Climate Adaptation Project (WB-P155968)

Countries
  • Moldova
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jun 9, 2017
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
Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 25.20 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.
Loan Amount (USD)
$ 25.20 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)
$ 27.20 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.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 21, 2018

Disclosed by Bank Aug 2, 2016


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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.
According to bank documents, the emerging findings of the Climate Adaptation Technical Assistance show that there are substantial needs for (i) pro- poor and complementary adaptation investments across a range of sustainable land and water management activities and (ii) cross-cutting climate information and emergency response. Accordingly, the Moldova Climate Adaptation & Forestry Project (CAFP) is proposed to focus on a mutually reinforcing set of investments that help to address several key adaptation issues and target the most vulnerable through: i. An integrated approach to supporting resilient rural landscapes through investments in on-farm irrigation and other adaptation activities, and forest-based restoration of degraded lands. ii. Strengthening of climate knowledge and disaster-risk management systems to improve understanding of climate impacts, and preparedness and response mechanisms, that will benefit a range of sectors.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
International Bank For Reconstruction And Development: USD 12,400,000.00 International Development Association (Ida): USD 12,800,000.00

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.
Team Leader: Emilia Battaglini Lead Environmental Specialist Team Leader: Anatol Gobjila Senior Agriculture Economist No contact information provided at the time of disclosure. Borrower/Client/Recipient: Ministry of Finance Elena Matveeva, Head of Public Debt Department Email Address: elena.matveeva@mf.gov.md Implementing Agency: Ministry of Environment Inga Podoroghin, State Secretary Email Address: inga.podoroghin@mediu.gov.md Serafima Tronza, Head of Water Management Department Email Address: tronza@mediu.gov.md 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.

How it works

How it works