Rural Development Fund Project (02) (WB-P000360)

Countries
  • Cameroon
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Closed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Jun 6, 1985
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
Government of Cameroon
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 21.00 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)
$ 24.50 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
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 9, 2024

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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 Second Rural Development Fund Project (FSAR II) was to build on the experiences of the first project. It had as its objectives to strengthen rural development institutions and to improve living conditions and incomes in rural areas, particularly in the dry and poorer North. It covered institution building, a fund for Small-Scale Rural Development Activities (PPDR), development of 1,020 ha of bottom lands, construction of about 1,000 deep tube wells for rural water supply, credits for bullock fattening, support for groundnut marketing and shelling, functional literacy training, and construction and maintenance of about 350 Km of roads. Nine public agencies or services were to implement the project, with an agricultural credit institution, FONADER, as project planner and coordinator.

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

At appraisal overall project costs were estimated at US$44.4 million, with Government contributing US$18.1 million (41 percent), project beneficiaries US$0.8 million (2 percent) and IBRD US$25.5 million (57 percent). Actual project costs are estimated at US$24.5 million, with IBRD providing US21.0 million (86 percent) Government US$3.0 million (12 percent) and project beneficiaries US$0.5 (2 percent).

The Loan was closed on December 31, 1993, two years later than scheduled and the undisbursed balance of US$4.5 million was canceled effective August 16, 1994.


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.

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