Albania-Enhancing Quality of Financial Reporting (EQ-FINREP) (WB-P152567)

Countries
  • Albania
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
Bank Risk Rating
C
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
Mar 17, 2015
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
Ministry of Finance - Albania
The holder of the loan, grant, or other investment.
Sectors
  • Finance
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, etc.
Investment Amount (USD)
$ 2.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2015-03-17 exchange rate.
Project Cost (USD)
$ 2.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2015-03-17 exchange rate.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 24, 2017

Disclosed by Bank Dec 29, 2015


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Project Description
The project provides funding in an attempt to increase "good quality financial reporting". It aims to accomplish this through providing the Ministry of Finance with the money to 1. encourage public availability of company finances and 2. improving monitoring and evaluation by regulators of the quality of financial reporting. The World Bank claims there was a "delay with the project start" but considers the overall implementation of the project to be "satisfactory".
Investment Description
  • World Bank (WB)
Contact Information
*no contact information provided* 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.