World Bank Group

04/06/2021 | Press release | Archived content

Emission Reductions Program in Sangha and Likouala

  • Abstract
  • Key Details
  • Finances
  • Ratings
  • Results

Development Objective

To make payments to the Program Entity for measured, reported, and verified greenhouse gas emission reductions from reduced deforest ation, forest degradation and the enhancement of forest carbon stocks in Sangha and Likouala of the Republic of Congo, and to distri bute these payments in accordance with an agreed Benefit Sharing Plan

Key Details

Project Details

  • Project ID

    P163361

  • Status

    Active

  • Team Leader

    David Maleki

  • Borrower 2

    Republic of Congo - Ministry of Finance and Budget

  • Country

    Congo, Republic of

  • Approval Date

    (as of board presentation)

    April 6, 2021

  • Total Project Cost 1

    US$ 97.38 million

  • Implementing Agency

    Republic of Congo - Ministry of Forest Economy

  • Region

    Africa West

  • Approval FY 3

    2021

  • Commitment Amount

    US$ 0.00 million

  • Environmental Category

    B

  • Last Update Date

    April 2, 2021

  • Closing Date

    N/A

  • Consultant Services required

    Yes

  • Notes

    1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.

    2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.

    3. 'Approval FY' is the World Bank's fiscal year in which the project was approved (or dropped if the status is dropped). The fiscal year is from July 1 - June 30. For example, July 1, 2020 - June 30, 2021 is FY21.

Sectors

No data available.

Themes

No data available.

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
The Forest Carbon Partnership Facility - Carbon Fund 97.38

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument Investment Project Financing
Grant Amount 97.38
Total Project Cost** 97.38

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2021

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2021

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No data available.
Period Financier Transaction Type Amount (US$)
Footnotes

*The financial data in this block are updated on a monthly basis. For more information on World Bank lending by country please visit the Country Lending Summaries.

** Principal refers to the original US dollar amount of the loan, credit, or grant that was committed and approved. Disbursements represent increases in the balance outstanding due to payments made to borrowers, as well as capitalized charges (such as loan origination fees on IBRD loans). Repayments refer to the total principal amount paid or prepaid to IBRD or IDA in US dollars, calculated at the exchange rate on the value date of the individual repayment. Repayments include payments made by borrowers, debt relief provided by IDA, and payments made by third parties on behalf of the borrowers. The disbursed amount less the repaid amount, for loans and credits, may not equal the loan or credit balance outstanding due to exchange rate movements.

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.