Ecuador Risk Mitigation and Emergency Recovery Project (WB-P157324)

Countries
  • Ecuador
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
Mar 15, 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 the Republic of Ecuador
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2016-03-15 exchange rate.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2016-03-15 exchange rate.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 12, 2017

Disclosed by Bank Dec 30, 2015


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Project Description
This project provides funding for mitigating the potentially adverse effects of the El Nino weather system and the Cotopaxi volcano. It has three components. The first aims for disaster preparedness through funding projects in water and flood protection, agriculture, aquaculture, and fisheries, and transportation. The second aims for improvement in post-disaster recovery in the above-mentioned areas. The third aims to monitor project implementation through providing funding and assistance to various governmental agencies.
Investment Description
  • World Bank (WB)
Contact Information
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.