State Consolidation Development Program (WB-P160123)

Countries
  • Central African Republic
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
U
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
Dec 1, 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
MINISTRY OF FINANCE
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)
$ 20.00 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)
$ 20.00 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 Aug 14, 2017

Disclosed by Bank Jul 21, 2016


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Project Description
This program document objective of the First State Consolidation Development Program (SCDP) for Central African Republic (CAR) is to support the reestablishment of basic fiscal management and transparency as well as support economic recovery. This is the first grant in a proposed programmatic series of two grants, totaling USD 35 million equivalent, which supports a scalable series of reforms over a two year period (2016-17). The operation is structured around two pillars. Under the first pillar, reestablishing basic fiscal management and transparency the development policy operation (DPO) series seeks to increase fiscal revenue, improve wage-bill management, reduce the use of extraordinary budget spending procedures, and increase budget control and transparency. Under the second pillar, supporting economic recovery—the DPO series seeks to support a pro-poor, post-transition reform agenda that reinvigorates drivers of economic growth in critical sectors, including transport, agriculture, forestry, and telecommunications or ICT. The proposed reform areas represent a selective approach to a gradual and scalable reengagement in the current post-conflict environment. However, while these two pillars are designed to target the most critical constraints facing CAR’s growth needs, the DPO series does not include other important sectors, which will receive support through other World Bank- and donor-funded programs, including additional technical assistance and investment lending provided under the CAR Turn-Around Facility.
Investment Description
  • World Bank (WB)
Contact Information
Contact: Gervaiss DOUNGOUPOU, Coordinator CS-REF, Denise TOMBIDAM, Deputy Coordinator CS-REF Tel:+236 21 61 38 28 or +236 21 61 46 15 Fax: +236 21 61 41 87 Email: gmdoungoupou@gmail.com or dtombidam2002@yahoo.fr 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.