| Financier | Commitments |
|---|---|
| The Forest Carbon Partnership Facility – Carbon Fund | 60.00 |
Costa Rica REDD+ Emission Reductions Program
Abstract*
The development objective of the Reducing Emissions from Deforestation and Forest Degradation (REDD+) Emission Reductions (ERs) Program of Costa Rica is to make payments to the program entity for measured, reported, and verified ERs related to reduced deforestation and forest degradation, the enhancement of forest carbon stocks (REDD+) at the national level in Costa Rica, and distribution of ER payments in accordance with agreed benefit sharing plan... Show More
Development Objective
The objective of the Emission Reductions Program (ER Program) is to make payments to the Program Entity for measured, reported and verified Emission Reductions (ERs) related to reduced deforestation and forest degradation, the enhancement of forest carbon stocks (REDD+) at the national level in Costa Rica, and distribution of ER payments in accordance with agreed Benefit Sharing Plan (BSP).
Key Details
Project Details
P160368
Active
Aurelie Rossignol
Republic of Costa Rica
Costa Rica
May 25, 2017
(as of board presentation)
December 8, 2020
March 8, 2022
US$ 60.00 million
National Forest Financing Fund (FONAFIFO),National System of Conservation Areas (SINAC)
2021
US$ 60.00 million
B
March 7, 2024
December 31, 2025
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 | 60.00 |
| Total Project Cost** | 60.00 |
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 |
|---|---|---|
| Overall Safeguards Rating | Satisfactory | 2024-09-24 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-09-24 |
| Procurement | Satisfactory | 2024-09-24 |
| Financial Management | Moderately Satisfactory | 2024-09-24 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-09-24 |
| Project Management | Moderately Satisfactory | 2024-09-24 |
| Monitoring and Evaluation | Satisfactory | 2024-09-24 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Volume of CO2 Emissions Reductions that have been measured and reported by the Program Entity, verified by a Third Party, and transferred to the FCPF Carbon Fund. (tCO2e) Value 0.00 3283022.00 12000000.00 Date December 8, 2020 January 28, 2024 December 31, 2025 Comment Payment by the FCPF Carbon Fund for CO2 Emission Reductions generated by the ER Program. (US$) Value 0.00 16415110.00 60000000.00 Date December 8, 2020 January 28, 2024 December 31, 2025 Comment Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan and arrangements. (Yes/No) Value No No Yes Date December 8, 2020 January 28, 2024 December 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
N/A Value 0 0 0 Date December 8, 2020 May 23, 2022 December 31, 2025 Comment