| Financier | Commitments |
|---|---|
| The Forest Carbon Partnership Facility – Carbon Fund | 25.00 |
Dominican Republic Emission Reductions Program
Abstract*
The development objective of the Emissions Reduction Program Project for Dominican Republic is to make payments to the program entity for measured, reported and verified Emissions Reductions (ERs) from reduced deforestation, forest degradation and the enhancement of forest carbon stocks (REDD+) at the national level in the Dominican Republic and to distribute ER payments in accordance with an agreed benefit sharing plan. This project has two components... Show More
Development Objective
The proposed project development objective (PDO) is to make payments to the Program Entity (the Dominican Republic represented by the Ministry of Finance) for measured, reported and verified Emissions Reductions (ERs) from reduced deforestation, forest degradation and the enhancement of forest carbon stocks (REDD+) at the national level in the Dominican Republic and to distribute ER payments in accordance with an agreed benefit sharing plan.
Key Details
Project Details
P161182
Active
Katharina Siegmann
Dominican Republic
November 19, 2019
(as of board presentation)
February 18, 2021
April 18, 2022
US$ 25.00 million
Ministry of Environment and Natural Resources
2021
US$ 25.00 million
B
Not Applicable
December 31, 2025
TBD
BANK APPROVED
March 5, 2024
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 | 25.00 |
| Total Project Cost** | 25.00 |
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 |
|---|---|---|
| Progress towards achievement of PDO | Moderately Unsatisfactory | 2025-06-27 |
| Procurement | Satisfactory | 2025-06-27 |
| Overall Implementation Progress (IP) | Moderately Unsatisfactory | 2025-06-27 |
| Project Management | Moderately Unsatisfactory | 2025-06-27 |
| Financial Management | Satisfactory | 2025-06-27 |
| Monitoring and Evaluation | Moderately Satisfactory | 2025-06-27 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Volume of CO2 Emission Reductions measured and reported by the Program Entity, to be verified by a Third Party, and transferred to the FCPF Carbon Fund Value 0.00 0.00 5000000.00 Date December 31, 2020 March 5, 2024 December 31, 2025 Comment Payment by the FCPF Carbon Fund for CO2 Emission Reductions generated by the ER Program Value 0.00 0.00 25000000.00 Date December 31, 2020 March 5, 2024 December 31, 2025 Comment Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan Value No No Yes Date December 31, 2020 March 5, 2024 December 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
N/A Value 0.00 0.00 0.00 Date December 31, 2020 December 23, 2022 December 31, 2025 Comment