INTEGRATED AGRO INDUSTRIAL PARK DEVELOPMENT PROJECT (AFDB-P-ET-AAG-005)

Countries
  • Ethiopia
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
Dec 5, 2018
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
Ethiopia MINISTRY OF FINANCE AND ECO. DEVELOPMENT
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)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 7.76 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)
$ 7.76 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 @ AFDB website

Updated in EWS Feb 26, 2020

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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 Project supports the development of four (4) Integrated AgroIndustrial Parks (IAIPs) in :

  • Tigray (North),
  • Amhara (North West),
  • Oromia (Central) and
  • Southern Nations, Nationalities and People (SNNP) (South) Regions

by providing part of the infrastructure required for agro-industrial activities on the IAIPs.

The projects aims to develop the requisite skills and agricultural value chain capacity to ensure competitiveness, productivity and inclusivity in their operations.
The IAIPs will attract private sector investments and enhance a much-desired agricultural transformation of the country, create jobs, boost exports, and reduce urban and rural poverty.

 

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

Total cost: 11000000
Currency: UAC

Source(s) of financing
ADF: 11000000

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INPUTS (Total Amount of Resources: UA 61.33)

ADF (Grant): UA 11 Million
Korea Exim Bank: US$ 50 Million (UA35.10 Million)
European Union: € 10.1 Million (UA 8.44 Million)
Big Win: US$ 1million (UA 0.70 Million)
GOE: UA 6.09 Million

(Source: taken from Pg vii uploaded appraisal report in disclosure).


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.

Task Manager: EZEDINMA Chukwuma Ikechukwu, AHFR2 / no contact details provided at the time of disclosure

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