Solomon Islands Rural Development Program II (WB-P149282)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Solomon Islands
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
Active
Bank Risk Rating
B
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 21, 2014
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
Government of Solomon Islands
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Infrastructure
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, etc.
Investment Amount (USD)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 4.00 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)
$ 46.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 15, 2021

Disclosed by Bank Nov 9, 2007


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Project Description

According to the bank documents, the project aims to "(i) assist farming households to engage in productive partnerships with commercial enterprises; (ii) build the capacity of MAL to deliver its core functions of regulation, research and sector coordination; and (iii) restore the productive assets of households critically affected by the April 2014 flash floods"

Investment Description
  • World Bank (WB)

Co-finance:
Borrower US$ 20 million
Australian Aid Program US$ 13.3 million
International Fund for Agriculture Development US$ 4.6 million

Contact Information

World Bank
Contact:Erik Caldwell Johnson
Title:Senior Operations Officer
Tel:5284+210 / 6
Email:ejohnson1@worldbank.org

Borrower/Client/Recipient
Name:Ministry of Finance and Treasury
Contact:Hon. Rick Nelson Hoenipwela
Title:Minister
Tel:67722556

Implementing Agencies
Name:Ministry of Development Planning and Aid Coordination
Contact:Daniel Rove
Title:Director Social Services Division
Tel:67738256
Email:drove@planning.gov.sb

ACCOUNTABILITY MECHANISM OF 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. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.