Disclosable Version of the ISR - Fiji Carbon Fund ER Program - P163484 - Sequence No : 02 (English)

The World Bank Implementation Status & Results Report Fiji Carbon Fund ER Program (P163484) Fiji Carbon Fund ER Program (P163484) EAST ASIA AND PACIFIC | Fiji | Environment, Natural Resources & the Blue Economy Global Practice. [...] Has the Project Development Objective been changed since Board Approval of the Project Objective? [...] No Components Table Name Measurement, reporting, and verification and payment of the ERs generated by the project:(Cost $12.50 M) Distribution of ER Payments as per the Benefit Sharing Plan Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substant [...] Fiji is the first country in the Pacific region and the first Small Island Developing State to sign the ERPAs. [...] The ER-Program covers 90% of Fiji’s landmass, with a focus on Viti Levu, Vanua Levu and Taveuni, and takes an integrated land-use planning approach to addressing multi-sectoral drivers of deforestation and forest degradation, including agriculture, conventional logging and poorly planned infrastructure development.