DMF III - Implementing Partners -2024 (WB-P508220)

Regions
  • World
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
Approved
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
Feb 20, 2025
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
MEFMI and WAIFEM
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.50 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.
Project Cost (USD)
$ 1.50 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
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 10, 2025

Disclosed by Bank Dec 9, 2024

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Contact the EWS Team

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 development objective of the project is to strengthen the capacity of Eligible Countries to manage debt effectively and improve their debt transparency.

This project is focused on the recipient executed activities with debt management technical assistance providers, which have been Implementing Partners (IPs) under DMF III. IPs are debt management technical assistance providers and also specialized in debt recording and debt recording systems. The grants will support continuation of the cooperation with IPs.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The project environmental risk is low. The project will support recipient-executed activities to enhance the capacity of eligible countries in managing their debt. This will be achieved through the design and application of tailored advisory services, technical assistance, applied analytical work, training, webinars, and peer-to-peer learning. These activities do not involve physical interventions that could harm the environment or have known downstream impacts. Accordingly, the project’s environmental risks or impacts are expected to be minimal.

The social risk rating of the project is Low. The grant’s objective is to strengthen the capacity of government institutions in charge of debt management. Based on the experience of DMF Phase I and II, DMF III is not expected to incur any social risks and impacts with the capacity building TA activities.

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

Trust Funds (Debt Management Facility for LICs): US$ 1.50 million

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) is a regionally owned organization specialising in providing training and capacity development programmes on macroeconomic and financial sector management.

UN Trade and Development (UNCTAD) is the UN’s leading institution dealing with trade and development. It is a permanent intergovernmental body established by the United Nations General Assembly in 1964. UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively. It provides economic and trade analysis, facilitates consensus-building and offer technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.

WAIFEM is a collaborative sub-regional capacity building organization established in July 1996 by the central banks of five Anglophone West African countries.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - MEFMI Client -
- - - - UN Trade and Development (UNCTAD) Client -
- - - - West African Institute for Financial and Economic Management (WAIFEM) Client -

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.

World Bank

Mesfin Girma Bezawagaw
Senior Economist

Borrower/Recipient

Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI)
Jacob Mkandawire
Director
jacob.mkandawire@mefmi.org

COMSEC

UN Trade and Development (UNCTAD) -DMFAS
Penelope Hawkins
The Head
penelope.hawkins@unctad.org

West African Institute for Financial and Economic Management (WAIFEM)
Baba Yusuf Musa
Director General
bmusa@waifem-cbp.org

DRI
David Waddock
Finance & Office Manager
driwaddock@gmail.com

Implementing Agency

DRI
David Waddock
Finance & Office Manager
driwaddock@gmail.com

COMSEC
Delia Cox
Adviser, Debt Management
d.cox@commonwealth.int

MEFMI
Jacob Mkandawire
Director
jacob.mkandawire@mefmi.org

WAIFEM
Baba Musa
Director General
bmusa@waifem-cbp.org

UNCTAD
Penelope Hawkins
The Head
penelope.hawkins@unctad.org

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works