Dominican Republic ER-Program Due Diligence
Dominican Republic ER-Program Due Diligence
Outcome and Feedback from the PCN Meeting
Peer review and Country Management comments discussed during Project Concept Review Meeting held on
September 17, 2018, chaired by the country director
PDO and Project Design: Appropriate PDO, but project design needs more attention to the enabling
policy structure and institutional capacity to address the drivers of deforestation and degradation.
Costing: More information is required on the finance gaps of the program.
Benefit Sharing Plan: Proposal for BSP will have detailed implementation arrangements.
Safeguards: Clear implementation arrangements that outline who is responsible for what, and where
the budget will come from are necessary. Clarified the role of the Bank to guarantee capacities to
implement its safeguard policies are in place.
Risks: Concerns about the impact of the elections on Political Governance and Macroeconomic risk.
Ex-ante assessment on financial management arrangements will ensure BSP.
The chair highlighted the importance of the project for DR, its alignment with the country's priorities and political
agenda, and authorized the team to move ahead with preparation of the projectView entire presentation