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

Countries
  • Guinea
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
May 31, 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
REPUBLIC OF GUINEA
The holder of the loan, grant, or other investment.
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, converted to USD$. 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, converted to USD$. Please see updated project documentation 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
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
  • World Bank (WB)
Contact Information
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.