The World Bank Implementation Status & Results Report First Green and Climate Resilient Development Credit (P179079) First Green and Climate Resilient Development Credit (P179079) SOUTH ASIA | Bangladesh | IBRD/IDA | Development Policy Financing (DPF) | FY 2023 | Seq No: 1 | Archived on 28-May- 2024 | ISR00307 Implementing Agencies: Finance Division, Ministry of Finance 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 26-Apr-2023) To support the Government of Bangladesh to transition to green and climate resilient development by (i) enhancing public planning, financing, and delivery of green and climate resilient interventions; and (ii) promoting key sector reforms for greener and more efficient production and services. Has the Development Objective been changed since Board Approval of the Project Objective? No 2. OVERALL RATINGS Name Current Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Substantial Comments Overall, the program is being properly managed at each line agency and coordinated by the Ministry of Finance (MoF). However, there is room to improve the monitoring and evaluation (M&E) system in place. The Bank team is proposing a more structured M&E plan to the MoF, including regular meetings and consolidated progress reports based on inputs from line agencies. 3. KEY ISSUES & STATUS 3.1 Implementation Status and Key Decisions The Government of Bangladesh (GoB) has reiterated its commitments towards green and climate resilient development (GCRD). As expected, it takes some time for the ministries to build awareness among their staff and citizens, and to fully May 29, 2024 Page 1 of 6 The World Bank Implementation Status & Results Report First Green and Climate Resilient Development Credit (P179079) incorporate new rules, procedures, and practices in their daily activities. However, all agencies have gradually implemented the policy reforms supported in the first GCRD Credit. In most cases, the World Bank and other development partners have provided (or are planning to) additional implementation support to the agencies through investment credits and technical assistance. 4. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Risk Category Approval Package - 27 Apr Proposed Rating 2023 Political and Governance Moderate Moderate 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 Moderate Moderate Environment and Social Moderate Moderate Stakeholders Substantial Substantial Overall Substantial Substantial May 29, 2024 Page 2 of 6 The World Bank Implementation Status & Results Report First Green and Climate Resilient Development Credit (P179079) 5. RESULTS 5.1 Indicators by Pillars A. Enhancing public planning, financing, and delivery of green and climate resilient interventions Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Bangladesh’s score in Score D Apr/2023 Score D 06-May-2024 Score D 06-May-2024 Score C Jun/2026 Dimension 1 - Budget Comments on Post-DPC2, a targeted PEFA assessment will be done, requiring active involvement from the Alignment with Climate achieving targets Ministry of Finance. This will allow the GoB and the Bank to measure this indicator. Change Strategies of the PEFA Assessment (Text) BDP projects with 1 Dec/2022 3 06-May-2024 3 06-May-2024 15 Jun/2026 Development Project Comments on Indicator 2 is linked to DPC 2 trigger on the effective implementation of the Bangladesh Delta Proformas approved by achieving targets Plan (BDP). ECNEC, based on 5-year re- prioritized investment program and ADM principles (Number) 0 Jun/2022 0 06-May-2024 0 06-May-2024 7 City Jun/2026 City Corporations and Corporations Category A Pourashavas and 100 publishing Annual Reports Category A on Green and Climate Pourashavas Expenditures that reflect Comments on The indicator is linked to adoption of DPC 2 on new guidelines for the ULGIs to apply GCR more than 10 percent achieving targets criteria in local planning, financing, and implementation of the investment and services, spending of block grant which is likely to be achieved by 2026. May 29, 2024 Page 3 of 6 The World Bank Implementation Status & Results Report First Green and Climate Resilient Development Credit (P179079) resources in GCR projects (Number) Women-owned businesses 0 Jun/2022 0 06-May-2024 0 06-May-2024 7 Jun/2026 submitting bids in public Comments on The indicator is linked to the policy triggers of DPC 2 and 3. procurement per fiscal year achieving targets (Percentage) Procurement processes of 0 Jun/2022 0 06-May-2024 0 06-May-2024 200 million Jun/2026 selected Public Sector Comments on The indicator is linked to the policy triggers of DPC 2 and 3. Organizations using SPP achieving targets rated criteria in relevant contracts per fiscal year (Amount(USD)) Industry units, project 6744 Dec/2022 7609 06-Dec-2023 7609 06-Dec-2023 7500 Dec/2025 facilities and individuals Comments on In DPC2, the Bank team will revisit and make this target more ambitious, considering that inspected by DoE’s achieving targets DoE has already achieved it. Enforcement Wing and mobile courts for environmental compliance per calendar year (Number) B. Promoting key sector reforms for climate-smart production and services Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Rural and urban households 89.5 percent Jun/2022 89.5 percent 06-May-2024 89.5 percent 06-May-2024 85 percent of Jun/2026 using solid fuels as primary of rural of rural of rural rural cooking fuels (Percentage) households households households households and 42 and 42 and 42 and 37 May 29, 2024 Page 4 of 6 The World Bank Implementation Status & Results Report First Green and Climate Resilient Development Credit (P179079) percent of percent of percent of percent of urban urban urban urban households households households households Comments on The baseline data is collected from the Bangladesh Population Census. It will be updated achieving targets with the next Bangladesh Sample Vital Statistics, to be released in December 2024. Cumulative energy savings 0 Jun/2022 0 06-May-2024 0 06-May-2024 1,000 Jun/2026 from the new provisions of Comments on SREDA will estimate the first savings by January 2025, especially after the voluntary period of EECR, BEEER and MEPS achieving targets the EECR and first months of implementation of BEEER and MEPS. (Gigawatt-hour (GWh)) Government expenditure in 150 million Jun/2022 150 million 06-May-2024 150 million 06-May-2024 50 million Jun/2026 fuel subsidies for diesel Comments on Progress towards target is expected to increase exponentially after DPC2. (HSD), heavy fuel oil (HSFO) achieving targets and octane (Amount(USD)) Liquid fuel (HSD and HSFO) 4.92 million Jun/2022 4.92 million 06-May-2024 4.92 million 06-May-2024 3.25 million Jun/2026 used annually for power Comments on Progress towards target is expected to increase exponentially after DPC2. generation (Tones/year) achieving targets 0 Jun/2022 13 06-May-2024 13 06-May-2024 30 Jun/2026 New municipalities with Comments on Under PA4 of DPC 1, 29 of 30 Pourashavas have developed and sent their Tariff Structures to water tariff models achieving targets District Commissioners for approval, with 13 approved and 16 pending reviews. Given the (Number) Tariff Framework's role in by-laws, it may be assumed these 29 Pourashavas have also prepared by-laws, with 13 already submitted to LGD post-approval. The remaining 16 are expected to submit to LGD once their tariffs are vetted. May 29, 2024 Page 5 of 6 The World Bank Implementation Status & Results Report First Green and Climate Resilient Development Credit (P179079) 6. DATA ON FINANCIAL PERFORMANCE 6.1 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IDA-73020 Effective 335.98 335.98 0.00 341.16 0.00 100.00% IDA-73010 Effective 164.02 164.02 0.00 166.54 0.00 100.00% 6.2 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IDA-73010 Effective 27-Apr-2023 28-Apr-2023 05-May-2023 30-Jun-2024 30-Jun-2024 IDA-73020 Effective 27-Apr-2023 28-Apr-2023 05-May-2023 30-Jun-2024 30-Jun-2024 7. KEY DATES Key Events Planned Actual Approval 27-Apr-2023 27-Apr-2023 Effectiveness 05-May-2023 05-May-2023 Operation Closing/Cancellation 30-Jun-2024 8. TRANCHES No Tranches have been added 9. ASSOCIATED OPERATION(S) There are no associated operations May 29, 2024 Page 6 of 6