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FCPF Readiness Fund Grant

Development Objective

The development objective is improved institutional capacity to design a national REDD+ strategy. The key results of this preparation grant are specifically related to key aspects of readiness for implementing REDD+ at a national level. The grant is not supporting direct investments and is more specifically focused on technical assistance. Indicators have been proposed by the FCPF to measure key results related to progress in achieving strategic areas of REDD+. These indicators align with different aspects outlined in Madagascar’s R-PP and are used throughout the REDD+ Readiness process—corresponding to the implementation of the R-PP. The full list o 34 yes/no indicators is provided in Annex V of the Readiness Assessment Note, but this preparation grant will not be used to address all of the areas and indicators of REDD+ readiness. The result indicators for the PDO are related to the measures defined by the FCPF that are indicative of substantive progress towards REDD+ Readiness and are areas where the World Bank has a comparative advantage in providing support: • REDD+ strategy validated in broad consultation process; • REDD+ M&E system functional according to defined criteria; • Mechanism for tracking REDD+ strategy interventions in place.

Key Details

Project Details

  • P124655

  • Closed

  • Andrew Zakharenka , Erik Reed

  • Ministry of Economy and Finance

  • Madagascar

  • June 9, 2015

  • (as of board presentation)

    June 17, 2015

  • N/A

  • US$ 8.63 million

  • B

  • Not Applicable

  • December 31, 2022

  • BANK APPROVED

  • August 30, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Readiness Fund of the Forest Carbon Partnership Facility 8.63

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 8.63
Total Project Cost** 8.63

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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

Detailed Financial Activity as of June 30, 2025

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

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2020-12-02
Monitoring and Evaluation Satisfactory 2020-12-02
Procurement Satisfactory 2020-12-02
Project Management Satisfactory 2020-12-02
Financial Management Moderately Satisfactory 2020-12-02
Overall Implementation Progress (IP) Satisfactory 2020-12-02

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Measurement Reporting and Verification system for REDD+ is designed and operationalValueNoYesYes
    DateMarch 17, 2017December 31, 2019March 22, 2019
    Comment
  • National REDD+ strategy to reduce emissions from deforestation and forest degradation (REDD+) is prepared and validated by nationalstakeholdersValueNoYesYes
    DateMarch 17, 2017May 30, 2018March 23, 2018
    Comment
  • Mechanism for tracking financial contributions to REDD+ strategy implementation in placeValueNoYesYes
    DateMarch 17, 2017August 23, 2019March 23, 2018
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Government institutions provided with capacity building support to improve management of forestsValue0.007.007.00
    DateMarch 17, 2017March 22, 2019March 20, 2020
    Comment
  • Readiness Package prepared and submittedValueNoYesYes
    DateMarch 17, 2017September 22, 2017March 23, 2018
    Comment
  • Key studies conducted related to strategic options for addressing deforestation and degradationValue0.005.005.00
    DateMarch 17, 2017March 23, 2018March 27, 2020
    Comment
  • Strategic Environment and Social Management Framework (ESMF) is finalized and validated by relevant stakeholdersValueNoYesYes
    DateMarch 17, 2017March 23, 2020March 22, 2019
    Comment
  • Reference Emission Level (REL) for one eco-region developed and national REL improvedValue0.003.003.00
    DateMarch 17, 2017January 9, 2019March 20, 2020
    Comment