Progress to Date in Meeting Commitments Catalina Marulanda 8th Financial Agent Workshop The World Bank April 14-15, 15, 2004
Montreal Protocol Phase-out Reduction Targets for 2005 By January 1, 2005, Parties to the MP have committed to the following reduction targets: CTC: 85% CFC and halons: 50% Methyl Chloroform (TCA): 30% Methyl Bromide (MB): 20% By January 1, 2007, Parties have committed to: CFC: 85% reduction
9000 8000 7000 6000 The Way to Compliance Latest reported CFC consumption (2001 or 2002) Baseline 50% baseline 85% baseline 70000 60000 50000 ODP tonnes 5000 4000 40000 30000 3000 2000 1000 20000 10000 0 Argentina Chile Colombia Ecuador India Indonesia Jordan Malaysia Mexico * * 0 Vietnam Venezuela Turkey Tunisia Thailand Philippines Pakistan 1 China
What Have We Achieved? By the end of 2002, a total of 122,100 ODP tonnes had been phased-out by Bank projects By the end of 2003, the impact of approved projects reached 155,000 at a cost to the MLF of approximately 650 million dollars The total impact of approved MLF projects by 2003 reached 245,000 at a cost of 1.5 billion dollars By the end of 2003, the Bank had committed to 63% of the approved phase-out, at 44% of the total cost to the MLF
Distribution of Approved Projects Amount approved by Region by 2003 Latin America & Caribbean US$79.1M Middle East & North Africa US$15.2M South Asia US$105.6M Africa US$1.9M Solvents & Sterilants US$14.2M Aerosols US$14.9M Foam US$123.4M Global US$6.3M Europe and Central Asia US$28.9 East Asia & Pacific US$411.7M Refrigeration US$208.9M Methyl Bromide US$2.8M Halon US$57.2M Other US$44.8M Amount approved by Sector by 2003 Production US$120.4M Process Agent US$24.8M Phase-out Plan US$38.5M
Multiple-Year Agreements South Asia US$124M Europe & Central Asia US$9M Amount approved by Region by 2003 Latin America & Caribbean US$10.5M East Asia & Pacific US$371.6M 2003 Europe & Central Asia 77.8% Amount released to the Regions by 2003 Latin America & Caribbean 14.4% East Asia & Pacific 53.7% South Asia 44%
Performance Targets for 2003 The following targets were set in BP 2003: ODP phase-out target in 2003: 23,000 ODP tonnes Disbursement target for 2003: US$ 58 million Target speed of first disbursement: 26 months Target speed of completion of investment projects: 41 months Results of upcoming Progress Report will be used to evaluate performance in 2003
Historical IBRD Disbursements 600 Cumulative funds approved by MLF Cumulative funds disbursed by IBRD 78% 500 81% 84% US$ million 400 300 Total funds approved by 2002: US$521.4 million Total funds disbursed by 2002: US$404.8 million 85% 84% 84% 200 85% 87% 81% 100 82% 91% 100% 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Resource Allocation 2004 Business Plan 26 Investment Activities in 16 countries amounting to US$ 86.6 million: 13 activities are multi-year projects that were previously approved by ExCom (US$73.1 million) 6 new multi-year projects (US$9.3 million) 7 new investment projects (US$ 4.2 million) 4 Institutional Strengthening Programs amounting to US$0.87 million 2 Project Preparation Activities totaling US$0.22 million Total amount of deliverables: US$ 87.7 million Projects will capture 20,852 ODP tonnes at a cost effectiveness of US$3.89/kg ODP
Performance Targets for 2004 The following targets were set in BP 2004: ODP phase-out target for individual projects: 8,076 ODP tonnes Number of projects completed by the end of 2004: 72 Target speed financial completion: 3 months Two factors will be critical to meeting our targets and to achieving compliance: Completion of ongoing individual projects Increasing annual country-level disbursement
Project Completion Country Number of ongoing projects expected to finish by 2003 and 2004 Cumulative phase-out [ODP tonnes] Argentina 4 300.8 Chile 1 270 China 29 4,025.4 Colombia 4 191.9 India 7 782.9 Indonesia 7 3,057.5 Jordan 4 550.8 Pakistan 7 482.5 Thailand 4 872.2 Tunisia 7 159.9 Turkey 4 168 Total 78 10,861.9
Disbursement to Countries US$ Million 60.0 50.0 40.0 30.0 20.0 10.0 Amount approved by 2003 Amount disbursed by Bank by 2003 200.0 180.0 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 Argentina Chile Colombia Ecuador - ODSI Ecuador India - ODS II India - ODS III Indonesia Jordan Malaysia - ODS I Malaysia Mexico Pakistan Philippines Thailand - ODS I Thailand Tunisia Turkey 0.0 China - ODS III China - ODS IV
Country-Level Disbursements US$ Million 7.0 6.0 5.0 4.0 3.0 2.0 Total funding in 2002 Planned disbursement 2002 Actual disbursement 2002 1.0 0.0 Turkey Thailand Philippines Malaysia India CTC phase-out India CFC Production China PA China Halon China Foam China CFC Production 25.0 20.0 Total funding approved in 2003 Planned disbursement in 2003 Actual disbursement in 2003 US$ Million 15.0 10.0 5.0 0.0 Turkey Thailand Philippines Malaysia India CTC phase-out India CFC Production China PA China Halon China Foam China CFC Production
Speeding Up Disbursements US$ Million 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 3.5 3.0 2.5 US$ Million 2.0 1.5 1.0 0.5 Amount approved Planned disbursement Actual disbursement 2002 2003 2004 Philippines Thailand Amount approved Planned disbursement Actual disbursement National CFC phase-out plans US$ Million 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Malaysia Amount approved Planned disbursement Actual disbursement 2002 2003 0.0 2003 2004
Regional Targets for 2004 Country ODP to be phased out in 2004 [MT] Planned disbursement in 2004 [US$ million] Argentina 115.5 2.33 Chile 34.0 0.22 Colombia 46.0 0.12 Ecuador 52.2 0.90 México 14 0.16 Total LAC 261.7 3.72 Jordan 551 0.67 Tunisia 246 0.67 Total MENA Turkey 352 1.5 Total ECA China 15,730 55.73 Indonesia 1,266 5.58 Malaysia 430 4.86 Philippines 150 1.6 Thailand 1,392 7.47 Total SEA India 1,882 9.3 Pakistan 170 1.5 Total SEA
Qualitative Indicators ExCom has asked implementing agencies to develop qualitative performance indicators The Bank has proposed the following: 1. Number of planned missions for 2004. Teams have been asked to provide specific details on: i) number of people participating in missions; ii) length of missions; iii) number of cities visited; iv) number of projects visited; and v) government engagement 2. Planned training and/or increased support to NOUs or FIs 3. Review of upcoming countries compliance needs and discussions with governments on potential policy issues We are taking suggestions