Concept Project Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Proposed Development Objectives 2
• PROJECT FINANCING DATA US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Operation Cost 1070.20 2
• Total Financing 1070.00 2
• The World Bank 3
• Financing Gap 0.20 3
• DETAILS 3
• World Bank Group Financing 3
• B. Introduction and Context 3
• Congo Basin Forests are indispensable to the economies and peoples of Central Africa and are also at the center of 3
• Despite this rich resource endowment Congo Basin countries struggle to reach their full economic potential. 3
• The World Bank 4
• High levels of poverty are exacerbated by conflict and climate change making these some of the most fragile 4
• Regional bodies that harmonize economic and forest management policies across Central Africa including the Congo 4
• Basin have a critical role to play in accelerating growth and enabling sustainable forest management. Central African Forest Commission COMIFAC Economic Community of Central African States ECCAS 4
• Rapid resilient and inclusive economic growth is an urgent priority for the region and Congo Basin Forests CBF 4
• The sub-region has a history of low deforestation rates compared to other tropical regions but forest loss is on the 4
• The World Bank 5
• Insecurity of land tenure and use rights poor governance and weak institutions create the underlying conditions 5
• Despite these challenges the forest sector accounts for significant employment and export earning of Congo Basin 5
• Lack of value addition equals lost opportunities for economic growth. 5
• There are considerable challenges to private sector-led growth in the forest sector. 5
• The World Bank 6
• Conserving large tracts of primary forests for biodiversity and ecosystem services requires long-term finance and 6
• The proposed Program is aligned with the objectives in the Country Partnership Frameworks CPFs and the 6
• Nationally Determined Contributions NDCs of all Program countries and builds on the experience of ongoing and past operations and provides a concrete path to operationalize the CCDRs . 6
• C. Proposed Development Objectives 6
• The proposed PDO-level indicators are 6
• D. Concept Description 6
• Pillar 1 Governance Regulations and Finance 6
• Pillar 2 Management of Forest Landscapes 6
• Pillar 3 Value-added Products and Services 6
• The World Bank 7
• The World Bank 8
• Triggered 8
• Last approved Current 8
• CONTACT POINT 8
• World Bank 8
• BorrowerClientRecipient 8
• The World Bank 9
• Ministry of Economy 9
• Implementing Agencies 9
• Central Africa Economic and Monetary Union 9
• FOR MORE INFORMATION CONTACT 9
• APPROVAL 9
• Approved By 9