Atiala-Atsinanana Emission Reductions Program

active

The objective of the Atiala-Atsinanana Emission Reductions Program Project is to make payments to the program entity for measured, reported and verified Emission Reductions (ER payments) related to reduced deforestation, forest degradation and the enhancement of forest carbon stocks (REDD+) at the national level in Madagascar, and distribution of ER payments in accordance with agreed Benefit Sharing Plan. The significant impacts of the pandemic on Madagascar have had a major impact on the country’s development financing needs over the next two years, requiring adjustments to the WBG country program. In line with the WBG COVID-19 Crisis Response Approach Paper published on June 1, 2020, resources have been realigned to support priority actions aimed at saving lives threatened by the virus; protecting the poor and vulnerable; securing the foundations for the private sector; and strengthening policies and institutions for increased resilience based on transparent, sustainable debt, and investments. Program adjustments include: i) reallocation of portfolio resources through activation of Contingent Emergency Response Components and restructuring and reallocations of existing programs; ii) developing new operations responding to the pandemic that were not envisioned in the original CPF program (e.g. pandemic preparedness programs); and, iii) reprioritization of the CPF pipeline to advance operations that were planned for later years (from FY22-23 to FY21), while delaying selected new infrastructure operations.