The World Bank Implementation Status & Results Report Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) EASTERN AND SOUTHERN AFRICA | Congo, Democratic Republic of | IBRD/IDA | Investment Project Financing (IPF) | FY 2019 | Seq No: 8 | Archived on 30-Jul-2024 | ISR00880 Implementing Agencies: Ministry of Environment and Sustainable Development 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 12-Sept-2018) The Project Development Objective is to make payments to the Recipient for measured, reported and verified Emission Reductions related to reduced deforestation, forest degradation and the enhancement of forest carbon stocks (ER payments) in the Mai-Ndombe province, and to distribute ER payments in accordance with the agreed Benefit Sharing Plan. Has the Development Objective been changed since Board Approval of the Project Objective? No 2. COMPONENTS Name ERPA:(Cost 0.00) 3. OVERALL RATINGS Name Previous Current Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating High High 4. KEY ISSUES & STATUS 4.1 Implementation Status and Key Decisions Jul 30, 2024 Page 1 of 6 The World Bank Implementation Status & Results Report Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Last Approved Rating Risk Category Rating at Approval ISR Seq. 07 - 29 Mar Proposed Rating 2024 Political and Governance  High High Macroeconomic  High High Sector Strategies and Policies  High High Technical Design of Project or Program  Moderate Moderate Institutional Capacity for Implementation and  Substantial Substantial Sustainability Fiduciary  Substantial Substantial Environment and Social  Substantial Substantial Stakeholders  Substantial Substantial Overall  High High Jul 30, 2024 Page 2 of 6 The World Bank Implementation Status & Results Report Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes To achieve payments for measured, reported and verified Emission Reductions (ER) Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Volume of ERs measured and 0.00 Sep/2018 0.00 08-Mar-2024 0.00 22-Jul-2024 11,000,000.00 Jun/2024 reported by the Recipient, verified by an independent reviewer, and transferred to the FCPF Carbon Fund (Tones/year) Payments received by the 0.00 Sep/2018 0.00 08-Mar-2024 0.00 22-Jul-2024 55,000,000.00 Jun/2024 Recipient from the FCPF Carbon Fund for ERs generated by the ER Program (Amount(USD)) ER payments distributed in No Sep/2018 No 08-Mar-2024 No 22-Jul-2024 Yes Jun/2024 accordance with agreed Benefit Sharing Plan (Yes/No) 6.2 Intermediate Results Indicators by Components Page 3 of 6 The World Bank Implementation Status & Results Report Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) ERPA Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year N/A Sep/2018 N/A 08-Mar-2022 N/A 22-Jul-2022 N/A Jun/2024 N/A (Text) Comments on N/A achieving targets Page 4 of 6 The World Bank Implementation Status & Results Report Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed 7.3 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing 8. KEY DATES Key Events Planned Actual Approval 31-Oct-2018 13-Sept-2018 Jul 30, 2024 Page 5 of 6 The World Bank Implementation Status & Results Report Purchase / Sale of Emission Reductions (ER) to be generated under the Mai Ndombe ER Program (P160320) Effectiveness 27-Sept-2019 Mid-Term Review No. 01 18-Nov-2024 Mid-Term Review No. 02 19-Nov-2024 Mid-Term Review No. 03 18-Nov-2024 Mid-Term Review No. 04 20-May-2024 Mid-Term Review No. 05 18-Nov-2024 Mid-Term Review No. 06 04-Nov-2024 Operation Closing/Cancellation 31-Dec-2025 9. RESTRUCTURING HISTORY Restructuring Level 2 Approved on 08-Feb-2022 10. ASSOCIATED OPERATION(S) There are no associated operations Jul 30, 2024 Page 6 of 6