PROJET D'AMELIORATION DE L'ACCES A L'ELECTRICITE EN MILIEU RURAL (AFDB-P-CI-FA0-017)

Countries
  • Ivory Coast
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.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 7, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Ivory Coast
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
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, etc.
Investment Amount (USD)
$ 25.85 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 36.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Feb 25, 2020


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Project Description

The Republic of Côte d'Ivoire has requested a loan from the African Development Bank to cover the cost of the IMPROVED ACCESS TO ELECTRICITY IN RURAL ENVIRONMENT (PAEMIR) PROJECT, and intends to use part of the funds granted under this loan to make authorized payments under the service contract relating to PAEMIR Project procurement audit for fiscal years 2018, 2019 and 2020.

(translated from documents in disclosure "https://www.afdb.org/en/projects-and-operations/p-ci-fa0-017").

Investment Description
  • African Development Bank (AFDB)

Total cost: 50000000
Currency: UAC

Source(s) of financing
AfDB: 35741136.52

Contact Information

Task Manager: KITANDALA LUHANA Raymond, RDGW1 / no contact details provided at the time of disclosure

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.