CIPREL Advisory on Plastic Waste (IFC-605968)

Countries
  • Ivory Coast
Geographic location where the impacts of the investment may be experienced.
Specific Location
Vridi village
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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, 2024
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
Vridi Community - Local Waste Collectors
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Education and Health
  • Industry and Trade
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.
Investment Amount (USD)
$ 0.61 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.
Project Cost (USD)
$ 0.61 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 May 15, 2025

Disclosed by Bank Jan 23, 2025


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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 the Bank’s website, the Project aims to initiate a culture of plastic waste management and create livelihood opportunities, particularly for women, within Vridi village and surrounding communities. It focuses on raising awareness, building capacity, and supporting small-scale recycling businesses to effectively manage plastic waste and promote sustainable practices. It has the three components, with the following activities:

Component I: Awareness and Improved and gender-inclusive Practices on Plastic Waste Management and Environmental Preservation: (i) Consultative Engagement among the community members, using participatory tools and methodology to assess (i) livelihood conditions of the targeted people and (ii) knowledge on plastic waste management and preservation of environment; (ii) Awareness and sensitization strategy, tools and campaigns: for the participants to collectively identify innovative solutions for addressing the social, economic, and environmental problems caused by plastic waste and pollution; (iii) In-depth capacity building and training for two hundred (200) green champions within Vridi community leaders, schools students and teachers and supporting them through guidance and coaching; (iii) Installation of plastic collection boxes within the 5 selected schools as part of the implementation of their environmental cleanliness plans; (iv) Support for the development of Environmental cleanliness and plastic waste management plans in the 5 selected schools to guide their efforts in keeping their community free of waste pollution; and (v) Development of the relevant tools for regular monitoring and evaluation as well processes for adjusting implementation outcomes and taking corrective measures.

Component II: Improved sustainable and gender-inclusive business practices for individual Local Waste Collectors: Through this component, the following activities will be undertaken: (i) Training needs assessment of local waste collectors, to identify required capacity building and training needs; (ii) Capacity building and plan and training workshops on financial literacy, entrepreneurship, and waste collection and recycling techniques and supply chains opportunities; (iii) Development, adoption and implementation of monitoring and evaluation tools to measure collection, transportation, and recycling of plastic waste at the individual levels using digital tools to monitor daily operations; and (v) Follow-on performance assessment, to identify lingering gaps and corrective measures, using participatory methodologies.

Component III: Improved sustainable and gender-inclusive business practices for Local Waste Collectors’ Cooperatives: (i) Training needs assessment on the two cooperatives involved in the plastic waste supply chain; (ii) A Baseline assessment on performance to-date to identify key factors to monitor improvement through the end of the Project; (iii) Capacity Building and training workshops, focusing on the organizational capacity and operational efficiency of the cooperatives and market development; (iv) Support for the local waste collectors to develop a viable business model for the waste collection which allows them to run the facility at profit; (v) development and establishment of partnerships with other stakeholders in the plastic waste value chain, to improve access to market and opportunities; and (vi) Installation of collection and capacity building on managing it sustainably.

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

Estimated Total Budget: $609,833.00 (Project budget includes all project-funded activities)


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

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