Additional Financing Productive Social Safety Nets Project (WB-P156484)

Countries
  • Guinea
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
Active
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
May 31, 2016
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
REPUBLIC OF GUINEA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 12.00 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)
$ 16.35 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 Oct 12, 2017

Disclosed by Bank Apr 1, 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.
The development objective of the Productive Social Safety Nets Project for Guinea is to provide income support to vulnerable groups and to lay the foundations of a social safety nets strategy by testing some of the building blocks necessary for a larger system. It comprises the following four components. 1) Labor Intensive Public Works (LIPW) with a focus on women and youth, and life skills development will remain to support activities aimed at providing income support for vulnerable groups including women and youth; 2) Pilot Conditional Cash Transfer to Protect Human Capital will continue to support the pilot Conditional Cash Transfer (CCT) and school feeding activities that are committed; 3) Project coordination and institutional capacity building will be modified from ‘project management’ to ‘project coordination and institutional capacity building’ to reflect the full scope of activities being financed and 4) Prevention of the Ebola epidemic can be easily financed by either a reallocation from other project components or an additional financing (AF). The proposed AF aims to scale up a well-performing productive safety nets operation, which includes LIPW and cash transfer activities targeting the poorest and most vulnerable people. The parent project will be restructured to (a) reflect a change in the name of the second component and (b) extend the closing date from October 17, 2017 to September 30, 2019 to align it with the proposed AF.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.
Borrower/Client/Recipient Name: Ministry of Economy and Finance Contact: Malado Kaba Title: Minister of Economy and Finance Email: Implementing Agencies Name: Cellule Filets Sociaux Contact: Wansan Abdoulaye Bah Title: Project Coordinator Email: wansansenior@hotmail.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.

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