Geographic location where the impacts of the investment may be experienced.
Financial Institutions
- African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
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."
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.
Loan Amount (USD)
$ 1.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project 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.
The AFLDC-2 project mainly falls under the sector of natural and environmental resource management and agriculture, with an emphasis on chemical and waste management. In all target countries, the production of many pesticides containing regulated POPs has ceased, although marketing and use continue, particularly with regard to certain chemicals that have only recently been listed. In some African LDCs, stocks of POPs-containing pesticides have been built up in anticipation of the periodic outbreak of dangerous pests. Some of these stocks have deteriorated and become obsolete, posing dangers where safety controls are inadequate.
The total cost of the project is estimated at only 21,300,000 USD (twenty-one million three hundred thousand United States dollars), excluding taxes and based on 2022 prices, with a base cost of around 0%, since this is a new thematic area for the Bank, with no previous experience in implementation. Consequently, the minimum estimate amounts to approximately USD 2,130,000, or 10% of local costs, and approximately USD 19,170,000, or 90% of foreign costs. 11 reference or key projects have been identified in the Bank's investment portfolio to co-finance the AFLDC-2 project. Thus, the total financing of the project comes from the GEF trust fund. The funds will be used to co-finance ADF loans and grants, and other grants already used to finance the reference/key projects identified in the 11 RMCs. The Bank's investment in the implementation of the AFLDC-2 project will take the form of co-financing, while the beneficiary countries will, in some cases, provide counterpart funding in kind.
This project aims to apply the principles of the circular economy in order to provide an integrated set of support activities to remove obstacles to the elimination, reduction and control of sources of pollution to POPs and mercury in the 11 participating African LDCs. With regard to the measures required under the Stockholm and Minamata Conventions, several priority issues, such as strengthening capacities for the implementation of the conventions, appear to be common themes for African LDCs, as well as for the 11 countries concerned by the project.
The project area is the territory of the 11 participating LDCs. The entire population will benefit from the reduction in POP and mercury emissions and discharges, as these substances spread nationally and internationally, and have adverse effects when discharged into the air or water.
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.
Innocent ONAH
Natural Resources Officer, ECNR
African Development Bank
www.afdb.org
