Benefit Sharing Note_August 2020_English_

Final Benefit Sharing
Plan
Revisions to the Benefit
Sharing Plan
Reports from annual
self-reporting by
Program Entity and
Third-Party Monitor and
an annex to the ER
Monitoring Report
If not prior to ERPA
signature, within a
specified time period
(usually 12 months)
following ERPA signature.
As needed during ER
Program implementation
Prior to each ERPA
Payment, starting with the
second ERPA Payment
observers in the case of the FCPF) of their
availability online. 18
All remaining issues, if any, will be addressed,
as appropriate, in the final Benefit Sharing
Plan (see next row).
The Program Entity addresses any
outstanding issues identified during the
previous World Bank QER and fund
participants’ feedback (as specified in a
Safeguards Action Plan or ESCP, as relevant)
including any relevant comments received on
the publicly available advanced draft Benefit
Sharing Plan, in a final Benefit Sharing Plan.
The World Bank checks the final Benefit
Sharing Plan, following consultations with
fund participants, to ensure that all relevant
issues have been appropriately addressed
before deeming it a ‘final Benefit Sharing
Plan’. Following this, the FCPF or BioCF ISFL
FMT will share the final Benefit Sharing Plan
with fund participants (and Carbon Fund
observers in the case of the FCPF) for their
information, informing them that it is final,
addresses all relevant issues, and will be
linked on the FCPF or BioCF ISFL website by a
certain date.
If necessary, the Program Entity prepares an
updated Benefit Sharing Plan. Such update(s)
to the final Benefit Sharing Plan may require
additional consultations with stakeholders.
Any updated Benefit Sharing Plans will be
reviewed and deemed acceptable by the
World Bank, in consultation with fund
participants, and linked on the FCPF or BioCF
ISFL website.
After the first ERPA Payment and prior to
subsequent ERPA Payments, the Program
Entity reports on the implementation of the
Benefit Sharing Plan (either as part of Interim
Progress Reports or ER Monitoring Reports).
The World Bank will review reports from selfreporting
and the Third-Party Monitor, as
18
As is the case with other documents disclosed by the World Bank, there may be comments on the advanced
draft Benefit Sharing Plan by the general public, which the World Bank can pass on to the Program Entity for their
consideration.
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