Public Disclosure Copy

         The World Bank                                                                              Implementation Status & Results Report
         Caixa Solid Waste Mgt (P124663)


Caixa Solid Waste Mgt (P124663)

 LATIN AMERICA AND CARIBBEAN | Brazil | Social, Urban, Rural and Resilience Global Practice Global Practice |
 Carbon Offset | Investment Project Financing | FY 2011 | Seq No: 3 | ARCHIVED on 25-Jun-2019 | ISR37236 |


 Implementing Agencies: Caixa Economica Federal, Caixa Economica Federal




 Project Development Objectives

  Project Development Objective (from Project Appraisal Document)
  Project will support the creation of a Program within the Caixa Economica Federal do Brazil, through which Caixa will be able to identify, prepare
  and partially finance emission reduction activities under solid waste management projects and sell the resulting emissions reductions credits.

  Has the Project Development Objective been changed since Board Approval of the Project Objective?
  No

  PHRPDODEL



  Key Dates

   Key Project Dates

   Bank Approval Date:05-Dec-2011                                              Effectiveness Date:05-Dec-2011
   Planned Mid Term Review Date:--                                             Actual Mid-Term Review Date:--
   Original Closing Date:31-Dec-2019                                           Revised Closing Date:31-Dec-2019


Overall Ratings
Name                                                                        Previous Rating                          Current Rating

Progress towards achievement of PDO                                          Satisfactory                            Satisfactory
Overall Implementation Progress (IP)                                         Moderately Satisfactory                 Moderately Satisfactory
Overall Risk Rating                                                          Moderate                                Moderate


Implementation Status and Key Decisions

  Three issuances took place since the last ISR from Caixa Programme of Activities:
    • 554,818 certified emissions reductions (CERs) were issued on September 2018 for the period covering 01 Jan 2017 - 30 Jun 2017.
    • 303,978 CERs were issued on March 2019 for the period covering 01 Jan 2016 - 30 Jun 2016.
    • 727,969 CERs were issued on March 2019 for the period covering 01 Jul 2017 - 31 Dec 201
  The Emission Reduction Purchase Agreement (ERPA) for the Caixa Programme of Activities was fulfilled.




6/25/2019                                                                                                                                 Page 1 of 2

                                                            Public Disclosure Copy
                                                Public Disclosure Copy

          The World Bank                                                         Implementation Status & Results Report
          Caixa Solid Waste Mgt (P124663)



Risks

Systematic Operations Risk-rating Tool

Risk Category                                   Rating at Approval       Previous Rating         Current Rating

Political and Governance                         --                      Low                    Low
Macroeconomic                                    --                      Moderate               Moderate
Sector Strategies and Policies                   --                      Moderate               Moderate
Technical Design of Project or Program           --                      Moderate               Moderate
Institutional Capacity for Implementation and
Sustainability
                                                 --                      Substantial            Substantial
Fiduciary                                        --                      Moderate               Moderate
Environment and Social                           --                      Substantial            Moderate
Stakeholders                                     --                      Low                    Low
Other                                            --                      --                     --
Overall                                          --                      Moderate               Moderate


 Related Project(s)

 There are no related projects.




6/25/2019                                                                                                         Page 2 of 2

                                                Public Disclosure Copy