Special Financing Facility for Local Development (WB-P156257)

Countries
  • Somalia
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
Active
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
Jan 11, 2016
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
Federal Government of Somalia
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Technical Cooperation
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)
$ 6.00 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)
$ 6.00 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 Jul 27, 2017

Disclosed by Bank Nov 10, 2015


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Project Description
This project finances the construction and reconstruction of infrastructure and the development of public service delivery capacity in targeted areas of Somalia, as well as support for the Federal Government and regional administrations’ capacity to respond to an eligible crisis or emergency. This includes three components: i) small-scale infrastructure that will finance small-scale local development activities in the pre-1991 regions of Somalia; ii) program operations and capacity building that will finance costs associated with overall project implementation; and iii) contingency emergency response that will allow for project funds to be used to address emergency works or activities resulting from potential natural disasters.
Investment Description
  • World Bank (WB)
This project is funded by a grant from the Somalia Multi-Partner Fund.
Contact Information
Borrower/Client/Recipient Name: Federal Government of Somalia Republic Contact: Mohamed Aden Ibrahim Title: Minister of Finance Email: farkeeti@hotmail.com Implementing Agencies Name: Ministry of Finance Contact: Ali Haji Aden Title: Head of TIU Email: alihadam@gmail.com 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.