04-May-2015 21-Dec-2015 30-Dec-2016 2. The national level trust funds (NPATFs) provide recurrent financing per year for 3 of the 5 participating countries(amount(usd), Custom) Value 0.00 0.00 0.00 3.00 12/29/2015 Page 3 of 9
PHINDGEOTBL PHINDGEOTBL 4. At least two demonstration sites generate useful MPA management information and lessons for other Project Participating Countries and for increased dissemination to MPA managers in the Caribbean re(number, Custom) Value 0.00 0.00 0.00 2.00 5. A region-wide, open access, web-based monitoring system for effective PA management is operational and the outputs are availableto natural resources managers at the national and regional levels(text, Custom) Value Various databases exist but not a single one with all relevant indicators A single database exists A single database exists User friendly PA data and reports are available for natural resource managers. Overall Comments PDO indicator 1 is 100% attained PDO Indicator 2 is approximately 25% attained PDO Indicator 4 is approximately 40% attained PDO Indicator 5 is 100% attained Intermediate Results Indicators 1.1 The CBF is established with a governance structure and operating rules (Text, Custom) Value 0 CBF Established completely CBF Established completely CBF established along with a Secretariat, an Asset Manager and operating rules and bylaws. Date 04-Aug-2011 05-May-2015 21-Dec-2015 30-Jan-2014 12/29/2015 Page 4 of 9
1.2 The CBF is generating investment income for disbursement to NPATFs (Text, Custom) Value 0 CBF generating investments at approximately 7-8% CBF generating investments at approximately 7-8% Investment income from the CBF capital is available for disbursement Date 04-Aug-2011 05-May-2015 21-Dec-2015 31-Dec-2014 Sustainable financing mechanisms and/or a financial complement provide resources for long term management and use of PAs in each participating country. Target Value: By year 5 at least 3 NPATFs recei (Text, Custom) Value CBF has not provided any funds to NPATFs CBF has not provided any funds CBF has not provided any funds By year 5 at least 3 countries receive funds from the CBF Core Indicator (Amount(USD), Custom Supplement) Value 0.00 0.00 0.00 3.00 1.4 National sustainable financing plans completed in all participating countries and adopted by at least three Governments. (Number, Custom) Value 2.00 2.00 2.00 3.00 Comments Only two sustainable financing plans were completed. No further ones are anticipated due to the funding shortage. Financial resources were redirected from this activity to activities that established the NPATFs and the sustainable financing mechanism. These were thought to be more central to achieving the developmental objective. 12/29/2015 Page 5 of 9
1.5Each Participating Country adopted/implemented financing mechanisms and/or a financial complement to generate additional resources to at least complement the investment income from the endowment fu (Number, Custom) Value 0.00 0.00 0.00 2.00 Comments Sustainable Financing Mechanisms are complete for two countries (St Lucia and Grenada). Implementation is underway in St. Lucia. 2.2 Demonstration of good management practices for MPA are implemented in at least two MPAs (Number, Custom) Value 0.00 0.00 0.00 2.00 Date 04-Aug-2011 09-Oct-2014 21-Dec-2015 30-Dec-2016 2.3 Lessons learned from the two demonstration sites are disseminated through workshops, publications and websites among the MPA managers and policy makers in the Project Participating Countries (Text, Custom) Value None None None Lessons are widely shared within the region Date 04-Aug-2011 09-Oct-2014 21-Dec-2015 30-Dec-2016 3.1 Relevant biodiversity; ecological, economic, and social indicators for effective management of PA network in the Participating Countries are identified and begin to be monitored (Text, Custom) Value None Completed Completed Regional monitoring and information system is operational Date 04-Aug-2011 05-May-2015 21-Dec-2015 31-Dec-2015 Comments The indicators were chosen with the Government teams and the database was set up with established data. In terms of monitoring 12/29/2015 Page 6 of 9
however, this is beyond the control of the project since it does not provide the funds for future monitoring. Instead, TNC's ECCMAN project is providing some funds to extend data collection. 3.2 A standardized, web-based information system for housing the data collected is established and made accessible to users in the region through an electronic portal (Text, Custom) Value None Databases created for all the countries Databases created for all the countries Databases created in all of the Participating Countries and is accessible to users Natural resource managers and other key stakeholders apply the regional monitoring and information system outputs to the managementof PA network (Text, Custom) Value None None None User friendly PA data and reports are available for decision makers Date 04-Aug-2011 09-Oct-2014 21-Dec-2015 30-Dec-2016 4.1 Project staff, including at the national and regional levels, are in place and functioning at all times during the Project withsufficient capacity to carry out all Project activities (Text, Custom) Value Regional level personnel exist with sufficient capacity but capacity needs to be strengthened at the national level Complete Complete All personnel are hired to carry out Project activities at regional and national level Date 04-Aug-2011 18-Jun-2014 18-Jun-2014 31-Dec-2013 12/29/2015 Page 7 of 9
4.2 Quarterly operational and financial status reports prepared and submitted to the bank (Text, Custom) Value None -- -- Operational anf financial reports submitted to the Bank Date 04-Aug-2011 09-Oct-2014 09-Oct-2014 30-Mar-2012 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P103470 TF-10220 Effective USD 8.75 8.75 0.00 7.85 0.90 90% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P103470 TF-10220 Effective 06-Sep-2011 06-Sep-2011 18-Nov-2011 31-Dec-2016 31-Dec-2016 Cumulative Disbursements 12/29/2015 Page 8 of 9
Restructuring History Level 2 Approved on 27-Mar-2014 Related Project(s) There are no related projects. 12/29/2015 Page 9 of 9