Honduras First Fiscal Sustainability and Enhanced Competitiveness DPF (WB-P155920)

Countries
  • Honduras
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
  • 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
Canceled
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
Dec 15, 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 - Honduras
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
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)
$ 50.00 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 2015-12-15 exchange rate.
Project Cost (USD)
$ 50.00 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 2015-12-15 exchange rate.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 8, 2017

Disclosed by Bank Oct 14, 2015


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Project Description
This project provides funds to support Honduran government efforts in strengthening fiscal sustainability and improving the regulatory framework. Specifically, the project will examine the areas of fiscal and financial management, energy subsidies, and the targeting and transparency of social spending.
Investment Description
  • Inter-American Development Bank (IADB)
  • World Bank (WB)
Contact Information
World Bank Contact: Marco Antonio Hernandez Ore Title: Senior Economist Tel: (202) 473-6802 Email: marcohernandez@worldbank.org Recipient Contact: Rocio Tabora Title: Vice Secretary of Finance at the Ministry of Finance Tel: (504)2237 4537 Email: rtabora@sefin.gob.hn 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.