Productivity and Transparency Support Credit (WB-P156651)

Countries
  • Sierra Leone
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
U
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 30, 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
GOVERNMENT OF SIERRA LEONE
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)
$ 20.00 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)
$ 20.00 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 Aug 23, 2017

Disclosed by Bank Sep 21, 2016


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Project Description
This single tranche First Productivity and Transparency Support Credit Project (PTSC-I) for the Republic of Sierra Leone seeks the approval of the Executive Directors to provide a credit of SDR 16.1 million (US$22 million equivalent) including US$12 million from the Crisis Response Window (CRW) and a grant of SDR5.9 million (US$8 million equivalent) from the CRW. This operation is the first of a programmatic series of three PTSCs, which supports the implementation of the country’s third poverty reduction strategy, the Agenda for Prosperity (AfP) and the President Ebola Recovery Priorities. The aim of this series is to contribute to the Government’s objective of achieving sustainable and inclusive economic development through: (i) increasing productivity in selected economic sectors and (ii) improving transparency and accountability in selected government decision making processes. The program supports critical policy reforms to promote sustainable and inclusive growth and build economic resilience. Sierra Leone’s opportunities to eradicate extreme poverty and boost shared prosperity rest on sound exploitation on the country’s abundant natural resource endowments, renewable (arable land, forestry, and fisheries) and non-renewable (water, oil, and minerals). The operation supports ongoing reforms to increase productivity and sustainability in agriculture and fisheries and increase efficiency in the and education sector while promoting transparency and accountability in selected government decision making processes and related transactions, including decision to grant access rights to private operators, including land and fisheries. The program will also focus on reducing the likelihood of miss-procurement through improved transparency and accountability and on increasing information available to document corruption cases through an effective asset disclosure system.
Investment Description
  • World Bank (WB)
Contact Information
Contact: Mamadou Ndione Title: Senior Economist Tel: (202) 458-2464 Fax: (202) 473 8368 Email: mndione@worldbank.org Contact: Hardwick Tchale Title: Senior Agriculture Economist Tel: +233-302-214131 Email: htchale@worldbank.org 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.