BF - DPO series on Energy and PFM (WB-P157060)

Countries
  • Burkina Faso
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
Dec 20, 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
GOVERNMENT OF BURKINA FASO
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 100.00 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)
$ 100.00 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 Feb 26, 2019

Disclosed by Bank Jul 14, 2016


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Project Description

This program document proposes the first operation in a programmatic series of two Development Policy Financing (DPF) operations designed to support energy and fiscal reforms in Burkina Faso. The proposed first DPF is a single-tranche disbursement of US$100 million equivalent, 45 percent in the form of an IDA grant and 55 percent as an IDA credit. The policy program supported by the DPF aims at: (i) improving the fiscal stance of the Government; and (ii) strengthening the financial health of the energy sector to deliver secure, affordable and reliable electricity. The series of DPF operations aims at supporting the Government in its effort to improve the performance of the energy sector and to improve fiscal management. It is designed around three pillars: the objective of the first pillar is to re-establish financial stability in the energy sector through a set of complementary measures; the DPF series will support the improvement of the institutional and legal framework conducive to the timely implementation of the strategy aimed at leveraging private participation to shift the energy mix towards affordable imports and renewables; and actions under pillar three aim at increasing tax revenue through reforms in tax policy and administration. Emphasis is also on procurement procedures, with the adoption of a new Code and decrees that will lead to a more comprehensive, efficient and transparent public procurement system.

Investment Description
  • World Bank (WB)
Contact Information

Contact: Mme Sanata Koné
Title: Directeur p.i de Suivi des Programmes Financiers
Tel: + (00226) 50.33.30.17
Email: sanata_kone@yahoo.fr

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.