| Financier | Commitments |
|---|---|
| Global Environment Facility (GEF) | 10.00 |
| GLOBAL ENVIRONMENT - Associated IBRD Fund | 30.00 |
GEF - Mainstreaming Market-Based Instruments for Environmental Management Project
Development Objective
The Project Global Environmental Objective is to enhance the conservation of globally significant biodiversity and ensure its long-term sustainability by supporting the development and implementation of market-based instruments to promote forest conservation in buffer zones of protected areas and biological corridors connecting them.
Key Details
Project Details
P098838
Closed
Christian Peter
N/A
Costa Rica
June 8, 2006
(as of board presentation)
June 8, 2006
July 31, 2008
US$ 40.00 million
N/A
2006
US$ 10.00 million
B
March 15, 2022
March 31, 2014
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 10.00 |
| Total Project Cost** | 40.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Counterpart Funding | Satisfactory | 2014-03-26 |
| Financial Management | Moderately Satisfactory | 2014-03-26 |
| Overall Safeguards Rating | Moderately Satisfactory | 2014-03-26 |
| Summary Global Objective Rating | Moderately Satisfactory | 2014-03-26 |
| Procurement | Satisfactory | 2014-03-26 |
| Project Management | Satisfactory | 2014-03-26 |
| Monitoring and Evaluation | Satisfactory | 2014-03-26 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2014-03-26 |
| Overall Safeguards Rating | Moderately Satisfactory | 2014-03-26 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| Outcomes | |
| Risk to Development Outcome | Substantial |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
By the end of the project, at least 288,000 hectares of land with environmental service contracts generating environmental servicesof local, national and/or global importance. Value 250,000 ha 282,989 ha 288,000 ha Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Comments: 612 new environmental service contracts were signed under different PSA modalities. The first payment of 302 of the 612contracts was paid with the 50 % of the first disbursement from the loan (USD$1.5 million) By the end of the project, at least half of the newly-contracted area is financed by funding from service users. Value 0% 0% TOR for contracts to identify funding from serv 50% Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Comments: The expected level of funds coming from watersheds users has not been reached. A consultant has been hired by FONAFIFO toevaluate the situation. This indicator will be measured on the last year of theproject implementation. Improved efficiency of the environmental services program, as measured by indices of services generated per dollar spent.(Index under preparation) Value Index under preparation. Date February 15, 2010 Comment Comments: FONAFIFO is preparing an index on PSA participant#s costs and benefits. Administrative costs should be reduced, inparticular regarding the simplifica tion process of contract renewal. By the end of the project 50% increase (from current 1,900 to 2,850) of the number of small- and medium-sized landholders (less than 100-hectare farms) participating in the PSA Program. Value 1,900 landholders (small- and medium-sized) Index under preparation 2,850 landholders Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Comments: Index under preparation on number of contracts paid from July 2008 until now, including information about how many ofthose contracts include less th an 100 ha per land.
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Effective biodiversity conservation in globally significant areas measured by vegetation cover and indicator species of conservation interest (method under preparation, baseline to be ready by 12/07). Value Indicator under preparation. Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Comments: Importance of signing a contract with the National Institute of Biodiversity for the development of this indicator. 3.5% from fuel-tax revenues and 25% water-resource-usage tariffs to finance PSA. Value 3.5% In 2010, approximately USD$ 20 Million will be tra 3.5% Date June 8, 2006 February 15, 2010 July 31, 2012 Comment FBS with capital participation of at least US$15 million, of which US$7.5 million contributed by GEF. Value US$0 FBS was created. US$15 total of which US$7.5 from GEF. Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Comments: FONAFIFO is on the process of reviewing five different proposals for the Fiduciary Bank. At least 75% of PSA Program resources are placed in PSA contracts. Value Present percentage to be evaluated during year 1 o 20% of the disbursed funds are being committed to 75% Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Contract system for payments of environmental services with differentiated payments applied. Value Does not exist Three different kind of PSA contracts are being de Differentiated system is approved and under implem Date June 8, 2006 February 15, 2010 July 31, 2012 Comment PSA activities are integrated through participatory planning on land use in at least 3 (micro-watershed) communities. Value 0 micro-watersheds TORs for 1 watershed were approved (Watershed Rive 3 micro-watersheds Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Female landholders and Indigenous community owned lands in the program will be maintained at least to the current level. Value 10% of contracted area is held by female-led famil 10% of the new contracts have been signed by femal 10% of contracted area each Date June 8, 2006 February 15, 2010 July 31, 2012 Comment 3.5% from fuel-tax revenues and 25% water-resource-usage tariffs to finance PSA. Value 3.5% 3.5% 3.5% Date June 8, 2006 May 29, 2009 July 31, 2012 Comment FBS with capital participation of at least US$15 million, of which US$7.5 million contributed by GEF. Value US$0 US$0 US$15 total of which US$7.5 from GEF. Date June 8, 2006 May 29, 2009 July 31, 2012 Comment At least 75% of PSA Program resources are placed in PSA contracts. Value Present percentage to be evaluated during year 1 o N/A 75% Date June 8, 2006 May 29, 2009 July 31, 2012 Comment Contract system for payments of environmental services with differentiated payments applied. Value Does not exist Does not exist Differentiated system is approved and under implem Date June 8, 2006 May 29, 2009 July 31, 2012 Comment PSA activities are integrated through participatory planning on land use in at least 3 (micro-watershed) communities. Value 0 micro-watersheds 0 micro-watersheds 3 micro-watersheds Date June 8, 2006 May 29, 2009 July 31, 2012 Comment Female landholders and Indigenous community owned lands in the program will be maintained at least to the current level. Value 10% of contracted area is held by female-led famil 10% of contracted area each 10% of contracted area each Date June 8, 2006 May 29, 2009 July 31, 2012 Comment At least 190,000 ha (2,000 contracts) in productive landscapes in the buffer zones of protected areas and biological corridors in the MBC are maintained annually under PSA contracts of 20 years. Value Contracts signed represent less than 10% of the co Date June 8, 2006 February 15, 2010 July 31, 2012 Comment Comments: Importance of simplification of contract renewal every five years