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Indonesia - Tsunami Emergency Recovery Support Package - Proposed Restructuring of Three Ongoing Projects in Response to the Late-2004 Natural Disaster


Details

Document Date: 2005/03/31
Document Type: Board Report
Report Number: 31949
Volume No: 1
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Abstract

The World Bank and the government of Indonesia have discussed and agreed to proceed with the following operational financial support approaches: (a) reallocate savings from existing IDA projects; (b) process new projects to include reconstruction of tsunami-affected areas, funded by IDA credit and co-financing with grant funds from other donors; (c) Establish a Multi-Donor Trust Fund (MDTF) that will mobilize grant funding from key donors and (d) process several grant proposals funded by Japan Social Development Fund (JSDF) and other grant sources, including Country Trust Funds (CTF). While parallel initiatives are underway under (b), (c) and (d), this project restructuring paper seeks the approval of the Executive Directors to restructure three relevant ongoing projects by adding new components to facilitate the timely delivery of financial assistance to tsunami-affected areas. This is to be achieved through transferring the savings (IDA Credits) achieved under existing components to the new components, of the following three projects: (1) Second Urban Poverty Project; (2) Second Kecamatan Development Project; and (3) Third Kecamatan Development Project. Specific details on the restructuring of each project are provided below.
 
 

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