Second AF for Strengthening Safety Nets Systems Project MASAF IV (WB-P160519)

Countries
  • Malawi
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
Nov 8, 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, ECONOMIC PLANNING A
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 23, 2017

Disclosed by Bank Sep 6, 2016


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Project Description
The objective of the Second Additional Financing for Strengthening Safety Nets Systems and Fourth Malawi Social Action Fund Project is to strengthen social safety net delivery systems and coordination across programs. This Project Paper seeks the approval of the Board of Executive Directors to provide a grant in an amount of SDR34.2 million (US$47.68 million equivalent) and a credit in an amount of SDR16.0 million (US$22.32 million equivalent) of which US$11.0 million from IDA Crisis Response Window1 for a second Additional Financing (AF) and a level one restructuring to the Strengthening Safety Nets Systems Project (SSNSP) - Malawi Social Action Fund (MASAF) IV parent project and first AF. The purpose of the second Additional Financing is to scale up project activities to respond to the urgent need for assistance arising from the drought situation across Malawi that led to widespread food shortages. The project is being processed under OP 10.00 paragraph 12, referring to projects in situations of urgent need of assistance or capacity constraints. The parent project’s performance is currently rated Satisfactory for development objectives and Moderately Satisfactory for implementation progress. All audits are satisfactory and the Government of Malawi (GoM) is substantially in compliance with all credit covenants. All proposed activities will be consistent with the development objectives of the parent operation. The expected closing date of the proposed second AF will be December 31, 2019. Adjustments in some targets in the Results Framework will be needed, to reflect the additional outputs from the second AF.
Investment Description
  • World Bank (WB)
Contact Information
Borrower/Client/Recipient Name: Government of Malawi Contact: Goodall Gondwe Title: Minister of Finance Email: finance@finance.gov.mw Implementing Agencies Name: Local Development Fund - Technical Support Team (LDF-TST) Contact: Mandala Title: Acting Executive Director Email: Charles Mandala <cmandala@ldf.gov.mw> 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.