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Mato Grosso Fiscal Adjustment and Environmental Sustainability DPL

Abstract*

The Program Development Objectives are to support the State of Mato Grosso to regain fiscal sustainability and to increase institutional capacity for sustainable agriculture, forest conservation and climate change mitigation.The proposed DPL will support policies anchored in the two key elements of the government’s development strategy: fiscal sustainability and management of the nature-based engine of economic growth.The design of the fiscal pillar...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Program Development Objective of this DPL is to support the State of Mato Grosso to (i) regain fiscal sustainability and (ii) increase institutional capacity for sustainable agriculture, forest conservation and climate change mitigation.

Key Details

Project Details

  • P164588

  • Closed

  • Gabriel Zaourak

  • State of Mato Grosso

  • Brazil

  • April 19, 2018

  • (as of board presentation)

    May 24, 2019

  • September 6, 2019

  • US$ 350.00 million

  • Mato Grosso State Secretariat of Finance (Secretaria de Estado de Fazenda – SEFAZ)

  • Latin America and Caribbean

  • 2019

  • US$ 250.00 million

  • N/A

  • August 16, 2023

  • December 31, 2021

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 250.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 250.00
IDA Commitment N/A
IBRD + IDA Commitment 250.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 350.00

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

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

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
May 15, 2021 IBRD-89660 Int Charges 142,812.86
May 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Dec 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Jan 15, 2023 IBRD-89660 Int Charges 734.48
Jan 15, 2023 IBRD-89660 Int Charges 966,069.06
Jan 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Mar 15, 2023 IBRD-89660 Int Charges 19,234.80
Aug 15, 2023 IBRD-89660 Int Charges 1,814.84
Aug 15, 2023 IBRD-89660 Int Charges 988,514.25
Aug 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Jul 15, 2023 IBRD-89660 Int Charges 970.29
Jul 15, 2023 IBRD-89660 Int Charges 949,116.44
Jul 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Sep 15, 2023 IBRD-89660 Int Charges 14,370.92
Sep 15, 2023 IBRD-89660 Int Charges 1,012,844.60
Sep 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Apr 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
May 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
May 15, 2023 IBRD-89660 Int Charges 10,606.35
May 15, 2023 IBRD-89660 Int Charges 916,947.30
Feb 15, 2023 IBRD-89660 Int Charges 960,634.94
Feb 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Feb 15, 2023 IBRD-89660 Int Charges 659.87
Mar 15, 2023 IBRD-89660 Int Charges 902,548.80
Mar 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Dec 15, 2022 IBRD-89660 Int Charges 53,077.37
Dec 15, 2022 IBRD-89660 Int Charges 852,257.70
Dec 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Oct 15, 2022 IBRD-89660 Int Charges 330.24
Oct 15, 2022 IBRD-89660 Int Charges 662,578.30
Oct 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Apr 15, 2023 IBRD-89660 Int Charges 653.68
Apr 15, 2023 IBRD-89660 Int Charges 933,751.30
Sep 15, 2022 IBRD-89660 Int Charges 47,894.22
Sep 15, 2022 IBRD-89660 Int Charges 555,574.00
Sep 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Nov 15, 2022 IBRD-89660 Int Charges 747,060.94
Jan 15, 2020 IBRD-89660 Int Charges 91.81
Jun 15, 2021 IBRD-89660 Int Charges 144,922.06
Jun 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Aug 15, 2020 IBRD-89660 Int Charges 157,910.28
Aug 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Jul 15, 2020 IBRD-89660 Int Charges 155,498.31
Jul 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Sep 15, 2020 IBRD-89660 Int Charges 155,157.44
Sep 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Mar 15, 2021 IBRD-89660 Int Charges 130,955.74
Mar 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Jan 15, 2020 IBRD-89660 Int Charges 497,038.12
Jan 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Jan 15, 2022 IBRD-89660 Int Charges 143,924.44
Jan 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Dec 15, 2021 IBRD-89660 Int Charges 136,277.94
Dec 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Apr 15, 2022 IBRD-89660 Int Charges 191,657.34
Apr 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Mar 15, 2022 IBRD-89660 Int Charges 140.20
Mar 15, 2022 IBRD-89660 Int Charges 118,565.38
Mar 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Feb 15, 2022 IBRD-89660 Int Charges 131,470.47
Feb 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
May 15, 2022 IBRD-89660 Int Charges 3,439.00
Jul 15, 2022 IBRD-89660 Int Charges 1,920.37
Jul 15, 2022 IBRD-89660 Int Charges 387,528.47
Jul 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Nov 15, 2021 IBRD-89660 Int Charges 141,504.12
Nov 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Sep 15, 2021 IBRD-89660 Int Charges 142,871.30
Sep 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Jun 15, 2022 IBRD-89660 Int Charges 30,767.58
Jun 15, 2022 IBRD-89660 Int Charges 285,344.25
Jun 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
May 15, 2022 IBRD-89660 Int Charges 188,227.19
May 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Apr 15, 2022 IBRD-89660 Int Charges 0.08
Apr 15, 2021 IBRD-89660 Int Charges 148,266.12
Apr 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Jul 15, 2021 IBRD-89660 Int Charges 133,926.75
Jul 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Oct 15, 2021 IBRD-89660 Int Charges 135,741.55
Oct 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Aug 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Aug 15, 2021 IBRD-89660 Int Charges 141,614.95
Jan 15, 2021 IBRD-89660 Int Charges 156,358.38
Jan 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
Nov 15, 2020 IBRD-89660 Int Charges 155,776.38
Nov 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
Nov 15, 2022 IBRD-89660 Int Charges 29,972.83
Aug 15, 2022 IBRD-89660 Int Charges 9,316.90
Aug 15, 2022 IBRD-89660 Int Charges 452,967.56
Aug 15, 2022 IBRD-89660 Loan Repay 1,072,760.50
May 24, 2019 IBRD-89660 Loan Commitment 250,000,000.00
Feb 15, 2024 IBRD-89660 Int Charges 1,045,899.60
Feb 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Feb 15, 2024 IBRD-89660 Int Charges 55.35
Jun 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Jun 15, 2024 IBRD-89660 Int Charges 594.35
Jun 15, 2024 IBRD-89660 Int Charges 1,037,770.10
Jul 15, 2024 IBRD-89660 Int Charges 1,643.96
Jul 15, 2024 IBRD-89660 Int Charges 999,462.10
Jul 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Jan 15, 2024 IBRD-89660 Int Charges 2,392.56
Jan 15, 2024 IBRD-89660 Int Charges 1,055,925.60
Jan 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Mar 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Mar 15, 2024 IBRD-89660 Int Charges 772.45
Mar 15, 2024 IBRD-89660 Int Charges 971,595.25
May 15, 2024 IBRD-89660 Int Charges 904.80
May 15, 2024 IBRD-89660 Int Charges 1,009,532.90
May 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Aug 15, 2024 IBRD-89660 Int Charges 1,952.67
Aug 15, 2024 IBRD-89660 Int Charges 1,030,358.40
Aug 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Apr 15, 2024 IBRD-89660 Int Charges 1,160.95
Apr 15, 2024 IBRD-89660 Int Charges 1,049,827.10
Apr 15, 2024 IBRD-89660 Loan Repay 1,072,760.50
Oct 15, 2023 IBRD-89660 Int Charges 1,202.74
Oct 15, 2023 IBRD-89660 Int Charges 1,033,510.06
Oct 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Nov 16, 2023 IBRD-89660 Int Charges 1,062,241.60
Nov 16, 2023 IBRD-89660 Loan Repay 1,072,760.50
Nov 16, 2023 IBRD-89660 Int Charges 1,358.86
Jun 15, 2023 IBRD-89660 Int Charges 16,678.47
Jun 15, 2023 IBRD-89660 Int Charges 986,653.80
Jun 15, 2023 IBRD-89660 Loan Repay 1,072,760.50
Dec 15, 2020 IBRD-89660 Int Charges 148,114.11
Dec 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Feb 15, 2021 IBRD-89660 Int Charges 149,651.77
Feb 15, 2021 IBRD-89660 Loan Repay 1,072,760.50
May 15, 2020 IBRD-89660 Int Charges 283,614.12
May 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Apr 15, 2020 IBRD-89660 Int Charges 271,405.34
Apr 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Jun 15, 2020 IBRD-89660 Int Charges 161,402.14
Jun 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Oct 15, 2020 IBRD-89660 Int Charges 151,439.70
Oct 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Nov 15, 2019 IBRD-89660 Int Charges -654,977.20
Nov 15, 2019 IBRD-89660 Int Charges 654,900.70
Nov 15, 2019 IBRD-89660 Loan Repay 1,072,760.50
Nov 15, 2019 IBRD-89660 Int Charges 76.50
Nov 15, 2019 IBRD-89660 Int Charges 542,802.44
Oct 15, 2019 IBRD-89660 Int Charges 111,582.56
Oct 15, 2019 IBRD-89660 Int Charges 543,394.60
Oct 15, 2019 IBRD-89660 Loan Repay 1,072,760.50
Oct 15, 2019 IBRD-89660 Int Charges 111,582.56
Oct 15, 2019 IBRD-89660 Int Charges 543,394.60
Oct 15, 2019 IBRD-89660 Loan Repay 1,072,760.50
Sep 6, 2019 IBRD-89660 Fee Charges 625,000.00
Sep 9, 2019 IBRD-89660 Loan Disb 248,883,040.00
Sep 9, 2019 IBRD-89660 Loan Disb -248,883,040.00
Sep 9, 2019 IBRD-89660 Loan Disb 248,883,040.00
Oct 15, 2019 IBRD-89660 Int Charges -111,582.56
Oct 15, 2019 IBRD-89660 Int Charges -543,394.60
Oct 15, 2019 IBRD-89660 Loan Repay -1,072,760.50
Dec 3, 2019 IBRD-89660 Loan Cancel 1,116,966.00
Mar 15, 2020 IBRD-89660 Int Charges 445,301.97
Mar 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Dec 15, 2019 IBRD-89660 Int Charges 137.71
Dec 15, 2019 IBRD-89660 Int Charges 489,362.75
Dec 15, 2019 IBRD-89660 Loan Repay 1,072,760.50
Feb 15, 2020 IBRD-89660 Int Charges 482,321.80
Feb 15, 2020 IBRD-89660 Loan Repay 1,072,760.50
Dec 15, 2023 IBRD-89660 Int Charges 1,931.18
Dec 15, 2023 IBRD-89660 Int Charges 187.53
Dec 15, 2023 IBRD-89660 Int Charges 1,023,907.06

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2021-09-16
Program Management Satisfactory 2021-09-16
Overall Implementation Progress (IP) Satisfactory 2021-09-16
Monitoring and Evaluation Satisfactory 2021-09-16

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-19-2022
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-04-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Annual deforestation in Mato Grosso’s portion of the Amazon biomeValue1490.001438.001241.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • Current savings as a percentage of adjusted net current revenueValue3.6013.205.00
    DateDecember 31, 2017December 31, 2021December 31, 2021
    Comment
  • Area of land for which CAR information has been validated by SEMA (cumulative total)Value2900000.007900000.0020000000.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • Personnel spending as share of net-current revenueValue67.8552.0060.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • Resources mobilized in coordination with the PCI Institute for the implementation of the PCI strategyValue53000000.00125300000.0090000000.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • Pension deficit realized in 2021 in percent of current revenues compared to 2018 projectionValue9.101.608.50
    DateMay 15, 2018December 31, 2021December 31, 2021
    Comment
  • Revenues recovered by FEEF (cumulative total)Value85.00384.00400.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • Revenues raised from FETHAB commodities (annually)Value870.002077.601350.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment