Public Disclosure Copy The World Bank Implementation Status & Results Report Wildlife Conservation Bond Operation (P174097) Wildlife Conservation Bond Operation (P174097) EASTERN AND SOUTHERN AFRICA | South Africa | Environment, Natural Resources & the Blue Economy Global Practice | Global Environment Project | Investment Project Financing | FY 2022 | Seq No: 4 | ARCHIVED on 15-Jun-2023 | ISR56694 | Implementing Agencies: South African National Parks (SANParks), South African National Parks (SANParks), The Eastern Cape Parks and Tourism Agency (ECPTA), The Eastern Cape Parks and Tourism Agency (ECPTA) Key Dates Key Project Dates Bank Approval Date: 10-Sep-2021 Effectiveness Date: 28-Mar-2022 Planned Mid Term Review Date: 21-Oct-2024 Actual Mid-Term Review Date: Original Closing Date: 29-Oct-2027 Revised Closing Date: 29-Oct-2027 pdoTable Project Development Objective (PDO) Project Development Objective (from Project Appraisal Document) To increase black rhino populations in target protected areas in South Africa. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Improved Rhino Conservation Management:(Cost $8.00 M) National/Regional Enabling Conditions to coordinate share security and research opportunities:(Cost $0.50 M) Project management and monitoring:(Cost $0.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Highly Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The Wildlife Conservation Bond (WCB) was issued on March 31, 2022. The project was declared effective on March 28, 2022. Three disbursements were made to date, equivalent to 47% of the total project funds. Key project staff are in place and have received training; ESF instruments were developed and disclosed at AENP and some outstanding instruments are being finalized at GFRNR; most of the priority procurement packages were processed. Monitoring and evaluations systems are operational and baseline (T0) rhino data was completed by the calculation agent and verified by the verification agent. The Rhino Population Growth Rate (CAGR) as calculated by the calculation agent at T1 is 7.30%. 6/15/2023 Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Wildlife Conservation Bond Operation (P174097) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Moderate Moderate Moderate Sustainability Fiduciary Moderate Low Low Environment and Social Substantial Moderate Moderate Stakeholders Moderate Moderate Moderate Other Moderate Moderate Moderate Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes To increase black rhino population in target sites IN01306783 ►Percent increase of black rhino population in target sites (RPGR) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -3.70 0.00 7.30 4.00 Date 03-Dec-2021 31-Dec-2022 31-Dec-2022 03-Dec-2026 Comments: Intermediate Results Indicators by Components Improved Rhino Conservation Management IN01306784 ►Area under improved management (Hectare(Ha), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 92,098.00 153,141.00 Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 6/15/2023 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Wildlife Conservation Bond Operation (P174097) IN01306902 Great Fish River Nature Reserve (Hectare(Ha), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 42,877.00 Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 IN01306903 Addo Elephant National Park (Hectare(Ha), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 92,098.00 110,264.00 Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 Improved Rhino Conservation Management IN01306785 ►Beneficiaries of project interventions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 629.00 0.00 2,245.00 2,306.00 Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 IN01306901 ►Gender Equity in Conservation Services (female/%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 22.00 0.00 26.00 27.00 Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 IN01306904 Great Fish River Nature Reserve (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 31.00 32.70 33.00 36.00 Date 03-Dec-2021 31-Dec-2022 28-Apr-2023 03-Dec-2026 IN01306905 Addo Elephant National Park (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 16.00 0.00 18.00 21.00 Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 IN01306906 ►Rhino mortality rate (3-year average < 4%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 0.84 0.84 4.00 Date 03-Dec-2021 31-Dec-2022 31-Dec-2022 03-Dec-2026 6/15/2023 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Wildlife Conservation Bond Operation (P174097) This metric is derived from the last two years of data (2021 and 2022). Future reporting periods will Comments: include a 3-year average. IN01306907 Great Fish River Nature Reserve (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 1.01 1.01 4.00 Date 03-Dec-2021 31-Dec-2022 31-Dec-2022 03-Dec-2026 IN01306908 Addo Elephant National Park (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 0.67 0.67 4.00 Date 03-Dec-2021 31-Dec-2022 31-Dec-2022 03-Dec-2026 IN01306909 ►Number of rangers per square kilometer (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 0,059 ranger / square Value 0,029 ranger / square km 0.00 0,048 km Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 IN01306910 Great Fish River Nature Reserve (Text, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 0,059 ranger / square Value 0,029 ranger / square km 0,086 0,086 km Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 IN01306911 Addo Elephant National Park (Text, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 0,059 ranger / square Value 0,029 ranger / square km 0.00 0,029 km Date 03-Dec-2021 17-Oct-2022 28-Apr-2023 03-Dec-2026 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P174097 TF-B6356 Effective USD 6.88 6.88 0.00 0.00 6.88 0% 6/15/2023 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Wildlife Conservation Bond Operation (P174097) P174097 TF-B6463 Effective USD 6.88 6.88 0.00 0.00 6.88 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P174097 TF-B6356 Effective 16-Aug-2021 24-Mar-2022 28-Mar-2022 29-Oct-2027 29-Oct-2027 P174097 TF-B6463 Effective 16-Aug-2021 17-Mar-2022 28-Mar-2022 29-Oct-2027 29-Oct-2027 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/15/2023 Page 5 of 5