Project Name Pending (IFC-605062)

Countries
  • Morocco
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
Approved
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
May 13, 2020
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
Region of Fes-Meknes
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Technical Cooperation
  • Transport
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)
$ 0.46 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 5, 2020

Disclosed by Bank Jul 27, 2020

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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.

According to bank provided information, this advisory project is to provide support to the Region of Fes-Meknes and specifically to their Rural Roads Project, which aims at converting existing dirt roads into paved roads to improve rural population's access to critical social infrastructure services. IFC will accompany the proposed investment by a comprehensive advisory support program, supported through the MENA Cities Initiative. The advisory support will help the region of Fes-Meknes to address identified investment bottlenecks, facilitating the project's delivery according to international best practice and to build the Region's capacity.

IFC's advisory support focuses on the following areas:

  1. Provide upstream project development support to help the Region address identified bankability constraints and to build environmental and social (E&S) management capacity and implement the rural roads component in compliance with E&S standards;
  2. Develop a road maintenance strategy to ensure that existing and newly constructed rural road assets are sustainably managed, while long-term road maintenance and rehabilitation cost are reduced and capacity among the Region and rural municipalities is developed to coordinate and finance maintenance activities, including through relevant procurement approaches;
  3. Provide additional advisory support, as needed.

 

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

Contact Information
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*Contact information not provided at the time of disclosure*

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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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