- Implementation Support Agency (ISA): World Bank
- Total project financing: $530 million
- Funding from GCFF: $30 million
- GCFF Financing Approval Date: 10/26/2022
- Project Closing Date: 12/15/2023
- % Disbursed: 100%
- Status: Under implementation
About the project
This is the second operation in a programmatic series of three. The series seeks to assist the Government of Ecuador (GoE) in tackling selected structural challenges to foster inclusive, resilient, and low-carbon development. This programmatic series is fully aligned with the National Development Plan 2021-2025 (Plan de Creación de Oportunidades 2021-2025, NDP) and the Country Partnership Framework (CPF) FY2019-2023, as well as the World Bank Group (WBG) Roadmap for Climate Action in Latin America and the Caribbean4 as it focuses on transitioning to a green, inclusive, low-carbon and resilient development pathway.
Pillar 1 of the second DPF operation supports critical structural reforms to foster green growth, inclusion, and climate resilience. It strengthens the fiscal framework by increasing tax collection in an inclusive, transparent, and green manner and enhancing the institutional setup to address climate-related challenges, including climate budget planning and disaster risk fiscal impacts. These measures are relevant to support the implementation and monitoring of economywide climate programs and to provide a systematic way of assessing fiscal contingency risks to PPP projects. They also support reforms to foster social inclusion and resilience by cross-referencing the social registry to better target those vulnerable to natural disaster risks and implementing result-based budgeting to improve the supply prioritized nutrition package for pregnant women and children, and measures to integrate Venezuelan migrants, including children and adolescents separated from their families and those traveling alone, and protect victims of human trafficking and natural disasters, including those associated with climate change. This last set of reforms is critical for the most vulnerable women as potential beneficiaries of social assistance programs and partially addresses the disproportionate burden women have suffered during the COVID-19 pandemic and other weather-induced disasters.
Project Development Objective (PDO)
To assist the government of Ecuador in its agenda to tackle selected structural challen ges to foster inclusive, resilient, and low-carbon development.
Project Implementation Status
(As of December 31, 2022)
The DPL has been fully disbursed. As per DPL policy, all prior action were met by the time of Board approval. Implementation of policies supported is advancing as expected.