Indonesia - Better Education through Reformed Management and Universal Teacher Upgrading Project (BERMUTU) : restructuring (Vol. 1 of 2) : Main report

 Document of The World Bank 65706 v1 Report No: XXXXX RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF BERMUTU-BETTER EDUCATION THROUGH REFORMED MANAGEMENT AND UNIVERSAL TEACHER UPGRADING PROJECT LOAN 7476-IND / CREDIT 4349-IND / TF-090794 JULY 5, 2007 TO THE THE REPUBLIC OF INDONESIA November 2, 2011 Regional Vice President: James W. Adams Country Director: Stefan G. Koeberle Sector Manager: Luis Benveniste Task Team Leader: Susiana Iskandar 2  INDONESIA — BERMUTU-BETTER EDUCATION THROUGH REFORMED MANAGEMENT AND UNIVERSAL TEACHER UPGRADING - P097104 LOAN 7476-IND/CREDIT 4349-IND/TF-090794 Restructuring Paper 1. Proceeds for Indonesia, BERMUTU-BETTER EDUCATION THROUGH REFORMED MANAGEMENT AND UNIVERSAL TEACHER UPGRADING, LOAN 7476- IND/CREDIT 4349-IND will be reallocated as follows: Percentage of Amount of the Amount of the Loan Expenditures to be Category Credit Allocated Allocated Financed (expressed in SDR) (expressed in USD) (inclusive of Taxes) (1) Accreditation Incentive 3,345,000 2,100,000 100% of Grant amount Grants disbursed (2) Distance Learning 492,000 0 100% of Grant amount Development Grants disbursed (3) Training, workshops 100% and Incremental Operating Costs under Part 2.2(b) of 10,101,000 9,500,000 the Project (4) Working Group Grants 16,788,000 3,600,000 100% of Grant amount disbursed (5) Consultants’ Services 235,000 1,789,000 100% (6) Training, workshops, 100% fellowships and Incremental Operating Costs other than 9,369,000 6,971,000 under Part 2.2(b) of the Project (7) Unallocated 0 478,750 (8) Front End Fee n.a. 61,250 Amount payable under Section 2.03 of the Loan Agreement in accordance with Section 2.07(b) of the IBRD General Conditions TOTAL AMOUNT 40,330,000 24,500,000 2. In addition, the proceeds of the Grant allocated in the table in Section 3.01 of the Annex to the Grant Agreement between the Republic of Indonesia and the International Bank for Reconstruction and Development/International Development Association, dated November 7, 2007, will also be reallocated as follow: Category Amount of the Grant Percentage of Expenditures to Allocated (expressed in US be Financed Dollars) (inclusive of Taxes) (1) Accreditation Incentive Grants 0 100 % of Accreditation Incentive Grant amount disbursed (2) Distance Learning 0 100 % of Distance Learning Development Grants Development Grant amount disbursed (3) Training, workshops and 9,000,000 100% Incremental Operating Costs under Part 2.2(b) of the Project (4) Working Group Grants 29,115,000 100 % of Working Group Grant amount disbursed (5) Consultants’ Services 6,650,000 100 % (6) Training, workshops, 7,235,000 100 % fellowships and Incremental Operating Costs other than under Part 2.2(b) of the Project TOTAL AMOUNT 52,000,000 3. Summary of implementation progress. a. Overall progress towards achieving the Project Development Objective (PDO) continues to be rated as “satisfactory