Cote d'Ivoire - Economic and Social Reform Support Programme (PARES) – Phase II (AFDB-P-CI-KA0-011)

Countries
  • Ivory Coast
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.
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
U
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
Nov 19, 2021
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 Ivory Coast
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Energy
  • Industry and Trade
  • Law and Government
  • Water and Sanitation
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)
$ 33.88 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.
Currency conversion note:
Bank reported UA 23,693,969
Converted using 2022-06-13 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 13, 2022

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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 website, the objective of PARES II is to consolidate and deepen the achievements of PARES I by increasing public resources in favor of vulnerable social groups, strengthening the efficiency and transparency of public expenditure to support access to basic social infrastructure and social inclusion. The program takes into consideration the context of COVID-19 by sustaining support to the private sector (SMEs and the informal sector) affected by the health shock and the deployment of the national vaccination plan which aims to achieve collective immunity by vaccinating at least 70% of people over 18 years of age. The program also supports reforms aimed at improving access to energy, rural water, and sanitation infrastructure; as well as cash transfers to households in extreme poverty; youth employment and nutrition. PARES II is consistent with the Bank's Country Strategy Paper for Cote d’Ivoire (CSP: 2018-2022) which is based on two strategic pillars. The two pillars of the CSP are: (i) strengthening of structuring infrastructure and governance, for the competitiveness of the economy and the efficiency of investments; (ii) the development of agro-industrial value chains, for inclusive and sustainable growth. PARES II aims at strengthening public sector governance (prioritization of social infrastructure both in terms of budget preparation and execution; the maturation of investment projects / programs as well as the considering of recurrent costs to ensure its sustainability) and promote social inclusion through actions targeting the most vulnerable segments of the population (cash transfers to households affected by extreme poverty; targeted nutrition programs) and improvement of youth employment and the empowerment of women.

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

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.

CONTACT INFORMATION

IBRAHIM Amadou

i.b.amadou@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

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/

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How it works