Disclosable Version of the ISR - Atiala-Atsinanana Emission Reductions Program - P167725 - Sequence No : 02 (English)

The BSP was one of the source documents during the signing of the contract. [...] The final version of the BSP was pending on the adoption of the Forest Carbon Market Decree which formalized some of the benefit sharing arrangements of the BSP. [...] The Decree was adopted by Government Council on October 20, 2021, and the GOM is currently working on the final version of the BSP and it will be submitted to the World Bank prior to the upcoming support mission which will take place November 34 to December 3. The final BSP will be submitted to the FCPF soon after the end of the mission upon consideration of comments made by the task team. [...] Preparing an operations manual for the operation of the designated special account (CAST by its acronym in French) Madagascar has chosen a Special Designated Account in the Treasury or CAST as a transitional mechanism for receiving and managing carbon revenues from the FCPC Carbon Fund. [...] To this end, the submission of an operations manual for the operation of the CAST is one of the conditions for the implementation of the signing of the purchase agreement between Madagascar and the World Bank.