Climate Adaptation Project (WB-P155968)

Countries
  • Moldova
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
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
Jun 9, 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
Ministry of Finance
The holder of the loan, grant, or other investment.
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, converted to USD$. 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, converted to USD$. 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, converted to USD$. Please see updated project documentation 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
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
  • World Bank (WB)
International Bank For Reconstruction And Development: USD 12,400,000.00 International Development Association (Ida): USD 12,800,000.00
Contact Information
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.