The World Bank Implementation Status & Results Report Oromia Forested Landscape Program – Emission Reduction Project (P151294) Oromia Forested Landscape Program – Emission Reduction Project (P151294) EASTERN AND SOUTHERN AFRICA | Ethiopia | Environment, Natural Resources & the Blue Economy Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2023 | Seq No: 1 | ARCHIVED on 24-May-2023 | ISR55865 | Implementing Agencies: Ethiopia Forest Development, Federal Democratic Republic of Ethiopia Key Dates Key Project Dates Bank Approval Date: 02-Feb-2023 Effectiveness Date: 09-Feb-2023 Planned Mid Term Review Date: 01-Dec-2025 Actual Mid-Term Review Date: Original Closing Date: 31-Dec-2028 Revised Closing Date: 31-Dec-2028 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project will generate measured, reported and verified Emissions Reductions (ER) from reduced deforestation, forest degradation, enhancement of forest carbon stocks (REDD+), agriculture and other land use sectors that meet the GHG accounting requirements of the BioCF ISFL in the Oromia State and will distribute ER payments in accordance with an agreed benefit sharing plan. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan:(Cost $60.00 M) Comprehensive Measurement, reporting and verification (MRV) system and program management including Safeguards Management system:(Cost $1.95 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions This ISR is based on the implementation support mission conducted from March 27- April 04, 2023. The project legal agreements were signed during a ceremony February 9, 2023. Currently, the Two PIUs ( the Livestock and Fisheries Sector Development Project PIU and the Oromia Forested Landscape Project PIU) are preparaing the first annual workplan, and updating the procurement plan, which will be shared with the Bank by April 30, 2023. 5/24/2023 Page 1 of 5 The World Bank Implementation Status & Results Report Oromia Forested Landscape Program – Emission Reduction Project (P151294) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High -- High Macroeconomic Substantial -- Substantial Sector Strategies and Policies Moderate -- Moderate Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Substantial -- Substantial Sustainability Fiduciary Substantial -- Substantial Environment and Social Substantial -- Substantial Stakeholders Substantial -- Substantial Other -- -- -- Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes To Incentivize the generation of measured, reported and verified Emissions Reductions Credits (ERCs) IN01285551 ►Volume of CO2e Emission reductions that have been measured and reported by the Program Entity, and verified by a Third Party (tCO2e) (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4,000,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285552 ►MRV systems set up and functional for all relevant land-use sectors (forest degradation, livestock, and land-use change) (Yes/No) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285553 ►Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan (Yes/No) (Yes/No, Custom) 5/24/2023 Page 2 of 5 The World Bank Implementation Status & Results Report Oromia Forested Landscape Program – Emission Reduction Project (P151294) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 Overall Comments PDO The project was recently launched and progress has not yet been made on the project indicators. Intermediate Results Indicators by Components Distribution of ERC payments following the Benefit Sharing Plan IN01285554 ►People in forest & adjacent community with monetary/non-monetary benefit from forest (Number) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 400,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285555 ►Communities that have received monetary and non-monetary benefits from the Program (Number) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285556 ►Number of people involved in registered cooperatives that are engaged in forestry and/or livestock-related income generation activities and receiving benefits from the ER Program (Number) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 25,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285557 ►Number of women involved in registered cooperatives that are engaged in forestry and/or livestock-related income generation activities and receiving benefits from the ER Program (Number) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 15,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 Generation of Emission Reduction Credit 5/24/2023 Page 3 of 5 The World Bank Implementation Status & Results Report Oromia Forested Landscape Program – Emission Reduction Project (P151294) IN01285558 ►Volume of for-profit private sector finance leveraged to contribute to OFLP objectives (Amount(USD)) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20,000,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285559 ►Number of smallholder farmers in private sector schemes adopting improved agricultural practices (Number) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 IN01285560 ►Volume of not-for-profit finance (public or private) leveraged to contribute to OFLP objectives (Amount(USD)) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30,000,000.00 Date 01-Jan-2022 -- 04-Apr-2023 31-Dec-2029 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P151294 TF-B9869 Effective USD 1.20 1.20 0.00 0.00 1.20 0%% P151294 TF-B9878 Effective USD 0.75 0.75 0.00 0.00 0.75 0%% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151294 TF-B9869 Effective 02-Feb-2023 09-Feb-2023 09-Feb-2023 31-Dec-2028 31-Dec-2028 P151294 TF-B9878 Effective 02-Feb-2023 09-Feb-2023 09-Feb-2023 30-Jun-2025 30-Jun-2025 Cumulative Disbursements 5/24/2023 Page 4 of 5 The World Bank Implementation Status & Results Report Oromia Forested Landscape Program – Emission Reduction Project (P151294) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 5/24/2023 Page 5 of 5