Benin Water (IFC-602063)

Countries
  • Benin
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 3, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Benin Water
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 0.69 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 9, 2018

Disclosed by Bank Nov 27, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Under the proposed project, IFC will provide strategic advisory support to the Ministry of Water to scale-up a program of PPP transactions for the provision of sustainable small potable water access schemes in rural towns delivered through concessions. In Benin, only 1.6 million people (28 percent of the rural and semi-urban population) currently have access to water through piped water systems (PWSs). In 2006, the government of Benin launched reforms in the rural water sector that transferred the management of 46 percent of the existing PWSs from local communities to private operators under public-private partnership (PPP) contracts to improve operational accountability and quality of service. The government wants to build upon this success and to address several challenges subsequently identified, including: high-levels of non-revenue water issues, the need for an improved risk allocation, and measures to mitigate private operators’ potential inability to raise funding. This IFC advisory project will address these issues by scaling-up the approach developed by IFC and the World Bank’s 2014 Water and Sanitation Program (WSP), which developed four rural water concessions as part of a pilot initiative to increase the introduction of PPPs in the sub-sector. Through this project, IFC will provide strategic support to the Ministry of Water as it implements PPPs on 60 PWSs. The project will be developed under a World Bank lending project. To ensure the sustainability of the model, and to guarantee its roll-out across the country, an international consulting firm will train and supervise six local firms/advisors that will execute the transactions with the municipalities, with each transaction representing a cluster of five PWSs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works