AO-Local development Project - AF (WB-P160105)

Countries
  • Angola
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
Jul 25, 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
FUNDO DE APOIO SOCIAL - FAS
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 70.00 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)
$ 70.00 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 Sep 17, 2017

Disclosed by Bank May 1, 2015


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Project Description
The development objective of Local Development Project for Angola is to improve access of poor households to basic services and economic opportunities, and to enhance local institutional capacities among Angola’s municipalities, will remain unchanged. This second level of restructuring seeks the additional financing of 70 million UD dollars to support the scale-up and completion of activities under the three LDP components and will further strengthen the local development agenda by continuing to: (a) provide basic social services at the local level in the poorest provinces and municipalities; b) build capacity of municipal officials for consultative resource allocation and transparent resource management; and (c) expand the local economic development agenda through the provision of economic opportunities to improve livelihoods and income of poor households. It also requires an extension of the closing date to February 28, 2020.
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.