Disclosable Restructuring Paper - Madagascar Agriculture Rural Growth and Land Management Project - P151469

The purpose of the restructuring is to: 1) extend project closing dates; 2) revise the Results Framework to accommodate the addition of Red Meat to the list of Value Chains supported by the project; and 3) respond to a Government request for a fund reallocation in favor of land administration related investments. [...] These included the recruitment of a new FM specialist at national PIU level, the reimbursement of the ineligible expenditure, the payment of the value added and income taxes and replacement of misplaced equipment. [...] B. Rational for restructuring 4. As proposed, discussed and agreed by the borrower and the Bank during the Project Mid-term Review in May 2020, the restructuring aims to facilitate: (i) the extension of the closing dates of the parent project and the AF from June 30, 2021 and June 30, 2022, respectively, to December 31, 2022; and (ii) the revision of the project’s Results Framework. [...] The issue was addressed in January 2019 by a note from the Ministry revising the TOR of the deputy Coordinator and removing the position of Project Coordinator that eliminated one layer of management in the PIU. [...] These reductions were necessary and agreed to during the MTR in light of the Government’s request to reallocate resource to support the acquisition of satellite imagery and the systematic quality control of land administration units.