Congo: Additional Financing for Forest and Econ. Diversification Proj. (WB-P158604)

Countries
  • Congo, Republic of
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 4, 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
REPUBLIC OF CONGO
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 38.24 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 Sep 18, 2017

Disclosed by Bank Nov 1, 2016


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Project Description
The objective of the Forestry and Economic Diversification Project for Congo, Republic of is to increase the capacity of the forest administration, localcommunities, and indigenous peoples to co-manage forests. The AF is required to scale up the development effectiveness of the project and more comprehensively achieve the project’s objective of improving co-management of forest resources. By scaling up activities in terms of both geographic coverage and intervention types, additional households in Northern Congo are expected to be able to better manage forest resources and improve their livelihoods, biodiversity of global importance across 427,000 ha will be better protected, and the GOC will be better equipped to fight wildlife crime. Structuring the GEF funds as AF would allow the GOC to utilize the FEDP PIU. The FEDP has illustrated that it can take a significant amount of time to get a PIU in the ROC to become effective in managing a World Bank-financed project. The PIU is now functioning increasingly well, and there is value in the MEFDDE preserving one such center of competence to execute its projects, also in light of the increasing REDD+ funds, including from the Forest Investment Program, that are expected to come online in the near future. This approach should also achieve economies of scale across the portfolio. The size of the AF in relation to the parent project’s budget indicates that the FEDP can accommodate the proposed scale-up of activities. The changes aim to improve co-management of forests. Additional funds would be allocated to component two to support implementation of simplified management plans and agro-forestry approaches, benefiting households through increased incomes, while reducing deforestation and forest degradation.
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.