Public Disclosure Copy The World Bank Implementation Status & Results Report Maldives Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facil Maldives Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facil SOUTH ASIA | Maldives | Urban, Resilience and Land Global Practice | IBRD/IDA | Development Policy Lending | FY 2020 | Seq No: 2 | ARCHIVED on 02-Sep-2020 | ISR41599 | Implementing Agencies: Ministry of Finance, REPUBLIC OF MALDIVES Key Dates Key Project Dates Bank Approval Date: 01-Jul-2019 Effectiveness Date: 07-Nov-2019 Original Closing Date: 30-Sep-2022 Revised Closing Date: 30-Sep-2022 pdoTable Project Development Objectives Program Development Objective (from Program Document) To enhance the Maldives financial capacity to effectively manage the human, physical and fiscal impact of climate change, natural disasters and disease outbreaks. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating High Substantial Implementation Status and Key Decisions The Maldives DPF with Cat DDO and PEF became effective on Nov. 7, 2019 (with a closing date of Sept. 22, 2022). On March 12, 2020, the Government of Maldives (GOM) declared its first ever state of Public Health Emergency by the MOH Minister that triggered the Cat DDO. On March 23, the Bank received a full disbursement request of the IDA Cat DDO credit and grant resources of SDR 7.4 M (equivalent to US$10.98 M) and, after reviewing the relevant documentation, it was approved without delay. Following the triggering of the Cat DDO and the activation of PEF due to COVID-19 pandemic and subsequent specific country allocations established, the PEF resources allocated to the Maldives amounting to US$952,380.95 were also successfully transferred to the country on June 1, 2020. The Bank team and GOM technical counterparts for the Cat DDO held remote consultations on the project implementation starting on May 6, 2020, and continued their discussions on specific topics during the following months. This exercise revealed that some results indicators are already showing progress and that the rest are on track to achieve their targets by 2022. The Bank DRM/CC-Health team continues monitoring the evolving situation of the pandemic and exploring opportunities to further the dialogue in the areas covered by this operation. At the time of preparing this ISR, the Maldives had 7,225 COVID-19 cases with a recovery rate of 63% and 28 associated deaths as of August 27, 2020, and the health emergency is still effective and extended up to September 6, 2020. Risks 9/2/2020 Page 1 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Maldives Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facil Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic High High High Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and High High Substantial Sustainability Fiduciary Moderate Moderate Moderate Environment and Social Low Low Low Stakeholders Moderate Moderate Moderate Other Low Low Low Overall High High Substantial Results Results Indicators A. Enhancing the Inst. and regulatory framework to manage the impact of climate and disaster risk IN00837968 ►The Nat. Disaster Managment Authoirty (NDMA) reports on NEOP readiness (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 30-Sep-2019 29-Oct-2019 18-Aug-2020 30-Sep-2022 IN00838006 ►The Nat. Disaster Managment Plan is drafted (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No Yes Yes Date 30-Sep-2019 29-Oct-2019 18-Aug-2020 30-Sep-2022 IN00838009 ►The Building Code has been enforced through the issuance of compliance documents (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 30-Sep-2019 29-Oct-2019 18-Aug-2020 30-Sep-2022 9/2/2020 Page 2 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Maldives Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facil B. Integrating climate change and disaster risk reduciton in key sectors IN00837969 ►EWS is supported with expanded meteorologial observation network with automated weather station (AWS) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 36.00 36.00 63.00 50.00 Date 30-Sep-2019 29-Oct-2019 18-Aug-2020 30-Sep-2022 IN00838007 ►Water service coverage (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 51.00 0.00 68.00 80.00 Date 30-Sep-2019 29-Oct-2019 29-Feb-2020 30-Sep-2022 IN00838010 ►Sewerage service coverage (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 67.00 0.00 78.00 90.00 Date 30-Sep-2019 29-Oct-2019 29-Feb-2020 30-Sep-2022 C. Enhanacing the capacity to amanage human health crisis preparedness and reponse IN00837970 ►Health workers trained on the HEOP's gender-specific activities in crisis situations. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 30-Sep-2019 29-Oct-2019 18-Aug-2020 30-Sep-2022 IN00838008 ►Simulations exercises on the activation and use of the HEOC are carried out (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 4.00 3.00 Date 30-Sep-2019 29-Oct-2019 18-Aug-2020 30-Sep-2022 Data on Financial Performance Disbursements (by loan) 9/2/2020 Page 3 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Maldives Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facil Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P163939 IDA-64540 Effective USD 5.00 5.00 0.00 5.01 0.00 100% P163939 IDA-D4930 Effective USD 5.00 5.00 0.00 5.01 0.00 100% P163939 TF-B0395 Effective USD 0.95 0.95 0.00 0.95 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P163939 IDA-64540 Effective 01-Jul-2019 20-Aug-2019 07-Nov-2019 30-Sep-2022 30-Sep-2022 P163939 IDA-D4930 Effective 01-Jul-2019 20-Aug-2019 07-Nov-2019 30-Sep-2022 30-Sep-2022 P163939 TF-B0395 Effective 01-Jul-2019 20-Aug-2019 07-Nov-2019 28-Feb-2021 28-Feb-2021 Tranches Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 9/2/2020 Page 4 of 4