Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project

Abstract*

The objective of the Sustainable Financing and Management of Eastern Caribbean Marine Ecosystem Project is to contribute to enhancing the long-term sustainability of protected area networks in the Eastern Caribbean sub-region by: 1) establishing sustainable financing mechanisms; 2) strengthening of the marine protected area networks; and 3) deploying a regional monitoring and information system for the protected area networks. There are four components... Show More

Development Objective

To contribute to enhancing the long-term sustainability of Protected Area networks in the Participating Countries by: (i) establishing sustainable financing mechanisms; (ii) strengthening of the Marine Protected Area networks; and (iii) deploying a regional monitoring and information system for the Protected Area networks.

Key Details

Project Details

Project ID
P103470
Status
Closed
Team Leader
Nyaneba Nkrumah
Borrower 2
The Nature Conservancy

Country
OECS Countries
Disclosure Date
August 4, 2009
Approval Date
(as of board presentation)
August 4, 2011
Effective Date
November 18, 2011

Total Project Cost 1
US$ 18.87 million
Implementing Agency
The Nature Conservancy (TNC)
Region
Latin America and Caribbean
Fiscal Year 3
2012

Commitment Amount
US$ 13.25 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2016

Last Stage Reached
BANK APPROVED
Last Update Date
March 15, 2022

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. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Environmental policies and institutions50%
FY17 - Renewable Natural Resources Asset Management50%
- FY17 - Biodiversity50%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	0.93
GERMANY: KREDITANSTALT FUR WIEDERAUFBAU (KFW)	4.50
Foundation/s (identified)	4.70
Global Environment Facility (GEF)	8.75

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	13.25
Total Project Cost**	18.87

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

No data available.

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Summary Global Objective Rating	Moderately Satisfactory	2016-12-23
Financial Management	Satisfactory	2016-12-23
Monitoring and Evaluation	Satisfactory	2016-12-23
Overall Implementation Progress (IP)	Moderately Satisfactory	2016-12-23
Overall Safeguards Rating	Satisfactory	2016-12-23
Procurement	Satisfactory	2016-12-23
Counterpart Funding	Satisfactory	2016-12-23
Project Management	Moderately Satisfactory	2016-12-23

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-30-2017
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-10-2017	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Moderately Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

1. Caribbean Biodiversity Fund (CBF) is operational with a Board, a Secretariat, an asset manager, a work program and has an endowment of US$15 million for the Participating Countries to generate inco	Value	0.00	32400000.00	15000000.00
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

2. The national level trust funds (NPATFs) provide recurrent financing per year for 3 of the 5 participating countries Value 0.00 0.00 3.00
Date August 4, 2011 June 14, 2016 December 30, 2016
Comment

4. At least two demonstration sites generate useful MPA management information and lessons for other Project Participating Countries and for increased dissemination to MPA managers in the Caribbean re	Value	0.00	2.00	2.00
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

5. A region-wide, open access, web-based monitoring system for effective PA management is operational and the outputs are availableto natural resources managers at the national and regional levels	Value	Various databases exist but not a single one with	This has been created and is in use among PA manag	User friendly PA data and reports are available fo
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

1.1 The CBF is established with a governance structure and operating rules	Value	0	CBF Established completely	Achieved: CBF established along with a Secretariat
	Date	August 4, 2011	December 1, 2016	January 30, 2014
	Comment

1.2 The CBF is generating investment income for disbursement to NPATFs	Value	0	CBF generating investments at approximately 7-8%	Investment income from the CBF capital is availabl
	Date	August 4, 2011	December 1, 2016	December 31, 2014
	Comment

1.3 Sustainable financing mechanisms and/or a financial complement provide resources for long term management and use of PAs in each participating country. Target Value: By year 5 at least 3 NPATFs r	Value	CBF has not provided any funds to NPATFs	The NPATFs have only disbursed pre-financing and h	By year 5 at least 3 countries receive funds from
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

1.4 National sustainable financing plans completed in all participating countries and adopted by at least three Governments. Value 2.00 2.00 3.00
Date August 4, 2011 December 1, 2016 December 30, 2016
Comment

1.5 Each Participating Country adopted/implemented financing mechanisms and/or a financial complement to generate additional resources to at least complement the investment income from the endowment f	Value	0.00	4.00	2.00
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

2.2 Demonstration of good management practices for MPA are implemented in at least two MPAs Value 0.00 2.00 2.00
Date August 4, 2011 December 1, 2016 December 30, 2016
Comment

2.3 Lessons learned from the two demonstration sites are disseminated through workshops, publications and websites among the MPA managers and policy makers in the Project Participating Countries	Value	None	Lessons are shared widely from the 2 demonstration	Lessons are widely shared within the region
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

3.1 Relevant biodiversity; ecological, economic, and social indicators for effective management of PA network in the Participating Countries are identified and begin to be monitored	Value	None	Completed- system is established and operational a	Regional monitoring and information system is oper
	Date	August 4, 2011	December 1, 2016	December 31, 2015
	Comment

3.2 A standardized, web-based information system for housing the data collected is established and made accessible to users in the region through an electronic portal	Value	None	Databases created for all the countries and websit	Databases created in all of the Participating Coun
	Date	August 4, 2011	December 1, 2016	December 30, 2016
	Comment

Natural resource managers and other key stakeholders apply the regional monitoring and information system outputs to the managementof PA network	Value	None	Increased usage of data between May-June (More tha	User friendly PA data and reports are available fo
	Date	August 4, 2011	June 14, 2016	December 30, 2016
	Comment

4.1 Project staff, including at the national and regional levels, are in place and functioning at all times during the Project withsufficient capacity to carry out all Project activities	Value	Regional level personnel exist with sufficient cap	Complete	All personnel are hired to carry out Project activ
	Date	August 4, 2011	December 1, 2014	December 31, 2013
	Comment

4.2 Quarterly operational and financial status reports prepared and submitted to the bank	Value	None	Operational and financial reports have been submit	Operational anf financial reports submitted to the
	Date	August 4, 2011	December 1, 2015	March 30, 2012
	Comment