Additional Financing for Rural Competitiveness Project (COMRURAL) (WB-P158086)

  • Honduras
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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 18, 2017
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.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 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)
$ 35.43 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 Aug 10, 2017

Disclosed by Bank Mar 31, 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.
This project involves Additional Financing to the Rural Competitiveness Project for Honduras (COMRURAL). From the World Bank: The objective of the Rural Competitiveness Project for Honduras is to contribute to increased productivity and competitiveness among organized rural small-scale producers through their participation in productive alliances. The Additional Financing will scale-up and expand activities to enhance the impact of a well-performing project that has proven effective in improving rural income and reducing the poverty gap, thus maximizing development impact and results in line with OP 10.00. To do this, it would: (i) further support existing productive alliances as well as support new productive alliances in the original project area; (ii) establish new productive alliances in six new departments; (iii) further support value chains prioritized under public policy in the project area; and (iv) finance institutional strengthening activities to improve the overall competitiveness of the agriculture sector. The AF will benefit around 5,500 additional rural households, largely indigenous, and continue promoting participation of women and use of good environmental and agricultural practices to contribute to climate adaptation and mitigation.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The World Bank will loan USD 25 million to this project through their International Development Association (IDA). The project will also receive financing from local farmers organizations (USD 3.05 million) and from Honduras's financial intermediaries (USD 7.38 million). The total cost of the project is USD 35.43 million. The Honduran Strategic Investment Office will be the implementing agency.

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.
World Bank Contact: Norman Bentley Piccioni Title: Senior Rural Development Speci Borrower/Client/Recipient Name: Republic of Honduras Contact: Wilfredo Cerrato Title: Minister of Finance Email: Implementing Agencies Name: Ministry of Agriculture and Livestock Contact: Jacobo Paz Title: Minister Email: Name: Honduran Strategic Investment Office (InvEst-H) Contact: Marco Bográn Title: Executive Director Email: 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 You can learn more about the Inspection Panel and how to file a complaint at:

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