The World Bank
    Ethiopia Rural Productive Safety Net Project (P163438)




                                                                                    REPORT NO.: RES49856

                                      DOCUMENT OF THE WORLD BANK




                                          RESTRUCTURING PAPER
                                                   ON A
                                    PROPOSED PROJECT RESTRUCTURING

                                                       OF

                            ETHIOPIA RURAL PRODUCTIVE SAFETY NET PROJECT
                                    APPROVED ON SEPTEMBER 14, 2017
                                                       TO

                               FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA


SOCIAL PROTECTION & JOBS

AFRICA EAST




                            Regional Vice President:    Hafez M. H. Ghanem
                                  Country Director:     Ousmane Dione
                                  Regional Director:    Amit Dar
                        Practice Manager/Manager:       Robert S. Chase
                               Task Team Leader(s):     Michael Mutemi Munavu, Abu Yadetta
                                                        Hateu
           The World Bank
           Ethiopia Rural Productive Safety Net Project (P163438)



I. BASIC DATA

Product Information

Project ID                                                     Financing Instrument
P163438                                                        Investment Project Financing

Original EA Category                                           Current EA Category
Partial Assessment (B)                                         Partial Assessment (B)

Approval Date                                                  Current Closing Date
14-Sep-2017                                                    31-Dec-2021




Organizations

Borrower                                                       Responsible Agency
FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA                        Ministry of Agriculture (MOA)




Project Development Objective (PDO)
Original PDO
To support the Government of Ethiopia in improving the effectiveness and scalability of its rural safety net system.



Summary Status of Financing (US$, Millions)


                                                                                       Net
Ln/Cr/Tf                  Approval         Signing Effectiveness        Closing Commitment Disbursed Undisbursed

IDA-D2330              14-Sep-2017    29-Sep-2017    23-Oct-2017 31-Dec-2021            600.00      593.55             0


Policy Waiver(s)

Does this restructuring trigger the need for any policy waiver(s)?
No
           The World Bank
           Ethiopia Rural Productive Safety Net Project (P163438)



II. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES

 The project has thus far progressed well and was initially meant to close in December 2020. However, given the
 COVID-19 pandemic, several high value contracts could not be completed to December 2020, and the project closing
 date was extended to June 2021 and then to December 2021. However, the challenges caused by COVID have
 persisted, and the recent crisis in Tigray and then Amhara and Afar regions, have further affected the completion of
 these contracts. The client has requested an extension of closing date
 from December 31, 2021 to June 30, 2022, in order to ensure the few outstanding deliverables for these contracts are
 successfully completed.


III. DETAILED CHANGES


LOAN CLOSING DATE(S)


                                          Original                Revised            Proposed      Proposed Deadline
Ln/Cr/Tf         Status                   Closing               Closing(s)             Closing        for Withdrawal
                                                                                                         Applications
                                                     30-Jun-2021, 31-Dec-
IDA-D2330        Effective           31-Dec-2020                                  30-Jun-2022             30-Oct-2022
                                                                    2021