Structural Adjustment Credit Project (01) (WB-P001731)

Countries
  • Mali
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
Dec 11, 1990
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 Mali
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 70.00 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)
$ 306.20 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 7, 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.

The Structural Adjustment Credit (SAL I) for Mali was approved by the Banks Executive Board on December 11, 1990 and became effective on March 15, 1991. The credit was closed on June 1995, two years later than the original closing date.

SAL I was intended to support the Government's adjustment efforts in two key areas of the second year PFP: improving the economic incentive system; and improving public resources management. Measures to improve the economic incentive system included: (i) simplification and rationalization of foreign trade taxation; (ii) restructuring of indirect and direct taxation; and (iii) removal of regulatory constraints inhibiting private sector development. Improvements in the management of public resources was supported by: (i) restructuring of current expenditures; (ii) reform of the civil service; and (ini) better programming and monitoring of public investments. In addition, SAL I included a subsidiary component aimed at improving statistics and the monitoring of poverty indicators.

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

IDA CREDIT: SDR 50.3 million (equivalent to US$70 million) - This credit had two components: a quick-disbursing component of SDR 47.5 million to be disbursed in three tranches and a technical assistance component of SDR 2.5 million. In addition, the credit financed a Project Preparation Fund (PPF) of SDR 0.3 million.

Cofinancing totaling US$ 70 million equivalent was granted by the German, Dutch, Swiss and Norwegian Governments, the European Union and the African Development Bank. In additon, several other bilateral donors (France, the United States and Canada, in particular) supported the program through the provision of budgetary assistance.


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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How it works