| Financier | Commitments |
|---|---|
| Readiness Fund of the Forest Carbon Partnership Facility | 8.60 |
Development Objective
The objective of the AF project is to build national capacity of the Recipient to engage in REDD+ efforts at the national as well as international levels, through strengthened policies, increased knowledge on REDD+, and enhanced data on forests and forest management.
Key Details
Project Details
P150177
Closed
Andrea Kutter
Ministry of Finance
March 19, 2015
(as of board presentation)
March 19, 2015
N/A
US$ 8.60 million
MoAF - Watershed Management Division
2015
US$ 8.60 million
B
July 9, 2024
June 30, 2022
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 | 8.60 |
| Total Project Cost** | 8.60 |
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.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Analysis of Land Policy, drivers of forest degradation, and economic analysis of strategy options completed Value No Yes Date Comment Strategic Environmental and Social Assessment (SESA) of REDD+ activities conducted, and the Environmental and Social Management Framework (ESMF) and Safeguards Information System (SIS) prepared Value No Yes Date Comment Institutional set up to manage REDD+ fully operational, competency of relevant governmental officials to engage in REDD+ at international fora enhanced, and awareness of stakeholders increased Value No Yes Date Comment National forest reference level (emissions baseline) estimated, forest data management system developed, and continuous forest monitoring system established Value No Yes Date Comment REDD+ Payment for Environmental Services (PES) Scheme designed Value No Yes Date Comment A national land use policy is developed and approved by the Gross National Happiness Commission Value No No Date Comment A REDD+ feedback and grievance redress mechanism for Bhutan is developed and functional Value No No Date Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|