Albania Competitiveness Development Policy Loan (WB-P155605)

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
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
Jan 31, 2017
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 Albania, Ministry of Economy
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
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)
$ 70.00 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)
$ 70.00 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)
$ 70.00 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 @ WB website

Updated in EWS Jan 21, 2018


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Project Description
According to bank documents, under the leadership of the Ministry of Economic Development, Tourism, Trade and Entrepreneurship (MEDTTE), the Government has made improving Albania's performance in Doing Business a policy priority. The working group has drafted an Action Plan that aims to improve Albania's performance across all DB topics in the next two years. The reform measures included in the action plan will be binding for all implementing agencies and will be used as a tool to monitor reform implementation. The Government, under the leadership of the Ministry of Urban Development (MUD) has undertaken a reform to bring about an improved construction permits regime.
Investment Description
  • World Bank (WB)
International Bank For Reconstruction And Development: USD 70,000,000.00
Contact Information
Team Leaders: Feyifolu Adeyosola Boroffice and Wolfgang Fengler World Bank No contact information provided at the time of disclosure. 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.