AF - SECOND TRADE DEVELOPMENT FACILITY PROJECT (WB-P159060)

Countries
  • Laos
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.
Bank Risk Rating
C
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
Dec 16, 2016
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.
Borrower
Ministry of Finance, Ministry of Industry and Commerce
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 4.00 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.
Loan Amount (USD)
$ 4.00 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)
$ 16.20 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 8, 2019

Disclosed by Bank Jul 22, 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.

According to bank documents, The proposed Additional Financing operation will extend support to existing sub-components and add two additional sub-components. It will be funded from an additional contribution by Australia to the existing multi-donor trust fund supporting the Second Trade Development Facility (financed by Australia, the European Union, Germany, Ireland, and USAID). It has the following components:

Component A. Trade Facilitation, Trade Policy, and Regulations
Component B. Diversification and Competitiveness
Component C. Mainstreaming Aid-for-Trade

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.

Mombert Hoppe
Senior Economist, World Bank
No contact information provided at the time of disclosure.

Borrower/Client/Recipient: Ministry of Finance
H.E. Mme. Thipphakone Chanthavongsa, Vice Minister
Email Address: thip61@yahoo.com

Implementing Agencies:

1. Ministry of Industry and Commerce
H.E. Mme. Khemmani Pholsena, Minister
Email Address: khemmani.p@laomoic.org

2. Ministry of Industry and Commerce
Mr. Phouvieng Phongsa, Director - National Implementation Unit
Email Address: phouvieng.p@laomoic.org

3. Department of Imports and Exports, Ministry of Industry and Commerce
Mme. Bansaty Thephavong, Director General
Email Address: banesaty.t@laomoic.org

4. Department of Foreign Trade Policy Department, Ministry of Industry and Commerce
Dr. Laohua Cheuching, Director General
No contact information provided at the time of disclosure.

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.

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How it works